Vacant lotWaterfront

2240 NE 15 Ct

Bal HarbourFort Lauderdale13,384 sq ft lot (0.31 acres)Zoned RS-8
2240 NE 15 Ct in January 20262240 NE 15 Ct in 20162016 · City of Fort Lauderdale · Fort Lauderdale2026 · Broward County · Broward Co.

Drag to compare the lot in 2016 with January 2026. The pink line is the surveyed parcel boundary.

What it’s worth as land

From recorded sales
$1.87–2.81MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 13,384 sq ft.
Land price per sq ft, sized to this lot
$0$168$336

Sized to this lot, nearby waterfront land sales point to about $193 per sq ft. This parcel last sold for $875K in Feb 2019 ($65 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$1.33Mto build and sell a 4,200 sq ft home here at a 15% margin.
Doesn’t pencilAt $2.58M for the land:Loss $866K · −21.5%Needs $1,402/sq ft to hit 15% · assumed $959
Land $2.58MBuild $1.36MSoft costs $137KCarry $568KSelling $242KLoss $866KSale $4.03M
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 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
13,384 sf 0.31 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
AddressSoldPriceLot$/sq ftAway
2237 NE 15 Ct
Bought for a new home · Double P Construction
Jan 2022$2.4M10,648 sf$22534 m
2231 NE 15 Ct
Bought for a new home · Rio Feo Development
Jul 2024$2.17M8,889 sf$24553 m
2218 NE 16 St
Bought for a new home · AD Developers
Sep 2022$1.82M8,844 sf$206121 m
1353 Middle River Dr
Bought for a new home · Schachne Architects & Builders
Dec 2022$2.85M15,393 sf$185249 m
1812 NE 23 Ave
Bought for a new home · FD Construction Consulting
Apr 2024$1.6M11,522 sf$139584 m
1636 NE 18 Ave
Bought for a new home · All About Construction & Development
Apr 2025$2.45M9,749 sf$251598 m
1900 NE 22 Ter
Bought for a new home · Total Solution Contractors
Mar 2024$1.6M14,101 sf$113621 m
2215 NE 19 St
Bought for a new home · Gusti Building
Jan 2022$1.1M10,042 sf$110621 m