Summit Homes for Sale

Summit Condo is a waterfront community in Hollywood, Broward County, Florida. Active listings are priced from $334,500 to $1,100,000. Homes were built between 1982 and 1983. Pure Equity lists homes in Summit 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 Summit 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 17 Summit Hollywood homes for sale as of October 2026. The median asking price is $549,000. Asking prices run from $375,000 to $1.1M.

That is 10% above the Hollywood median of $498,000. On a per-foot basis, homes here ask about $369 per square foot, compared with $403 across Hollywood. So the median price buys roughly 1,500 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 Summit date from 1982 to 1983. That puts them between 43 and 44 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.

Summit 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.

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

Rentals in Summit have a median asking rent of $4,500 per month, across 7 active rental listings. For comparison, the Hollywood median is $2,650, so rents here run 70% higher.

For investors, those medians imply a gross yield near 9.8% 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 Summit home.

Here is what the median Summit price means in Florida closing terms. At $549,000, a 20% down payment comes to about $110,000, leaving a loan near $439,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,537. Next, the intangible tax of 0.2% adds about $878. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Summit median, that is about $3,843.

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 Summit 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.