Driftwood Estates No 3
Homes for Sale in Hollywood, FL
True comps, carrying-cost math, and listings before the portals.
Driftwood Estates No 3 is a Hollywood subdivision moving through a recalibration. The median closed at $485,000 in the three-month window through mid-July, down 7.6 percent year-over-year. Median time on market sits at 115 days—nearly four months—which tells you this is a negotiation market, not a bidding-war market. Sellers who price aggressively are sitting; buyers have room to ask questions and make conditional offers.
The fundamentals remain intact: since early in the last decade, values are up 341 percent, so owners who have held for years are still deep in equity. But right now, liquidity matters more than list price. If you are buying, you have time to inspect carefully and negotiate terms. If you are selling, your pricing discipline in the first two weeks will determine whether you close in sixty days or six months.
Driftwood Estates No 3 right now
🟡 Off the recent peak. The trailing-12-month median ($485K) is down 7.6% from the prior 12 months ($525K) and up 341% since 2012. With about 3 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Beaches MLS closed sales, 12-month windows ending July 15. Confidence: Low (3 and 3 sales in the two windows).
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Updated July 15, 2026 · Live data: Beaches MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Driftwood Estates No 3 market snapshot (as of July 15, 2026): the median sale price is about $485K ($340 per sq ft over the trailing 12 months of closed sales), and a median 115 days on market for closed sales. The trailing-12-month median is down 8% from the prior 12 months and up 341% since 2012, computed from record-level Beaches MLS closed sales (3 closings in the current window).
Driftwood Estates No 3 is a Hollywood neighborhood in Broward County where recent median sale prices and extended time-on-market reflect a buyer-favorable environment, though long-term appreciation since the early part of the last decade has been substantial.
Who Driftwood Estates No 3 is best for.
Best for
- Buyers with financing in place who can close in forty-five days and use current market softness to negotiate price and repairs.
- Long-horizon owners who plan to hold for years and can absorb normal market cycles without needing immediate equity gains.
- Buyers seeking straightforward ownership in Hollywood without HOA amenity fees or master-planned community structure.
Probably not for
- Investors or buyers who need to flip or resell within two years in a market currently showing extended time-on-market.
- Buyers who want community pools, clubhouses, or resort-style amenities included in the purchase.
- Anyone whose budget requires immediate post-purchase appreciation to justify the buy—current trajectory is stable, not surging.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 15 of each year, from record-level Beaches MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($485K) IS the median in the snapshot above, and the move from 2025 ($525K) IS the -7.6% one-year change.
Windows contain 0 to 9 sales each (3 in the current window); every figure carries its sample size, and thin markets swing on single closings. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. Deemed reliable but not guaranteed.
The Driftwood Estates No 3 buying strategy.
If we were buying in Driftwood Estates No 3 today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Driftwood Estates No 3.
Market posture and pricing reality
The headline number—median $485,000—tells you where deals are closing, not where most listings start. With nearly four months of median market time, many homes are repricing before they sell. Buyers should treat the list price as an opening position and use the days-on-market count as a negotiating signal. The longer a home sits, the more motivated the conversation.
The year-over-year decline of 7.6 percent is a normalizing move after years of steep gains. It does not signal distress; it signals that speculative froth has burned off and transactions are driven by actual use-case and financing, not momentum. For a buyer, that is a healthier environment: you are competing with other end-users, not with seven all-cash offers sight-unseen.
MLS data shows no community amenities—no pool, clubhouse, or HOA facilities—so you are buying the home and the location, not a resort-style package. That simplicity appeals to buyers who want to own a house without paying for amenities they will not use, but it also means resale appeal depends entirely on the condition of the individual property and the Hollywood address itself.
The location and the amenities are priced into every listing in Driftwood Estates No 3. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Driftwood Estates No 3 buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (8.0). Basis: Long-Term Appreciation +341% since 2012; Recent Direction -7.6% year-over-year; Pricing Power 101.0% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a slow-turn market like this one, your edge is information and timing. Momentum tracks every Driftwood Estates No 3 listing from the day it goes live, watches the price changes, and knows which sellers are six weeks in and ready to deal. We will tell you when a home is overpriced for its condition, and we will not waste your time on listings that are testing the market with no intention of moving. When you are ready to write, we structure offers that reflect actual days-on-market leverage, not generic boilerplate. In a four-month median environment, that is the difference between a clean close and a collapse at inspection.
Driftwood Estates No 3 in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Driftwood Estates No 3 buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Driftwood Estates No 3 sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Driftwood Estates No 3, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Driftwood Estates No 3 home worth?
