Rising

Rising: permitted and not yet finished, with a live permit (the city extends it at each passed inspection) or city records in the past 90 days

Waterfront
Custom

Custom: a company owns the lot, but nothing on record says it’s being built to sell.

1240 SE 12 Way

Lauderdale Harbors, Fort LauderdaleBuilt by Michael Salus Construction4 bd · 5 ba · 2 story · 2-car garage
Aerial of 1240 SE 12 Way, January 20262026 · Broward County · Broward Co.

Aerial from January 2026, before work began. The pink line is the surveyed parcel boundary.

Where it stands

Last city record Jul 14, 2026
Estimated completionSep 2028 – Nov 2029From the permit date, with the middle half of build times for waterfront homes. An estimate, not the builder’s commitment.

The numbers

From deeds, the permit and the parcel roll
Likely to sell for$3.25–4.55MOur estimate from the lot’s price and what new homes nearby sold for. Not an appraisal or the builder’s price. How we estimate it
Lot purchase
$850K Dec 2025
Lot size
7,500 sf 0.17 acres
Declared permit value
$515K as declared; real cost runs well higher
Home size
Not yet on the tax roll
Plan
4 bd · 5 ba · 2 story
Flood zone
AE base flood elevation 7 ft
Waterfront
Yes parcel touches a mapped waterway
Ownership
Company-owned lot likely a custom home

Against the market

Fort Lauderdale · since 2021
Build time, months from permit
0 mo30 mo60 mo

3.9 months since the permit. A typical waterfront home in Fort Lauderdale takes 33.1; the middle half take 26.6–39.9.

Lot price vs. new-build lots in Lauderdale Harbors
$0$4.07M$8.14M

This lot cost $850K. The median new-build lot in Lauderdale Harbors went for $1.7M (22 lots).

  • This home
  • Middle half, Fort Lauderdale waterfront

    95 waterfront homes in Fort Lauderdale permitted 2021–2023, from the permit application to the certificate-of-occupancy packet.

  • Median
How we calculate this

Construction log

1 city record
  1. New-home permit filedResidential New Construction Permit · Issued

Permit BLD-RNC-26070279 on LauderBuild: “New 2 story single family residence: 4 Bed 5 Bath 2 Car Garage”

Nearby

More new homes nearby

All 24 in Lauderdale Harbors →

Also close by: 1340 Cordova Rd · 1316 SE 11 Ct · 1213 SE 10 Ave · 1111 SE 12 Way · 1010 SE 11 Ct · 1448 SE 13 St