Gracewood in Hollywood

Gracewood Homes for Sale in Hollywood, FL

Hollywood · Broward County

An established, mid-century residential neighborhood in Hollywood, attainable homes on tree-lined streets in a central Broward location.

Established neighborhoodAttainable and centralNo mandatory HOA expected
Live Market Pulse
50/100
Momentum
Buyer-Leaning Market (limited data)
Tight supply keeps sellers in control, but dated interiors still trade at a discount, so condition is where buyers win.
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Unlock Off-Market Gracewood

Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive BeachesMLS data14 years of closingsLocal renovation analysisUpdated twice daily
LiveMarket PulseBeachesMLS
n/a
Median Price
0mo
Supply
98days
Avg DOM
Soft
Seller Leverage
n/a
Median $/Sqft
n/a
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Gracewood is an established Hollywood neighborhood dating to the late 1940s, a built-out community of detached homes on tree-lined streets in a central Broward location (ZIP 33024). It is a condition-and-lot buy: the home's condition, the lot, and any updates drive value far more than the address, and most homes are not expected to carry a mandatory HOA. The read is to confirm any HOA or special assessment, read the home's condition and roof and systems honestly, and comp within the neighborhood. The attainable price point and the central location near major roads and Hollywood's amenities are the durable draw."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Gracewood is an established residential neighborhood in Hollywood, Broward County (ZIP 33024), with roots dating to the late 1940s and a build-out that has continued over the decades since.

It is a built-out community of several hundred detached homes on tree-lined streets, with open floor plans, garages, and yards typical of mid-century and later Hollywood construction. Confirm the exact home type and the specifics for a particular property.

Most homes in an established neighborhood like this are not expected to carry a mandatory homeowners association, though some pockets or later additions may; confirm the HOA status, any dues, and any special assessment for the specific home.

The draw is an attainable, established setting in a central Broward location, convenient to major roads, Hollywood's amenities, and the wider county. Value turns on the home's condition and the lot; this guide reflects the neighborhood's general character, so confirm the details for a specific home.

Best for

  • Buyers who want an attainable, established home in central Hollywood
  • Buyers who value a built-out, tree-lined neighborhood character
  • Buyers who prefer no mandatory HOA where it applies
  • Buyers comfortable reading condition and confirming the specifics

Probably not for

  • Buyers who want a gated luxury community or new construction
  • Buyers who want a large estate lot or waterfront
  • Buyers who want resort-style amenities behind a gate
  • Buyers unwilling to read condition and confirm any HOA status

How Gracewood is performing right now

50/100
momentum
Buyer-Leaning Market (limited data)
Seller's marketBalancedBuyer's market
0Months of supplytight
97Median days on marketdays
1 : 2Under contract vs for salestrong demand
0Sold in last 12 monthsliquidity
+0%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from BeachesMLS, as of June 15, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Gracewood listings and the trailing twelve months of closed sales.

8.6A- score
Momentum intelligence
Momentum buy score

Our proprietary read on how a home in Gracewood buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Gracewood

Live MLS inventory for Gracewood. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.

Active and pending Gracewood listings as of 2026-06-15, priced high to low. 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.. Tap any home to ask about it.

Listing locations from BeachesMLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

The takeaway

The location is the everyday-convenience case: shopping, schools, and the major roads are all a manageable drive.

I-95 (Hollywood or Sheridan)~10 to 15 min · north-south interstate
Florida's Turnpike (Hollywood Blvd)~5 to 10 min · west
Memorial Regional Hospital~10 to 15 min · central Hollywood
Hollywood Beach and the Broadwalk~20 to 25 min · east
Fort Lauderdale-Hollywood (FLL)~15 to 20 min · east
Hard Rock Hollywood~10 to 15 min · northeast

Distances and drive times are approximate and vary with traffic. Confirm your real commute at your real departure time.

Nearby Communities

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Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr
Gracewood (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take
  • Broward County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Confirm current ratings before relying on them
  • Private and parochial options nearby

Gracewood is served by Broward County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Buying with schools in mind? We can confirm the exact zoned schools for any Gracewood address.

