$6,500,000

Estimated payment $38,805/month

Total Views 4,527
2 Acres
$3,250,000 Price per Acre
87,120 Sq Ft Lot

Highlights

  • 2 Acre Lot
  • No HOA
  • Restricted saltwater access
  • Home fronts a canal

About This Lot

Rare opportunity to acquire both land and a fully approved Padel Club project in the heart of Hollywood. This 2-acre C-4 zoned property includes a site plan approved for 9 padel courts, including indoor options. Includes fee simple land ownership and approved business concept. SBA 504/7(a) financing options availableIdeal for investors or owner-operators seeking income-producing real estate. Business can be delivered turn-key with operations or for owner use. Significant long-term upside with potential for vertical development—up to 140+ residential units under the Live Local Act. Full business details and Offering Memorandum available upon request, listing price is for land only.

Listing Agent

Maria Pena Cabezas

LoKation License #3379668 Listed on: 07/01/2025

LoKation

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $50,087

Lot Details

  • 2 Acre Lot
  • Lot Dimensions are 342x254
  • Home fronts a canal
  • Property is zoned C-4

Additional Features

  • City Lot
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 514217000012

Community Details

Overview

  • No Home Owners Association

Recreation

  • Restricted saltwater access

Property Details

Property Type

Land

Est. Annual Taxes

$50,087

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Horses: No
  • Inclusions: Restricted Salt Water Access
  • Lot Size Acres: 2
  • Lot Size: 342x254
  • New Construction: No
  • Road Frontage Type: Legal Access Road, Public Road
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Central Urban

Exterior Features

  • Lot Features: City Location, 1-2.5 Acres
  • Pool Private: No
  • View: No
  • Waterfront Features: Canal Front
  • Waterfront: Yes

Utilities

  • Sewer: Septic Tank
  • Water Source: Municipal Water
  • Utilities: Water Connected, Electricity Available, Trash Removal, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 514217000012
  • Current Use: Income (Recreational)
  • Lot Size Sq Ft: 87098
  • Zoning: C-4

Multi Family

  • Gross Scheduled Income: 3151371

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 50087

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $50,087 $2,250,320 $1,741,960 $508,360
2024 $2,552 $2,071,880 $1,741,960 $329,920
2023 $2,552 $849,810 $0 $0
2022 $2,251 $772,560 $609,690 $162,870
2021 $2,067 $772,560 $609,690 $162,870
2020 $2,022 $748,270 $609,690 $138,580
2019 $1,917 $748,270 $609,690 $138,580
2018 $1,806 $713,760 $610,800 $102,960
2017 $1,793 $713,760 $0 $0
2016 $1,818 $710,890 $0 $0
2015 $1,853 $710,890 $0 $0
2014 $1,740 $710,890 $0 $0
2013 -- $710,890 $610,800 $100,090
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 For Sale $6,500,000 +41.3% --
11/21/2023 11/21/23 Sold $4,600,000 -6.1% --
10/23/2023 10/23/23 Pending -- -- --
08/10/2023 08/10/23 Price Changed $4,900,000 -7.5% --
06/07/2023 06/07/23 Price Changed $5,300,000 -8.6% --
02/09/2023 02/09/23 Price Changed $5,800,000 -17.1% --
01/04/2023 01/04/23 For Sale $7,000,000 -- --
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $4,600,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,300,000 Balloon
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11832850

MIAMI REALTORS® MLS

APN: 51-42-17-00-0012