Get a no-obligation home value based on real comparable sales in Driftwood Estates No 3, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Recent Developments in Driftwood Estates No 3
Development, infrastructure, retail, and school activity affecting Driftwood Estates No 3, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- July 2026Development
Construction Starts on 376-Unit 'The Cove' at 1055 N. Federal Highway in Fort Lauderdale
Affiliated Development has started construction on The Cove, an eight-story, 376-unit apartment building at 1055 North Federal Highway on the former Link hotel site. About 206 of the units are designated workforce housing under the Live Local Act, backed by a 74 million dollar construction loan from Pacific Life. Move-in is anticipated in spring 2028.
What it may mean for the marketAdds a large workforce-oriented rental supply along the North Federal Highway corridor and redevelops a former hotel parcel into housing. The project is about 10 miles north of Driftwood Estates No 3, elsewhere in Broward County.
Source: Florida YIMBY - July 2026Development
$54 Million Pre-Construction Loan Secured for ODA-Designed Skyscrapers in Fort Lauderdale
Dependable Equities secured a 54 million dollar pre-construction loan from CDK Capital for two ODA-designed towers south of the New River near Las Olas Boulevard, at 101 Southeast 7th Street and 633 Southeast 3rd Avenue. The towers would rise about 557 and 563 feet with roughly 1,460 condominium and multifamily residences and about 14,000 square feet of ground-floor commercial space. Construction is anticipated to begin in early 2028.
What it may mean for the marketPositions two high-rise residential towers and ground-floor commercial space for the downtown Fort Lauderdale market south of the New River. The project is about 7 miles north of Driftwood Estates No 3, elsewhere in Broward County.
Source: Florida YIMBY - June 2026Development
38-Story Icon Beach Waterfront Residences Breaks Ground in Hollywood
Related Group and BH Group broke ground on Icon Beach Waterfront Residences, a 38-story, 350-unit tower at 3824 South Ocean Drive in Hollywood, following a June 18 ceremony. The project secured a 360 million dollar construction loan from Tyko Capital and includes about 40,000 square feet of amenities, a 32-slip marina and a beach club. Completion is targeted for 2028.
What it may mean for the marketAdds a large oceanfront condominium supply and private marina to the Hollywood beach market with construction now underway. The site is about 3 miles east of Driftwood Estates No 3.
Source: Florida YIMBY - May 2026Development
Tavistock Development to Expand Pier Sixty-Six
Tavistock Development is advancing an eight-acre second phase of Pier Sixty-Six along Southeast 17th Street, with four mixed-use buildings each rising about 270 feet and 339 residential units. Plans include roughly 185,600 square feet of commercial space with retail, restaurant, grocery and office uses, a waterfront promenade and expanded marina facilities. The project is expected to enter the city development review process in the coming months.
What it may mean for the marketExpands a waterfront mixed-use district with new housing, retail and marina infrastructure along the 17th Street corridor. The project is about 7 miles northeast of Driftwood Estates No 3, elsewhere in Broward County.
Source: The Real Deal - May 2026Development
Integra Wins Approval for Fort Lauderdale Beach Development Again
The Fort Lauderdale City Commission unanimously approved an amended development permit for Integra Solutions' Sereno project at 2901 East 9th Court, raising the condominium count from 76 to 88 and adding 113 hotel rooms in a 14-story structure. It is the third iteration of the plan since initial approval four years earlier. The Planning and Zoning Board had recommended approval in March.
What it may mean for the marketAdds condominium and hotel supply to the Fort Lauderdale beach area through a revised and expanded approved plan. The project is about 9 miles north of Driftwood Estates No 3, elsewhere in Broward County.
Source: The Real Deal - May 2026Development
Fort Lauderdale Advances Opus at 701 Condominium Development
The Fort Lauderdale City Commission voted unanimously to approve Opus at 701, a 13-story, 54-unit waterfront condominium at 632 and 701 Bayshore Drive. The site plan replaces the former Manhattan Tower hotel and a 56-year-old apartment building on a 0.78-acre parcel. The project includes 114 parking spaces and amenities such as a fitness center, spa and waterfront pool.
What it may mean for the marketRedevelops an older hotel and apartment parcel into a new waterfront condominium supply in the Fort Lauderdale beach area. The project is about 9 miles north of Driftwood Estates No 3, elsewhere in Broward County.
Source: The Real Deal
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
Frequently Asked Questions
What is the median home price in Driftwood Estates No 3?
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Have Driftwood Estates No 3 home prices gone up?
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Should you buy in Driftwood Estates No 3?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Beaches MLS closed sales, 12-month windows ending July 15, 2026 |
| Under-contract shares | Beaches MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2011 (37 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Beaches MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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