777 N Ocean Drive Unit N507, Hollywood, FL 33019

Property Description

Costa Hollywood Beach Resort N507 — turnkey 1BR/1BA furnished corner residence with wraparound balcony, 5th floor Tower N. Designed for international owners seeking a Hollywood Beach base to use several times a year and rent short-term when away.Continuous wraparound balcony spans direct Atlantic Ocean exposure and intracoastal sunset views — a rare configuration within Costa Hollywood inventory. Long-term tenancy and primary owner residency are NOT permitted per condo declaration; short-term and transient occupancy only.City of Hollywood vacation rental license required — license is non-transferable; buyer applies fresh post-closing (~2-4 week process). Costa Hollywood is among the limited Hollywood inventory where short-term rentals are permitted; most zoning districts prohibit STR entirely.Designer interior with white quartz countertops, Smeg induction cooktop and oven, designer cabinetry, primary suite with king bed and ensuite designer bath, full-size in-unit washer/dryer, fitted closet system. HOA $1,323/mo INCLUDES water, electricity, hot water, building insurance, common areas, elevator, pool, sewer — no separate utility bills.Amenities: rooftop infinity pool, Sunset Bar, fitness center, 24-hr concierge, self-parking, controlled access, direct beach connection to Hollywood Beach and 2.5-mile Broadwalk. 10 min to Aventura Mall and FLL.Sold furnished LISTING OVERVIEWUnit N507 at Costa Hollywood Beach Resort is a turnkey 1BR/1BA furnished corner residence with continuous wraparound balcony, positioned for the international second-home buyer, 1031 exchange buyer, or vacation property investor seeking a Hollywood Beach base that operates as a professional short-term rental when the owner is not in residence.The residence is on the 5th floor of Tower N (the building's residential tower), with quiet intracoastal-facing exposure and partial water views. Walking distance to Hollywood Beach and the 2.5-mile Broadwalk. The residence is sold fully furnished per inventory, with a documented short-term rental history under professional management.CARRYING COSTS (VERIFIED)HOA: $1,210/month — includes water, electricity, hot water, building insurance, common areas, elevator, pool service, and sewer (no separate utility bills for owner)2025 Property Tax: $7,809.41Insurance (estimated HO-6): ~$1,000/year — buyer to obtain quote during due diligenceCOMPLIANCE & USE RESTRICTIONSResidential condominium (BCPA Use Code 04) — operates condo-hotel-style under condo association rulesLong-term tenancy (180+ days) is not permitted per condo documentsShort-term and transient rentals are permitted; owner personal use is permitted within condo declaration limitsShort-term rentals require a standard City of Hollywood vacation rental license — the license is NON-TRANSFERABLE; the new owner must apply for a fresh license after closing (typical 2-4 week process). Annual renewalCosta Hollywood is among the limited Hollywood inventory where STR is permitted — most Hollywood zoning districts prohibit short-term rentals entirelyFEMA Flood Zone AE — buyer to confirm flood insurance requirementsFIRPTA disclosures apply for foreign sellers at saleBuyer's counsel to review condo declaration during due diligence to verify exact use restriction languageUNIT FEATURES1 bedroom, 1 bathroom, 699 SF (per BCPA)King-size primary bedroom, designer headboardDesigner bathroom with premium fixturesFull kitchen with stone countertops, stainless appliances, electric range, ovenOpen living/dining with seating for sixIn-unit washer hookup, designer wood-look flooring throughoutSmart TVs, high-speed Wi-Fi, full cableFurnished turnkey per inventory listBUILDING & RESORT AMENITIESRooftop infinity pool with panoramic viewsSunset Bar — restaurant and cocktails on-siteFull fitness center with commercial-grade equipmentOn-property bike rentals24-hour staffed front desk and conciergeSelf-parking in secure garageKey-card entry, controlled building access, on-site securityLOCATIONSteps to Hollywood Beach and Broadwalk. 10 minutes to Aventura Mall, Gulfstream Park, and Fort Lauderdale-Hollywood International Airport. 20 minutes to Las Olas / Fort Lauderdale. 25 minutes to Miami Beach, Wynwood, and Miami International Airport.FINANCING NOTESConventional Fannie/Freddie financing eligibility for this BCPA Use Code 04 building depends on the building's current warrantability status and reserve funding — buyer to verify with lender during due diligence. Cash, portfolio, and seller financing structures are typically used. Seller may consider seller financing with 50% down — flexible terms negotiable.PROPERTY DETAILSYear Built: 2017Living Area: 699 SFConfiguration: 1 BR / 1 BAFloor / Tower: 5th Floor, Tower NView: Intracoastal / Partial WaterFurnished: Yes (turnkey)Short-Term Rental: PermittedCity VRL License: Required — non-transferable; new owner applies fresh post-closingLong-Term Tenancy (180+ days): Not PermittedParking: Self-parking, secure garage, secure garage