Ocean Palms Condo
Homes for Sale in Hollywood, FL

Ocean Palms Condo market snapshot (as of July 15, 2026): the median sale price is about $1.53M ($668 per sq ft over the trailing 12 months of closed sales), and a median 110 days on market for closed sales. The trailing-12-month median is up 6% from the prior 12 months, computed from record-level Beaches MLS closed sales (8 closings in the current window).

Ocean Palms Condo is an oceanfront high-rise in Hollywood where a $1.525M median, triple-digit days on market, and single-digit annual volume define a slow, price-sensitive luxury segment driven by location and unit-specific condition.

Eight closings over twelve months is the statistical reality: Ocean Palms does not turn over quickly, and each transaction carries outsize weight in the median. The 109.5-day marketing period and 40-heat score tell you this is a buyer's-pace market where motivated sellers adjust and patient buyers compare carefully. The $668/sf figure is a blended snapshot—floor level, view corridor, remodel status, and deferred maintenance can shift effective pricing by hundreds of dollars per square foot, yet none of that granularity appears in an eight-sale median.

The 5.5% year-over-year increase is modest for a seven-figure ocean segment and suggests price discovery is ongoing rather than momentum-driven. Hollywood's beachfront luxury lacks the frenzy of certain Miami submarkets; instead, you get a mature building stock where each unit's story—original finishes versus full renovation, unobstructed sightlines versus partial obstruction—matters more than any neighborhood trend. Buyers here negotiate on specifics; sellers succeed when they price to condition and accept that urgency is rare.

Oceanfront condos in Broward trade on irreplaceable geography, but Ocean Palms' numbers confirm you are buying into a market that values patience over speed. The thin closings count means comparable data is sparse, elevating the importance of a broker who knows the building's sale history, assessment schedule, and reserve-fund health. This is not a flip market or a speculative play—it is a primary-residence or long-hold decision where the ocean is the amenity and the pace is set by serious, infrequent buyers.

Ocean Palms' eight annual closings and 109-day average time on market demand a broker who reads thin data accurately and knows when a unit is priced to its actual condition rather than to a stale comparable. Momentum's analysts parse every luxury-condo sale in Broward's beach corridor, track assessment and reserve trends that move buyer sentiment, and will tell you when a listing is overpriced or when a building's financials warrant caution. In a market this slow and this expensive, honest counsel and patient negotiation matter more than hype—and that is the edge we bring to every Ocean Palms conversation.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.