Vacant lot

1332 NE 3 Ave

South Middle RiverFort Lauderdale6,756 sq ft lot (0.16 acres)Zoned RDS-15

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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

$257–311KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 6,756 sq ft.

Land price per sq ft, sized to this lot

$0$37$74

Sized to this lot, nearby land sales point to about $45 per sq ft. This parcel last sold for $75K in May 2018 ($11 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma

Supports a land price up to$100Kto build and sell a 2,850 sq ft home here at a 15% margin.

Doesn’t pencilAt $304K for the land:Loss $72K · −6.9%Needs $471/sq ft to hit 15% · assumed $369

Land $304KBuild $613KSoft costs $61KCarry $83KSelling $63KLoss $72KSale $1.05M

Land price$Midpoint of nearby land sales, adjusted for lot sizeHome sizesq ftsized like 10 new homes on similar lots 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: RDS-15 Residential Single Family / Medium Density
Flood zone: AE base flood elevation 6 ft
Lowest floor: 7 ft+ BFE + 1 ft minimum under the Florida Building Code; confirm with the city
Waterfront: No
Lot size: 6,756 sf 0.16 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
1336 NE 2 Ave Bought for a new home · Guzman Developing	Jul 2025	$305K	6,755 sf	$45	95 m
1229 NE 3 Ave Bought for a new home · United States Association of CDC	Mar 2026	$275K	6,752 sf	$41	226 m
1520 NE 1 Ave Bought for a new home · Arm Property Services	Mar 2026	$400K	6,754 sf	$59	392 m
1201 NE 1 Ave Vacant lot sale	Aug 2022	$400K	10,142 sf	$39	397 m
1134 NE 5 Ter Vacant lot sale	Oct 2025	$352K	10,145 sf	$35	485 m
1235 NW 2 Ave Bought for a new home · Michael Salus Construction	Dec 2022	$310K	6,750 sf	$46	558 m
1629 NE 1 Ave Bought for a new home · Diamond Renovation & Construction	May 2024	$170K	10,072 sf	$17	657 m
40 NE 16 Pl Bought for a new home · Diamond Renovation & Construction	Mar 2024	$396K	7,669 sf	$52	666 m

Interested in this lot?

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New homes in South Middle River

Rising

Broward Co. 2026 · 26.1436° N 80.1423° W

1336 NE 2 Ave

South Middle RiverGuzman Developing

Likely price$1.23–1.7M

Rising

Broward Co. 2026 · 26.1497° N 80.1526° W

1717 NW 7 Ter

South Middle RiverDSM Construction

Likely price$850K–1.2M

All new homes in South Middle River →

Record

Parcel folio: 494234027160
Assessed land value: $169K
Typical build here: 24.4 months permit to certificate of occupancy, homes off the water, Fort Lauderdale

Report a correction · Estimates are not appraisals.