Vacant lot

1506 NW 12 Ter

Lauderdale ManorsFort Lauderdale9,198 sq ft lot (0.21 acres)Zoned RS-8
1506 NW 12 Ter in January 20261506 NW 12 Ter in 20162016 · City of Fort Lauderdale · Fort Lauderdale2026 · Broward County · Broward Co.

Drag to compare the lot in 2016 with January 2026. The pink line is the surveyed parcel boundary.

What it’s worth as land

From recorded sales
$74–221KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 9,198 sq ft.
Land price per sq ft, sized to this lot
$0$25$50

Sized to this lot, nearby land sales point to about $18 per sq ft. This parcel last sold for $35K in Jun 2021 ($4 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Left over for the landNo fair defaultOur build costs are tested on new homes selling for $400 or more a sq ft, and here they sell for about $241. Enter the build cost per sq ft you expect below to see what the land supports.
Land $166KBuild $452KSoft costs $45KCarry $53KSelling $30KLoss $240KSale $506K
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
RS-8 Residential Single Family/Low 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
9,198 sf 0.21 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
1615 NW 8 Ave
Bought for a new home · Nextgen Builders
Jan 2026$130K6,747 sf$19613 m
1717 NW 7 Ter
Bought for a new home · DSM Construction
Jun 2025$195K7,838 sf$25794 m
1609 NW 11 Ct
Bought for a new home · Awaj Services
Feb 2023$137K7,894 sf$17914 m
1513 NW 4 Ave
Vacant lot sale
Jun 2022$260K8,782 sf$301.1 km
1015 NW 8 Ave #A-B
Bought for a new home · J Cooper Construction
Mar 2024$90K10,127 sf$91.1 km
932 NW 16 Ter
Bought for a new home · Gestido Construction
Mar 2022$40K5,000 sf$81.3 km
908 NW 16 Ter
Bought for a new home · Gestido Construction
Mar 2022$40K5,000 sf$81.3 km
1235 NW 2 Ave
Bought for a new home · Michael Salus Construction
Dec 2022$310K6,750 sf$461.3 km