Vacant lot

1408 SE 2 St

Colee HammockFort Lauderdale5,500 sq ft lot (0.13 acres)Zoned RC-15
Aerial of 1408 SE 2 St, January 20262026 · Broward County · Broward Co.

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

What it’s worth as land

From recorded sales
$803K–1.01MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 5,500 sq ft.
Land price per sq ft, sized to this lot
$0$146$293

Sized to this lot, nearby land sales point to about $173 per sq ft. This parcel last sold for $800K in Aug 2007.

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$715Kto build and sell a 4,050 sq ft home here at a 15% margin.
TightAt $952K for the land:Profit $102K · 4.2%Needs $691/sq ft to hit 15% · assumed $608
Land $952KBuild $972KSoft costs $97KCarry $192KSelling $148KProfit $102KSale $2.46M
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
RC-15 Residential Single Family and Cluster/Medium Density
Flood zone
X
Lowest floor
—
Waterfront
No
Lot size
5,500 sf 0.13 acres
Ownership
Private owner

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
AddressSoldPriceLot$/sq ftAway
1518 SE 2 Ct
Vacant lot sale
May 2026$850K5,500 sf$155147 m
1617 SE 2 St
Bought for a new home · REI Construction
Oct 2025$1.1M6,750 sf$163263 m
1609 SE 1 St
Bought for a new home · ACD Inst Corp
Aug 2024$1.1M6,250 sf$176271 m
23 SE 12 Ave #A-B
Bought for a new home · Drore Developments
Aug 2023$1.1M6,250 sf$176285 m
1625 SE 1 St
Bought for a new home · ACD Inst Corp
Feb 2024$1.33M6,250 sf$213310 m
1609 SE 4 St
Bought for a new home · ACD Inst Corp
Oct 2024$1.34M7,250 sf$184319 m
22 SE 10 Ave
Bought for a new home · C Craig Edewaard
Aug 2023$1.3M7,237 sf$180415 m
1636 NE 1 St
Bought for a new home · ACD Inst Corp
Mar 2022$750K6,250 sf$120432 m