172 NE 5th Ave
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 salesSized to this lot, nearby land sales point to about $232 per sq ft. This parcel last sold for $600K in Mar 2016 ($96 per sq ft, the pink dot).
Does it pencil?
Build-and-sell pro formaDelray Beach calibration
Calibrated on 83 Delray Beach deals. With these build costs the calculator's land budget is a median 98% of what the builders actually paid for the lot, and within 25% of it on 47 of the 83 (the old defaults came to 85%).
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
- CBD Central Business District
- Flood zone
- X
- Lowest floor
- —
- Waterfront
- No
- Lot size
- 6,260 sf 0.14 acres
- Ownership
- Company often a builder or investor
Setbacks, height and lot coverage depend on the zoning district; see Delray Beach’s Land Development Regulations (Chapter 4, Zoning). 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 |
|---|---|---|---|---|---|
| 716 NE 2nd St Bought for a new home · Azure Development | Apr 2022 | $1.75M | 7,518 sf | $233 | 294 m |
| 307 NE 5th Ave Vacant lot sale | Feb 2022 | $1.95M | 12,519 sf | $156 | 315 m |
| 219 NE 8th Ave Bought for a new home · Ocean Blue Custom Homes | May 2024 | $2.1M | 10,058 sf | $209 | 382 m |
| 234 Palm Trl Bought for a new home · Azure Development | Jan 2023 | $2M | 11,021 sf | $181 | 437 m |
| 318 NE 8th Ave Bought for a new home · Azure Development | Nov 2024 | $1.65M | 8,699 sf | $190 | 452 m |
| 103 Basin Dr Bought for a new home · Firstwater Building & Design | Mar 2022 | $3.05M | 13,464 sf | $227 | 613 m |
| 402 Palm Trl Bought for a new home · Azure Development | Aug 2024 | $2.5M | 13,024 sf | $192 | 659 m |
| 209 NE 5th St Bought for a new home · RTG Construction | Dec 2021 | $1.35M | 6,604 sf | $204 | 669 m |