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356 Balboa Street, Hollywood FL 33019 - Duplex on Corner Lot

Duplex on a large corner lot near ocean and Intracoastal in Hollywood, FL. Zoned residential/multifamily with development potential.

$2,899,000

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MLS #F10472199

Listing Updated: 2026-07-15 18:36:51

Listed By: Hot Tropic Properties

Overview

This residential income duplex at 356 Balboa Street in Hollywood, Florida, offers a unique opportunity for investors and developers. Situated on a sizable corner lot encompassing three combined parcels totaling 8,941 square feet, the property is just yards from both the ocean and the Intracoastal Waterway. Built in 1953, the 1,508 square foot duplex is currently rented on a month-to-month basis, providing immediate occupancy flexibility. Zoned for residential and multifamily use, the site allows for new construction of up to four units, with potential for six pending city approval. Buyers can consider keeping the lots together or subdividing them to suit development goals.

Property Highlights

Corner lot with 3 combined parcels totaling 8,941 sqft; 1,508 sqft duplex built in 1953; Zoned residential/multifamily; Near ocean and Intracoastal; Approved for 4 units, potential for 6; Month-to-month rental occupancy.

Property Details

City: Hollywood

State: FL

Zip Code: 33019

Address: 356 Balboa Street, Hollywood FL 33019

Year Built: 1953

Property Type: Residential Income

Property Sub Type: Duplex

Listing Office Name: Hot Tropic Properties

County: Broward County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $10,680

Days On Market: 564 Days

Original Listing Description

Great opportunity for investors and developers in the North Beach area of Hollywood. This corner lot property is 3 lots owned by one owner. (8,941 square feet). Just yards away from the Ocean and the Intracoastal and ready for development. May keep together or subdivide. Currently holds a 1,508 square foot duplex built in 1953 and rented on a month to month basis. The property is zoned for residential/multifamily so build a luxury dream home or multi family to rent or sell. City told owner it is approved to build for 4 units, may be potential for 6. Buyer must verify with City.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

356 Balboa Street, Hollywood FL 33019

About This Neighborhood

Located in the North Beach area of Hollywood, this property benefits from proximity to both the Atlantic Ocean and the Intracoastal Waterway. The neighborhood features a mix of residential and multifamily homes, with convenient access to local shops, dining, and recreational waterfront areas. Its coastal setting offers a relaxed atmosphere while maintaining urban conveniences. The community is known for its accessibility to beaches and outdoor activities, making it attractive for residents and visitors alike.

Walkability & Lifestyle

The location offers good walkability with nearby restaurants, shops, and recreational spots within easy reach. Residents can enjoy coastal walks, access to beaches, and proximity to the Intracoastal Waterway for boating and outdoor activities. The neighborhood's layout supports daily convenience, combining residential comfort with access to lifestyle amenities. Walking or biking to local venues enhances the quality of life in this coastal community.

Things To Do Nearby

Hollywood’s North Beach area provides diverse recreational opportunities including beach activities, boating on the Intracoastal Waterway, and dining at local waterfront restaurants. Nearby parks and outdoor spaces offer venues for leisure and fitness. The community hosts cultural events and nightlife options that cater to a variety of interests. Golf courses and marinas are also accessible, enriching the lifestyle for residents and visitors.

Nearby Schools

Residents in this area of Hollywood have access to a range of educational institutions within reasonable commuting distance. The neighborhood supports convenient access to public and private schools serving various grade levels. Families benefit from the area's community resources and transportation options that facilitate school commutes. Prospective buyers can explore local school options to find suitable educational environments.

Why Buyers Like This Area

Buyers appreciate this area for its blend of coastal living and urban convenience. The proximity to beaches and the Intracoastal Waterway enhances lifestyle appeal, while the multifamily zoning offers development flexibility. The neighborhood’s established community, combined with access to amenities and transportation, makes it attractive for both homeowners and investors. The potential to develop or subdivide the property adds to its desirability.

Investment Potential

This Hollywood duplex offers promising potential for investors interested in residential income properties. Its location near the ocean and Intracoastal Waterway attracts tenants seeking coastal living. Zoned for multifamily use, the property provides flexibility for redevelopment or expansion, appealing to those looking to build additional units. The month-to-month rental arrangement allows for adaptable occupancy during planning or transition phases. Buyers should verify city approvals for unit expansion but can benefit from the property's large corner lot and desirable location.

Market Trends

Hollywood's real estate market remains appealing due to its coastal location and diverse housing options. Properties zoned for multifamily use, like this duplex, are in demand as buyers seek flexible living arrangements and development opportunities. Inventory in desirable neighborhoods near the water tends to attract steady interest from both local and out-of-state buyers. Long-term market trends indicate sustained appeal for properties that combine location with redevelopment potential.

Rental Income Potential

The property's current month-to-month rental status offers flexibility for owners considering rental income. Its location near popular coastal areas supports strong tenant interest, particularly from those seeking proximity to beaches and waterfront amenities. Seasonal demand may influence rental activity, with peak periods attracting higher occupancy. The multifamily zoning enhances the property's appeal for rental use or future redevelopment into multiple units to increase rental capacity.