Sheridan Lakes Condo Apts
Homes for Sale in Hollywood, FL
True comps, carrying-cost math, and listings before the portals.
Sheridan Lakes Condo Apts is a condo conversion in Hollywood, and that matters for pricing. The median closed at $118,000 in the trailing quarter—$162 per square foot—but homes took 105 days to sell. Buyers here are shopping condition and location within the complex, not luxury finishes. Expect a wide spread based on how much an owner has invested in upgrades and whether the unit has been rented heavily.
The market has softened: prices are down nearly sixteen percent year-over-year, and inventory sits longer than most condo segments in Broward. If you're selling, condition and realistic pricing matter more than ever. If you're buying, the long days-on-market and the downward price trajectory give you negotiating room—but understand you're acquiring a converted apartment with all the governance and reserve-study questions that come with it.
Sheridan Lakes Condo Apts right now
🔴 Off the recent peak. The trailing-12-month median ($118K) is down 15.7% from the prior 12 months ($140K). 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 6 sales in the two windows).
What's unique here: the median sale price is about 75% below the typical Broward County sale ($118K vs $472K, trailing 12 months, Beaches MLS records).
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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
Sheridan Lakes Condo Apts market snapshot (as of July 15, 2026): the median sale price is about $118K ($162 per sq ft over the trailing 12 months of closed sales), and a median 105 days on market for closed sales. The trailing-12-month median is down 16% from the prior 12 months, computed from record-level Beaches MLS closed sales (3 closings in the current window).
Sheridan Lakes Condo Apts in Hollywood is a converted apartment community with a median sale price of $118,000 and a market that has turned distinctly buyer-favorable: homes now take over three months to sell, and pricing is down sharply year-over-year.
Who Sheridan Lakes Condo Apts is best for.
Best for
- Cash buyers seeking the absolute lowest entry price in Broward and willing to own an older conversion long-term.
- Small-scale investors comfortable underwriting rental income against HOA rules, assessment risk, and slower resale velocity.
- First-time buyers with tight budgets who have researched condo conversions and set aside reserves for building-system surprises.
Probably not for
- Buyers who need a liquid asset or expect to sell within three years in a still-softening market.
- Anyone seeking modern finishes, resort amenities, or low-maintenance ownership without governance complexity.
- Investors relying on appreciation rather than cash flow, or buyers without capital cushion for unexpected special assessments.
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 ($118K) IS the median in the snapshot above, and the move from 2025 ($140K) IS the -15.7% one-year change.
Windows contain 0 to 6 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 Sheridan Lakes Condo Apts buying strategy.
If we were buying in Sheridan Lakes Condo Apts 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 Sheridan Lakes Condo Apts.
Conversions, condition, and cash-flow math
Sheridan Lakes began as rental apartments, which means construction was built to multifamily code—not the single-sale ownership standard of a ground-up condominium. That distinction shows up in soundproofing, finish durability, and sometimes reserve-fund health. Some units have been owner-renovated; others still carry original builder-grade fixtures and wear from tenant turnover. Price variance inside the complex is driven almost entirely by condition, floor, and whether an owner has replaced flooring, kitchens, or HVAC.
The market here has cooled measurably. Inventory that once moved in weeks now lingers past the hundred-day mark, and the year-over-year price decline reflects both broader Broward condo softness and the specific challenges of older conversions competing with newer product. Buyers are weighing monthly fees, special-assessment risk, and the opportunity cost of tying up capital in a slower-moving asset. Sellers who price at last year's comps are watching their listings age out of relevance.
Location is Hollywood proper—older suburban Broward, not the beach, not downtown. You are near commercial corridors, everyday retail, and highway access, but this is not a resort or a walkable urban quarter. The appeal is purely economic: low entry cost and, for some buyers, rental-income potential if the association permits leasing. The risk is illiquidity and the unpredictability of deferred maintenance in a conversion complex where reserve studies may not fully account for end-of-life systems.
The location and the amenities are priced into every listing in Sheridan Lakes Condo Apts. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Momentum agents live in the forensic details that matter in condo conversions: reading association budgets, checking special-assessment history, understanding which buildings in the complex have had plumbing or roof work, and knowing when a unit's price reflects real value versus deferred problems. We will walk you through what the monthly fee actually covers, how rental restrictions are enforced, and whether the current market posture makes this a buy, a wait, or a pass. If Sheridan Lakes does not fit your risk tolerance or liquidity timeline, we will tell you—and show you what does.
Sheridan Lakes Condo Apts 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 Sheridan Lakes Condo Apts 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 Sheridan Lakes Condo Apts sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Sheridan Lakes Condo Apts, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Sheridan Lakes Condo Apts home worth?
Get a no-obligation home value based on real comparable sales in Sheridan Lakes Condo Apts, 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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Frequently Asked Questions
What is the median home price in Sheridan Lakes Condo Apts?
How long do homes in Sheridan Lakes Condo Apts take to sell?
Who is the best real estate agent for Sheridan Lakes Condo Apts?
How do I find a top Hollywood real estate agent who knows Sheridan Lakes Condo Apts?
Can Momentum Realty connect me with an agent for Sheridan Lakes Condo Apts?
Should you buy in Sheridan Lakes Condo Apts?
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 2012 (29 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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