This truly dynamic development site is “shovel-ready” and has complete approvals in place for a boutique 90- unit development spread over 2 distinct buildings. The Midtown 1 and 2 luxury development project consists of 2 separate 4-story buildings (45 units each) with surface parking located directly adjacent to the property. The prospective buyer will be able to assume the approved plans & begin the permitting process immediately. The properties currently receive over $11,000 in income with month-to-month tenants providing ample revenue until construction begins.
Directions: Situated in close proximity to major highways & transportation hubs, making it an ideal location for residents looking for convenient access to the region’s major metropolitan areas such as Miami and Fort Lauderdale.
Price Information
Listing Price Info
Price Summary:
List Price: $4,450,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Hollywood, FL.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$22.2K
Per Month
Principal & Interest
$22.2K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$13.4K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Boulevard Heights Elementary School
7201 Johnson St
Distance between this listing and this school0.61 miles
Public District Grades PK-5
8
/10
Hollywood Park Elementary School
901 N 69th Way
Distance between this listing and this school0.92 miles
Public District Grades KG-5
5
/10
Pembroke Pines Elementary School
6700 SW 9th St
Distance between this listing and this school1.32 miles
Public District Grades KG-5
Nearby Schools
4
/10
Apollo Middle School
6800 Arthur St
Distance between this listing and this school1.07 miles
Public Magnet Grades 6-8
3
/10
Pines Middle School
200 N Douglas Rd
Distance between this listing and this school1.64 miles
Public District Grades 6-8
4
/10
Driftwood Middle School
2751 N 70th Ter
Distance between this listing and this school1.75 miles
Public Magnet Grades 6-8
Nearby Schools
2
/10
Broward Youth Treatment Center
8301 S Palm Dr
Distance between this listing and this school1.20 miles
Public District Grades 6-12
3
/10
McArthur High School
6501 Hollywood Blvd
Distance between this listing and this school1.41 miles
Public District Grades 9-12
5
/10
International School of Broward
3100 N 75th Ave
Distance between this listing and this school1.76 miles
The neighbors living near this home have an average income of $67,418. Residents of Hollywood, FL typically earn between $35k-100k each year. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2720-2723-2741-2742 Polk St
What is the listing price of this property?
The listing price of 2720-2723-2741-2742 Polk St property is $4,450,000.
What type of property is this?
The property 2720-2723-2741-2742 Polk St is land located in Hollywood, Florida, 33020.
Is this property for sale now?
Active Listing: 2720-2723-2741-2742 Polk St is For Sale (Active/New) which means the seller is accepting offers.
How much acreage is this property?
The property 2720-2723-2741-2742 Polk St is 1.38 acres.
Interested in 2720-2723-2741-2742 Polk St? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 2720-2723-2741-2742 Polk St in Hollywood, FL and zip code 33020 in the Boulevard Heights neighborhood. This home sits on a 1.38 acre lot. It has been listed on Rocket Homes since September 10, 2024 and is currently priced at $4,450,000.
While more than 8 listings in Hollywood, FL in October 2024 were sold above asking price, there were more than 9 listings sold at asking price, and more than 82 were sold below. The number of listings in Hollywood, FL increased by 9.3% between September 2024 and October 2024. In October 2024, listings were on the market for 75 days. During the same period, the median list price in this real estate market was $485,000.
From Rocket Homes Real Estate and based on county public records data.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Pro Boxing
Pro Boxing
Tennis
Music Concerts
IKEA
Crate & Barrel
H&M
Quiznos
Starbucks
Chipotle
Lexus
BMW
Volkswagen
Soft Adult Contemporary
News