Vacant lot

1601 Cocoanut Rd

Spanish River Land CoBoca Raton15,041 sq ft lot (0.35 acres)Zoned R1A
1601 Cocoanut Rd in 20261601 Cocoanut Rd in 20172017 · Palm Beach County · Palm Beach Co.2026 · Palm Beach County · Palm Beach Co.

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
$2.41–3.62MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 15,041 sq ft.
Land price per sq ft, sized to this lot
$0$193$386

Sized to this lot, nearby land sales point to about $191 per sq ft. This parcel last sold for $1.1M in Dec 2022 ($73 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$3.59Mto build and sell a 7,400 sq ft home here at a 15% margin.
PencilsAt $2.87M for the land:Profit $2.53M · 22.1%Needs $1,410/sq ft to hit 15% · assumed $1,549
Land $2.87MBuild $4.29MSoft costs $429KCarry $651KSelling $688KProfit $2.53MSale $11.5M
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
R1A Single-Family Residential
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
15,041 sf 0.35 acres
Ownership
Private owner

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
AddressSoldPriceLot$/sq ftAway
1351 Cocoanut Rd
Bought for a new home · Bealecon Construction
May 2024$2.4M15,002 sf$16093 m
770 Seminole Dr
Bought for a new home · JSD Builders
Apr 2023$2.5M17,211 sf$145112 m
1401 Banyan Rd
Bought for a new home · Bealecon Construction
Dec 2024$2.45M16,143 sf$152128 m
1300 Cocoanut Rd
Bought for a new home · Bealecon Construction
Apr 2026$3M16,000 sf$188139 m
1298 Spanish River Rd
Bought for a new home · Bealecon Construction
Jul 2026$3.2M12,537 sf$255194 m
2301 Banyan Rd
Bought for a new home
May 2026$2.52M14,985 sf$169259 m
485 Royal Palm Way
Bought for a new home · National Custom Homes IV
May 2024$7.5M21,610 sf$347362 m
499 S Maya Palm Dr
Bought for a new home · SRD Building
Jun 2024$4M17,276 sf$231423 m