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    315 Taylor St Hollywood, FL 33019

    For Sale
    $3,700,000

    Prime beachfront hotel, strong income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional two-story hotel, built in 1957, is ideally situated on 315 Taylor St, Hollywood, Florida, 33019, in Broward County. Priced at $3,700,000, this property offers a compelling investment opportunity. The hotel boasts a prime location, just steps from the renowned Hollywood Boardwalk and the ocean, ensuring high occupancy rates and strong revenue generation. Currently operating as the Tropic Isle hotel and apartment online, it benefits from bookings through major platforms like Booking.com, Airbnb, and Expedia, along with a loyal base of repeat customers. The property comprises eight studio apartments and two one-bedroom apartments, each with two bathrooms, providing a total of ten rental units. Eight parking spaces are available for guests and residents. The hotel enjoys excellent client reviews, reflecting its quality and service. Its strategic location behind Mamacita and a few blocks from Margaritaville further enhances its appeal and potential for continued success. A potential combined purchase opportunity with the adjacent property at 339 Taylor St is also available. This presents a unique chance to acquire a significant beachfront hospitality asset in a thriving tourist destination.

    Property Features for 315 Taylor St

    General Information

    Property type
    Hotels

    Building Details

    Year Built
    1957
    Buildings
    1
    Stories
    2

    HighLights

    • $3,700,000 asking price.
    • Hospitality property, Hotel subtype.
    • 1957 construction, two‑story building.
    • Hollywood, FL location, 315 Taylor St, 33019.
    • Strong rental income from online bookings (Booking.com, Airbnb, Expedia) and repeat clientele.
    • Ten units: eight studios and two one‑bedroom apartments, each with two bathrooms. Eight parking spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tropic Isle Hotel ... Hotel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1161354
    Latitude
    26.0151608

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    FAQs

    What type of property is this?
    Hotel - Prime beachfront hotel, strong income.
    Where is this hotel located?
    The property is located at 315 Taylor St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $3,700,000.
    What are key features of this property?
    This property features: $3,700,000 asking price.; Hospitality property, Hotel subtype.; 1957 construction, two-story building.
    Request Owner's contact information
    315 Taylor St Hollywood, FL 33019
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    Hollywood, FL 33019
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    315 Taylor St Hollywood, FL 33019
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