Beachside Apartment Building with Water
For Sale
Contact for pricing
Pending
609 S Ocean Dr, Hollywood, FL 33019
Operating short-term rental property with BRT-25-R zoning and redevelopment plans.
Property SizeContact for details
Days on Market142
Property Features for 609 S Ocean Dr
General Information
Standard status
Pending
Property subtype
Multifamily
Zoning
BRT-25-R
Additional Details
Cap Rate
10%
Listing Agency:
Royal Empire Realty, LLC
(305) 308-5870
Listed By:
Ilona Antonova · License #3449349
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 3:54AM
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 Royal Empire Realty, LLC
Investment Insights
Based on property information with market context.
This apartment property is currently operated as an Airbnb and is described as functioning within a hotel/multifamily format. The asset supports either short-term or long-term rental use, with reported operations reflecting a 10% CAP rate. Existing views extend toward the Intracoastal, Southlake, and ocean, while the property is positioned steps from the beach.
Zoned BRT-25-R Beach Resort Residential District, the site includes completed plans for 16 boutique apartments under current zoning and setbacks, without reliance on variances or exceptions. The proposed concept includes rooftop entertainment space and ground-level parking. Financial information is available for due diligence, with buyer verification required.
Zoned BRT-25-R Beach Resort Residential District, the site includes completed plans for 16 boutique apartments under current zoning and setbacks, without reliance on variances or exceptions. The proposed concept includes rooftop entertainment space and ground-level parking. Financial information is available for due diligence, with buyer verification required.
Key Highlights
- Currently operated as an Airbnb with short‑term or long‑term rental potential
- Reported 10% CAP rate based on the listing price and owner information
- Intracoastal, Southlake, and ocean views
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
675
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?
Apartment building - Operating short-term rental property with BRT-25-R zoning and redevelopment plans.
Where is this apartment building located?
The property is located at 609 S Ocean Dr Hollywood, FL.
What are key features of this property?
This property features: Currently operated as an Airbnb with short‑term or long‑term rental potential; Reported 10% CAP rate based on the listing price and owner information; Intracoastal, Southlake, and ocean views
