1925 Hollywood Lakes Estate Heads to Auction on $3.06M Judgment

A nine-bedroom historic estate in Hollywood’s Lakes Section is set to hit the courthouse steps September 22, closing out a foreclosure case that has run since 2019. Broward County’s auction calendar lists a $3,060,973.81 judgment against 1055 Hollywood Boulevard, a 1925 mansion that still carries a full homestead exemption in the name of owners Richard and Michelle Vest. The final judgment, recorded in Broward’s Official Records in December, names Bank of New York Mellon as plaintiff, with the Vests, National Bank of Kansas City, Mortgage Electronic Registration Systems Inc and United Rentals North America Inc named as defendants.

Why it matters

Large estate lots in Hollywood Lakes, the historic waterway neighborhood a few blocks from the Young Circle and downtown Hollywood corridor, rarely trade in distress. The Property Appraiser’s card shows a 6,389-square-foot main structure on an 18,167-square-foot lot, still assessed with the owners’ homestead cap despite a judgment on file since 2019 and a final judgment entered six years into the case. For anyone tracking the South Florida market for a rare foothold in a tightly held historic district, a courthouse sale is a knowable price discovery event that a private listing on this street would never produce.

The numbers

The judgment totals $3,060,973.81 in case CACE-19-002281, with the final judgment recorded December 3, 2025 as instrument 120576127, a six-page filing in Broward’s Official Records. The Property Appraiser puts the 2026 just/market value at $2,892,030, with land alone assessed at $254,340 on the 18,167-square-foot lot. The house, effective year built 1962 on an original 1925 structure, carries two units, nine bedrooms and 5.2 baths. The last recorded arm’s-length sale on the folio was $750,000 in 2002. Sale is scheduled for 10:00 a.m. ET, September 22, 2026, on the county’s electronic auction platform.

What’s next

Absent a stay, cure or last-minute continuance, the sale proceeds through Broward’s RealForeclose system, where Bank of New York Mellon can credit-bid the judgment if no third party bids higher. Florida law lets the Vests redeem the property by paying the judgment in full any time before the clerk certifies the sale. The docket and the county’s own auction calendar are the only places to confirm what actually happens Tuesday, since a sale this far from downtown’s tower deals has drawn no other coverage.