Filed

Filed: permit applied for; the city hasn’t issued it yet

Custom

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

540 NE 11 Ave

Victoria Park, Fort LauderdaleBuilt by REI Construction4 bd · 4.5 ba

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

Where it stands

Last city record Sep 9, 2026

Permit

Foundation

Vertical

Finish

Done

Estimated completionJun 2028 – Jun 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 roll

Likely to sell for$3–3.4MOur 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: $960K Dec 2024
Lot size: 6,500 sf 0.15 acres
Declared permit value: $1.02M as declared; real cost runs well higher
Home size: Not yet on the tax roll
Plan: 4 bd · 4.5 ba
Flood zone: AE base flood elevation 6 ft
Waterfront: No
Ownership: Company-owned lot likely a custom home

Against the market

Fort Lauderdale · since 2021

Build time, months from permit

0 mo30 mo60 mo

2.1 months since the permit application. A typical home off the water in Fort Lauderdale takes 24.4; the middle half take 18.7–31.2.

Lot price vs. new-build lots in Victoria Park

$0$1.43M$2.86M

This lot cost $960K. The median new-build lot in Victoria Park went for $850K (111 lots).

This home
Middle half, Fort Lauderdale off the water
80 homes off the water in Fort Lauderdale permitted 2021–2023, from the permit application to the certificate-of-occupancy packet.
Median

How we calculate this

Construction log

2 city records

Sep 9, 2026New-home permit filedResidential New Construction Permit · In review
Jan 29, 2025Structural permitStructural Permit · Open

Permit BLD-GEN-26090130 on LauderBuild: “CONSTRUCTION OF NEW SINGLE FAMILY (4)BEDROOMS (4.5)BATHS (2)CAR GRAGE”

Early access · not on the market

Interested in this home?

This looks like an owner’s own home, so it may never be listed. A licensed agent can still ask REI Construction about it, and flag similar homes before they reach the market.