Vacant lotWaterfront

2500 N Ocean Blvd

RedlhammerBoca Raton14,113 sq ft lot (0.32 acres)Zoned R3F
Aerial of 2500 N Ocean Blvd, 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
$3.57–4.74MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 14,113 sq ft.
Land price per sq ft, sized to this lot
$0$269$538

Sized to this lot, nearby waterfront land sales point to about $297 per sq ft. This parcel last sold for $435K in Apr 1997.

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$1.58Mto build and sell a 5,750 sq ft home here at a 15% margin.
Doesn’t pencilAt $4.19M for the land:Loss $1.86M · −25.9%Needs $1,901/sq ft to hit 15% · assumed $1,253
Land $4.19MBuild $3.33MSoft costs $334KCarry $777KSelling $432KLoss $1.86MSale $7.2M
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
R3F Multifamily Residential
Flood zone
VE base flood elevation 12 ft
Lowest floor
13 ft+ BFE + 1 ft minimum under the Florida Building Code; confirm with the city
Waterfront
Yes dock, seawall and setback rules apply
Lot size
14,113 sf 0.32 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

Waterfront · last 5 years
AddressSoldPriceLot$/sq ftAway
758 NE Harbour Dr
Bought for a new home · Frankel Homes Limited
Nov 2022$3.04M8,925 sf$341616 m
797 NE Harbour Dr
Bought for a new home · AG Property Development
Feb 2025$3.2M10,960 sf$292664 m
691 NE 29th Pl
Bought for a new home · A & N Housing Group
Mar 2024$2.6M8,969 sf$290872 m
711 NE 32nd St
Bought for a new home · Beach to Bay Custom Builders
Mar 2022$2.1M9,400 sf$2231.0 km
721 NE 34th St
Bought for a new home · AG Property Development
Aug 2023$1.88M13,565 sf$1381.1 km
651 Golden Harbour Dr
Bought for a new home · Bealecon Construction
Nov 2023$3.25M10,380 sf$3131.4 km
590 Phillips Dr
Bought for a new home · CJM Communities
Apr 2024$3.33M8,503 sf$3911.5 km
580 Phillips Dr
Bought for a new home · By His Grace Construction
May 2023$3.2M9,492 sf$3371.5 km