Vacant lot

280 E Palmetto Park Rd

Boca Raton27,391 sq ft lot (0.63 acres)Zoned DDRI
280 E Palmetto Park Rd in 2026280 E Palmetto Park Rd 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
$3.12–3.89MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 27,391 sq ft.
Land price per sq ft, sized to this lot
$0$214$427

Sized to this lot, nearby land sales point to about $127 per sq ft. This parcel last sold for $9.75M in May 2023 ($356 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$1.68Mto build and sell a 5,550 sq ft home here at a 15% margin.
Doesn’t pencilAt $3.48M for the land:Loss $1.19M · −21.7%Needs $1,454/sq ft to hit 15% · assumed $993
Land $3.48MBuild $2.11MSoft costs $211KCarry $577KSelling $331KLoss $1.19MSale $5.51M
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
DDRI DDRI
Flood zone
X
Lowest floor
—
Waterfront
No
Lot size
27,391 sf 0.63 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
331 E Boca Raton Rd
Bought for a new home · Elite Living Builders
Jul 2025$1.35M8,285 sf$163207 m
345 E Boca Raton Rd
Bought for a new home · Amco Construction and Remodeling
May 2023$1.5M8,281 sf$181213 m
310 NE 2nd St
Bought for a new home · YM Construction
Dec 2021$1.16M8,289 sf$139235 m
344 NE 2nd St
Bought for a new home · YM Construction
Nov 2021$1.07M8,276 sf$130260 m
444 E Royal Palm Rd
Bought for a new home · JH Norman Construction
Feb 2022$2.27M14,767 sf$154319 m
250 NE 3rd St
Bought for a new home · Lighthouse General Contractors
Mar 2025$1.95M9,535 sf$205333 m
334 NE 3rd St
Bought for a new home · M I Bobcat
May 2023$1.65M10,359 sf$159341 m
401 NE 2nd St
Bought for a new home · Boca Development & Construction
Jun 2022$1.05M10,041 sf$105377 m