Vacant lot

1225 SW 28 Way

Melrose ManorsFort Lauderdale12,480 sq ft lot (0.29 acres)Zoned RS-8

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

What it’s worth as land

From recorded sales

$250–337KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 12,480 sq ft.

Land price per sq ft, sized to this lot

$0$25$50

Sized to this lot, nearby land sales point to about $21 per sq ft. This parcel last sold for $315K in Aug 2018 ($25 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma

Supports a land price up to$284Kto build and sell a 4,300 sq ft home here at a 15% margin.

PencilsAt $262K for the land:Profit $291K · 16.4%Needs $406/sq ft to hit 15% · assumed $413

Land $262KBuild $925KSoft costs $92KCarry $99KSelling $107KProfit $291KSale $1.78M

Land price$Midpoint of nearby land sales, adjusted for lot sizeHome sizesq ftsized like 10 new homes on similar lots nearby, capped at the upper range of new homes nearbySale price per sq ft$8 nearest new homes soldBuild cost per sq ft$Builder grade assumption, per sq ft of total area. Declared permit values here run ~$111/sq ft, well under real cost.Soft costs% of buildDesign, engineering, permits, insuranceMonths, purchase to salemoBuild ~24 mo (Fort Lauderdale median off the water) + permitting and saleInterest rate%On a loan covering about 65% of costsSelling costs% of saleTarget margin% of sale

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: X
Lowest floor: —
Waterfront: No
Lot size: 12,480 sf 0.29 acres
Ownership: Company often a builder or investor

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

Address	Sold	Price	Lot	$/sq ft	Away
3030 Davie Blvd Vacant lot sale	Jul 2026	$65K	7,888 sf	$8	293 m
1501 SW 28 Way Bought for a new home · Shannon & Shannon Properties	Feb 2026	$200K	8,522 sf	$23	508 m
1611 SW 30 Ave Bought for a new home · Shannon & Shannon Properties	Oct 2023	$180K	7,562 sf	$24	663 m
1625 SW 30 Ave Bought for a new home · Roberto La Rocca	Jul 2024	$275K	8,104 sf	$34	680 m
1005 SW 25 Ave Bought for a new home · Tafur Construction	Sep 2024	$168K	6,500 sf	$26	787 m
1810 SW 30 Ter Bought for a new home · H&M Housing Land Development	Sep 2023	$224K	13,789 sf	$16	898 m
1670 Riverland Rd Bought for a new home · Certified Contractors of America	Oct 2023	$290K	9,874 sf	$29	1.0 km
1680 Riverland Rd Vacant lot sale	Dec 2024	$260K	9,781 sf	$27	1.0 km

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Record

Parcel folio: 504217190950
Assessed land value: $250K
Typical build here: 24.4 months permit to certificate of occupancy, homes off the water, Fort Lauderdale

Report a correction · Estimates are not appraisals.