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.

2540 NE 22 Ter

Bal Harbour, Fort LauderdaleBuilt by Rio Feo Development5 bd · 7 ba · 3 story · 2-car garage
2540 NE 22 Ter in January 20262540 NE 22 Ter in January 20252025 · Broward County · Broward Co.2026 · Broward County · Broward Co.

Drag to compare the lot in January 2025 with January 2026. The pink line is the surveyed parcel boundary.

Where it stands

Last city record Oct 23, 2026
Estimated completionOct 2027 – Nov 2028From 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$5.2–7.3MOur 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
$1.55M Jan 2025
Lot size
8,908 sf 0.20 acres
Declared permit value
$2.82M as declared; real cost runs well higher
Home size
Not yet on the tax roll
Plan
5 bd · 7 ba · 3 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

15.9 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 Bal Harbour
$0$1.26M$2.52M

This lot cost $1.55M. The median new-build lot in Bal Harbour went for $1.6M (10 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

12 city records
  1. Shop DrawingsComplete
  2. Shop DrawingsComplete
  3. Walls: block-wall inspection letter filedConcrete Masonry Unit (CMU) Letter · Complete
  4. Foundation: spot survey filedSpot Survey · Complete
  5. Pool permitPool-Spa-Fountain Permit · Awaiting Client Reply
  6. Re-Roof PermitAwaiting Initial Fee Payment
  7. Driveway and paving permitPaving Permit · Awaiting Initial Fee Payment
  8. Accessory Structure PermitAwaiting Initial Fee Payment
  9. Demolition permitDemolition Permit · Issued
  10. Temporary Construction Barrier PermitAwaiting Permit Issuance
  11. New-home permit filedResidential New Construction Permit · Issued
  12. Dock or seawall permitBoatlift-Dock-Seawall-Pile Permit · Issued

Permit BLD-RNC-25070288 on LauderBuild: “New Single Family Residence: 3 story 5 bedrooms 7 bathrooms 2 car garage”

Nearby

More new homes nearby

All 12 in Bal Harbour →

Also close by: 2508 Middle River Dr · 2500 Middle River Dr · 2500 NE 26 Ave · 2406 Fryer Pt · 2541 NE 27 Ave · 2517 NE 27 Ave