A outstanding residential constructing situated on a selected stretch of shoreline, this construction provides upscale residing with direct entry to each the seashore and the colourful environment of a widely known leisure district. The situation locations residents inside simple attain of eating places, outlets, and cultural sights. For example, one may contemplate the comfort of stepping instantly from the constructing onto the sand, or the easy commute to native eating institutions.
This oceanfront property offers quite a few benefits, together with enhanced property values because of its fascinating locale, entry to leisure actions, and potential for rental revenue. Traditionally, such developments alongside this explicit coastal space have contributed considerably to the financial development and tourism attraction of the area, solidifying its status as a fascinating vacation spot. The buildings facilities and placement can contribute to a heightened high quality of life for its residents.
The next dialogue will delve deeper into the architectural design, out there unit configurations, and the influence of this explicit residential improvement on the encompassing neighborhood. Moreover, detailed data concerning property values, affiliation charges, and native factors of curiosity might be offered. Lastly, related details about native occasions might be given for correct steering.
1. Oceanfront Condominium
The designation “Oceanfront Condominium” is intrinsic to the very id of the construction on the designated deal with. Its positioning instantly on the shoreline just isn’t merely an incidental characteristic, however a defining ingredient influencing its worth, design, and life-style proposition. The presence of the ocean instantly adjoining to the constructing dictates a number of points of its development, together with supplies choice to resist marine situations, architectural concerns for maximizing ocean views, and the inclusion of facilities that cater to a beachfront life-style. For instance, a resident advantages from rapid seashore entry, additional enhancing property worth.
The importance of this “Oceanfront Condominium” attribute extends to its influence on the native actual property market and tourism. Properties with direct ocean entry sometimes command increased costs and entice a wider pool of potential patrons and renters. The financial influence can be seen within the demand for supporting companies, equivalent to eating places, outlets, and leisure companies catering to each residents and vacationers. Native actual property companies report “Oceanfront Condominium” properties enhance demand for close by properties.
In abstract, the descriptor “Oceanfront Condominium” just isn’t merely a label however a basic side that shapes its bodily traits, market worth, and its position throughout the surrounding neighborhood. Understanding the interconnection between this attribute and the particular location underscores the property’s significance throughout the broader context of coastal actual property and tourism. It’s important for patrons and sellers to acknowledge this interconnectedness to understand the property’s worth and goal totally. Challenges contain sustaining the property’s structural integrity towards the weather and balancing resident privateness with public seashore entry.
2. Luxurious Residences
The designation “Luxurious Residences” instantly correlates to the inherent worth proposition of the property at “the wave south ocean drive hollywood fl”. This descriptor implies a stage of high quality and facilities exceeding typical residential choices, contributing considerably to its desirability and market worth. The supply of premium finishes, superior equipment packages, and unique constructing companies instantly end result from this emphasis on luxurious. For example, items throughout the constructing could characteristic imported supplies, good dwelling expertise integration, and devoted concierge companies, all of which elevate the residing expertise. This standing is additional enhanced by constructing facilities equivalent to a pool, health heart, and valet parking.
The “Luxurious Residences” element fosters an setting attracting a selected demographic, influencing the constructing’s total environment and neighborhood dynamic. Moreover, this luxurious designation strengthens the property’s funding potential. Traditionally, high-end properties in premier areas exhibit resilience towards market fluctuations and supply doubtlessly better appreciation over time. The affiliation with luxurious manufacturers and designers additional enhances the attraction and perceived worth. Market information demonstrates that “Luxurious Residences” enhance median revenue within the neighborhood.
In summation, the “Luxurious Residences” attribute performs a pivotal position in shaping the id, worth, and market place of the event. This attribute dictates each the bodily attributes and the resident profile, finally driving its success as a premier oceanfront deal with. Challenges could embrace sustaining the constructing’s look and companies at a constantly excessive stage to justify the luxurious designation. A complete understanding of this side is vital for potential patrons, sellers, and traders searching for to capitalize on the benefits this kind of property provides.
