Vacant lot

1239 Laing St

CregoDelray Beach11,308 sq ft lot (0.26 acres)Zoned R-1-AAA
1239 Laing St in 20261239 Laing St 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
$2.25–2.57MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 11,308 sq ft.
Land price per sq ft, sized to this lot
$0$182$363

Sized to this lot, nearby land sales point to about $202 per sq ft. This parcel last sold for $2M in Mar 2021 ($177 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$2.32Mto build and sell a 4,600 sq ft home here at a 15% margin.
PencilsAt $2.28M for the land:Profit $1.02M · 15.6%Needs $1,421/sq ft to hit 15% · assumed $1,431
Land $2.28MBuild $2.28MSoft costs $228KCarry $375KSelling $395KProfit $1.02MSale $6.58M
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-AAA Single Family Residential
Flood zone
X
Lowest floor
—
Waterfront
No
Lot size
11,308 sf 0.26 acres
Ownership
Company often a builder or investor

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
1240 Seaspray Ave
Vacant lot sale
May 2023$2.5M10,616 sf$23598 m
1202 Vista Del Mar Dr N
Bought for a new home · Shoreline Building Group
Dec 2021$2.05M11,069 sf$185181 m
1202 Seaspray Ave
Bought for a new home · Azure Development
Oct 2022$2.8M14,000 sf$200183 m
1125 Waterway Ln
Bought for a new home · Lost Craft Builders
Jun 2024$3M14,127 sf$212225 m
1124 S Vista Del Mar Dr
Vacant lot sale
Sep 2024$2.8M11,914 sf$235272 m
1158 Lowry St
Bought for a new home · Nosoco
Dec 2021$900K13,800 sf$65526 m
1105 Harbor Dr
Bought for a new home · Gulfstream Custom Builders
Jun 2023$2.55M13,508 sf$189542 m
103 Basin Dr
Bought for a new home · Firstwater Building & Design
Mar 2022$3.05M13,464 sf$227586 m