CLEVELAND TERRACE FIRST A
1601 N 16th Ct, Hollywood FL 33020
$559,000
Est. Payment $2,975/mo
38
Days on Market
Description
Prime development opportunity in the heart of Hollywood! Oversized lot just over 1/4 acre, zoned multi-family, offering exceptional potential for investors, builders, and developers. With generous lot dimensions and favorable zoning, this property presents the opportunity to build multiple units or maximize density (buyer to verify with city). Located east of Federal Highway, just minutes from Young Circle, beaches, golf courses, and major redevelopment areas, this location continues to see strong growth and demand. Surrounded by residential and income-producing properties, making it ideal for new construction or long-term investment. The property currently features a structure and mature fruit trees including mango, papaya, and avocado, adding immediate usability or holding value while plans are finalized. No HOA, ample space, and strong upside potential in a rapidly developing area. Rare opportunity to secure a large multi-family zoned lot in a prime location.
Facts
- MLS#
- A11997449
- Subdivision
- CLEVELAND TERRACE FIRST A
- Property Type
- Land/Boat Docks
- Property Sub Type
- Residential
- Year Built
- —
- Lot Size
- 11,326 ft²
- Sq. Ft.
- —
- Sq. Mt.
- —
- Price per sq. ft.
- —
- Price per sq. mt.
- —
- Stories
- —
- Garage
- —
- Pool
- —
- Days on Market
- 38 days
- Listed
- Apr 8, 2026
- Last Updated
- May 17, 2026
- Price/Lot Sq.Ft.
- $49/ft²
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Market insights for Hollywood
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
May 2026
38
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 4/8/2026 | Listed for sale | $559,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Norman S. Edelcup/Sunny Isles Beach K-8PK,KG,1,2,3,4,5,6,7,8 · public · 0.7 mi
SmartKids MiamiPK,KG · private · 0.7 mi
Aventura City Of Excellence SchoolKG,1,2,3,4,5,6,7,8 · charter · 0.8 mi
St Lawrence Elementary SchoolKG,1,2,3,4,5,6,7,8 · private · 0.8 mi
Philosophical and Spiritual UniversityUG · private · 1.0 mi
The Tauber AcademyPK,KG · private · 1.3 mi
Biscayne AcademyUG · private · 1.4 mi
Don Soffer Aventura High School9,10,11,12 · charter · 1.5 mi
Imacs Learning CenterUG · private · 1.5 mi
Spirit Of Christ Child Development CenterPK,KG · private · 1.5 mi
Estimated Monthly Payment
$3,591/mo
Principal & Interest
$2,975
Property Tax
$466
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated 2 hours ago
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