Vacant lot
232 Sabal Palm Ter
Aerial from 2026, the newest available. The pink line is the surveyed parcel boundary.
What it’s worth as land
From recorded sales$3.08–4.84MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 11,548 sq ft.
Land price per sq ft, sized to this lot
$0$335$670
Sized to this lot, nearby land sales point to about $381 per sq ft. This parcel last sold for $250K in Dec 1988.
Does it pencil?
Build-and-sell pro formaSupports a land price up to$3.9Mto build and sell a 6,500 sq ft home here at a 15% margin.
TightAt $4.4M for the land:Profit $1.1M · 9.9%Needs $1,821/sq ft to hit 15% · assumed $1,711
Land $4.4MBuild $3.77MSoft costs $377KCarry $805KSelling $667KProfit $1.1MSale $11.1M
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
- 11,548 sf 0.27 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 |
|---|---|---|---|---|---|
| 1694 Sabal Palm Dr Bought for a new home · SRD Building | Aug 2023 | $5M | 14,410 sf | $347 | 109 m |
| 1642 Sabal Palm Dr Bought for a new home · SRD Building | Feb 2025 | $6M | 16,183 sf | $371 | 176 m |
| 250 Fan Palm Rd Bought for a new home · Primo Construction | Jul 2025 | $5M | 13,839 sf | $361 | 288 m |
| 1801 Royal Palm Way Vacant lot sale | Jun 2024 | $12.6M | 28,619 sf | $441 | 303 m |
| 1845 Royal Palm Way Vacant lot sale | Jul 2026 | $7M | 15,690 sf | $446 | 336 m |
| 1812 Sabal Palm Cir Bought for a new home · SRD Building | Nov 2021 | $5M | 16,426 sf | $304 | 367 m |
| 272 Thatch Palm Dr Bought for a new home · SRD Building | Nov 2021 | $5M | 23,056 sf | $217 | 443 m |
| 399 Royal Palm Way Bought for a new home · SRD Building | Nov 2025 | $7M | 19,049 sf | $367 | 506 m |