Vacant lot

1508 SW 15 Ter

Shady BanksFort Lauderdale7,136 sq ft lot (0.16 acres)Zoned RS-8

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

What it’s worth as land

From recorded sales

$343–450KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 7,136 sq ft.

Land price per sq ft, sized to this lot

$0$50$101

Sized to this lot, nearby land sales point to about $53 per sq ft. This parcel last sold for $23K in Apr 1974.

Does it pencil?

Build-and-sell pro forma

Supports a land price up to$284Kto build and sell a 4,300 sq ft home here at a 15% margin.

TightAt $378K for the land:Profit $160K · 9.0%Needs $444/sq ft to hit 15% · assumed $413

Land $378KBuild $925KSoft costs $92KCarry $114KSelling $107KProfit $160KSale $1.78M

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$8 nearest new homes soldBuild cost per sq ft$Builder grade assumption, per sq ft of total area. Declared permit values here run ~$111/sq ft, well under real cost.Soft costs% of buildDesign, engineering, permits, insuranceMonths, purchase to salemoBuild ~24 mo (Fort Lauderdale median off the water) + permitting and saleInterest rate%On a loan covering about 65% of costsSelling costs% of saleTarget margin% of sale

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: 7,136 sf 0.16 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

Address	Sold	Price	Lot	$/sq ft	Away
1522 SW 15 Ter Bought for a new home · Cuffia Builders	Sep 2024	$515K	11,029 sf	$47	100 m
1716 SW 13 Ct Bought for a new home · Y&K Contractors	May 2026	$360K	6,300 sf	$57	317 m
1725 SW 14 St Bought for a new home · Dinh Consulting	Oct 2025	$425K	6,300 sf	$67	330 m
1601 SW 12 Ct Bought for a new home · Rock Foundation Builders	May 2025	$425K	6,541 sf	$65	410 m
1430 Davie Blvd Vacant lot sale	Jul 2022	$250K	14,114 sf	$18	452 m
1709 SW 12 St Vacant lot sale	May 2023	$345K	7,015 sf	$49	533 m
1220 SW 17 St Bought for a new home · Balsamo Builders	Jun 2023	$740K	12,358 sf	$60	573 m
1121 SW 18 St Bought for a new home · Rock Solid Home Builders	Feb 2022	$307K	6,119 sf	$50	673 m

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New homes in Shady Banks

Rising

Broward Co. 2026 · 26.1044° N 80.1649° W

1725 SW 14 St

Shady BanksDinh Consulting

Likely price$1.6–2.2M

Rising

Broward Co. 2026 · 26.1066° N 80.1629° W

1601 SW 12 Ct

Shady BanksRock Foundation Builders

Likely price$1.6–2.2M

All new homes in Shady Banks →

Record

Parcel folio: 504216150061
Assessed land value: $285K
Typical build here: 24.4 months permit to certificate of occupancy, homes off the water, Fort Lauderdale

Report a correction · Estimates are not appraisals.