2040 Polk Street, Hollywood, FL 33020

7 bed · 2 bath · 3,040 sqft · Built 1945

Exceptional mixed-use redevelopment opportunity in the heart of Downtown Hollywood, Florida! Situated on a highly visible corner lot, this property is currently operating as a successful income-producing Airbnb and wellness spa, offering immediate cash flow while planning for future development. Zoned ND-3, this premier site allows for a wide variety of residential, commercial, office, hospitality, and mixed-use applications, with the potential to develop up to 10 stories. Located just steps from vibrant Hollywood Boulevard and surrounded by new development, restaurants, retail, entertainment, and luxury residential projects, this property sits in one of the fastest-growing and most dynamic corridors in Broward County. The area continues to experience significant investment and redevelopment, making this a rare opportunity for investors, developers, and owner-users alike. Ideal for a luxury residential tower, boutique mixed-use development, medical office, wellness center, law firm headquarters, professional office building, boutique hotel, or continued hospitality and spa operation. The corner location provides excellent visibility, accessibility, and long-term appreciation potential. Whether you're seeking an income-producing asset today or a strategic land acquisition for tomorrow's development, this property offers the flexibility, zoning, and location that sophisticated investors and developers are looking for. Some photos are virtual renderings.

Property type

SingleFamilyResidence

Condition

Resale

Year built

1945

Stories

1

Roof

Shingle

Subdivision

Downtown Hollywood

Waterfront

No

Private pool

No

Parcel number

514215011690

Annual tax

$14,478

County just value

$685,960

Hollywood spans Hollywood Beach's boardwalk to the Intracoastal east of US-1. East Hollywood holds historic cottages near the water; west sits closer to Pembroke Pines value.