Ocean Palms Homes for Sale

Ocean Palms Condo is a luxury waterfront, luxury community in Hollywood, Broward County, Florida. Properties are priced from $1,100,000 to $3,300,000. Pure Equity lists homes in Ocean Palms and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Ocean Palms 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 12 Ocean Palms Hollywood homes for sale as of October 2026. The median asking price is $1.78M. Asking prices run from $1.14M to $3.25M.

That is 257% above the Hollywood median of $498,000. On a per-foot basis, homes here ask about $770 per square foot, compared with $403 across Hollywood. So the median price buys roughly 2,300 square feet of living area.

Listings here have averaged 170 days on the market. That tracks the Hollywood average of 165 days, so pricing and terms follow the wider city market.

Homes listed in Ocean Palms date from 2005 to 2006. That puts them between 20 and 21 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

Ocean Palms includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

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

At a median near $1.78M, Ocean Palms sits in the luxury tier of Hollywood. Jumbo financing and proof of funds usually come up early in these negotiations.

Rentals in Ocean Palms have a median asking rent of $7,542 per month, across 12 active rental listings. For comparison, the Hollywood median is $2,650, so rents here run 185% higher.

For investors, those medians imply a gross yield near 5.1% 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 Ocean Palms home.

Here is what the median Ocean Palms price means in Florida closing terms. At $1.78M, a 20% down payment comes to about $356,000, leaving a loan near $1.42M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $4,982. Next, the intangible tax of 0.2% adds about $2,847. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Ocean Palms median, that is about $12,455.

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