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MLS ID: A11923629
List Price: $ 245 000
Sold Price: $ 232 500 (-5%)
Status: Closed
List date: 12/01/2025
Closing Dt: 01/30/2026
Days on Market: 60
Sell $ 214 per SqFt
PINEHURST CLUB CONDO 5-307
#MLS: A11923629
$ 245 000
Listing date12/01/2025
CityHollywood, FL 33021
Address450 S Park Rd, #5-307
Area1084 sqft
Tax/year$ 6 706
HOA$692/Monthly
Built year1996
Bedrooms3
Bathrooms2
Pooltak

Welcome to this beautifully maintained 3-bedroom, 2-bath condo perfectly located in the heart of South Florida! This spacious unit offers an excellent opportunity for both homeowners and investors. Priced at 245,000, this condo provides strong rental potential with market rents reaching 2,700/month and similar units selling as-is for 299,000, giving buyers built-in equity from day one. The property features a functional layout, ample natural light, and a well-kept interior ready for immediate occupancy or rental use. The building is professionally managed with a monthly HOA of 692.74, providing essential amenities and maintaining the community in superb condition. For investors, this condo offers:
6.36% cash-on-cash return (all-cash purchase)
6.47% cap rate
54,000 equity spread at resale value immediately at purchase

Conveniently located near major highways, top schools, shopping, dining, and just minutes from beaches and Miamis urban core, this condo offers unbeatable accessibility. Unit is currently vacant. HOA includes water,interent,cable, and common areas.

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