Hollywood real estate occupies a stretch of Broward County between Fort Lauderdale and Miami, offering buyers Atlantic Ocean beach access through the famous Hollywood Broadwalk alongside a more affordable price profile than either neighboring city. Median home prices run around $490,000, with single-family homes in neighborhoods like Hollywood Hills, West Hollywood, and South Lake trading from $420,000 to $800,000. Condos along Hollywood Beach represent the most active segment, with units ranging from $300,000 to over $1 million for oceanfront properties.
Beach condos, HOA fees, and financing in Hollywood
Hollywood Beach condos carry HOA fees ranging from $600 to $1,800 per month, reflecting the cost of oceanfront building maintenance, reserves under the new Florida condo législation, and amenities. Buyers of condos in buildings constructed before 1992 should carefully review the reserve study and any pending spécial assessments under Florida SB 4D. Jumbo loans are required for upper-tier single-family and condo purchases. FHA financing is applicable at the lower end of the Hollywood condo and single-family market. Florida homeowners insurance averages $3,500-$6,000 annually in Broward County.
Investors find Hollywood attractive for vacation rental income from the Broadwalk area, where short-term rentals are permitted in certain zones and summer occupancy runs very high. Long-term rentals on single-family homes deliver cap rates of 3.5-4.5%, supported by steady demand from Fort Lauderdale and Miami commuters who prefer Hollywood pricing. Broward County property taxes run approximately 1.0-1.2% of assessed value. The ongoing transformation of the Young Circle Arts District and downtown Hollywood corridor adds long-term appreciation support to properties in the urban core.
