The Wave Condos For Sale & Rent

The Wave Hollywood Florida Condo Overview

The Wave Hollywood Florida is a Hollywood beach condo building at 2501 Ocean Dr in Hollywood. Built in 2004, the property has 17 stories and 551 residences. Buyers usually compare beach access, resort services, rental rules, parking, view quality, and value versus Miami Beach and Sunny Isles.

The Wave Hollywood Florida Condos for Sale

The Wave Hollywood Florida condos for sale should be compared by ocean, Intracoastal, or city exposure, floor height, line, rental flexibility, resort services, parking, and monthly fees. Buyers should review recent comparable sales, view quality, interior condition, parking, monthly fees, building rules, reserves, and insurance considerations before deciding how a listing is positioned.

The Wave Hollywood Florida Rentals and Rental Policy

Rental policy currently shows a long-term rental setup, a 3-month minimum rental term and up to 4 rentals per year. Buyers should verify association rules, approval timing, lease fees, taxes, city requirements, and current restrictions before relying on projected income.

Amenities and Building Details

The building was developed by MCZ Centrum. The building is pet-friendly. Buyers should review amenities, parking, security, reserves, insurance considerations, association rules, and monthly fees with the specific residence. The outdoor heated swimming pool, surrounded by deluxe cabanas and set amidst tropical landscaping, invites relaxation and leisure. A fully-equipped state-of-the-art fitness center caters to health and wellness needs, while the barbecue grilling station and picnic area are perfect for outdoor gatherings. Residents enjoy direct beach access, an on-site cafe and restaurant, and a variety of recreational facilities. For business needs, there's a business center with conference space, along with a grand ballroom and theater for larger events.

What to Compare Before Buying at The Wave Hollywood Florida

Compare active condos for sale, active rentals, recent sales, beach access, view quality, unit condition, monthly fees, parking, rental rules, pet policy, and Hollywood coastal access. It is also useful to compare The Wave Hollywood Florida with nearby buildings and area pages such as Hollywood Beach.

Market Context

The Wave Hollywood Florida has completed-year closed-sale history from 2017 through 2025 in the market statistics, with 223 recorded condo sales, or about 25 sales per year. That is a deep resale sample for a single building, so buyers can usually find stronger comparable-sale context by bedroom count, line, view, and condition. The busiest year in the series was 2021 with 44 sales, while the quietest was 2025 with 11. Recent completed-year sales volume is below the long-term average. The gap between the busiest and quietest years also shows why buyers should separate building demand from broader market-cycle timing.

The completed-year price-per-square-foot history for The Wave Hollywood Florida ranges from about $414/sqft to $608/sqft, with an average near $493/sqft across the years shown. That range gives buyers room to separate stronger lines and renovated units from more ordinary comparisons. The last completed year in the series is higher than the first, moving from $420/sqft in 2017 to $578/sqft in 2025. The recent completed-year price-per-square-foot average is above the long-term average. Average closed price over the same completed-year period was about $369,801, but that number should be read by bedroom count, size, view, and renovation level.

Bedroom-level statistics also help explain value at The Wave Hollywood Florida: 2 Beds and 1 Bed units have the broadest historical comparison set, while 2 Beds around $608,858 and 1 Bed around $371,765 represent the higher average closed-price tiers in the chart data. Because that segment appears across several years, it is more useful as a comparison base than a one-off sale. Buyers should compare units within the same bedroom count before deciding whether a listing is expensive or well positioned. The Wave Hollywood Florida also has long-term rental positioning with a 3-month minimum lease and up to 4 rentals per year, which should be read together with the long-term sales data. That points to a more traditional ownership profile, so long-term tenant quality, association approvals, and carrying costs matter more than short-stay turnover.