404 N 17th Ave - Apartments FOR SALE


Hollywood, FL 33020- Downtown Hollywood
$10,000,000 USD
954-312-1681
404 N 17th Ave, Hollywood, FL for Sale
$10,000,000 USD
Apartments - FOR SALE
1/16
null | 8.01% Cap Rate

404 N 17th Ave
Hollywood, FL 33020
Downtown Hollywood


HIGHLIGHTS

  • 31 Total Units (18 Hotel Rooms + 13 Short-Term Rental Units)
  • Exterior Upgrades include: New Plumbing, Electrical, HVAC, Hurricane-Resistant Impact Glass Windows and Doors, New Roof
  • Resort-Style Landscaping – Lush, tropical planting, vibrant pathways, and serene outdoor areas
  • Interior Renovations include: Fully gutted and rebuilt down to the studs with all new finishes
  • Less than a quarter mile from Young Circle and a 5 Minute Drive to Hollywood Beach and Boardwalk
  • Directly across the street from Hollywood Beach Golf Club which is currently undergoing a $12 Million total renovation

OVERVIEW

Château Capone is a 31-unit boutique hospitality asset consisting of 18 hotel rooms and 13 fully equipped short-term rental units, currently undergoing a comprehensive redevelopment with an estimated completion date at the end of 2025. Ideally located less than a quarter mile from Young Circle and just a 5-minute drive to Hollywood Beach and the iconic Boardwalk, the property offers exceptional access to South Florida’s top leisure, retail, and dining destinations. The site sits directly across from the Hollywood Beach Golf Club, which is undergoing a $12 million transformation, further enhancing the long-term value of the surrounding area. Originally constructed in 1940, the property is being fully restored with a modern interpretation of its historic charm. Capital improvements are underway, including all-new plumbing, electrical, and HVAC systems, a brand-new roof reinforced for potential future rooftop amenities, and hurricane-resistant impact glass throughout. The interiors are being fully rebuilt with high-end finishes designed to appeal to today’s short-term rental and boutique hotel guests. In addition, the grounds are being transformed with resort-style landscaping and outdoor guest areas to enhance curb appeal and overall guest experience. The name Château Capone pays homage to the property’s storied past, that suggests a connection to the Al Capone era. This historical intrigue adds a distinctive character and branding opportunity that sets the property apart within the South Florida hospitality market. Upon completion, it will serve as a rare, turnkey short-term rental and boutique hotel hybrid in the heart of Hollywood, Florida—a high-demand market with robust tourism, a growing residential base, and strong fundamentals. With a premier location, luxury upgrades, and rich historical context, Château Capone is positioned to deliver long-term value to both hospitality operators and lifestyle investors.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$450 USD /SF

# OF UNITS

31

PRICE/UNIT

$322,581

CAP RATE

8.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CHÂTEAU CAPONE

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,487 SF

ZONING

FH-2

APN/PARCEL ID

51-42-15-02-0760

ASK ABOUT THIS PROPERTY

Michael McCahonFranklin StreetMore Info
954-312-1681

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Michael McCahonFranklin StreetMore Info
954-312-1681

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.