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0 Baths

$3,200,000

318 Walnut Street, Hollywood FL, 33019

Built in1959
Property typeMulti-family

Overview

Active

Listed Oct 6, 2026

Updated 18h ago

Rare opportunity to acquire a boutique 7-unit multifamily property a short walk from the beach in Hollywood's desirable North Beach neighborhood. Currently operating as a short-term rental portfolio with city and state licenses in place, this property offers exceptional flexibility — continue the turnkey hospitality operation, convert to long-term rentals, or pursue future redevelopment.Property Features: 7 units, all 1-bedroom/1-bathroom layouts, all rehabbed in 2023 with NEW ROOF. One-story building with on-site parking on 6,291 SF lot (0.15 acres). . Zoned NBBD-DZ, offering potential redevelopment opportunities (buyer to verify).Prime Location — a short walk to Hollywood Beach, the Broadwalk, the Intracoastal Waterway, plus restaurants, cafes, shopping, and entertainment.Investment Highlights: priced at land value; rental income is buyer upside. Operating short-term rental business with licenses in place. Ideal for boutique hospitality, vacation rentals (subject to local regulations), or a long-term multifamily hold. Redevelopment potential under current zoning — strong potential for 3 townhomes (buyer to verify with the city). The surrounding neighborhood continues to experience significant redevelopment, with luxury residential and boutique hospitality projects driving long-term appreciation. Buyer to verify all information.

$21,290/mo

Est. mortgage payment based on a $3,200,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$32,461
Tax Frequency
Annually

Listed with Pink Miami Real Estate

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Data last updated 5:27 AM UTC, 10/7/2026

 

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