Corner Lot Duplex Development
For Sale
$2,899,000
356 Balboa Street, Hollywood, FL 33019
Corner lot offers a mid-century duplex plus zoning for residential or multifamily development.
Property Size1,508 SF
Lot Size0.21 Acres
Price / SF$1,922
Days on Market603
Property Features for 356 Balboa Street
General Information
Standard status
Active
Size
1,508 SF
Lot size
0.21 Acres
Property subtype
Lots/Land
Zoning
residential/multifamily
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,680
Building Details
Year Built
1953
Listing Agency:
Hot Tropic Properties
(954) 249-9888
Listed By:
Christina A Picanza · License #0646616
(954) 249-9888
Source:
Exitrealty
Added: Dec 17, 2024
Changed: Aug 8
Last Checked: Jul 16 at 5:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hot Tropic Properties
Investment Insights
Based on property information with market context.
This corner lot property combines three lots under one owner and totals 8,941 square feet. It currently includes a 1,508 square foot duplex built in 1953, rented on a month-to-month basis. The seller notes the site is zoned for residential/multifamily use and may be kept together or subdivided.
The property is described as being just yards away from the ocean and the Intracoastal. The City told the owner it is approved for 4 units, with the possibility of up to 6, subject to buyer verification.
For buyers and developers, the existing duplex provides immediate rental income while the zoning and unit approvals support additional residential development options, pending confirmation during the buyer’s due diligence.
The property is described as being just yards away from the ocean and the Intracoastal. The City told the owner it is approved for 4 units, with the possibility of up to 6, subject to buyer verification.
For buyers and developers, the existing duplex provides immediate rental income while the zoning and unit approvals support additional residential development options, pending confirmation during the buyer’s due diligence.
Key Highlights
- 8,941 SF corner lot made up of 3 lots under one ownership in Hollywood’s North Beach area
- Existing 1,508 SF duplex built in 1953, rented month‑to‑month
- Zoned for residential/multifamily with City input suggesting approval for 4 units (possibly up to 6—buyer to verify)
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Explore this area
Business Placement
Demographics for 33019, FL
15,497
Population
12,453
Households
1.2
Avg Household Size
55
Median Age
60%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
4,188
Density / Sq Mi
$94,824
Median Household Income
$59,226
Median Earnings
$1,983
Median Rent
$631,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Corner lot offers a mid-century duplex plus zoning for residential or multifamily development.
Where is this duplex located?
The property is located at 356 Balboa Street Hollywood, FL.
What is the asking price?
The asking price for this property is $2,899,000.
What are key features of this property?
This property features: 8,941 SF corner lot made up of 3 lots under one ownership in Hollywood’s North Beach area; Existing 1,508 SF duplex built in 1953, rented month‑to‑month; Zoned for residential/multifamily with City input suggesting approval for 4 units (possibly up to 6—buyer to verify)
