What You Need to Know About Hollywood, FL Real Estate

Your dream of making a piece of South Florida your home might not be too far away. You can enjoy beaches, outdoor sports, and globally inspired cuisines if you buy in sunny Hollywood, Florida. As one of the many smaller cities making up Broward County, residents of Hollywood enjoy summer weather year-round. And for that reason and many more, Hollywood should be on the top of your list if you want to buy a home.

Hollywood is more than just a spot on the Florida map. Check out these frequently asked questions about Hollywood real estate and how living here might just be the right place for you:

About Hollywood, Florida

One of the most well-known and centrally located areas in South Florida is the City of Hollywood. Established between the metropolitan cities of Miami and Fort Lauderdale, this coastal city is full of diversity, incredible food options, a Seminole Tribe reservation, and famous casinos. Residents across South Florida are familiar with and frequently visit the local amenities and popular Hollywood Beach Boardwalk and shops.

In 1925, Joseph Young founded and incorporated the area that would become Hollywood. What started as a single square mile now covers 30 square miles of the South Florida tri-county area. Once a region of tomato farms and marshlands, Hollywood’s beaches and great location between Fort Lauderdale and Miami encouraged its development into a thriving Fort Lauderdale suburb. Now it can proudly state that it has become the second most populated city in Broward County and one of the most notable areas of South Florida.

What is the cost of living in Hollywood, FL?

Living in paradise doesn’t have to be out of budget. While the cost of living is above the national average, prices are a bit more budget-friendly compared to other heavily populated areas in Florida.

To afford living in Hollywood, families of four with two children and both working adults must earn $84,283 per year combined. Compared to surrounding areas, like Fort Lauderdale, Davie, and Miramar, it is especially more budget-friendly, and it gives the same access to nearby amenities.

What is the average price Hollywood real estate?

You can confidently search for a home when house hunting in Hollywood, FL. Homes across the city vary in price points, from the luxury condos lining Hollywood Beach to the mid-century ranch-style homes on the western side of town. Home buyers can find homes to fit many different budgets.

Although home prices in Florida increased significantly in recent years, the median home price in Broward County as of June 2023 was $485,000, which is more bang for your buck when compared to Miami-Dade and Palm Beach counties.

Are there any condos or townhomes available in Hollywood? 

Whether you are looking for an upscale luxury condo, a vacation home, or prefer something a little cozier to call home, the Hollywood real estate market has ample townhomes and condos to consider. August 2023 had over 750 homes in this category!

Depending on which part of the city you are looking in, find properties ranging from around $150,000 to over $7 million.

Are there any waterfront properties found in Hollywood?

Take a deep breath filled with clean ocean air from a waterfront property in Hollywood with views of the Stranahan River, Hollywood Beach, North Beach, and the multiple lakes across the city. Facing the Atlantic Ocean, developers have constructed multiple beachfront and Intracoastal-facing properties. About a third of the available condos, villas, and single-family homes on the market have features that lead their owners to sand and water within minutes.

What is the property tax rate for Hollywood, FL?

Homeowners pay their share of property taxes to Broward County and the City of Hollywood each year. Predicting property taxes can sometimes be a complicated process, as certain exemptions may apply depending on the homeowner’s circumstances.

As of 2022, the millage rate for Hollywood was 22.2771 or 20.7752, depending on the millage code that applies to your property. Millage codes are applied by the Broward County Property Appraiser and vary depending on which city you live in. If you are curious to learn more about how property tax exemptions can apply to your situation, you can learn more about it here.

Are there golf course communities in Hollywood, FL? 

With sunshine all year round, enjoy the game whenever you want. Golf courses are available for players of any level of expertise. Those who seek a golf course community can find them right within the Hollywood city lines. For example, the Club at Emerald Hills is a family-friendly community course open since the 1970s. This golf course is unique because it is part of a homeowner’s association in Emerald Hills but does not require its residents to pay fees or memberships, nor does it limit access to those who live in the neighborhood.

What county is Hollywood in?

The City of Hollywood is on the southeastern side of Broward County, just north of Hallandale Beach. As one of the 31 total cities that make up the County, Hollywood is one of the most sought-after when considering its location, access to surrounding areas, parks and things to do, and direct access to the beach.

Hollywood is right next to the Fort Lauderdale/Hollywood International Airport and Port Everglades, one of the largest airports and ports in the entire state. Families taking the day to visit Dania Beach or the Fort Lauderdale Jetties can see first-hand some of the largest cruise ships take off on their voyage into the Atlantic.

