The centrally-located city of Hollywood is one of the most popular areas in South Florida. Situated between Fort Lauderdale and Miami, this coastal haven is teeming with amazing food, famous casinos, diversity, art, culture, and beautiful homes. It is also home to a Seminole Tribe reservation. If you are considering buying a home in Hollywood, FL, you will need the following homebuyer’s guide.
History of Hollywood
Hollywood was founded and incorporated in 1925 by Joseph Young. At the time, the area spanned one square mile and was mostly marshlands and tomato farms. It grew over the years to cover 30 square miles and become home to some of the best beaches and locations in Florida, a thriving suburb, and the second most populated Broward County city.
Hollywood Real Estate Market
The best way to begin your home-buying journey is by exploring the local market with Hollywood FL real estate agent Nochum Rabin. Homes in Hollywood vary in price and architectural style. Depending on your budget and preferences, you and agent Rabin can explore luxury beachfront condos in Hollywood Beach, mid-century ranch single-unit homes, townhomes, and other options.
Home prices in the state have been rising recently, so you can expect heavy price tags. But, with a $485,000 median home price, Broward County offers you more value for your money than Palm Beach and Miami-Dade. Property values range from $150,000 to over $7 million, depending on the home.
Hollywood homes span the entire gamut of property types and styles. You can purchase a waterfront property in the city with views of North Beach, Hollywood Beach, the Stranahan River, and the several lakes in Hollywood. Several Intracoastal-facing properties are also available.
Hollywood Neighborhoods
Home prices in Hollywood also vary depending on the location. The city comprises over 20 distinct neighborhoods, each with its own qualities, amenities, prominent architectural style, and overall vibe. If you want a family-friendly community to raise children, consider moving to Emerald Heights, home to the iconic TY park. This outdoor location hosts family events every year, including a Candy Cane parade, a firework show on the Fourth of July, and Easter Egg hunts.
On the other hand, Driftwood is where to go when you want seclusion. This affluent neighborhood is located west of town and next to other multi-million communities like Cooper City and Davie. Lake Emerald Hills is the home of luxury. It features expansive estates covering many acres and is home to several famous residents.
Hollywood also boasts a rich golfing community. Homebuyers can purchase property at the family-friendly Club at Emerald Hills, which is part of Emerald Hills homeowner’s association. As a homeowner here, you will enjoy access to the greens and amenities like spas and tennis courts without paying any membership fees.
As mentioned, home prices in Hollywood vary depending on the neighborhood. The median property price in Hollywood Hills is $371,931 and $535,380 in Lake Emerald Hills. You can find better prices in Driftwood at a $304,614 median price, Boulevard Heights at $287,297, Highland Garden at $262,433, and Royal Poinciana at $247,238.
Talk to a FL Real Estate Agent Today
Real estate in Hollywood is rich and diverse, which means you can find Hollywood, FL homes for sale for every taste and budget. If you are ready to take the leap and purchase a home here, contact Florida real estate agent Nochum Rabin. Nochum has years of experience in the local market and can help you navigate the unique landscape of Hollywood until you find the home of your dreams. Call his office today to get started on your home-buying journey.