3. Prime Location
The attribute “Prime Location” holds important weight in defining the worth and desirability of the residential property. Its placement alongside South Ocean Drive in Hollywood, Florida instantly impacts its attraction to potential residents and traders. The geographical positioning correlates instantly with entry to quite a lot of facilities and companies. For example, proximity to the seashore provides rapid leisure alternatives, whereas close by eating places, outlets, and cultural sights improve the comfort and life-style choices for residents. This mix of things collectively contributes to the property’s perceived worth. The benefit of entry to main transportation routes additionally provides to the comfort.
The idea of “Prime Location” additional interprets into tangible financial advantages. Properties located in extremely fascinating areas have a tendency to understand in worth at a sooner price than these in much less sought-after areas. It is because demand for actual property in such areas constantly outpaces provide, driving up costs. Within the particular case of this property, its location alongside South Ocean Drive contributes to its attractiveness to each home and worldwide patrons, growing its potential for rental revenue. The situation helps the property to usher in income from vacationers and vacationers.
In summation, the “Prime Location” of the property is an integral element of its total attraction and funding potential. It influences not solely the life-style of its residents but additionally its long-term monetary viability. Whereas the advantages are appreciable, potential challenges embrace managing elevated visitors and sustaining the aesthetic integrity of the property within the face of ongoing improvement. A radical understanding of the implications of its location is essential for anybody contemplating investing in or residing on the property.
4. Coastal Life-style
The idea of a “Coastal Life-style,” because it pertains to a residential property, encompasses a set of attributes and experiences intrinsically linked to its oceanfront location. This life-style influences the each day routines, leisure actions, and total well-being of its residents. A complete understanding of this life-style is vital for evaluating the property’s attraction and suitability for potential occupants.
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Leisure Alternatives
The proximity to the ocean facilitates varied leisure pursuits, together with swimming, sunbathing, browsing, and boating. Residents expertise direct entry to those actions, contributing to an lively and outdoor-oriented life-style. The benefit of entry will increase the worth of the “Coastal Life-style”.
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Enhanced Nicely-being
Research recommend a correlation between residing close to the ocean and improved psychological and bodily well being. The sights, sounds, and smells of the ocean can have a relaxing impact, lowering stress ranges and selling leisure. Common publicity to daylight offers vitamin D, contributing to bone well being. Residents could report feeling improved psychological well being and fewer melancholy.
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Social Interplay
Coastal communities typically foster a robust sense of social connection. Shared entry to seashores and waterfront areas creates alternatives for interplay amongst residents, facilitating a way of belonging. Native occasions, equivalent to seashore cleanups and festivals, additional promote neighborhood engagement. Residents profit from neighborhood camaraderie.
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Aesthetic Appreciation
Oceanfront properties supply unobstructed views of the water, offering a visually interesting setting. Residents can take pleasure in sunsets, sunrises, and the ever-changing seascape from their properties. These aesthetic qualities contribute to a way of tranquility and improve the general residing expertise. Aesthetic enhancements make the property extra interesting.
These sides of the “Coastal Life-style” collectively contribute to the distinctive worth proposition of “the wave south ocean drive hollywood fl.” The attraction stems not solely from its bodily location but additionally from the alternatives and experiences it offers to its residents. The property provides a way of life distinct from that of inland properties and an attraction to a selected demographic searching for the advantages of coastal residing. This appreciation drives the perceived desirability and market worth of this oceanfront residence.
5. Actual Property Funding
The intersection of “Actual Property Funding” and the property at “the wave south ocean drive hollywood fl” warrants cautious consideration. Understanding the monetary implications, potential returns, and dangers related to this explicit asset is vital for potential traders. The next outlines key sides of this funding alternative.
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Appreciation Potential
Oceanfront properties, significantly these in prime areas like South Ocean Drive, typically exhibit important appreciation over time. Restricted provide, coupled with excessive demand, sometimes drives property values upward. Historic information on related properties within the space offers perception into potential future positive aspects. For instance, comparable properties have proven a median appreciation of X% over the previous Y years. Traders ought to analysis comparable properties on Ocean Drive.
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Rental Earnings Alternatives
The situation and facilities of the property make it enticing to each short-term and long-term renters. Producing rental revenue can offset possession prices and supply a gentle stream of income. Cautious administration and strategic advertising and marketing are important to maximise rental yields. A comparable property generates roughly Z per thirty days from rental revenue throughout peak season.
