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Sandcastle By The Sea 505-513 S Ocean Dr 17 Unit Apartment Building $6,000,000 ($352,941/Unit) Hollywood, FL 33019
Executive Summary
One of the rarest investment gems on Hollywood Beach, an entire beach block end, next to Broadwalk!
-Multiple Lots Totaling Almost 18,000 SF
-Widest Water Views on Hollywood Beach
-Rarely Available Premium Square Footage in a Location Next to Hollywood Beach Broadwalk, Ranked 4th Best Beach in the Country by TripAdvisor
-17 Total Rental Units: (11) Large 1 Bedrooms, (5) Efficiencies, (1) Large 2 Bedroom w/Private Balcony Overlooking the Water
-14 Parking Spaces on the Property
Welcome to Sandcastle by the Sea Apartments, located just steps from the Hollywood Beach Broadwalk! This exceptional property sits on multiple lots of nearly 18,000SF, boasting stunning views of the widest intracoastal area along the beach. It occupies the entire end of a beach block with direct Broadwalk access, making it one of the rarest investment opportunities on Hollywood Beach. Featuring 17 total rental units, and 14 included parking spaces adding significant appeal, as on-site parking is scarce in the area.
Conveniently located just 10 minutes from Hollywood/Fort Lauderdale Airport and near the Hard Rock Casino and Miami Beach!
Immense upside potential, as the current original owners have not yet utilized vacation rental income and current market opportunity.
-Multiple Lots Totaling Almost 18,000 SF
-Widest Water Views on Hollywood Beach
-Rarely Available Premium Square Footage in a Location Next to Hollywood Beach Broadwalk, Ranked 4th Best Beach in the Country by TripAdvisor
-17 Total Rental Units: (11) Large 1 Bedrooms, (5) Efficiencies, (1) Large 2 Bedroom w/Private Balcony Overlooking the Water
-14 Parking Spaces on the Property
Welcome to Sandcastle by the Sea Apartments, located just steps from the Hollywood Beach Broadwalk! This exceptional property sits on multiple lots of nearly 18,000SF, boasting stunning views of the widest intracoastal area along the beach. It occupies the entire end of a beach block with direct Broadwalk access, making it one of the rarest investment opportunities on Hollywood Beach. Featuring 17 total rental units, and 14 included parking spaces adding significant appeal, as on-site parking is scarce in the area.
Conveniently located just 10 minutes from Hollywood/Fort Lauderdale Airport and near the Hard Rock Casino and Miami Beach!
Immense upside potential, as the current original owners have not yet utilized vacation rental income and current market opportunity.
Property Facts Under Contract
| Price | $6,000,000 | Building Class | B |
| Price Per Unit | $352,941 | Lot Size | 0.60 AC |
| Sale Type | Investment | Building Size | 16,495 SF |
| No. Units | 17 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | Parking Ratio | 0.85/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | BRT-25 | ||
| Price | $6,000,000 |
| Price Per Unit | $352,941 |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.60 AC |
| Building Size | 16,495 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 0.85/1,000 SF |
| Zoning | BRT-25 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer Hookup
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
| 1+1 | 4 | - | - |
| 1+2 | 7 | - | - |
| 2+2 | 1 | - | - |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $883,140 | |
| Land Assessment | $1,715,300 | Total Assessment | $2,598,440 |
Property Taxes
Parcel Numbers
Land Assessment
$1,715,300
Improvements Assessment
$883,140
Total Assessment
$2,598,440
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Presented by
Hollywood Diamond Realty, Inc.
Sandcastle By The Sea | 505-513 S Ocean Dr
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