Vacant lot

1701 NW 27 Ter

Lake Aire Palm ViewFort Lauderdale9,620 sq ft lot (0.22 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

$125–154KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 9,620 sq ft.

Land price per sq ft, sized to this lot

$0$25$50

Sized to this lot, nearby land sales point to about $14 per sq ft. This parcel last sold for $170K in May 2024 ($18 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 $265. Enter the build cost per sq ft you expect below to see what the land supports.

Land $170KBuild $602KSoft costs $60KCarry $65KSelling $45KLoss $199KSale $742K

Land price$Last sale, May 2024Home 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: X
Lowest floor: —
Waterfront: No
Lot size: 9,620 sf 0.22 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
2604 NW 20 St #A-B Bought for a new home · O B Construction Group	Nov 2021	$97K	9,250 sf	$10	503 m
2600 NW 20 St Bought for a new home · O B Construction Group	Nov 2021	$97K	9,249 sf	$10	511 m
2594 NW 20 St Bought for a new home · O B Construction Group	Nov 2021	$97K	9,249 sf	$10	517 m
1870 NW 24 Ter Bought for a new home · Nextgen Builders	Jan 2026	$143K	6,000 sf	$24	590 m
2461 NW 21 St Vacant lot sale	Sep 2025	$220K	7,790 sf	$28	748 m
2451 NW 21 St Bought for a new home · Infinity at Your Service	Apr 2022	$125K	7,785 sf	$16	756 m
3030 NW 24 St Bought for a new home · Nextgen Builders	Nov 2022	$105K	7,088 sf	$15	1.0 km
2271 NW 22 St Vacant lot sale	Jan 2026	$115K	9,000 sf	$13	1.0 km

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New homes in Lake Aire Palm View

Rising

Broward Co. 2026 · 26.1508° N 80.1748° W

1870 NW 24 Ter

Lake Aire Palm ViewNextgen Builders

Likely price$675–925K

All new homes in Lake Aire Palm View →

Record

Parcel folio: 494232180330
Assessed land value: $192K
Typical build here: 24.4 months permit to certificate of occupancy, homes off the water, Fort Lauderdale

Report a correction · Estimates are not appraisals.