Builder · No. 8 on the water in Delray Beach · permits 2024–2025
Formative Builders
3houses2cities
3 new homes since 2024: 2 in Delray Beach, 1 in Boca Raton. 3 on the water, mostly in Las Palmas, Tropic Isle and Bel Marra. State license CGC1534890.
Where they build
City by city, each against its own typical build
New homes3
0 complete · 2 rising · 1 quiet
On the water3
100% of their homes · rank 53 overall
Typical build—
No finished homes yet
Top recorded sale—
No finished-home sale on record
Rising now
2 homes in progress
RisingWaterfront
898 Appleby St
Bel Marra, Boca RatonFormative Builders
Permit
Foundation
Vertical
Finish
CO
Done
Lot bought$2.7M
Plan~7,928 sf
Likely price$9.35–13.1M
RisingWaterfront
942 Bolender Dr
Tropic Isle, Delray BeachFormative Builders
Permit
Foundation
Vertical
Finish
CO
Done
Lot bought$2.05M
Home—
Est. doneMar–Nov ’27
Against the market
homes since 2021Median declared permit value $2M per home, the 23rd highest among 188 builders with three or more homes. Declared values run well below real construction cost.
Their lots cost a median $2.37M.
Every new home on record
Portfolio
| Address | City | Neighborhood | Permit | Status | Lot | Declared permit value | Sale |
|---|---|---|---|---|---|---|---|
| 1 Fisher LnWater | Delray Beach | Las Palmas | Aug 2025 | Quiet | — | $2.27M | — |
| 942 Bolender DrWater | Delray Beach | Tropic Isle | Apr 2025 | Rising | $2.05M | — | — |
| 898 Appleby StWater | Boca Raton | Bel Marra | Nov 2024 | Rising | $2.7M | $1.74M | — |