Vacant lot

1124 S Vista Del Mar Dr

Delray Beach EsplanadeDelray Beach11,914 sq ft lot (0.27 acres)Zoned R-1-AA
1124 S Vista Del Mar Dr in 20261124 S Vista Del Mar 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
$2.16–2.5MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 11,914 sq ft.
Land price per sq ft, sized to this lot
$0$168$336

Sized to this lot, nearby land sales point to about $198 per sq ft. This parcel last sold for $2.8M in Sep 2024 ($235 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$2.67Mto build and sell a 5,300 sq ft home here at a 15% margin.
TightAt $2.8M for the land:Profit $994K · 13.1%Needs $1,465/sq ft to hit 15% · assumed $1,431
Land $2.8MBuild $2.62MSoft costs $262KCarry $449KSelling $455KProfit $994KSale $7.58M
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-AA Single Family Residential
Flood zone
AE base flood elevation 8 ft
Lowest floor
9 ft+ BFE + 1 ft minimum under the Florida Building Code; confirm with the city
Waterfront
No
Lot size
11,914 sf 0.27 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
1202 Vista Del Mar Dr N
Bought for a new home · Shoreline Building Group
Dec 2021$2.05M11,069 sf$18591 m
1125 Waterway Ln
Bought for a new home · Lost Craft Builders
Jun 2024$3M14,127 sf$212221 m
1202 Seaspray Ave
Bought for a new home · Azure Development
Oct 2022$2.8M14,000 sf$200274 m
1158 Lowry St
Bought for a new home · Nosoco
Dec 2021$900K13,800 sf$65307 m
103 Basin Dr
Bought for a new home · Firstwater Building & Design
Mar 2022$3.05M13,464 sf$227319 m
1240 Seaspray Ave
Vacant lot sale
May 2023$2.5M10,616 sf$235342 m
234 Palm Trl
Bought for a new home · Azure Development
Jan 2023$2M11,021 sf$181427 m
219 NE 8th Ave
Bought for a new home · Ocean Blue Custom Homes
May 2024$2.1M10,058 sf$209454 m