Vacant lot

181 Vermont Ave

Melrose ParkFort Lauderdale7,496 sq ft lot (0.17 acres)Zoned RS-6.7

Ask about this lot Follow

Aerial from January 2026, the newest available. The pink line is the surveyed parcel boundary.

What it’s worth as land

From recorded sales

$120–187KMiddle half of nearby land sales, adjusted for lot size (9 sales), applied to this lot’s 7,496 sq ft.

Land price per sq ft, sized to this lot

$0$25$50

Sized to this lot, nearby land sales point to about $24 per sq ft. This parcel last sold for $65K in Mar 1985.

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 $250. Enter the build cost per sq ft you expect below to see what the land supports.

Land $180KBuild $602KSoft costs $60KCarry $66KSelling $42KLoss $250KSale $700K

Land price$Midpoint of nearby land sales, adjusted for lot sizeHome sizesq ftsized like 10 new homes on similar lots nearbySale price per sq ft$6 nearest new homes soldBuild cost per sq ft$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-6.7 Irregular Residential
Flood zone: X
Lowest floor: —
Waterfront: No
Lot size: 7,496 sf 0.17 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
3917 SW 13 Ct Bought for a new home	Nov 2024	$190K	6,500 sf	$29	1.7 km
3030 Davie Blvd Vacant lot sale	Jul 2026	$65K	7,888 sf	$8	1.9 km
3460 SW 18 St Bought for a new home · Citadel Property Construction	Apr 2024	$217K	13,647 sf	$16	2.3 km
1611 SW 30 Ave Bought for a new home · Shannon & Shannon Properties	Oct 2023	$180K	7,562 sf	$24	2.3 km
3451 SW 19 St Bought for a new home · Citadel Property Construction	Apr 2024	$117K	7,350 sf	$16	2.4 km
1625 SW 30 Ave Bought for a new home · Roberto La Rocca	Jul 2024	$275K	8,104 sf	$34	2.4 km
3441 SW 19 St Bought for a new home · Citadel Property Construction	Apr 2024	$125K	7,875 sf	$16	2.4 km
1501 SW 28 Way Bought for a new home · Shannon & Shannon Properties	Feb 2026	$200K	8,522 sf	$23	2.4 km

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.

Follow Fort Lauderdale

One email a week: new permits, homes going vertical and finished homes across Fort Lauderdale.

Email only. One note per real change in the city’s records. Unsubscribe anytime.

New homes nearby

Sold

Broward Co. 2026 · 26.1060° N 80.1936° W

1229 SW 35 Ave

Lauderdale WestRobinson General Construction

Broward Co. 2026 · 26.1038° N 80.2005° W

Declared permit value$250K

Record

Parcel folio: 504207061910
Assessed land value: $150K
Typical build here: 24.4 months permit to certificate of occupancy, homes off the water, Fort Lauderdale

Report a correction · Estimates are not appraisals.