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Market Volatility Issues
Actual property investments are topic to market fluctuations and financial cycles. Understanding these potential dangers and implementing methods to mitigate them is vital. Elements equivalent to rate of interest modifications, financial downturns, and pure disasters can influence property values and rental revenue. Diversifying actual property holdings to lower threat is prudent.
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Tax Implications
Actual property investments carry varied tax implications, together with property taxes, revenue taxes on rental income, and capital positive aspects taxes upon sale. Looking for skilled tax recommendation is essential to know these obligations and optimize tax methods. Property taxes could rely on enhancements and development.
These sides collectively illustrate the potential advantages and dangers related to viewing “the wave south ocean drive hollywood fl” as a “Actual Property Funding.” Cautious evaluation of market situations, monetary planning, {and professional} steering are important for making knowledgeable funding choices. The property can change into a supply of wealth or a drain on capital relying on how the investor manages their investments. These factors require meticulous consideration and detailed evaluation to establish probably the most possible consequence of such an funding.
6. South Florida
The area of South Florida exerts a defining affect over the traits and worth of any property situated inside its boundaries. This affect manifests in a number of key areas impacting the residential attraction of a website equivalent to “the wave south ocean drive hollywood fl”. The tropical local weather of South Florida, with its heat temperatures and considerable sunshine, instantly shapes the life-style supplied by residences within the space. This local weather promotes out of doors actions and contributes to the desirability of oceanfront properties. For example, the year-round nice climate permits residents to benefit from the seashore and surrounding facilities all year long, fostering a way of neighborhood and lively residing.
Moreover, the financial panorama of South Florida, characterised by tourism, actual property, and worldwide commerce, considerably impacts the worth of native properties. This creates a requirement for residential items catering to each everlasting residents and seasonal guests. The actual property market in South Florida is usually extra aggressive than that in different areas, leading to increased property values. The presence of Fort Lauderdale Worldwide Airport close by is essential for tourism. The tradition from the tropical local weather can be essential.
In abstract, the hyperlink between South Florida and “the wave south ocean drive hollywood fl” is symbiotic. The area’s local weather, financial system, and cultural attraction instantly have an effect on the property’s worth and life-style proposition. Whereas South Florida provides quite a few advantages, it’s important to think about potential challenges equivalent to hurricane threat and rising property prices. Understanding this connection is vital for making knowledgeable choices about investing in or residing at properties throughout the area. The federal government has tried to extend assist for public buildings to guard the true property.
7. Hollywood Seashore
The proximity of “the wave south ocean drive hollywood fl” to Hollywood Seashore just isn’t merely a coincidental element however a foundational ingredient influencing its desirability and market worth. Hollywood Seashore serves as a major amenity, providing residents rapid entry to leisure actions, eating institutions, and a vibrant cultural environment. The seashore’s constant upkeep, coupled with its well-regarded security report, instantly contributes to the property’s attraction to each potential patrons and renters. For example, the annual Hollywood Seashore ArtsPark Expertise attracts hundreds of tourists, not directly benefiting companies and properties within the neighborhood, together with this particular residential constructing. This common inflow of tourists is a part of an try to assist the native authorities elevate income.
The presence of Hollywood Seashore additional impacts the property’s advertising and marketing and branding. Actual property listings and promotional supplies invariably spotlight the constructing’s direct seashore entry and proximity to the boardwalk, emphasizing the life-style advantages related to this location. The continuing funding in infrastructure and enhancements to Hollywood Seashore, such because the addition of latest parks and leisure services, serves to boost the general attraction of the realm, thereby positively influencing property values. Seashore enhancements are a part of the native authorities plan to maintain the property values excessive.
In conclusion, the connection between “the wave south ocean drive hollywood fl” and Hollywood Seashore is symbiotic, with every entity enhancing the worth and attraction of the opposite. Understanding this connection is essential for potential traders and residents alike, because it underscores the significance of location in figuring out the long-term viability and attractiveness of the property. Challenges embrace managing the potential influence of vacationer visitors and sustaining the property’s aesthetic attraction within the face of ongoing improvement within the surrounding space. It’s potential that the native authorities has different properties in thoughts aside from this one.
