Vacant lotWaterfront

2832 NE 24 Ct

Coral RidgeFort Lauderdale10,000 sq ft lot (0.23 acres)Zoned RS-4.4

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Aerial from January 2026, the newest available. The pink line is the surveyed parcel boundary.

What it’s worth as land

From recorded sales

$2.11–2.75MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 10,000 sq ft.

Land price per sq ft, sized to this lot

$0$220$440

Sized to this lot, nearby waterfront land sales point to about $234 per sq ft. This parcel last sold for $1.24M in Jul 2017 ($124 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma

Supports a land price up to$666Kto build and sell a 7,300 sq ft home here at a 15% margin.

Doesn’t pencilAt $2.34M for the land:Loss $860K · −11.7%Needs $1,344/sq ft to hit 15% · assumed $1,004

Land $2.34MBuild $4.2MSoft costs $420KCarry $792KSelling $440KLoss $860KSale $7.33M

Land price$Midpoint of nearby land sales, adjusted for lot sizeHome sizesq ftsized like 10 new homes on similar lots nearbySale price per sq ft$8 nearest new homes soldBuild cost per sq ft$Ultra-luxury assumption, per sq ft of total area. Declared permit values here run ~$111/sq ft, well under real cost.Soft costs% of buildDesign, engineering, permits, insuranceMonths, purchase to salemoBuild ~33 mo (Fort Lauderdale median on the water) + permitting and saleInterest rate%On a loan covering about 65% of costsSelling costs% of saleTarget margin% of sale

Fort 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: 10,000 sf 0.23 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
2825 NE 24 St Bought for a new home · ACD Inst Corp	Dec 2024	$2.35M	10,997 sf	$214	93 m
2865 NE 24 Ct Bought for a new home · Double P Construction	Dec 2024	$2.34M	10,000 sf	$234	139 m
2823 NE 24 Pl Bought for a new home · Garza Contractors	Feb 2026	$2.1M	10,000 sf	$210	161 m
2456 Bayview Dr Bought for a new home · Double P Construction	Dec 2023	$1.82M	8,114 sf	$225	226 m
2880 NE 25 St Vacant lot sale	Mar 2025	$2.7M	10,000 sf	$270	287 m
2120 Intracoastal Dr Bought for a new home · ACD Inst Corp	Nov 2023	$3.44M	11,208 sf	$307	318 m
2890 NE 25 St Vacant lot sale	Dec 2024	$1.75M	12,319 sf	$142	327 m
3018 NE 20 Ct Bought for a new home · Aerial Precast Concrete	Jan 2022	$2.92M	10,494 sf	$279	371 m

Interested in this lot?

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New homes in Coral Ridge

Rising

Broward Co. 2026 · 26.1578° N 80.1126° W

2500 NE 26 Ave

Coral RidgeSilver Group Construction

Broward Co. 2026 · 26.1590° N 80.1151° W

Est. doneMay ’28–Jul ’29

All new homes in Coral Ridge →

Record

Parcel folio: 494225033490
Assessed land value: $2.25M
Typical build here: 33.1 months permit to certificate of occupancy, waterfront homes, Fort Lauderdale

Report a correction · Estimates are not appraisals.