Vacant lot
201 NE 15th Ter
Lincoln CourtBoca Raton7,793 sq ft lot (0.18 acres)Zoned R2
Aerial from 2026, the newest available. The pink line is the surveyed parcel boundary.
What it’s worth as land
From recorded sales$678K–1.06MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 7,793 sq ft.
Land price per sq ft, sized to this lot
$0$109$218
Sized to this lot, nearby land sales point to about $135 per sq ft. This parcel last sold for $12K in May 1999.
Does it pencil?
Build-and-sell pro formaSupports a land price up to$1.19Mto build and sell a 4,250 sq ft home here at a 15% margin.
PencilsAt $1.05M for the land:Profit $761K · 18.7%Needs $914/sq ft to hit 15% · assumed $959
Land $1.05MBuild $1.61MSoft costs $162KCarry $241KSelling $245KProfit $761KSale $4.08M
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
- R2 Multifamily Residential
- Flood zone
- X
- Lowest floor
- —
- Waterfront
- No
- Lot size
- 7,793 sf 0.18 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 |
|---|---|---|---|---|---|
| 1545 NE 4th Ave Bought for a new home · AH Construction Group | Feb 2025 | $1.15M | 12,223 sf | $94 | 421 m |
| 1505 NE 4th Ave Bought for a new home · AH Construction Group | Feb 2024 | $1.2M | 9,400 sf | $128 | 434 m |
| 1495 NE 4th Ave Bought for a new home · AH Construction Group | Sep 2025 | $1.2M | 9,296 sf | $129 | 435 m |
| 1425 NE 4th Ave Bought for a new home · AH Construction Group | Jul 2024 | $1.5M | 8,982 sf | $167 | 453 m |
| 2100 NE 4th Ave Bought for a new home · M I Bobcat | Jan 2026 | $640K | 8,276 sf | $77 | 456 m |
| 2110 NE 4th Ave Bought for a new home · M I Bobcat | Jul 2026 | $710K | 8,276 sf | $86 | 469 m |
| 1335 NE 4th Ave Vacant lot sale | Jan 2025 | $1.3M | 8,573 sf | $152 | 497 m |
| 435 NE 15th Ter Bought for a new home · TGR Design Build | Feb 2026 | $1.25M | 9,331 sf | $134 | 507 m |