1701 S Ocean Dr, Hollywood
Broward County Real Estate - Hollywood
Hollywood
Hollywood is located in Broward County, Florida. Top employers are Memorial Healthcare System, The Continental Group, City of Hollywood, Westin Diplomat Resort and Spa, Memorial Regional Hospital South, and BrandsMart USA. HEICO and Invicta Watch Group both have their headquarters in Hollywood.
Hollywood is in South East Florida. It's population as recorded in the 2010 Census was 140,768.
The median age for residents of Hollywood is 41.1. Around 28.3% of Hollywood households include school aged children and 27.3% of households include individuals aged 65 years or over. Census records indicate 72.6% of the Hollywood population are White, 16.7% are Black or African American, .3% American Indian, 2.4% Asian and 3.2% are Two or more Races. Hollywood has a significant Hispanic population. 32.5% (45,825) of Hollywood residents are of Hispanic or Latino origin. Of these 4.29% are of Mexican origin, 19.24% Puerto Rican, 20.2% Cuban and 56.25% are of other Hispanic or Latino origin.
There are 71,070 housing units in Hollywood. 12,632 (17.7%) of these were reported as vacant in the 2010 Census. Hollywood is a tourist destination, 45.7% (5,774) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 26,933 residential rental units in Hollywood. 23,588 of them were occupied in 2010 providing a residential rental vacancy rate of 12%.
Hollywood links:
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Broward County
Broward County is part of the southeast Florida region along with Miami-Dade, Indian River, St. Lucie, Martin, Palm Beach, and Monroe counties. Broward County has 29 recognized cities and towns, the largest being Fort Lauderdale, Pembroke Pines, and Hollywood. 95% of the properties in Broward County are residential, implying that it is a largely suburban area. Broward County is centrally located between major metropolitan areas in Miami-Dade and Palm Beach Counties. The county?s population is over 1.5 million, making it the second most populous in Florida.
Broward County identified these industries as focuses for its expansion efforts: advanced materials and High-Tech Manufacturing, aviation/aerospace, international trade, marine industries, and headquarters and management operations. Major private sector employers are American Express, Nova Southeastern University, AutoNation, Kaplan Higher Education, and The Answer Group. Top public employers are Broward County School District, Broward County Government, North Broward Hospital District, Memorial Healthcare System, and the City of Fort Lauderdale.
Port Everglades and Fort Lauderdale-Hollywood International Airport are major contributors to the region?s economy. Port Everglades is the third most trafficked port for cruise passengers in the nation. It is also a major destination for container cargo and imported petroleum. FLL is the 21st-busiest airport in the United States and the Florida Department of Transportation estimates its economic impact at $10.6 billion.
The county seat and largest city, with a population over 165,000, is Fort Lauderdale. The eighth-largest city in the state is a travel destination, especially for LGBT tourists. Fort Lauderdale and the adjacent Wilton Manors are among the most friendly cities to LGBT people and are among the cities with the highest proportions of same-sex couples.
Nova Southeastern University is a major private school located in the suburb of Davie. Broward College has campuses throughout the county. City College and the Art Institute of Fort Lauderdale are located in the city, as are satellite campuses of Florida Atlantic University and Florida International University.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 1701 S Ocean Dr | Condominium | 1,520 | B |
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| 1701 S Ocean Dr | Condominium | 1,460 | B |
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| 1601 S Ocean Dr | Condominium | 1,386 | B |
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| 1801 S Ocean Dr | Condominium | 1,250 | B |
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| 1600 S Ocean Dr | Condominium | 1,218 | B |
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| 1600 S Ocean Dr | Condominium | 832 | B |
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| 1700 S Surf Rd | Multi-family - 10 units or more | 4,529 | B |
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| 1550 S Ocean Dr | Condominium | 1,383 | B |
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| 1601 S Surf Rd | Condominium | 479 | B |
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| 1901 S Ocean Dr | Condominium | 787 | B |
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| 1501 S Ocean Dr | Condominium | 1,605 | B |
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| 1501 S Ocean Dr | Condominium | 1,605 | B |
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| 1500 S Ocean Dr | Condominium | 894 | B |
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| 1500 S Ocean Dr | Condominium | 894 | B |
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| 1500 S Ocean Dr | Condominium | 894 | B |
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| 1504 S Surf Rd | Cooperative | 532 | B |
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| 1500 S Surf Rd | Condominium | 530 | B |
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| 1715 S Surf Rd | Hotel or motel | 6,359 | B |
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| 1711 Surf Rd | Condominium | 947 | B |
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| 1711 S Surf Rd | Condominium | 487 | B |
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| 1711 Surf Rd | Parking lot (commercial or patron) or mobile home park | 0 | B | |
| 1901 S Ocean Dr | Condominium | 1,050 | B |
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Local Household Income
The median household income in this part of Florida is $59,157. The bottom 10% of the population earn less than $15,502 per year. The top 10% earn more than $169,823 per year. The top 1% earn more than $510,625 per year. Most renters earn between $29,088 (20th percentile) and $54,276 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $118,314 and $147,893.
The tax assessed value of this property places it in percentile 62 of all properties in this area. This suggests it would appeal to someone earning around $76,851 per year who should qualify for a mortgage between $153,702 and $192,128.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $1,103. Most renters earn between $2,424 and $4,523 per month. They typically spend 36% of their monthly income on rent. Most rents fall in the $806 (20th percentile) to $1,561 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 62 of all properties in this area. This corresponds to a rent of $1,250 per month and a monthly household income of $3,650 ($43,800 per year)
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