Vacant lot
118 NW 11th Ave
Delray Beach7,161 sq ft lot (0.16 acres)Zoned R-1-A
Aerial from 2026, the newest available. The pink line is the surveyed parcel boundary.
What it’s worth as land
From recorded sales$172–286KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 7,161 sq ft.
Land price per sq ft, sized to this lot
$0$32$64
Sized to this lot, nearby land sales point to about $35 per sq ft.
Does it pencil?
Build-and-sell pro formaSupports a land price up to$92Kto build and sell a 1,950 sq ft home here at a 15% margin.
Doesn’t pencilAt $251K for the land:Loss $58K · −7.4%Needs $517/sq ft to hit 15% · assumed $403
Land $251KBuild $449KSoft costs $45KCarry $53KSelling $47KLoss $58KSale $786K
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
- 7,161 sf 0.16 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| Address | Sold | Price | Lot | $/sq ft | Away |
|---|---|---|---|---|---|
| 55 NW 11th Ave Vacant lot sale | Dec 2021 | $151K | 6,861 sf | $22 | 101 m |
| 106 NW 10th Ave Vacant lot sale | Jun 2023 | $380K | 17,311 sf | $22 | 106 m |
| 259 NW 9th Ave Vacant lot sale | Dec 2022 | $230K | 5,441 sf | $42 | 423 m |
| 521 NW 2nd St Bought for a new home · Pulte Home | Jan 2023 | $162K | 7,532 sf | $22 | 566 m |
| 515 NW 2nd St Bought for a new home · Pulte Home | Jan 2023 | $162K | 7,532 sf | $22 | 581 m |
| 117 SW 10th Ave Vacant lot sale | Jun 2026 | $295K | 6,782 sf | $43 | 583 m |
| 339 NW 8th Ave Vacant lot sale | Sep 2026 | $220K | 6,233 sf | $35 | 598 m |
| 248 NW 5th Ave Vacant lot sale | Mar 2024 | $225K | 4,352 sf | $52 | 684 m |