600′ on the Intracoastal across from Bulkhead in Hollywood South Central Beach (voted #4 best beach in USA by Traveler’s choice, Trip Advisor). Measurements are provided by seller. Survey available. Currently there are state funds to assess if cleanup from 1994 is still needed, current monitoring sells on site. No cost to owner. Seawalls in Hollywood need to be raised 12-18″ to adjust for localized flooding. Majority of City Hollywood Beach CRA improvements have been completed including street widening, customized sidewalks, underground utilities, etc. Parallel dockage for owner possible. Property transfers as is. Owner financing is an option. Currently parking lot leased. 2024 NOI $225k approx. $86K gross from 3 rentals. Boat dock income not included.
Property Details
Price:
$8,500,000
MLS #:
A11726423
Status:
Active
Beds:
0
Baths:
0
Address:
1318 N Ocean Dr
Type:
Single Family
Subtype:
Dockominium
Subdivision:
HOLLYWOOD BEACH FIRST ADD
Neighborhood:
hollywoodbeachfirstadd
City:
Hollywood
Listed Date:
Jan 16, 2025
State:
FL
ZIP:
33019
Lot Size:
36,591 sqft / 0.95 acres (approx)
Schools
Interior
Exterior
Other Structures
Livable, Utility Building
Financial
Tax Year
2024
Taxes
$85,722
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