Vacant lot

1518 SE 2 Ct

Colee HammockFort Lauderdale5,500 sq ft lot (0.13 acres)Zoned RM-15

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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

$776K–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 $850K in May 2026 ($155 per sq ft, the pink dot).

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 $850K for the land:Profit $217K · 8.8%Needs $656/sq ft to hit 15% · assumed $608

Land $850KBuild $972KSoft costs $97KCarry $178KSelling $148KProfit $217KSale $2.46M

Land price$Last sale, May 2026Home sizesq ftsized like 10 new homes on similar lots nearbySale price per sq ft$8 nearest new homes soldBuild cost per sq ft$Upscale 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: RM-15 Residential Multifamily Low Rise/Medium Density
Flood zone: X
Lowest floor: —
Waterfront: No
Lot size: 5,500 sf 0.13 acres
Ownership: Company often a builder or investor

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
1609 SE 4 St Bought for a new home · ACD Inst Corp	Oct 2024	$1.34M	7,250 sf	$184	176 m
1617 SE 2 St Bought for a new home · REI Construction	Oct 2025	$1.1M	6,750 sf	$163	192 m
1609 SE 1 St Bought for a new home · ACD Inst Corp	Aug 2024	$1.1M	6,250 sf	$176	254 m
1625 SE 1 St Bought for a new home · ACD Inst Corp	Feb 2024	$1.33M	6,250 sf	$213	275 m
1636 NE 1 St Bought for a new home · ACD Inst Corp	Mar 2022	$750K	6,250 sf	$120	421 m
23 SE 12 Ave #A-B Bought for a new home · Drore Developments	Aug 2023	$1.1M	6,250 sf	$176	431 m
111 N Victoria Park Rd Bought for a new home · Gold Coast Contractors	Jul 2024	$900K	7,013 sf	$128	527 m
22 SE 10 Ave Bought for a new home · C Craig Edewaard	Aug 2023	$1.3M	7,237 sf	$180	557 m

Interested in this lot?

A licensed agent who works land and new construction will check whether it can be bought, what it would take to build, and who builds nearby.

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New homes in Colee Hammock

Rising

Broward Co. 2026 · 26.1187° N 80.1267° W

1609 SE 4 St

Colee HammockACD Inst Corp

Likely price$3.9–5.45M

Rising

Broward Co. 2026 · 26.1212° N 80.1265° W

1617 SE 2 St

Colee HammockREI Construction

Likely price$3.35–4.7M

All new homes in Colee Hammock →

Record

Parcel folio: 504211012320
Assessed land value: $495K
Typical build here: 24.4 months permit to certificate of occupancy, homes off the water, Fort Lauderdale

Report a correction · Estimates are not appraisals.