Three Islands 3Rd Section
Homes for Sale in Hollywood, FL

Three Islands 3Rd Section market snapshot (as of July 15, 2026): the median sale price is about $1.15M ($515 per sq ft over the trailing 12 months of closed sales), and a median 68 days on market for closed sales. The trailing-12-month median is down 6% from the prior 12 months, computed from record-level Beaches MLS closed sales (23 closings in the current window).

Three Islands 3rd Section is a canal-laced enclave in eastern Hollywood where the value proposition is waterfront boat access at a price point below comparable Intracoastal communities to the north. The median closed at $1.15M as of mid-July 2026, reflecting a market that has cooled modestly but remains firmly positioned for buyers prioritizing dockage and direct navigable water.

The defining characteristic of Three Islands 3rd Section is canal frontage with boating infrastructure. Homes here are priced for their water access—dock capacity, seawall condition, canal depth, and proximity to the Intracoastal. The $515 per square foot median reflects that calculus; interior-lot homes lag significantly, while prime canal positions command premiums that widen the overall price distribution.

At 68 days on market, absorption has slowed relative to the frenzy of prior years. The 6% year-over-year decline signals a recalibration: sellers who bought or refinanced at peak are adjusting expectations, and buyers have regained negotiating leverage. Twenty-three closings in the trailing period means the market is functional but selective. Inventory is not deep, so well-priced waterfront listings still move; overpriced or deferred-maintenance properties sit.

There are no identified community amenities—no clubhouse, no pool, no HOA programming. What you're buying is the land, the water, and the location. Proximity to Hollywood Beach, the Broadwalk, and A1A dining gives you resort access without resort fees. The trade-off is an older housing stock with varying degrees of updating and a neighborhood fabric that depends entirely on individual lot maintenance. This is a DIY boating enclave, not a managed resort community.

Three Islands 3rd Section rewards local expertise and punishes guesswork. Momentum's analysts know which canals offer the fastest Intracoastal access, which seawalls have been rebuilt in the last five years, and which listings are priced against comps that don't reflect real condition or water depth. We will walk the lot lines, review dock permits, and tell you when a home is overpriced for its canal position. In a market where the median sits at $1.15M and days-on-market have stretched to 68, having a broker who understands the waterfront premium—and when it's justified—makes the difference between a smart acquisition and an expensive learning experience.

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