Vacant lot

1405 N Federal Hwy

La Hacienda DelrayDelray Beach5,667 sq ft lot (0.13 acres)Zoned GC
1405 N Federal Hwy in 20261405 N Federal Hwy 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
$442–657KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 5,667 sq ft.
Land price per sq ft, sized to this lot
$0$93$186

Sized to this lot, nearby land sales point to about $108 per sq ft. This parcel last sold for $73K in Apr 1983.

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$365Kto build and sell a 2,750 sq ft home here at a 15% margin.
TightAt $612K for the land:Profit $43K · 2.0%Needs $891/sq ft to hit 15% · assumed $765
Land $612KBuild $1.09MSoft costs $109KCarry $128KSelling $126KProfit $43KSale $2.1M
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
5,667 sf 0.13 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
718 N Lake Ave
Bought for a new home · SDGC
Nov 2022$750K7,810 sf$9673 m
707 N Lake Ave
Bought for a new home · Avante Construction & Renovation
Jan 2024$750K7,105 sf$10687 m
709 N Lake Ave
Bought for a new home · Edgewater GC
Apr 2022$484K7,597 sf$64102 m
717 S Lake Ave
Bought for a new home · Tropical Custom Builders
Feb 2022$550K7,810 sf$70102 m
721 N Lake Ave
Bought for a new home · SDGC
Oct 2022$750K7,584 sf$99121 m
714 S Lake Ave
Bought for a new home
Mar 2022$550K7,501 sf$73130 m
723 N Lake Ave
Bought for a new home · SDGC
May 2023$1.25M11,365 sf$110143 m
1248 NE 8th Ave
Bought for a new home · Collin Builders
Jun 2026$1.7M10,498 sf$162143 m