Vacant lot

241 E Fern Dr

Boca Ratone Por La MarBoca Raton10,110 sq ft lot (0.23 acres)
Aerial of 241 E Fern Dr, 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
$1.66–1.9MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 10,110 sq ft.
Land price per sq ft, sized to this lot
$0$150$301

Sized to this lot, nearby land sales point to about $168 per sq ft. This parcel last sold for $2.2M in May 2026 ($218 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$1.53Mto build and sell a 5,700 sq ft home here at a 15% margin.
TightAt $2.2M for the land:Profit $59K · 1.1%Needs $1,111/sq ft to hit 15% · assumed $945
Land $2.2MBuild $2.17MSoft costs $217KCarry $422KSelling $323KProfit $59KSale $5.39M
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
—
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
No
Lot size
10,110 sf 0.23 acres
Ownership
Company often a builder or investor

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
AddressSoldPriceLot$/sq ftAway
800 W Fern Dr
Vacant lot sale
Jul 2026$2.5M9,971 sf$25121 m
735 W Fern Dr
Bought for a new home · Beach to Bay Custom Builders
Dec 2021$1.32M11,260 sf$11876 m
799 Park Dr W
Bought for a new home · Collin Building Group
Jan 2026$1.68M7,976 sf$210128 m
107 SE Olive Way
Bought for a new home · TGR Design Build
Dec 2025$1.38M6,368 sf$216179 m
870 E Boca Raton Rd
Bought for a new home · Bealecon Construction
Sep 2025$1.57M9,370 sf$168345 m
100 NE Spanish Trl
Bought for a new home · Primo Construction
May 2025$2.6M14,061 sf$185413 m
123 NE Wavecrest Way
Bought for a new home · Core 4 Homes
Jan 2025$1.55M8,838 sf$175433 m
141 NE Wavecrest Way
Bought for a new home · M I Bobcat
Dec 2023$1.5M8,490 sf$177455 m