Wave Homes for Sale

Wave is an oceanfront condominium in Hollywood, Broward County, along the Atlantic, with residences built across a range of years through the mid-2000s. Its listings run from around $219,000 to $686,000, with a median near $404,000, covering one- and two-bedroom layouts on and near the Hollywood beachfront. The location keeps residents close to the ocean, the Hollywood Beach Broadwalk, and dining, with easy access to Fort Lauderdale and Aventura.

Pure Equity Realty covers 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 25 Wave Hollywood homes for sale as of October 2026. The median asking price is $380,000. Asking prices run from $226,000 to $687,000.

That is 24% below the Hollywood median of $498,000. On a per-foot basis, homes here ask about $510 per square foot, compared with $403 across Hollywood. So the median price buys roughly 750 square feet of living area.

Listings here have averaged 173 days on the market. That tracks the Hollywood average of 165 days, so pricing and terms follow the wider city market.

Homes listed in Wave date from 1968 to 2005. That puts them between 21 and 58 years old.

The range straddles 2002, when Florida adopted its statewide building code. Therefore two similar-looking homes here can carry very different insurance premiums. Ask for the wind mitigation report on any home you consider, since it drives much of that difference.

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.

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.

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

Rentals in Wave have a median asking rent of $2,900 per month, across 59 active rental listings. For comparison, the Hollywood median is $2,650, so rents here run 9% higher.

For investors, those medians imply a gross yield near 9.2% 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 Wave home.

Here is what the median Wave price means in Florida closing terms. At $380,000, a 20% down payment comes to about $76,000, leaving a loan near $304,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,064. Next, the intangible tax of 0.2% adds about $608. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Wave median, that is about $2,660.

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 Wave 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.