The takeaway

What is actually shaping value at Gracewood, sourced and dated. We do not publish rumor.

Recent Developments in Gracewood

Our read on what is being built around Gracewood, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishThe structural story is steady demand for attainable, established homes in a central Hollywood location, where condition and the lot drive value. The watch items are the condition of an aging mid-century stock and confirming any HOA status by property.

Attainable, established central-Hollywood neighborhood

BullishAn attainable, built-out neighborhood in a central Broward location supports steady, value-oriented demand. impact
SignificanceRadius: Community

Attainable, established central-Hollywood neighborhood

Central location near major roads

BullishQuick access to I-95, the Turnpike, hospitals, the beach, and the airport supports the neighborhood's everyday convenience. impact
SignificanceRadius: Area

Central location near major roads

Aging mid-century stock

NeutralAs a neighborhood with mid-century roots, condition, roof age, and systems vary widely; confirm them for the specific home. impact
SignificanceRadius: Community

Aging mid-century stock

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Gracewood, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

  1. 1949
    Origins

    Gracewood established in late-1940s Hollywood

    Neighborhood profiles describe Gracewood as a Hollywood community with roots dating to 1949 that has continued to develop over the decades, a built-out neighborhood of several hundred detached homes. Why it matters: A long-established, built-out neighborhood means most value turns on condition and the lot rather than any community amenity. Source

  2. Established community
    Overview

    Gracewood as a central-Hollywood residential neighborhood

    Available data describes Gracewood as an established residential neighborhood of mostly detached homes on tree-lined streets in a central Hollywood location. Why it matters: This reflects the neighborhood's general character; confirm the home type, any HOA status, the condition, and the school zoning for a specific property. Source

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.

If we were buying in Gracewood, this is the order of operations we would run, and the one we run for our clients.

1

Confirm any HOA status. Verify whether the specific home carries a mandatory homeowners association, any dues, and what they cover.

2

Read the home's condition. Confirm the roof, electrical, plumbing, and any updates on a mid-century home, and budget accordingly.

3

Read the lot and the street. Confirm the lot size, position, and the immediate street, since both drive value in a built-out neighborhood.

4

Comp within the neighborhood. Price against the closest comparable in Gracewood, not a city-wide average.

5

Verify the school zoning by address. Confirm the exact assignment with Broward County Public Schools for a specific home.

Best Buy
An updated, well-kept home on a strong lot, priced to comparable sales in the neighborhood, with any HOA status confirmed.
Biggest Risk
Underbudgeting the roof, systems, and modernization on a mid-century home, or missing flood considerations.
Best Lot
Better lots and updated homes hold value over dated, smaller ones.
Smart Timing
Demand is steady for affordability and the central location; condition matters more than timing.
The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

Gracewood is an established residential neighborhood in Hollywood, Broward County, with roots dating to the late 1940s and a build-out that has continued since, a community of several hundred mostly detached homes on tree-lined streets in a central Broward location. Most homes are not expected to carry a mandatory homeowners association, though some pockets may. This guide reflects the neighborhood's general character; value turns on the home's condition and the lot, so confirm the home type, any HOA status and dues, the condition, the roof and systems, flood considerations, and the school assignment by address for a specific home before relying on them.

The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

Entry: original mid-century homes

Older, original homes, the more attainable way into the neighborhood. The cost to update the roof, systems, and finishes drives value.

Lowest entry
Core: updated homes

Renovated homes with newer kitchens, baths, roof, and systems, the heart of the neighborhood. Condition sets where these land.

Most inventory
High: larger updated homes

Larger or fully reimagined homes on a strong lot, the top of the local range. Move-in condition drives the premium.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

Entry: original mid-century homes
Older, original homes, the more attainable way into the neighborhood. The cost to update the roof, systems, and finishes drives value.
Core: updated homes
Renovated homes with newer kitchens, baths, roof, and systems, the heart of the neighborhood. Condition sets where these land.
High: larger updated homes
Larger or fully reimagined homes on a strong lot, the top of the local range. Move-in condition drives the premium.

