720 N Federal Hwy Hollywood, FL 33020
Royal Poinciana NeighborhoodEstimated payment $36,075/month
About This Lot
This prime 170-unit development site on Federal Highway in Hollywood, FL, includes 720 N Federal Highway along with 1809, 1815, and 1819 Buchanan Street. Covering over 48,000 SF, the property offers excellent visibility and accessibility just off Young Circle. Zoned FH-2 with a 3.0 FAR, it allows for up to 14 stories and 144,000 SF of residential space. The recommended unit mix includes 119 one-bedrooms, 32 studios, and 19 two-bedrooms. With strong market demand, a high-density zoning designation, and a prime location on US-1, this site is ideal for rental or condo development, offering a rare and lucrative investment opportunity in South Florida.
Listing Agent
Fausto Commercial Realty Consultants Inc License #3574869 Listed on: 03/16/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $21,992
Lot Details
- 1.11 Acre Lot
- Property is zoned FH-2
Additional Features
- City Lot
- Phone Connected
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 514215018760
Map
Home Values in the Area
Average Home Value in this Area
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 | $21,992 | $998,800 | -- | -- |
| 2024 | $21,067 | $998,800 | -- | -- |
| 2023 | $21,067 | $825,460 | $0 | $0 |
| 2022 | $17,965 | $750,420 | $0 | $0 |
| 2021 | $15,725 | $682,200 | $0 | $0 |
| 2020 | $14,463 | $843,450 | $839,640 | $3,810 |
| 2019 | $13,162 | $738,500 | $734,690 | $3,810 |
| 2018 | $11,087 | $585,010 | $581,200 | $3,810 |
| 2017 | $10,511 | $465,970 | $0 | $0 |
| 2016 | $10,148 | $423,610 | $0 | $0 |
| 2015 | $8,400 | $385,100 | $0 | $0 |
| 2014 | $8,493 | $385,100 | $0 | $0 |
| 2013 | -- | $385,100 | $377,840 | $7,260 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/16/2025 03/16/25 | For Sale | $6,200,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,800,000 | Union Title Corporation |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $150,000 | New Conventional |
Source: MIAMI REALTORS® MLS
MLS Number: A11764592
APN: 51-42-15-01-8760
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