Madison Homes for Sale

Madison is a residential community in Hollywood, Florida. Active listings are currently priced from $170K–$170K.

Pure Equity Realty covers Madison and the Hollywood area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 5 Madison Hollywood homes for sale as of September 2026. The median asking price is $170,000. Asking prices run from $140,000 to $170,000.

That is 66% below the Hollywood median of $498,000. On a per-foot basis, homes here ask about $293 per square foot, compared with $403 across Hollywood. So the median price buys roughly 600 square feet of living area.

Listings here have averaged 138 days on the market. That tracks the Hollywood average of 165 days, so pricing and terms follow the wider city market.

Homes listed in Madison date from 1989, so they are about 37 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

Madison is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in Madison have a median asking rent of $1,650 per month, across 5 active rental listings. For comparison, the Hollywood median is $2,650, so rents here run 38% lower.

For investors, those medians imply a gross yield near 11.6% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Hollywood rentals or ask us for a rent estimate on a specific Madison home.

Here is what the median Madison price means in Florida closing terms. At $170,000, a 20% down payment comes to about $34,000, leaving a loan near $136,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $476. Next, the intangible tax of 0.2% adds about $272. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Madison median, that is about $1,190.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Madison listings show assignments to Hollywood Central (elementary), Olsen (middle) and South Broward (high). However, boundaries can change each year, so confirm the assignment for a specific address with Broward County Public Schools.