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$1.36–1.54MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 5,471 sq ft.
Land price per sq ft, sized to this lot
$0$226$451
Sized to this lot, nearby land sales point to about $251 per sq ft.
Does it pencil?
Build-and-sell pro formaSupports a land price up to$1.89Mto build and sell a 3,750 sq ft home here at a 15% margin.
PencilsAt $1.37M for the land:Profit $1.38M · 25.6%Needs $1,238/sq ft to hit 15% · assumed $1,431
Land $1.37MBuild $1.86MSoft costs $186KCarry $254KSelling $322KProfit $1.38MSale $5.37M
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-AAA Single Family Residential
- Flood zone
- AE 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
- 5,471 sf 0.13 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 |
|---|---|---|---|---|---|
| 1202 Vista Del Mar Dr N Bought for a new home · Shoreline Building Group | Dec 2021 | $2.05M | 11,069 sf | $185 | 122 m |
| 1240 Seaspray Ave Vacant lot sale | May 2023 | $2.5M | 10,616 sf | $235 | 133 m |
| 1202 Seaspray Ave Bought for a new home · Azure Development | Oct 2022 | $2.8M | 14,000 sf | $200 | 133 m |
| 1125 Waterway Ln Bought for a new home · Lost Craft Builders | Jun 2024 | $3M | 14,127 sf | $212 | 154 m |
| 1124 S Vista Del Mar Dr Vacant lot sale | Sep 2024 | $2.8M | 11,914 sf | $235 | 209 m |
| 1158 Lowry St Bought for a new home · Nosoco | Dec 2021 | $900K | 13,800 sf | $65 | 488 m |
| 1105 Harbor Dr Bought for a new home · Gulfstream Custom Builders | Jun 2023 | $2.55M | 13,508 sf | $189 | 515 m |
| 103 Basin Dr Bought for a new home · Firstwater Building & Design | Mar 2022 | $3.05M | 13,464 sf | $227 | 528 m |