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

15-Second Take
  • Renovation math decides the deal
  • Better lots and views resell strongest
  • Roof and HVAC age drive the insurance quote
  • Interior lots are where buyers overpay
Jon Brooks, Momentum Realty
Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

No CDD on the tax billStrong
Central Hollywood locationStrong
Scarce golf and lake homesitesStrong
$30M club reinvestment to 2028Positive
All-resale 1990s conditionManage it

Momentum analysis based on the community's structure, location, lot scarcity, and housing stock. Not a guarantee of future value.

Jon Brooks, Momentum Realty
Operator Note

The strongest value pocket is usually a renovated home on a good lot priced just under the next tier up. Buyers chasing the single biggest house often pay top prices for what is really a renovation project.

5 Mistakes Buyers Make in Gracewood

15-Second Take
  • Calling the listing agent (who works for the seller)
  • Misjudging the renovation budget
  • Overpaying for an interior lot
  • Underbudgeting the carrying costs
  • Skipping the roof, HVAC, and systems check

The same five mistakes cost buyers the most in any market. Every one is avoidable with the right preparation before you tour.

The attainable price and the central Hollywood location are the draw. The deal is won or lost on the condition, the roof and systems, and the lot.

Jon Brooks · Founder, Momentum Realty
7.3B · Buy Score
Resale Strength7.3/10
Renovation Risk5.6/10
Location Efficiency8.2/10
Long-Term Defensibility7.2/10
Carrying Cost Advantage8.0/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Why our read on Gracewood is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live BeachesMLS feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live BeachesMLS feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates
Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.

Which Lots & Views Hold Value Best

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)
$261 value$401 premium
Lake / waterPreserveInterior

Fill = price per square foot; ring = lot type, inferred from listing descriptions. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from BeachesMLS; for orientation, not an appraisal.

15-Second Take
  • Better lots and updated homes hold value best
  • Condition, roof, and systems are the biggest swing
  • No mandatory HOA expected on most homes
  • The central Hollywood location is the durable draw
  • Comp within the neighborhood and confirm the specifics

At Gracewood the value drivers are the home's condition and the lot, in an attainable, established, tree-lined neighborhood in a central Hollywood location. Updated homes with newer roofs and systems hold value over dated, original ones. Because this is a mid-century neighborhood, confirm the roof, electrical, plumbing, any HOA status, and flood considerations for the specific home, and compare against the closest comparable rather than a city-wide average.

Gracewood in 15 seconds.

Best forBuyers who want an attainable, established home in central Hollywood on a tree-lined street.
Strong onAffordability, a built-out neighborhood character, and quick access to I-95, the Turnpike, the beach, and the airport.
WatchThe roof, systems, and condition of a mid-century home, plus any HOA status and flood considerations by property.
Not forBuyers who want a gated luxury community, new construction, a large lot, or waterfront.
The edgeAn updated, attainable home on a good lot in a central location is a durable value when the condition and the roof check out.

HOA, CDD & Fees

15-Second Take
  • Established central-Hollywood neighborhood since 1949
  • Mostly detached homes on tree-lined streets
  • No mandatory HOA expected on most homes
  • Confirm any HOA status for the specific home
  • Condition, roof, and the lot drive value

Most homes in an established neighborhood like Gracewood are not expected to carry a mandatory homeowners association, though some pockets or later additions may. Confirm whether the specific home has an HOA, the dues, and what they cover, and budget for the upkeep of a mid-century home.

Where an HOA applies it would cover common areas or shared standards; confirm the exact inclusions and dues for a specific home. Recreation is largely public parks and Hollywood city facilities nearby.

Gracewood is a built-out residential neighborhood rather than an amenity club; the central location and the attainable price are the defining features. Confirm any community association for the specific pocket.

The takeaway

Selling here is won on condition and view, not the Zestimate. The right number comes from closed comps matched to your renovation level and lot.

Momentum listings (YTD)
97.98%
Sold-to-list ratio across our market for our agents, sellers keeping more of their price.
Market average (YTD)
96.73%
The broader metro average sold-to-list ratio over the same period.
Momentum days on market
64 days
Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.
Market days on market
72 days
The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus our market average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Gracewood, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Gracewood, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Gracewood home worth?

