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356 Balboa Street, Hollywood FL 33019 - Land for Sale

Corner lot with 3 combined parcels near ocean and Intracoastal in Hollywood, zoned residential/multifamily with existing duplex.

$2,899,000

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MLS #F10472170

Listing Updated: 2026-07-15 18:36:50

Listed By: Hot Tropic Properties

Overview

This unique property at 356 Balboa Street offers a rare opportunity in Hollywood’s North Beach area. The 8,941 sqft corner lot combines three parcels under one owner, providing flexibility for development. Currently, a 1,508 sqft duplex built in 1953 sits on the land and is rented on a month-to-month basis. Zoned for residential and multifamily use, the site allows for building a luxury home or multiple units. The city has approved four units, with potential for six, subject to buyer verification. Its proximity to both the ocean and the Intracoastal Waterway enhances its appeal for developers and investors looking to capitalize on Hollywood’s desirable coastal location.

Property Highlights

8,941 sqft corner lot combining three parcels; Zoned residential/multifamily; Existing 1,508 sqft duplex; Close to ocean and Intracoastal; Approved for 4 units, possibly 6; Located in Hollywood North Beach area.

Property Details

City: Hollywood

State: FL

Zip Code: 33019

Address: 356 Balboa Street, Hollywood FL 33019

Year Built:

Property Type: Land/Boat Docks

Property Sub Type: Agriculture

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 put together under one owner. (8,941 square feet) . Potential to keept ogether or subdivide. Just yards away from the Ocean and the Intracoastal and ready for development. 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 for 4 units, possibly 6 but up to Buyer to verify.

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 Hollywood’s North Beach area, this property benefits from a coastal neighborhood atmosphere with easy access to the ocean and Intracoastal Waterway. The community offers a mix of residential homes and multifamily developments, appealing to a diverse group of residents. Nearby amenities include beaches, parks, and local shops, contributing to a balanced lifestyle. The neighborhood’s proximity to major roads and entertainment venues enhances convenience while maintaining a relaxed coastal vibe.

Walkability & Lifestyle

This property is situated within walking distance to beaches and waterfront areas, offering a lifestyle that supports outdoor activities and relaxation. Nearby shopping, dining, and entertainment options contribute to daily convenience and leisure. The neighborhood’s walkability is enhanced by parks and recreational spaces, making it easy for residents to enjoy coastal living without relying heavily on transportation.

Things To Do Nearby

Residents and visitors can enjoy a variety of activities in the North Beach area of Hollywood. From beach outings and boating on the Intracoastal Waterway to dining at local restaurants, the location supports an active lifestyle. Nearby parks and cultural venues offer additional recreation options. The area’s access to marinas and golf courses further enriches the range of leisure pursuits available.

Nearby Schools

The Hollywood area offers access to a range of educational institutions suitable for families and residents. Local schools provide convenient options for primary and secondary education, contributing to the neighborhood’s appeal. Proximity to schools enhances the desirability of residential developments in this area, making it suitable for buyers seeking family-friendly environments.

Why Buyers Like This Area

Buyers appreciate this property for its prime corner location near both the ocean and Intracoastal Waterway, offering unique development opportunities. The flexibility of zoning for multifamily use appeals to those interested in building luxury homes or rental units. The neighborhood’s coastal charm, combined with convenient access to amenities and transportation, makes it attractive for a variety of buyers including developers, investors, and those relocating to the area.

Investment Potential

This property’s location near the ocean and Intracoastal Waterway in Hollywood offers strong appeal for developers and investors. The combined three lots totaling 8,941 sqft provide flexibility to build multiple residential units or a luxury home. Zoned for multifamily use, the site has city approval for four units with potential for six, subject to buyer verification. The existing duplex generates month-to-month rental income, adding interim cash flow potential. Seasonal demand and Hollywood’s coastal desirability make this lot attractive for those seeking to develop or hold property in a sought-after area.

Market Trends

Hollywood’s real estate market continues to attract interest due to its coastal location and lifestyle amenities. Land parcels zoned for multifamily use are particularly sought after, given the demand for housing near the beach and waterways. Inventory remains limited for corner lots with development potential, making this property notable. Buyers are drawn to areas offering flexibility in building options and proximity to recreational and urban conveniences, which supports steady long-term market interest.

Rental Income Potential

The existing duplex on the property is currently rented on a month-to-month basis, providing immediate rental income potential. Given the location near popular beaches and waterways, the area attracts tenants interested in seasonal and long-term rentals. Multifamily zoning allows for development of additional units, which could increase rental capacity. While rental income can vary, the property’s location and zoning support strong tenant interest and usability for rental purposes.