- MLS® #: A11989396
- 2242 Monroe Street
- Hollywood, FL 33020
- $1,995,000
- 0.35 Acres
- Land
We are excited to present a rare development opportunity lot in the heart of Hollywood. This DH-2 zoned site is shovel-ready, with approved plans and permits for a 4-story, 27-unit multi-family building. The project comes with approved Plans and the Permit! With conventional financing, an investor could achieve:• Equity Multiple: 1.88x;• Net Investment Return: 88%.The development plan includes:• Spacious 1, 2, and 3-bedroom units;• Rooftop deck with open-air pool;• Green space amenity with sun deck, BBQ area, and lounge zone;• Fitness center;• 34 covered parking spaces plus bicycle parking.Project and plans include 27 units total: 23 units with 1 bed/1.1 bath, 3 units with 2 bed/2 bath and 1 unit with 3 bed/3 bath.The site is just a 10-minute walk from Young Circle and an 8-minute drive to Hollywood Beach, offering excellent access to restaurants, arts, and transit.Project highlights:• Approved construction plans available;• Full geotechnical investigation completed;• Zoning and permitting confirmed for immediate build-out.Close with the permit in hand and start construction the next day! • Hollywood is booming with over $1.5B in real estate development surrounding Young Circle;• Rapidly growing rental market with new leases surpassing $3/SQFT;• New construction condo sales exceeding $700/SQFT;• Located in a well-established residential community surrounded by homes valued up to $7M+ ;• Strong local school district and family-friendly amenities;• Steady home price growth for 12 consecutive years;• With conventional financing, an investor could achieve: Equity Multiple: 1.88x & Net Investment Return: 88%;• Home values in Florida have surged by 164% over the past decade - jumping from an average of $144,464 in 2013 to $381,922 in 2023.
View Virtual TourEssential Information
- MLS® #A11989396
- Price$1,995,000
- CAD Dollar$2,802,442
- UK Pound£1,474,165
- Euro€1,739,640
- Acres0.35
- TypeLand
- Sub-TypeUnimproved Land
- StatusActive
- HOPANo Hopa
Community Information
- Address2242 Monroe Street
- Area3050
- SubdivisionHOLLYWOOD LITTLE RANCHES
- CityHollywood
- CountyBroward
- StateFL
- Zip Code33020
School Information
- ElementaryColbert
- HighSouth Broward
- Office: Trybal Group Llc
Property Location
2242 Monroe Street on www.jupiteroceanfronthomes.us
Offered at the current list price of $1,995,000, this home for sale at 2242 Monroe Street features bedrooms and 0 bathrooms. This real estate listing is located in HOLLYWOOD LITTLE RANCHES of Hollywood, FL 33020 . 2242 Monroe Street is listed under the MLS ID of A11989396 and has been available through www.jupiteroceanfronthomes.us for the Hollywood real estate market for 111 days.Similar Listings to 2242 Monroe Street
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© 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Listing information last updated on July 16th, 2026 at 6:52pm CDT.