Furnished Condo with Water
For Sale
$430,000
777 N Ocean Dr S514, Hollywood, FL 33019
Fully furnished condo with water views and rooftop infinity pool.
Property Size730 SF
Days on Market111
Property Features for 777 N Ocean Dr S514
General Information
Standard status
Active
Size
730 SF
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$8,138
Building Details
Building Size
730 SF
Year Built
2018
Stories
6
Units
307
Listing Agency:
(786) 564-4310
Listed By:
Rogerio Silva · License #3237374
(786) 564-4310
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 11 at 8:31AM
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 Rogerio Silva
Investment Insights
Based on property information with market context.
This modern and stylish, fully furnished condo is perfect for investors interested in daily, weekly, or monthly rentals. It features an Italian leather couch and chairs, a comfortable queen-size bed with a superior mattress, and a European-design kitchen with cabinetry and appliances. The kitchen and bathrooms are equipped with quartz countertops, spacious showers, vanities, and towel service, including bathroom robes. Residents can enjoy water views from the rooftop infinity pool, as well as on-site bars, restaurants, a gourmet coffee shop, stores, and more. Complimentary valet parking is available, and the property is pet-friendly. The location is near the Promenade in Hollywood Beach, which features free concerts and numerous stores. The bike score is 71, indicating it is very bikeable. The walk score is 60, meaning it is somewhat walkable, and the transit score is 25, indicating some transit options are available.
Key Highlights
- Awesome location ideal for investors with daily, weekly, or monthly rental potential.
- Fully furnished with modern, stylish European design, including Italian leather furniture and a queen‑size bed with a superior mattress.
- Infinity pool with all‑around water views located on the roof.**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,168
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$243,360
$243.4K
Cap Rate 7%
$173,829
$173.8K
Cap Rate 9%
$135,200
$135.2K
Market Conditions
NOI Build-Up for 730 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$23.2K $31.80/SF
− Vacancy
−$1.1K −$1.49/SF
EGI
$22.1K $30.31/SF
− OpEx
−$10.0K −$13.64/SF
NOI
$12.2K $16.67/SF
Area
Hollywood, FL
Vacancy
4.70%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$243,360
Cap Rate 7%
$173,829
Cap Rate 9%
$135,200
Alternative Uses
Best Use
Apartment 5plus
$173.8K
$152.1K – $202.8K
NOI $12,168 @ 7.0% cap · market cap 2.83%
Second Best
Hotel Hospitality
$78.5K
$68.7K – $91.6K
NOI $5,493 @ 7.0% cap · market cap 1.28%
Theoretical Best
Office A
$285.6K
$249.9K – $333.2K
NOI $19,990 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
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?
Hotel - Fully furnished condo with water views and rooftop infinity pool.
Where is this hotel located?
The property is located at 777 N Ocean Dr S514 Hollywood, FL.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Awesome location ideal for investors with daily, weekly, or monthly rental potential.; Fully furnished with modern, stylish European design, including Italian leather furniture and a queen‑size bed with a superior mattress.; Infinity pool with all‑around water views located on the roof.**
