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Luxury home — 6206 Buchanan Street · Gracewood · Hollywood
$2,500,000
6206 Buchanan Street, Hollywood, FL 33024
Hollywood, FL, 33024
— bd · 0 ba · — sqft
Listed by RE/MAX 5 Star Realty
6206 Buchanan Street, Hollywood, FL 33024
Listed by RE/MAX 5 Star Realty
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Know your costs before you buy
Work through the cash needed at closing, including property taxes.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
About this home
Find similar homesPrime Redevelopment Opportunity!! The subject property is an 11-pod mobile home park positioned on a 21,785 SF parcel in central Hollywood, Florida. The property is 91% occupied and produces approximately $4,000 per month in income, offering stable cash flow in a strong affordable housing market. Zoned C-MU, the site provides significant redevelopment potential and can support an estimated 30 to 35 multifamily units with Flexibility or Replacement Units, subject to city approvals. The parcel features strong frontage, low operating expenses, and a strategic location near US-441, major retail corridors, public transit, and key employment centers. This asset offers a rare combination of reliable income and long-term development upside in a rapidly growing Broward County infill corridor.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
337 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details
Your costs (est.)
6206 Buchanan Street, Hollywood, FL 33024 · Hollywood
Location
6206 Buchanan Street, Hollywood, FL 33024
What buyers ask about this home
What are the estimated monthly carrying costs at 6206 Buchanan Street, Hollywood, FL 33024?+
Property tax (after sale): $3,180/month est. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 6206 Buchanan Street, Hollywood, FL 33024?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 6206 Buchanan Street, Hollywood, FL 33024 need flood insurance, and what drives the premium?+
Most of Hollywood sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 6206 Buchanan Street, Hollywood, FL 33024?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type, and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 6206 Buchanan Street, Hollywood, FL 33024?+
This listing has been on the market 337 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Located in Hollywood, this property offers the South Florida lifestyle — warm-weather living year-round with easy access to the Atlantic coast, A-rated schools, and major business centers.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
West Hollywood Elementary School
Elementary · 0.3 mi from this home · 6301 Hollywood Blvd, Hollywood
Zone boundaries published by Broward County Public Schools.
Other options for this address
Championship Academy Of Distinction Middle School
Middle school · Charter · Grades 6–8 · Hollywood
Sheridan Hills Christian School
Pre-K & Kindergarten · Private · Christian · Grades PK–12 · Hollywood
Aukela Christian Military Academy
Pre-K & Kindergarten · Private · Christian · Grades K–12 · West Park
Love Outreach Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades 4–12 · Miramar
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
Simon Gedz
Realtor® since 1995
Interested in this property?
$2,500,000 · MLS A11928034
$2,500,000
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