Filed
Filed: permit applied for; the city hasn’t issued it yet
Likely spec
Likely spec: the owner on the permit shares the builder’s business address. Not confirmed by the builder.
481 NW 5th Ave
Aerial from 2026, before work began. The pink line is the surveyed parcel boundary.
Where it stands
Last city record Sep 18, 2026Permit
Foundation
Vertical
Finish
CO
Done
Estimated completionJun 2028 – Jan 2029Counted from today, since the permit isn’t issued yet, with the middle half of build times for homes off the water. An estimate, not the builder’s commitment.
The numbers
From deeds, the permit and the parcel rollLikely to sell for$3.75–5.2MOur 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
- $1.05M Mar 2026
- Lot size
- 9,008 sf 0.21 acres
- Declared permit value
- $1.18M as declared; real cost runs well higher
- Home size
- ~5,235 sf under air from the permit’s plans
- Plan
- Not in the permit
- Flood zone
- X
- Waterfront
- No
- Ownership
- Company-owned lot likely spec: the owner on the permit shares the builder’s business address
Against the market
Boca Raton · since 2021Build time, months from permit
0 mo30 mo60 mo
1.8 months since the permit application. A typical home off the water in Boca Raton takes 22.8; the middle half take 19.5–26.3.
- This home
Middle half, Boca Raton off the water
178 homes off the water in Boca Raton permitted 2021–2023, from the permit application to the certificate-of-occupancy packet.
- Median
Construction log
2 city records- New-home permit filedResidential New Construction Permit · In review
- Demolition permitDemolition Permit · Issued
Permit BPR-2026-02569 on Boca eHub: “Construction on a new single-family home”
Nearby
All 5 in Bible Conference Estates →More new homes nearby
Filed
598 NW 6th St
Bible Conference EstatesSenco Construction
Permit
Foundation
Vertical
Finish
CO
Done
Lot bought$880K
Plan~4,579 sf
Likely price$3.25–4.5M
Filed
265 NW 5th Ave
Bible Conference EstatesAvante Construction & Renovation
Permit
Foundation
Vertical
Finish
CO
Done
Lot bought$1.55M
Plan~5,306 sf
Likely price$5.1–7.1M
Complete
610 NW 7th Ave
Tunison PalmsCJM Communities
Permit
Foundation
Vertical
Finish
CO
Done
Lot bought$900K
Home4,295 sf
Declared permit value$1.83M
Also close by: 451 NW 7th Ave · 77 NW 5th Ave · 716 NW 6th Dr · 55 NW 6th Ave · 741 NW 6th Dr · 161 NW 3rd Ct