Vacant lotWaterfront

2060 SW 16 Ct

Shady BanksFort Lauderdale58,617 sq ft lot (1.35 acres)Zoned RS-8

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

What it’s worth as land

From recorded sales

$3.81–4.22MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 58,617 sq ft.

Land price per sq ft, sized to this lot

$0$58$115

Sized to this lot, nearby waterfront land sales point to about $69 per sq ft. This parcel last sold for $1.57M in Mar 2024 ($27 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma

Supports a land price up to$382Kto build and sell a 5,700 sq ft home here at a 15% margin.

Doesn’t pencilAt $1.57M for the land:Loss $1M · −38.0%Needs $772/sq ft to hit 15% · assumed $462

Land $1.57MBuild $1.37MSoft costs $137KCarry $396KSelling $158KLoss $1MSale $2.63M

Land price$Last sale, Mar 2024Home sizesq ftabout 45% of the lot, capped at the upper range of new homes nearbySale price per sq ft$6 nearest new homes soldBuild cost per sq ft$Upscale 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 ~33 mo (Fort Lauderdale median on 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-8 Residential Single Family/Low Medium Density
Flood zone: AE base flood elevation 6–7 ft
Lowest floor: 8 ft+ BFE + 1 ft minimum under the Florida Building Code; confirm with the city
Waterfront: Yes dock, seawall and setback rules apply
Lot size: 58,617 sf 1.35 acres
Ownership: Company often a builder or investor

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

Waterfront · last 5 years

Address	Sold	Price	Lot	$/sq ft	Away
1542 SW 18 Ter Vacant lot sale	Feb 2025	$900K	7,910 sf	$114	251 m
1483 SW 18 Ave Vacant lot sale	Aug 2024	$564K	6,557 sf	$86	415 m
1316 Tangelo Isle Bought for a new home · Ram Construction Services	Oct 2023	$1.24M	7,781 sf	$159	888 m
1313 Orange Isle Bought for a new home · Fennec	Feb 2023	$850K	6,890 sf	$123	897 m
1317 Tangelo Isle Bought for a new home · Florida's Best Construction Services	Nov 2023	$1.03M	7,781 sf	$132	902 m
2500 Riverland Rd Vacant lot sale	May 2025	$1.18M	30,032 sf	$39	983 m
1325 Guava Isle Bought for a new home · Kedeco Enterprises	Jul 2026	$1.1M	7,950 sf	$138	999 m
1212 Mandarin Isle Bought for a new home · Fennec	Nov 2023	$865K	6,890 sf	$126	1.0 km

Interested in this lot?

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New homes in Shady Banks

Rising

Broward Co. 2026 · 26.1044° N 80.1649° W

1725 SW 14 St

Shady BanksDinh Consulting

Likely price$1.6–2.2M

Rising

Broward Co. 2026 · 26.1066° N 80.1629° W

1601 SW 12 Ct

Shady BanksRock Foundation Builders

Likely price$1.6–2.2M

All new homes in Shady Banks →

Record

Parcel folio: 504216210034
Assessed land value: $2.05M
Typical build here: 33.1 months permit to certificate of occupancy, waterfront homes, Fort Lauderdale

Report a correction · Estimates are not appraisals.