Building Details

Building Size 730 SF

Year Built 2018

Stories 6

Units 307

Listed By: Rogerio Silva · License #3237374 Show Phone

Source: Elliman

Added: Apr 24 Changed: Oct 25 Last Checked: Oct 24 at 7:11PM

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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

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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 / Yr

$12,168

Cap Rate

3.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$243,360 $243.4K

Cap Rate 7%

$173,829 $173.8K

Cap Rate 9%

$135,200 $135.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 730 SF

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 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 (±1% cap)

NOI $12,168 @ 7.0% cap · market cap 3.05%

Second Best

Hotel Hospitality

$78.5K

$68.7K – $91.6K (±1% cap)

NOI $5,493 @ 7.0% cap · market cap 1.38%

Theoretical Best

Office A

$285.6K

$249.9K – $333.2K (±1% cap)

NOI $19,990 @ 7.0% cap · market cap 5.01%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

LibertyX Bitcoin ATM Atm Sunset Club | Rooftop ... Bar & Pub Castro Dumpster Services Waste Management Facility Hollywood Beach Condo ... Hotel & Motel Cielo Stays Vacation Rental

Suggested Use

Top Pick Dental Office Hair Salon Nail Salon Law Firm Spa & Massage Center Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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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 $399,000.

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.**