1201 S Ocean Dr 1105N, Hollywood, FL 33019 — MLS photo

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1201 S Ocean Dr 1105N, Hollywood, FL 33019

Active · Condominium

$750,000

1201 S Ocean Dr 1105N, Hollywood, FL 33019

Beds
2
Baths
2
Living area
1,570 sq ft
$ / sq ft
$478/sq ft
Year built
1982
Lot size
—
HOA fee
$4,914
Annual tax
—

About this property

Wake up to breathtaking ocean, Intracoastal, and pool views from this beautifully renovated 2-bedroom, 2-bath residence in The Summit, one of Hollywood Beach's premier oceanfront communities. This move-in-ready unit features a bright, open layout, an eat-in kitchen, and a spacious private balcony perfect for enjoying South Florida's coastal lifestyle. The desirable split-bedroom floor plan offer two spacious primary suites with walk-in closets and ensuite baths. Additional features include impact windows, abundant natural light, and an in-unit washer and dryer. Residents enjoy an exceptional resort-style amenity package, including two heated saltwater pools, tennis courts, fitness center, game rooms, basketball courts, a private restaurant, and direct beach access. Covered parking and additional storage are also included. Ideally located on the world-famous Hollywood Broadwalk, just steps from restaurants, shopping, and entertainment. A rare opportunity to own a turnkey beachfront residence, vacation retreat, or investment property in one of South Florida's most desirable oceanfront locations. The unit is currently tenant-occupied, providing immediate rental income for investor or future personal use. All furniture and TVs currently located on the Property are included in the Purchase Price.The special assessment has already paid and there is no outstanding balance.

Property location

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1201 S Ocean Dr 1105N, Hollywood, FL 33019

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,570 sq ft

Exterior & Structure

Property type
Condominium
Year built
1982

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$4,914
County
Broward
MLS listing ID
A12029647
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$5,694

Cap rate
-3.4%
Net yield
-3.4%
Cash-on-cash return
-32.5%
Gross yield
7.8%
Mortgage payment
$3,555/mo
Down payment
$187,500
Loan amount
$562,500
Annual NOI
-$25,667

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.