Vacant lot

204 SW 2nd Ave

Delray Beach8,076 sq ft lot (0.19 acres)Zoned R-1-A
Aerial of 204 SW 2nd Ave, 20262026 · Palm Beach County · Palm Beach Co.

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

What it’s worth as land

From recorded sales
$194–646KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 8,076 sq ft.
Land price per sq ft, sized to this lot
$0$64$128

Sized to this lot, nearby land sales point to about $40 per sq ft. This parcel last sold for $125K in Sep 2008.

Does it pencil?

Build-and-sell pro forma
Left over for the landNothingAt $454/sq ft, a 2,200 sq ft home here costs more to build, carry and sell than it brings in at a 15% margin. It starts to work above about $476/sq ft, or with a smaller or cheaper build.
Doesn’t pencilAt $323K for the land:Loss $247K · −24.7%Needs $682/sq ft to hit 15% · assumed $454
Land $323KBuild $715KSoft costs $72KCarry $76KSelling $60KLoss $247KSale $999K
Delray 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
R-1-A Single Family Residential
Flood zone
X
Lowest floor
—
Waterfront
No
Lot size
8,076 sf 0.19 acres
Ownership
Private owner

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
AddressSoldPriceLot$/sq ftAway
214 SW 2nd Ave
Bought for a new home · Amara Builders
Jan 2026$1.2M13,303 sf$9081 m
238 SW 2nd Ave
Bought for a new home · The Levi Group
Oct 2023$560K6,551 sf$85140 m
120 SW 3rd Ave
Vacant lot sale
Nov 2023$175K6,795 sf$26197 m
218 S Swinton Ave
Bought for a new home · Beachfront Builders
Oct 2023$850K6,447 sf$132205 m
222 SW 4th Ave
Vacant lot sale
Aug 2026$70K6,752 sf$10225 m
301 SW 1st Ave
Bought for a new home · Acassa Construction
Aug 2025$725K8,398 sf$86231 m
218 SW 5th Ave
Bought for a new home · J&V Residential Services
May 2025$282K6,726 sf$42317 m
515 SW 2nd St
Vacant lot sale
Aug 2026$70K6,734 sf$10348 m