Joseph W. Young founded the city in 1925. He dreamed of building a motion-picture colony on the East Coast of the United States and named the town after Hollywood, Los Angeles, California. Young bought up thousands of acres of land around 1920, and named his new town "Hollywood by the Sea" to distinguish it from his other real estate venture, "Hollywood in the Hills", in New York.
Hollywood beach in August 2014
Young had a vision of having lakes, golf courses, a luxury beach hotel (Hollywood Beach Hotel, now Hollywood Beach Resort), country clubs, and a main street, Hollywood Boulevard. After the 1926 Miami hurricane, Hollywood was severely damaged; local newspapers reported that Hollywood was second only to Miami in losses from the storm. Following Young's death in 1934, the city encountered more terrific hurricanes and the stock market crashed with personal financial misfortunes.
Hollywood is a planned city. On Hollywood Boulevard is the Mediterranean-style Joseph Young Mansion, built around 1921, making it one of the oldest houses in Hollywood.