Vacant lot

2425 N Ocean Blvd

MarchandBoca Raton11,996 sq ft lot (0.28 acres)Zoned R3E
2425 N Ocean Blvd in 20262425 N Ocean Blvd in 20172017 · Palm Beach County · Palm Beach Co.2026 · Palm Beach County · Palm Beach Co.

Drag to compare the lot in 2017 with 2026. The pink line is the surveyed parcel boundary.

What it’s worth as land

From recorded sales
$888K–1.43MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 11,996 sq ft.
Land price per sq ft, sized to this lot
$0$95$190

Sized to this lot, nearby land sales point to about $95 per sq ft. This parcel last sold for $318K in Sep 2015 ($27 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$1.13Mto build and sell a 5,000 sq ft home here at a 15% margin.
TightAt $1.14M for the land:Profit $649K · 14.7%Needs $886/sq ft to hit 15% · assumed $883
Land $1.14MBuild $1.9MSoft costs $190KCarry $272KSelling $265KProfit $649KSale $4.42M
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
R3E Multifamily Residential
Flood zone
X
Lowest floor
—
Waterfront
No
Lot size
11,996 sf 0.28 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
980 Lago Mar Ln
Vacant lot sale
Jun 2025$1.82M7,501 sf$243129 m
470 NE 26th Ter
Bought for a new home · Pineland Homes
Apr 2025$490K7,501 sf$65976 m
2720 NE 25th Ter
Bought for a new home · M I Bobcat
Mar 2026$624K7,266 sf$861.3 km
2136 NE 4th Ct
Bought for a new home · M I Bobcat
May 2026$590K7,501 sf$791.3 km
445 NE 15th Ter
Bought for a new home · AH Construction Group
Feb 2025$1.2M9,409 sf$1281.4 km
2100 NE 4th Ave
Bought for a new home · M I Bobcat
Jan 2026$640K8,276 sf$771.4 km
2110 NE 4th Ave
Bought for a new home · M I Bobcat
Jul 2026$710K8,276 sf$861.4 km
435 NE 15th Ter
Bought for a new home · TGR Design Build
Feb 2026$1.25M9,331 sf$1341.4 km