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: state registration year (2004) reflects the conversion, not original construction.
No red flags currently on our file (last updated 2026-07-07) — but our file reflects publicly identified issues, not verified good standing. Your report re-checks all 14 risk categories fresh and tells you exactly what to verify with the association.
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 · Aquarius · Watergate Condominiums and Yacht Club · Quadomain · Grandview at Emerald Hills · All Hollywood condos