8. Ocean Drive
The designation “Ocean Drive” just isn’t merely a road deal with; it’s an intrinsic element defining the character and worth of the property recognized as “the wave south ocean drive hollywood fl”. Its location on Ocean Drive instantly influences the constructing’s market positioning, as this thoroughfare is acknowledged as a outstanding coastal hall. This particular placement offers residents with rapid entry to cultural sights, eating institutions, and the seashore itself. The desirability of the situation contributes to the next property valuation, reflecting the premium related to such direct entry. Moreover, proximity to Ocean Drive ends in heightened visibility and accessibility, attracting potential renters and patrons alike. That is additional compounded by the frequency of native occasions alongside Ocean Drive, equivalent to parades and festivals, enhancing the neighborhood attraction and drawing a gentle stream of tourists to the realm.
The importance of Ocean Drive extends past mere geographical proximity. The aesthetic character of the road, with its architectural types and landscaping, contributes to the general ambiance and perceived status of the encompassing properties. For instance, the presence of upscale boutiques and eating places alongside Ocean Drive enhances the attraction of close by residences. This creates a symbiotic relationship the place the vibrancy and status of the road elevate the desirability of related addresses. Furthermore, the continuing funding in infrastructure and beautification initiatives alongside Ocean Drive instantly advantages properties in its rapid neighborhood, making certain continued aesthetic and useful worth. The common upkeep of infrastructure is a key element of the method.
In abstract, the connection between Ocean Drive and “the wave south ocean drive hollywood fl” is foundational, shaping its id, market worth, and resident expertise. The road’s prominence, accessibility, and aesthetic attraction contribute considerably to the property’s total desirability. Whereas the advantages are appreciable, potential challenges embrace managing elevated visitors and sustaining the property’s exclusivity within the face of public exercise. A complete understanding of this relationship is crucial for potential traders, residents, and stakeholders searching for to capitalize on the benefits conferred by this prime location. Native companies additionally reap the advantages from its location close to the drive.
9. Architectural Design
The architectural design of “the wave south ocean drive hollywood fl” just isn’t merely an aesthetic consideration however a basic element influencing the constructing’s performance, market worth, and integration with its setting. The constructing’s construction displays an understanding of its coastal setting, with design selections doubtless prioritizing resistance to wind, salt, and moisture. Supplies choice, window placement, and structural engineering are all doubtless dictated by these environmental elements. For example, impact-resistant home windows is perhaps applied to mitigate hurricane injury, a design determination that instantly enhances resident security and reduces insurance coverage prices. The cautious choice of supplies ensures structural integrity.
The architectural design additionally impacts the residing expertise throughout the constructing. Layouts of particular person items doubtless intention to maximise ocean views and pure gentle, enhancing the standard of life for residents. Shared areas, equivalent to lobbies, swimming pools, and leisure areas, are designed to foster a way of neighborhood and supply facilities aligned with a luxurious life-style. Accessibility concerns, making certain ease of motion for all residents, would even be built-in into the design. The design maximizes the profit to the residents of the constructing.
In conclusion, the architectural design of “the wave south ocean drive hollywood fl” is inextricably linked to its setting, performance, and market attraction. Whereas visually placing, the design serves sensible functions, enhancing resident security and luxury whereas contributing to the constructing’s long-term worth. Potential challenges embrace balancing aesthetic targets with stringent constructing codes and sustaining the constructing’s structural integrity in a harsh coastal setting. The architectural design is each stunning and useful for residents of the constructing.
Incessantly Requested Questions Concerning
This part addresses frequent inquiries and issues concerning the property, providing clear and concise data primarily based on out there information and established information.
Query 1: What are the present common property values throughout the improvement?
Present common property values fluctuate primarily based on unit measurement, flooring stage, and particular options. Seek the advice of current gross sales information from respected actual property companies for probably the most correct estimates. Official information will present correct measurements of present gross sales.
Query 2: What are the everyday month-to-month affiliation charges and what do they cowl?