Get a no-obligation home value based on real comparable sales in Gracewood matched to your condition, lot, and view, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

See homes for sale in Gracewood on the map →
Or get your Gracewood home value & selling guide →

Real comps, not a Zestimate.

Gracewood Market Scorecard

Buyer-Leaning Market (limited data)

Gracewood is currently a buyer-leaning market (limited data). Limited supply, a median asking price of $609,500, and homes go under contract in about 97.5 days.

n/a
Months supply
$609,500
Median list
n/a
Median sold
n/a
Per sqft
97.5
Days on mkt
2/1/0
Active/Pend/Sold

Typical home value in the 33024 ZIP is $468,409, about 23.2% above the Florida norm (Zillow Home Value Index).

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

Live data: BeachesMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

Where is Gracewood in Hollywood?
Gracewood is an established residential neighborhood in a central part of Hollywood, Broward County (ZIP 33024), convenient to I-95, the Turnpike, hospitals, the beach, and the airport.
Does Gracewood have an HOA?
Most homes in this established neighborhood are not expected to carry a mandatory homeowners association, though some pockets or later additions may. Confirm whether the specific home has an HOA and the dues before buying.
When was Gracewood built?
Gracewood has roots dating to the late 1940s, around 1949, and has continued to develop over the decades, so the housing stock spans mid-century and later construction.
What kinds of homes are in Gracewood?
Mostly detached homes on tree-lined streets, with open floor plans, garages, and yards typical of mid-century and later Hollywood construction. Confirm the exact home type for a specific property.
Is there a CDD fee at Gracewood?
Confirm whether any HOA or special assessment applies to a specific parcel as a matter of course; an established neighborhood like this generally predates the CDD-heavy era of development.
What schools serve Gracewood?
The neighborhood is part of Broward County Public Schools. Assignment is by address and changes periodically, so confirm the exact zoned schools for a specific home with the district.
How is the commute from Gracewood?
It is central, minutes to the Turnpike with I-95 a short drive, and Memorial Regional Hospital, Hollywood Beach, the Hard Rock, and the airport all within a short drive.
Should I worry about home condition?
Read it closely. On a mid-century home, confirm the roof, electrical, plumbing, and any updates and budget accordingly, since condition is the biggest swing in value.
Is Gracewood affordable?
It is an attainable, established neighborhood, though prices move with the market and the condition of a specific home. Confirm current pricing for a particular property.
Is Gracewood good for a range of buyers?
It is an established, tree-lined neighborhood in a central Hollywood location convenient to parks, schools, and major roads. Confirm the zoned schools for a specific home.
Is Gracewood a good investment?
An attainable, established neighborhood in a central location supports steady demand, with value turning on condition and the lot. This is not a guarantee of future value.
Should I use the listing agent to buy here?
No. The listing agent works for the seller. Because condition drives value on a mid-century home, having your own representation to read the home and the comps is the highest-leverage decision you make.
What is the area around Gracewood like?
It is an established, attainable, tree-lined part of central Hollywood, convenient to highways, hospitals, the beach, and the airport, with a mix of mid-century and updated homes.
You want an attainable, established home in central HollywoodExcellent fit
You value a built-out, tree-lined neighborhood characterExcellent fit
You prefer no mandatory HOA where it appliesExcellent fit
You are comfortable reading condition and the roof and systemsExcellent fit
You will confirm any HOA status and comp within the neighborhoodExcellent fit
You want a gated luxury community or new constructionProbably not
You want a large estate lot or waterfrontProbably not
You want resort-style amenities behind a gateProbably not
You are unwilling to budget mid-century modernizationProbably not
You want a high-profile, name-recognition luxury addressProbably not

Get the inside read on Gracewood

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Gracewood home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

We respond personally, usually the same day.

You are all set.

A Momentum Realty Gracewood specialist will reach out personally, usually the same day.

BeachesMLS logo
Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. Source: Listing photos provided by BeachesMLS, Inc. Information deemed reliable but not guaranteed.

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