Royal Terrace Homes for Sale

Royal Terrace is a residential community in Hollywood, Florida.

Pure Equity Realty covers Royal Terrace 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 a single listing for Royal Terrace Hollywood homes for sale as of September 2026. The median asking price is $165,000.

That is 67% below the Hollywood median of $498,000. On a per-foot basis, homes here ask about $244 per square foot, compared with $403 across Hollywood. So the median price buys roughly 700 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 96 days on the market. That is faster than the Hollywood average of 165 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Royal Terrace date from 1965, so they are about 61 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.

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

Rentals in Royal Terrace have a median asking rent of $1,500 per month, across 1 active rental listing. For comparison, the Hollywood median is $2,650, so rents here run 43% lower.

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

Here is what the median Royal Terrace price means in Florida closing terms. At $165,000, a 20% down payment comes to about $33,000, leaving a loan near $132,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $462. Next, the intangible tax of 0.2% adds about $264. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Royal Terrace median, that is about $1,154.

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 Royal Terrace 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.