$2,400,000
9 Beds
9 Baths
3,047 sqft
338 Walnut St, Hollywood, FL 33019
Est. Mortgage $16,501/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1967
$788/sqft
Local Information
- Map ViewExplore the area around 338 Walnut St.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
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About this House
for sale by owner
Boutique Beachside Hospitality & Multifamily Investment Opportunity – Hollywood Beach
Asking Price: $2,400,000
Rare opportunity to acquire a fully renovated 9-unit boutique multifamily property just steps from the beach in the highly desirable North Hollywood Beach neighborhood. Delivered vacant, this property offers exceptional flexibility for investors seeking a boutique hospitality operation, short-term vacation rental portfolio (subject to local regulations), long-term rental investment, or future redevelopment.
The property underwent an extensive renovation in 2017, including new roofs, impact windows, electrical, plumbing, HVAC systems, kitchens, bathrooms, drywall, fencing, and numerous interior and exterior upgrades, significantly reducing future maintenance costs.
Property Features
9 Conforming Units
3,047 SF Building
6,291 SF Lot (0.15 Acres)
Built in 1967
Fully Renovated (2017)
One-story building
On-site parking
Zoned NBBD-DZ, offering potential redevelopment opportunities (buyer to verify).
Prime Location
Located just a short walk from:
Hollywood Beach & Atlantic Ocean
Hollywood Beach Broadwalk
Intracoastal Waterway
Hollywood Beach Fishing Pier
Adler Park
Restaurants, cafés, shopping, and entertainment
Investment Highlights
Vacant and ready for immediate repositioning
Ideal for boutique vacation rentals or hospitality use
Long-term multifamily investment opportunity
Redevelopment potential under current zoning
Strong tourism market with year-round demand
The surrounding neighborhood continues to experience significant redevelopment, with luxury residential and boutique hospitality projects driving long-term appreciation. A neighboring property is currently listed for $3.5 million as a redevelopment opportunity, underscoring the area's continued investment momentum.
This is a unique opportunity to acquire a turnkey coastal asset with immediate income potential and long-term upside in one of South Florida's most sought-after beachfront markets
Boutique Beachside Hospitality & Multifamily Investment Opportunity – Hollywood Beach
Asking Price: $2,400,000
Rare opportunity to acquire a fully renovated 9-unit boutique multifamily property just steps from the beach in the highly desirable North Hollywood Beach neighborhood. Delivered vacant, this property offers exceptional flexibility for investors seeking a boutique hospitality operation, short-term vacation rental portfolio (subject to local regulations), long-term rental investment, or future redevelopment.
The property underwent an extensive renovation in 2017, including new roofs, impact windows, electrical, plumbing, HVAC systems, kitchens, bathrooms, drywall, fencing, and numerous interior and exterior upgrades, significantly reducing future maintenance costs.
Property Features
9 Conforming Units
3,047 SF Building
6,291 SF Lot (0.15 Acres)
Built in 1967
Fully Renovated (2017)
One-story building
On-site parking
Zoned NBBD-DZ, offering potential redevelopment opportunities (buyer to verify).
Prime Location
Located just a short walk from:
Hollywood Beach & Atlantic Ocean
Hollywood Beach Broadwalk
Intracoastal Waterway
Hollywood Beach Fishing Pier
Adler Park
Restaurants, cafés, shopping, and entertainment
Investment Highlights
Vacant and ready for immediate repositioning
Ideal for boutique vacation rentals or hospitality use
Long-term multifamily investment opportunity
Redevelopment potential under current zoning
Strong tourism market with year-round demand
The surrounding neighborhood continues to experience significant redevelopment, with luxury residential and boutique hospitality projects driving long-term appreciation. A neighboring property is currently listed for $3.5 million as a redevelopment opportunity, underscoring the area's continued investment momentum.
This is a unique opportunity to acquire a turnkey coastal asset with immediate income potential and long-term upside in one of South Florida's most sought-after beachfront markets
Home Details for 338 Walnut St
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Days on Market: 35 days on Trulia |
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Year Built Year Built: 1967Year Updated: 2017 |
Property Type / Style Property Type: Multi Family |
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Price Price Per Sqft: $788 |
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Lot Area: 6534 sqft |
Around this home
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about North Beach
At least 2 Trulia users voted on each feature.
100 % Say it's quiet
100 % Say it's dog friendly
100 % Say streets are well-lit
80 % Say there are sidewalks
80 % Say yards are well-kept
75 % Say it's walkable to restaurants
60 % Say car is needed
57 % Say there's wildlife
50 % Say it's walkable to grocery stores
43 % Say there's holiday spirit
40 % Say people would walk alone at night
33 % Say neighbors are friendly
33 % Say kids play outside
20 % Say parking is easy
20 % Say they plan to stay for at least 5 years
20 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in Hollywood
Last updated July 2026
Avg. sale price
$473K
$14.18KMoM
Sale-to-List Price
96.8%
0.1%MoM
Price per sq ft
$349
$5MoM
Available listings
1701
63MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.08 | Multi-Family Home | $1,485,000 | 02/18/26 | 4 | 4 | 1,495 | |
1.71 | Multi-Family Home | $917,000 | 07/01/26 | 5 | 4 | 2,443 | |
2.01 | Multi-Family Home | $790,000 | 11/03/25 | 12 | 10 | 2,869 | |
2.22 | Multi-Family Home | $849,000 | 05/12/26 | 8 | 4 | 3,584 | |
2.35 | Multi-Family Home | $950,000 | 08/06/26 | 5 | 4 | 2,753 | |
2.08 | Multi-Family Home | $770,000 | 12/29/25 | 11 | 7 | 2,899 | |
1.81 | Multi-Family Home | $720,000 | 01/16/26 | 5 | 4 | 2,401 | |
1.83 | Multi-Family Home | $553,000 | 05/11/26 | 4 | 4 | 2,340 | |
1.87 | Multi-Family Home | $599,000 | 12/11/25 | 6 | 3 | 1,703 | |
2.24 | Multi-Family Home | $700,000 | 06/08/26 | 4 | 3 | 1,800 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.04 | $2,475,000 | 4 | 3.5 | 2,736 | Recently Sold | |
0.04 | $2,300,000 | 4 | 3.5 | 2,736 | Recently Sold | |
0.02 | $3,500,000 | - | - | - | For Sale | |
0.03 | $1,219,200 | 3 | 3 | 1,341 | Off Market | |
0.04 | $933,000 | 5 | 5 | 1,800 | Recently Sold | |
0.04 | $1,113,000 | 2 | 3 | 1,110 | Off Market | |
0.09 | $1,408,400 | 3 | 2.5 | 2,212 | Off Market | |
0.09 | $721,100 | 2 | 2.5 | 1,800 | Off Market | |
0.09 | $1,020,700 | 2 | 2.5 | 2,025 | Off Market | |
0.09 | $1,479,000 | 3 | 3 | 2,303 | Recently Sold | |
0.09 | $1,100,000 | 3 | 2.5 | 2,012 | Recently Sold | |
0.09 | $1,787,700 | 3 | 3.5 | 3,102 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Aug 4, 2026 Source: N/A | Listed For Sale | $2,400,000 |
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
This property is for sale by owner and Zillow, Inc. is displaying it at the owner’s request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.
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338 Walnut St, Hollywood, FL 33019 is a 9 bedroom, 9 bathroom, 3,047 sqft multi-family built in 1967. 338 Walnut St is located in North Beach, Hollywood. This property is currently available for sale and was listed on Aug 4, 2026.