The Wave is a 17-story oceanfront mixed-use condominium on Hollywood Beach with 551 residences plus 23 retail stores, originally a 1969 building that was converted to condos in a $10 million MCZ/Centrum redevelopment finished in 2004. Studios and one- to two-bedroom units run a compact 482-1,200 square feet, and the building opens directly onto the sand with a pool deck restaurant, hot tub waterfall and beach service. It sits on South Ocean Drive near the southern end of the Hollywood Beach Broadwalk. Note: DBPR registration year (2004) reflects the conversion, not original construction.
This building is in our statewide file. When you order, we run a fresh scan across 14 risk categories — inspections, assessments, structural condition, litigation, insurance and more. Your report shows what public records revealed, and just as important, what they couldn't — so you know exactly what to verify before you make an offer. Delivered within 24 hours.
Get the full Intelligence Report — $9.99Publicly reported association fees at The Wave are approximately $500-$1,000/mo (publicly reported), covering water, internet & cable TV, central A/C, pool maintenance, security, trash removal. Buyers should verify the current fee schedule for the specific unit with the association.
The Wave was built in approximately 1969 and rises 17 floors with 551 units.
Florida condominiums of this age are subject to milestone inspection and structural reserve requirements. Our Intelligence Report covers what official city and county records show for this building, and what remains for a buyer to verify with the association.
When you buy into a condo building that's 15 or more years old — anywhere in the US — you should expect by default that an assessment, or several, is in effect or on the way: roof repairs, elevator replacement, repaving, facade work. Buildings age on a schedule, and the bill lands on the owners: often hundreds of dollars a month on top of your mortgage, HOA fee, taxes, and insurance. The unit listing rarely mentions any of it.
In Florida, the stakes for older buildings are higher still. Since the 2021 Surfside tragedy, state law requires milestone structural inspections at 30 years (25 in some coastal areas), Structural Integrity Reserve Studies, and — critically — bars associations from waiving reserve funding for structural components, ending decades of artificially low fees. Add the state's insurance surge, and many older buildings carry obligations that never appear in a listing. None of this makes an older building a bad purchase — but the difference between a well-run 1970s tower and a struggling one can be tens of thousands of dollars per unit. That's the question our building intelligence answers.
Nearby in Hollywood: Sheridan Lakes · Trafalgar Towers · Aquarius · Hillcrest East Building 22 · Hillcrest No. 21 · All Hollywood condos