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2040 Polk Street, Hollywood FL 33020

House For Sale
$1,799,000

BTC: 29.78476821

ETH: 1,128.11894475

6 days
7 bds
2 ba
3,040 sqft

Overview

Exceptional mixed-use redevelopment opportunity in the heart of Downtown Hollywood, Florida! Situated on a highly visible corner lot, this property is currently operating as a successful income-producing Airbnb and wellness spa, offering immediate cash flow while planning for future development. Zoned ND-3, this premier site allows for a wide variety of residential, commercial, office, hospitality, and mixed-use applications, with the potential to develop up to 10 stories. Located just steps from vibrant Hollywood Boulevard and surrounded by new development, restaurants, retail, entertainment, and luxury residential projects, this property sits in one of the fastest-growing and most dynamic corridors in Broward County. The area continues to experience significant investment and redevelopment, making this a rare opportunity for investors, developers, and owner-users alike. Ideal for a luxury residential tower, boutique mixed-use development, medical office, wellness center, law firm headquarters, professional office building, boutique hotel, or continued hospitality and spa operation. The corner location provides excellent visibility, accessibility, and long-term appreciation potential. Whether you're seeking an income-producing asset today or a strategic land acquisition for tomorrow's development, this property offers the flexibility, zoning, and location that sophisticated investors and developers are looking for. Some photos are virtual renderings.

Location

Details

Type:
Residential
Parking:
2 Or More Spaces / Open / On Street
Year Built:
1945
Lot:
0.11 Acres
Heating:
Central
Price/sqft:
$592
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,799,000
$1.0M – $3.0M
Confidence Low
List vs. estimate
At estimate
List $1,799,000 · +0.0%
List is in line with recent comparable activity.
Price per sq ft
$591
+35.3% vs. city median $437
Based on
7 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$14,478
2025
Parking
4 spaces
Furnished
Furnished,Furniture Only
Pets
Allowed
All facts and features
  • Flooring

    • Tile

    • Wood

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Microwave

    • Refrigerator

    Other interior features

    • No Interior Features

    • Pantry

    Bedrooms and bathrooms

    • Bedrooms: 7

    • Full bathrooms: 2

  • Parking

    • 2 Or More Spaces

    • Open

    • On Street

    Property

    • Levels: 1

    Lot

    • Lot: 0.11 Acres

    Other Property Information

    • Parcel Number: 514215011690

    • Zoning: ND-3

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Connected

    • Cable Available

    • Electricity Available

    • Phone Available

  • Other financial information

    • Annual tax amount: $14,478

  • Source details

    • MLS ID: B26045526

    Other facts

    • Construction Materials: Concrete Block Construction / Stucco

    • Lot Features: Less Than 1/4 Acre Lot / Less Than 1 Acre

    • Direction Faces: West

    • Other Structures: Livable

    • Architectural Style: One Story

    • Living Area: 3040

    • Water Source: Public

    • Subdivision Name: Downtown Hollywood

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Signature International RE