The Wave Homes for Sale

The Wave Condo is a waterfront community in Hollywood, Broward County, Florida. Active listings are priced from $375,000 to $500,000. Homes were built starting 1968. Pure Equity lists homes in The Wave 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 The Wave 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 2 The Wave Hollywood homes for sale as of October 2026. The median asking price is $488,000. Asking prices run from $475,000 to $500,000.

That sits close to the Hollywood median of $498,000. On a per-foot basis, homes here ask about $803 per square foot, compared with $403 across Hollywood. So the median price buys roughly 600 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 454 days on the market. That is slower than the Hollywood average of 165 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in The Wave date from 1968, so they are about 58 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.

The Wave 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.

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

Rentals in The Wave have a median asking rent of $2,500 per month, across 5 active rental listings. For comparison, the Hollywood median is $2,650, so rents here run 6% lower.

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

Here is what the median The Wave price means in Florida closing terms. At $488,000, a 20% down payment comes to about $98,000, leaving a loan near $390,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,365. Next, the intangible tax of 0.2% adds about $780. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the The Wave median, that is about $3,413.

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 The Wave listings show assignments to Hollywood Central (elementary). However, boundaries can change each year, so confirm the assignment for a specific address with Broward County Public Schools.