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$1.09–1.63MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 20,643 sq ft.
Land price per sq ft, sized to this lot
$0$63$126
Sized to this lot, nearby land sales point to about $73 per sq ft.
Does it pencil?
Build-and-sell pro formaSupports a land price up to$498Kto build and sell a 3,750 sq ft home here at a 15% margin.
Doesn’t pencilAt $1.51M for the land:Loss $686K · −23.9%Needs $1,142/sq ft to hit 15% · assumed $765
Land $1.51MBuild $1.48MSoft costs $148KCarry $246KSelling $172KLoss $686KSale $2.87M
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
- GC General Commercial
- Flood zone
- X
- Lowest floor
- —
- Waterfront
- No
- Lot size
- 20,643 sf 0.47 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| Address | Sold | Price | Lot | $/sq ft | Away |
|---|---|---|---|---|---|
| 718 N Lake Ave Bought for a new home · SDGC | Nov 2022 | $750K | 7,810 sf | $96 | 38 m |
| 707 N Lake Ave Bought for a new home · Avante Construction & Renovation | Jan 2024 | $750K | 7,105 sf | $106 | 63 m |
| 709 N Lake Ave Bought for a new home · Edgewater GC | Apr 2022 | $484K | 7,597 sf | $64 | 72 m |
| 717 S Lake Ave Bought for a new home · Tropical Custom Builders | Feb 2022 | $550K | 7,810 sf | $70 | 77 m |
| 721 N Lake Ave Bought for a new home · SDGC | Oct 2022 | $750K | 7,584 sf | $99 | 88 m |
| 723 N Lake Ave Bought for a new home · SDGC | May 2023 | $1.25M | 11,365 sf | $110 | 108 m |
| 817 N Lake Ave Bought for a new home · SDGC | Feb 2025 | $1.6M | 11,352 sf | $141 | 116 m |
| 730 N Lake Ave Bought for a new home · Edgewater GC | Mar 2023 | $825K | 7,810 sf | $106 | 118 m |