Exceptional development and investment opportunity in the highly desirable Hollywood Lakes neighborhood! Located at 939 Washington St, this property sits on an approximately 9,199 SF lot in a rapidly developing area surrounded by luxury residences, multi-million-dollar homes, and new construction. A NEW HOME PROJECT HAS ALREADY BEEN DESIGNED, giving a buyer, builder, or investor an excellent head start toward creating a brand-new luxury residence. Outstanding opportunity to BUILD AND RESELL FOR PROFIT or BUILD YOUR OWN DREAM HOME in one of Hollywood's most desirable residential neighborhoods. The area continues to attract significant investment, with older homes being replaced and transformed into impressive new luxury residences. Excellent location close to Hollywood Beach, Downtown Hollywood, parks, restaurants, shopping, and major roadways. The existing 3-bedroom, 2-bath home provides additional flexibility while planning the future development. PRIME LOCATION + LARGE LOT + NEW HOME PROJECT = EXCELLENT INVESTMENT OPPORTUNITY. Plans and additional project information are available upon request. Buyer to verify all zoning, building requirements, dimensions, approvals, and development possibilities with the City of Hollywood.