Vacant lot
1862 Thatch Palm Dr
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$8.24–9.57MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 41,417 sq ft.
Land price per sq ft, sized to this lot
$0$185$370
Sized to this lot, nearby land sales point to about $209 per sq ft.
Does it pencil?
Build-and-sell pro formaSupports a land price up to$5.06Mto build and sell a 9,250 sq ft home here at a 15% margin.
Doesn’t pencilAt $8.66M for the land:Loss $1.78M · −11.7%Needs $2,190/sq ft to hit 15% · assumed $1,636
Land $8.66MBuild $5.37MSoft costs $537KCarry $1.44MSelling $908KLoss $1.78MSale $15.1M
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
- X
- Lowest floor
- —
- Waterfront
- No
- Lot size
- 41,417 sf 0.95 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| Address | Sold | Price | Lot | $/sq ft | Away |
|---|---|---|---|---|---|
| 1955 Thatch Palm Dr Bought for a new home · Leonard Albanese & Sons Builders | Dec 2021 | $3.85M | 13,042 sf | $295 | 140 m |
| 257 Royal Palm Way Bought for a new home · CJM Communities | Jul 2024 | $6M | 18,639 sf | $322 | 335 m |
| 1812 Sabal Palm Cir Bought for a new home · SRD Building | Nov 2021 | $5M | 16,426 sf | $304 | 384 m |
| 2121 W Silver Palm Rd Bought for a new home · CJM Communities | Oct 2025 | $3.38M | 11,252 sf | $300 | 397 m |
| 2172 W Maya Palm Dr Bought for a new home · National Custom Homes IV | Nov 2022 | $3M | 11,975 sf | $251 | 448 m |
| 399 Royal Palm Way Bought for a new home · SRD Building | Nov 2025 | $7M | 19,049 sf | $367 | 531 m |
| 2240 Date Palm Rd Bought for a new home · Primo Construction | Feb 2024 | $3M | 11,056 sf | $271 | 542 m |
| 2255 Date Palm Rd Bought for a new home · CJM Communities | Feb 2025 | $3.63M | 12,266 sf | $296 | 552 m |