Drag to compare the lot in 2017 with 2026. The pink line is the surveyed parcel boundary.
What it’s worth as land
From recorded sales$6.22–7.25MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 64,774 sq ft.
Land price per sq ft, sized to this lot
$0$90$179
Sized to this lot, nearby land sales point to about $104 per sq ft.
Does it pencil?
Build-and-sell pro formaSupports a land price up to$1.53Mto build and sell a 5,700 sq ft home here at a 15% margin.
Doesn’t pencilAt $6.74M for the land:Loss $5.04M · −93.6%Needs $2,244/sq ft to hit 15% · assumed $945
Land $6.74MBuild $2.17MSoft costs $217KCarry $986KSelling $323KLoss $5.04MSale $5.39M
Boca Raton calibration
Calibrated on 96 Boca Raton deals. With these build costs the calculator's land budget is a median 97% of what the builders actually paid for the lot, and within 25% of it on 39 of the 96 (the old defaults came to 94%).
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
- —
- Flood zone
- AE base flood elevation 6–7 ft
- Lowest floor
- 8 ft+ BFE + 1 ft minimum under the Florida Building Code; confirm with the city
- Waterfront
- No
- Lot size
- 64,774 sf 1.49 acres
- Ownership
- Company often a builder or investor
Setbacks, height and lot coverage depend on the zoning district; see Boca Raton’s zoning code (Chapter 28). 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 |
|---|---|---|---|---|---|
| 241 E Fern Dr Vacant lot sale | May 2026 | $2.2M | 10,110 sf | $218 | 231 m |
| 799 Park Dr W Bought for a new home · Collin Building Group | Jan 2026 | $1.68M | 7,976 sf | $210 | 233 m |
| 870 E Boca Raton Rd Bought for a new home · Bealecon Construction | Sep 2025 | $1.57M | 9,370 sf | $168 | 235 m |
| 107 SE Olive Way Bought for a new home · TGR Design Build | Dec 2025 | $1.38M | 6,368 sf | $216 | 247 m |
| 800 W Fern Dr Vacant lot sale | Jul 2026 | $2.5M | 9,971 sf | $251 | 251 m |
| 735 W Fern Dr Bought for a new home · Beach to Bay Custom Builders | Dec 2021 | $1.32M | 11,260 sf | $118 | 288 m |
| 123 NE Wavecrest Way Bought for a new home · Core 4 Homes | Jan 2025 | $1.55M | 8,838 sf | $175 | 299 m |
| 141 NE Wavecrest Way Bought for a new home · M I Bobcat | Dec 2023 | $1.5M | 8,490 sf | $177 | 318 m |