Vacant lot

1112 NW 23 Ter

Dillard ParkFort Lauderdale6,194 sq ft lot (0.14 acres)Zoned RS-8
Aerial of 1112 NW 23 Ter, January 20262026 · Broward County · Broward Co.

Aerial from January 2026, the newest available. The pink line is the surveyed parcel boundary.

What it’s worth as land

From recorded sales
$50–124KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 6,194 sq ft.
Land price per sq ft, sized to this lot
$0$25$50

Sized to this lot, nearby land sales point to about $18 per sq ft.

Does it pencil?

Build-and-sell pro forma
Left over for the landNo fair defaultOur build costs are tested on new homes selling for $400 or more a sq ft, and here they sell for about $271. Enter the build cost per sq ft you expect below to see what the land supports.
Land $111KBuild $441KSoft costs $44KCarry $46KSelling $33KLoss $120KSale $556K
Fort Lauderdale calibration

Calibrated on 148 Fort Lauderdale deals. With these build costs the calculator's land budget is a median 100% of what the builders actually paid for the lot, and within 25% of it on 87 of the 148 (the old defaults came to 41%).

A quick pro forma, not an appraisal. Every number is editable; the starting points come from city records, and build cost is an assumption to replace with a builder’s bid.

The rules

City GIS and parcel roll
Zoning
RS-8 Residential Single Family/Low Medium Density
Flood zone
AH base flood elevation 7 ft
Lowest floor
8 ft+ BFE + 1 ft minimum under the Florida Building Code; confirm with the city
Waterfront
No
Lot size
6,194 sf 0.14 acres
Ownership
Private owner

Setbacks, height and lot coverage depend on the zoning district; see Fort Lauderdale’s Unified Land Development Regulations. Confirm with a surveyor and the city before you buy.

Nearby land sales

Off the water · last 5 years
AddressSoldPriceLot$/sq ftAway
1609 NW 11 Ct
Bought for a new home · Awaj Services
Feb 2023$137K7,894 sf$17744 m
2228 NW 8 St
Vacant lot sale
Jul 2023$215K10,966 sf$20749 m
1701 NW 9 Ct
Bought for a new home · Citadel Property Construction
Sep 2023$141K7,284 sf$19785 m
932 NW 16 Ter
Bought for a new home · Gestido Construction
Mar 2022$40K5,000 sf$8860 m
908 NW 16 Ter
Bought for a new home · Gestido Construction
Mar 2022$40K5,000 sf$8885 m
2136 NW 7 St
Vacant lot sale
Jun 2026$240K9,360 sf$26895 m
801 NW 16 Ave
Bought for a new home · Gestido Construction
Mar 2022$80K10,000 sf$81.0 km
816 NW 16 Ave
Bought for a new home · Gestido Construction
Mar 2022$40K5,000 sf$81.0 km