Accessibility is another perk of Hollywood. I-95 and the Florida Turnpike pass through and allow for easy travel. These two highways take drivers directly to Ocala and the I-75 interchange (Florida Turnpike) or all the way to Maine (I-95). These highways give residents direct access to other areas of the county and visit other surrounding cities, although be ready: traffic can turn a 30-minute drive into a ninety-minute drive.

Looking to see if lady luck is on your side? The iconic guitar-shaped Seminole Hard Rock Casino in Hollywood can be seen miles away. Residents and guests come here for boutique-style shopping experiences, high-rated restaurants, concerts, and the casino itself.

If gambling is not your thing, residents still enjoy an abundance of outdoor activities like:

• Taking a swing at the Hollywood Beach Golf Club
• Walking and shopping at the Hollywood Beach Boardwalk
• Ride your kayak on the Stranahan River
• Ride bikes at Topeekeegee Yugnee Park (TY Park)

The Florida weather makes it easy to enjoy the outdoors and appreciate nature, as the summer and winter seasons remain average well above the 70Fs. In Hollywood, it is a guarantee that there is something to do for everyone, no matter your interests.

Is Hollywood, FL growing?

One of South Florida’s unique traits is the abundance of cities within the tri-county area–Miami-Dade, Broward, and Palm Beach Counties. With favorable weather conditions, diverse cultures, and opportunities for career growth, Florida has seen a significant increase in population across the state over the last couple of years.

Broward County added 11.2% from 2010 to 2020, totaling 1.7 million residents within the county, with no predictions of a slowdown. As of the 2020 census, 153,036 residents were living in Hollywood alone.

Investors see opportunities within Hollywood’s city lines and continue to build countless condos, homes, and venues for entertainment. With investors constructing in the city, residents can expect growth and added amenities in the near future.

What neighborhoods are in Hollywood, FL?

Taking a drive around Hollywood will lead you to multiple neighborhoods. In fact, there are over 20 different neighborhoods in Hollywood, like Boulevard Heights, Highland Gardens, North Beach, and Hollywood Beach, just to name a few. Each community has its own uniqueness and qualities, making the Hollywood real estate market abundant with choices.

Emerald Heights, for example, is home to TY Park (Topeekeegee Yugnee), known for its family-friendly events. Park rangers coordinate multiple events yearly, like Easter Egg hunts, a Fourth of July firework show, and even a Candy Cane parade during the holiday season.

Then you have other areas, like Driftwood, a neighborhood on the western edge of the city line that borders the multi-million dollar estates of Davie and Cooper City. Here residents are close to large estates and farms extending multiple acres owned by well-known families and celebrities. Its proximity to neighboring cities like Pembroke Pines, Miramar, and Davie gives residents access to various restaurants with menus inspired by multiple nationalities.

How is golf in Hollywood, FL?

When one says Florida, you may think of endless days of summer. And golf is one of the best sports to practice while enjoying the year-round summer weather. In Hollywood, golf clubs are one of the many activities residents and vacationers can enjoy.

One of the most popular golf clubs is the Club at Emerald Hills, located off North Hills Road, and the Hollywood Beach Golf Club, just minutes from the Hollywood Beach Intracoastal. Both golf courses are 18-holes, which is perfect for any golfer—no matter their level of expertise.

What areas are near Hollywood?

If you want to add fun activities to your to-do list in Florida, Hollywood can be the best place for you. Located on the south side of Broward County, Hollywood is just a short drive on I-95 from entering Miami-Dade County, known for its tourism, hospitality, and beaches.

In just about thirty minutes, Hollywood residents will find themselves looking at the Miami downtown skyline, where they can visit Wynwood and enjoy artisanal foods and nightlife—the art district or more luxurious experiences in Brickell, Miami’s financial district.

If Hollywood residents venture as little as 15 minutes north, they will find that Fort Lauderdale has an abundance of nightlife and restaurants to choose from. Whether visiting during the day or at night, Las Olas has a collection of restaurants and boutiques in a row of window shops.

Suppose food and shopping are not your thing. In that case, residents can experience a Broadway show at the Broward Center of the Performing Arts. This location hosts multiple Broadway shows a year with talented casts.

What to know about living in Hollywood, FL

Enjoy the year-round sunshine of Hollywood, Florida. Residents of all ages can enjoy the proximity to the beach, water activities, concerts, multiple parks, museums, and more. Hollywood indeed delivers when it comes to finding a home surrounded by endless events for leisure and entertainment.

If you are looking to buy a home in Hollywood, Florida, our team at EzHomeSearch is ready to help you. Contact us today and see what homes are currently available in Hollywood real estate.