While Miami and Fort Lauderdale have long dominated the luxury market, Hollywood is quietly emerging as the go-to destination for buyers seeking waterfront living, high-end amenities, and strong investment potential—all without the premium price tags of its neighboring cities.
The median sales price for a single family home in Hollywood in 2024 was $1.35M according to ONE Sotheby’s International Realty, compared to Miami Beach that saw a median sales price of $3.55M.
“Hollywood is a hidden gem in between Miami and Fort Lauderdale that is close to everything--great beaches, restaurants, shops and schools--and you can live there at a fraction of the cost,” says Nancy Batchelor, a leading agent with Compass.
With a thriving downtown and a world-class beach boardwalk, Hollywood offers a high quality of life with more than 60 parks, five golf courses, and a variety of recreational amenities including a nearly 10-acre urban park in the heart of Downtown. Hollywood is attracting a wave of new residents and investors who want access to both metros (Miami and FLL) while enjoying a more relaxed, community-driven vibe.
There is nearly $1.5 billion in real estate development, completed, planned or under construction, throughout the city - with more than 3,500 new residential units planned or under construction. Within five years, Hollywood will have courses from Greg Norman, Jack Nicklaus, and Rees Jones.
One of the city’s most anticipated luxury projects, Icon Beach, offers 350 residences and a lifestyle appointed with exceptional amenities, exacting services, and breathtaking views of the Atlantic Ocean and Intracoastal waterway. The property is home to 30,000 square feet of amenities including access to an on-site marina, full-service beach club, world-class health club, spa, and wellness center. Icon Beach will also feature an expansive pool deck, complete with outdoor cinema and summer kitchens, magnificent waterfront event space, and a curated collection of museum-quality pieces from the Jorge M. Pérez Contemporary Art Collection. The Diplomat Beach Resort is also expanding with 350 condo units and 500 hotel rooms, while Shell Bay by Auberge Resorts Collection in nearby Hallandale Beach is adding to the region’s appeal.
A few standout listings in Hollywood include:
2711 S Ocean Dr, Unit# 3905, a turnkey Sky Villa listed for $7.95M
1601 Diplomat Pkwy, a one of a kind property in Diplomat Golf Estates for $4.99M
856 Tyler Street, a Carlos Schoeppel-designed gem listed for $2.35M
Image credit: ARX Creative
