Hollywood's Elite Developers Cash In on Weekly Condo Sales in Broward County
Broward County's top developers rake in millions with record-breaking condo sales in Hollywood.
The elite developers of Hollywood, including Ocean Palms and 3101 South Ocean Drive, are celebrating their success in Broward County's weekly condo sales. According to data from Redfin, brokers closed 94 sales totaling $24.1 million from August 18 to August 24, a significant increase from the previous week's 42 sales totaling $19.6 million.
The average price per unit fell from $465,448 to $256,271, with the average price per square foot also seeing a decline from $335 to $233. Despite this drop, the top 10 sales ranged from $500,000 to $1.3 million, with Unit 905 at Ocean Palms taking the top spot.
"Our success in Hollywood's condo market is a testament to our unwavering commitment to luxury and quality," says the developer of Ocean Palms. "We are thrilled to see our hard work pay off and to be a part of the thriving real estate landscape in Broward County."
As the competition among developers heats up, the industry's elite are finding ways to stay on top, with Hollywood's condo market proving to be a lucrative investment. And with no signs of slowing down, these developers are set to continue their winning streak in Broward County.
https://therealdeal.com/miami/2025/08/28/broward-county-weekly-condo-sales-rise-to-24m/