Vacant lot

147 SW 9th Ave

Lincoln ParkDelray Beach7,719 sq ft lot (0.18 acres)Zoned RM

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

What it’s worth as land

From recorded sales

$147–301KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 7,719 sq ft.

Land price per sq ft, sized to this lot

$0$31$62

Sized to this lot, nearby land sales point to about $34 per sq ft. This parcel last sold for $180K in Nov 2022 ($23 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma

Left over for the landNothingAt $450/sq ft, a 1,900 sq ft home here costs more to build, carry and sell than it brings in at a 15% margin. It starts to work above about $476/sq ft, or with a smaller or cheaper build.

Doesn’t pencilAt $262K for the land:Loss $202K · −23.6%Needs $670/sq ft to hit 15% · assumed $450

Land $262KBuild $618KSoft costs $62KCarry $64KSelling $51KLoss $202KSale $855K

Land price$Midpoint of nearby land sales, adjusted for lot sizeHome sizesq ftsized like 10 new homes on similar lots nearby, capped at the upper range of new homes nearbySale price per sq ft$8 nearest new homes soldBuild cost per sq ft$Upscale assumption, per sq ft of total area.Soft costs% of buildDesign, engineering, permits, insuranceMonths, purchase to salemoBuild ~19 mo (Delray Beach median off the water) + permitting and saleInterest rate%On a loan covering about 65% of costsSelling costs% of saleTarget margin% of sale

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: RM Multiple Family Residential (Medium Density)
Flood zone: X
Lowest floor: —
Waterfront: No
Lot size: 7,719 sf 0.18 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
117 SW 10th Ave Vacant lot sale	Jun 2026	$295K	6,782 sf	$43	133 m
214 SW 10th Ave Bought for a new home · J&V Residential Services	Mar 2023	$175K	6,904 sf	$25	168 m
205 SW 11th Ave Bought for a new home · Pulte Home	Nov 2025	$240K	6,800 sf	$35	213 m
211 SW 7th Ave Bought for a new home · J & M Contractors of South Florida	Feb 2022	$125K	6,652 sf	$19	241 m
515 SW 2nd St Vacant lot sale	Aug 2026	$70K	6,734 sf	$10	333 m
601 SW 3rd St Bought for a new home · J&V Residential Services	Mar 2023	$120K	6,020 sf	$20	337 m
229 SW 6th Ave Vacant lot sale	May 2023	$300K	6,817 sf	$44	353 m
218 SW 5th Ave Bought for a new home · J&V Residential Services	May 2025	$282K	6,726 sf	$42	378 m

Interested in this lot?

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New homes in Lincoln Park

Complete

Palm Beach Co. 2026 · 26.4585° N 80.0831° W

All new homes in Lincoln Park →

Record

Parcel number: 12434617380000360
Assessed land value: $185K
Typical build here: 19 months permit to certificate of occupancy, homes off the water, Delray Beach

Report a correction · Estimates are not appraisals.