2507 Mercedes Dr
Aerial from January 2026, the newest available. The pink line is the surveyed parcel boundary.
What it’s worth as land
From recorded salesSized to this lot, nearby waterfront land sales point to about $418 per sq ft. This parcel last sold for $1.4M in Mar 2000.
Does it pencil?
Build-and-sell pro formaFort 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-4.4 Residential of Single Family/Low 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
- 12,972 sf 0.30 acres
- Ownership
- Private owner
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| Address | Sold | Price | Lot | $/sq ft | Away |
|---|---|---|---|---|---|
| 2525 Mercedes Dr Bought for a new home · Gulf Building | Jan 2025 | $5.16M | 12,350 sf | $418 | 121 m |
| 2524 Mercedes Dr Bought for a new home · CM Land Development | Nov 2023 | $5.1M | 12,350 sf | $413 | 133 m |
| 2531 Mercedes Dr Bought for a new home · Gulf Building | Jan 2025 | $5.44M | 13,000 sf | $418 | 151 m |
| 2542 Lucille Dr Bought for a new home · Oren Development | Oct 2024 | $5.7M | 11,875 sf | $480 | 170 m |
| 2537 Lucille Dr Bought for a new home · CBJ Construction | Jun 2023 | $4.83M | 11,875 sf | $407 | 184 m |
| 2518 Laguna Dr Bought for a new home · Bognet Construction Associates of Florida | Sep 2023 | $5.74M | 14,003 sf | $410 | 214 m |
| 2542 Laguna Dr Vacant lot sale | Oct 2025 | $7.55M | 14,532 sf | $520 | 258 m |
| 2552 Mercedes Dr Bought for a new home · Premium Design & Build | Mar 2025 | $4.95M | 13,000 sf | $381 | 276 m |