# 2531 Pierce Street, Hollywood, FL 33020

> **TL;DR:** land, $697,500. Est. $3,023/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $697,500 |
| Lot Size | 15,246 sqft (0.35 acres) |
| Property Type | Land (Other) |
| Status | For Sale |
| Days on Market | 2 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,023 |
| **Total** | **$3,023** |

## Nearby Schools

- **Elementary:** Oakridge
- **Middle:** Olsen
- **High:** South Broward

## Property Highlights

- 0.35 acre lot

## Description

### Agent Description
Rare opportunity to acquire income producing 3/2 home w/in-law suite & additional development capacity, walking distance from library, parks & Downtown Hollywood, at over 20% below market value. Keep the existing home & add 8 (2 bedroom) units for 9 units total. Included site plan shows layout, parking & access. Meeting with city has been held; feasibility & zoning compliance confirmed. Land comps:$50k per (mostly 1 bed) unit sold, $58k-$101k per (mostly 1 bed) unit active. 3/2 house comps:$499k-$679k active, $410k-$580k sold. Subject property: 3/2 house + 8 (2 bedroom) units buildable land; market value ~$900k. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. Build cost:~$1.5M. All in:~$2.2M Projected value:$3M+ = ~$1M equity. Potential ~10% cap. Opportunity zone. Seller will finance

## Location

- **Address:** 2531 Pierce Street, Hollywood, FL 33020
- **County:** Broward
- **Neighborhood:** HOLLYWOOD LITTLE RANCHES
- **Coordinates:** 26.016414, -80.158484
- **Google Maps:** https://www.google.com/maps?q=26.016414,-80.158484

## Virtual Tour & Media

- **Video Tour:** https://www.propertypanorama.com/2531-Pierce-Street-Hollywood-FL-33020--B26036934/unbranded

## Listing Agent

- **Name:** Michael J Sheer
- **Brokerage:** United Realty Group Inc.
- **Phone:** 9549936664
- **Email:** MikeSheerRealtor@gmail.com

## Primary Photo

![2531 Pierce Street - Primary Photo](http://lh.rdcpix.com/c7faba23de919c52b86625b67d20e056l-f696514499r.jpg)

*37 total photos available on [listing page](https://www.propertysimple.com/listing/2531-pierce-street-hollywood-fl-33020-26036934)*

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**MLS#:** B26036934 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/2531-pierce-street-hollywood-fl-33020-26036934)

---

## Structured Data

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  "name": "2531 Pierce Street, Hollywood, FL 33020",
  "description": "Rare opportunity to acquire income producing 3/2 home w/in-law suite & additional development capacity, walking distance from library, parks & Downtown Hollywood, at over 20% below market value. Keep the existing home & add 8 (2 bedroom) units for 9 units total. Included site plan shows layout, parking & access. Meeting with city has been held; feasibility & zoning compliance confirmed. Land comps:$50k per (mostly 1 bed) unit sold, $58k-$101k per (mostly 1 bed) unit active. 3/2 house comps:$499k",
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  "datePosted": "2026-06-18",
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