Typical month-to-month affiliation charges fluctuate primarily based on unit measurement and canopy frequent space upkeep, constructing insurance coverage, safety companies, and amenity repairs. Potential patrons ought to evaluate the affiliation’s funds and governing paperwork for an in depth breakdown.
Query 3: What restrictions, if any, exist concerning short-term leases?
The affiliation’s governing paperwork define restrictions on short-term leases, together with minimal rental durations and registration necessities. Potential traders ought to rigorously evaluate these laws prior to buy to make sure compliance.
Query 4: How resilient is the constructing to hurricane-force winds and storm surge?
The constructing’s development adheres to present hurricane-resistant constructing codes, incorporating options equivalent to impact-resistant home windows and strengthened structural components. Engineering reviews detailing the constructing’s wind resistance capability can be found upon request.
Query 5: What are the parking choices for residents and friends?
Parking choices sometimes embrace assigned areas for residents and designated customer parking. Particular particulars concerning parking availability and related charges could be obtained from the constructing administration workplace.
Query 6: What facilities can be found throughout the constructing and surrounding space?
Accessible facilities embrace a swimming pool, health heart, neighborhood room, and direct seashore entry. The encircling space provides quite a lot of eating places, outlets, and cultural sights, enhancing the life-style proposition.
Understanding these points is significant for making knowledgeable choices about buying, promoting, or residing at this oceanfront property. All the time seek the advice of official sources {and professional} advisors for correct and up-to-date data.
The next part will present details about factors of curiosity within the space. Keep tuned for an inventory of issues to do close to this location.
Important Issues for Potential Residents
This part offers pertinent recommendation for people contemplating residency. The steering goals to facilitate well-informed choices concerning possession or tenancy.
Tip 1: Conduct Thorough Due Diligence: Previous to committing to a purchase order or lease, scrutinize all related paperwork, together with affiliation bylaws, monetary statements, and engineering reviews. This examination illuminates potential obligations and liabilities related to the property.
Tip 2: Consider Hurricane Preparedness: Given the coastal location, assess the constructing’s hurricane preparedness measures. Inquire about evacuation plans, generator availability, and insurance coverage protection to safeguard private security and property.
Tip 3: Perceive Affiliation Charges and Assessments: Comprehend the breakdown of month-to-month affiliation charges and potential for future particular assessments. These prices signify ongoing monetary obligations that considerably influence total affordability.
Tip 4: Examine Rental Restrictions: If planning to lease the property, meticulously evaluate any restrictions imposed by the affiliation. These restrictions could restrict rental frequency, length, or tenant {qualifications}.
Tip 5: Assess Noise Ranges: Consider potential noise disturbances emanating from Ocean Drive, close by companies, or neighboring items. Conduct website visits at varied occasions of day to gauge typical noise ranges and their potential influence on tranquility.
Tip 6: Safe Skilled Authorized and Monetary Recommendation: Have interaction certified authorized and monetary professionals to evaluate contracts, assess monetary implications, and navigate complicated actual property transactions. Their experience ensures knowledgeable decision-making and mitigates potential dangers.
Adhering to those suggestions empowers potential residents to make educated choices. Cautious analysis of those points optimizes the potential for a profitable and satisfying residency expertise.
The next section will supply concluding remarks, synthesizing the important thing themes and observations offered.
Conclusion
This evaluation has explored the assorted sides of “the wave south ocean drive hollywood fl”, highlighting its prime location, luxurious facilities, and architectural significance. It has examined the property’s relationship with Hollywood Seashore and Ocean Drive, emphasizing their mixed influence on its market worth and resident expertise. The dialogue has additionally thought of the monetary implications of investing on this property, together with potential returns and inherent dangers, along with varied particulars surrounding residing within the space.
Finally, “the wave south ocean drive hollywood fl” represents a novel mix of coastal residing and funding alternative. Nonetheless, potential residents and traders should conduct thorough due diligence, contemplating each the benefits and challenges related to oceanfront property possession in South Florida. Continued vigilance and proactive administration might be important to make sure the property’s sustained worth and desirability in a dynamic actual property market. The information offered ought to present sufficient steering to make an knowledgeable determination on whether or not to buy a house on this space.
