Vacant lot

1118 Miramar Dr

Williamson DeibelDelray Beach8,577 sq ft lot (0.20 acres)Zoned R-1-A
1118 Miramar Dr in 20261118 Miramar Dr in 20172017 · Palm Beach County · Palm Beach Co.2026 · Palm Beach County · Palm Beach Co.

Drag to compare the lot in 2017 with 2026. The pink line is the surveyed parcel boundary.

What it’s worth as land

From recorded sales
$1.68–2.22MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 8,577 sq ft.
Land price per sq ft, sized to this lot
$0$207$414

Sized to this lot, nearby land sales point to about $224 per sq ft. This parcel last sold for $2.9M in Sep 2023 ($338 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$1.91Mto build and sell a 3,800 sq ft home here at a 15% margin.
TightAt $1.92M for the land:Profit $808K · 14.9%Needs $1,433/sq ft to hit 15% · assumed $1,431
Land $1.92MBuild $1.88MSoft costs $188KCarry $313KSelling $326KProfit $808KSale $5.44M
Delray Beach calibration

Calibrated on 83 Delray Beach deals. With these build costs the calculator's land budget is a median 98% of what the builders actually paid for the lot, and within 25% of it on 47 of the 83 (the old defaults came to 85%).

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
R-1-A Single Family Residential
Flood zone
X
Lowest floor
—
Waterfront
No
Lot size
8,577 sf 0.20 acres
Ownership
Private owner

Setbacks, height and lot coverage depend on the zoning district; see Delray Beach’s Land Development Regulations (Chapter 4, Zoning). Confirm with a surveyor and the city before you buy.

Nearby land sales

Off the water · last 5 years
AddressSoldPriceLot$/sq ftAway
1109 Miramar Dr
Bought for a new home · Big Bear Developers
Mar 2024$2.4M6,713 sf$35852 m
1015 Miramar Dr
Bought for a new home · Azure Development
Mar 2026$3.05M12,449 sf$245142 m
132 Venetian Dr
Bought for a new home · Elite Property Development Ma
Oct 2022$1.76M7,588 sf$233255 m
1158 Lowry St
Bought for a new home · Nosoco
Dec 2021$900K13,800 sf$65432 m
103 Basin Dr
Bought for a new home · Firstwater Building & Design
Mar 2022$3.05M13,464 sf$227534 m
1111 Casuarina Rd
Bought for a new home · Frankel Homes Limited
Dec 2021$1.77M10,067 sf$176553 m
146 SE 7th Ave
Bought for a new home · Malion Construction
May 2024$1.38M8,673 sf$159650 m
1124 S Vista Del Mar Dr
Vacant lot sale
Sep 2024$2.8M11,914 sf$235738 m