Vacant lot
2851 SW 23 Pl
RiverlandingsFort Lauderdale21,259 sq ft lot (0.49 acres)Zoned RS-3.52
Aerial from January 2026, the newest available. The pink line is the surveyed parcel boundary.
What it’s worth as land
From recorded sales$383–489KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 21,259 sq ft.
Land price per sq ft, sized to this lot
$0$25$50
Sized to this lot, nearby land sales point to about $22 per sq ft.
Does it pencil?
Build-and-sell pro formaSupports a land price up to$49Kto build and sell a 3,300 sq ft home here at a 15% margin.
Doesn’t pencilAt $468K for the land:Loss $304K · −27.1%Needs $521/sq ft to hit 15% · assumed $340
Land $468KBuild $710KSoft costs $71KCarry $111KSelling $67KLoss $304KSale $1.12M
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-3.52 Irregular Residential
- Flood zone
- AE base flood elevation 5 ft
- Lowest floor
- 6 ft+ BFE + 1 ft minimum under the Florida Building Code; confirm with the city
- Waterfront
- No
- Lot size
- 21,259 sf 0.49 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
Off the water · last 5 years| Address | Sold | Price | Lot | $/sq ft | Away |
|---|---|---|---|---|---|
| 1971 SW 30 Ter Vacant lot sale | Mar 2023 | $213K | 10,018 sf | $21 | 609 m |
| 1951 SW 30 Ter Bought for a new home · Citadel Property Construction | Sep 2025 | $225K | 10,009 sf | $22 | 626 m |
| 2000 SW 31 Ave Vacant lot sale | Oct 2024 | $259K | 8,087 sf | $32 | 651 m |
| 2121 Tanbark Ln Bought for a new home · Belkasa | Mar 2025 | $320K | 10,507 sf | $30 | 720 m |
| 1810 SW 30 Ter Bought for a new home · H&M Housing Land Development | Sep 2023 | $224K | 13,789 sf | $16 | 724 m |
| 2473 SW 21 St Bought for a new home · Constructonik | Apr 2025 | $257K | 8,894 sf | $29 | 825 m |
| 2415 SW 18 Ct Bought for a new home · Next Era Contractors | May 2026 | $304K | 10,494 sf | $29 | 947 m |
| 1680 Riverland Rd Vacant lot sale | Dec 2024 | $260K | 9,781 sf | $27 | 954 m |