Vacant lot

2881 Davie Blvd

Melrose ManorsFort Lauderdale8,632 sq ft lot (0.20 acres)Zoned RS-8

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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

$199–268KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 8,632 sq ft.

Land price per sq ft, sized to this lot

$0$25$50

Sized to this lot, nearby land sales point to about $24 per sq ft. This parcel last sold for $157K in Mar 2012 ($18 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma

Supports a land price up to$48Kto build and sell a 3,200 sq ft home here at a 15% margin.

Doesn’t pencilAt $207K for the land:Loss $17K · −1.5%Needs $411/sq ft to hit 15% · assumed $340

Land $207KBuild $688KSoft costs $69KCarry $75KSelling $65KLoss $17KSale $1.09M

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$8 nearest new homes soldBuild cost per sq ft$Builder grade 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 ~24 mo (Fort Lauderdale median off 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-8 Residential Single Family/Low Medium Density
Flood zone: X
Lowest floor: —
Waterfront: No
Lot size: 8,632 sf 0.20 acres
Ownership: Company often a builder or investor

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
3030 Davie Blvd Vacant lot sale	Jul 2026	$65K	7,888 sf	$8	271 m
1501 SW 28 Way Bought for a new home · Shannon & Shannon Properties	Feb 2026	$200K	8,522 sf	$23	466 m
1611 SW 30 Ave Bought for a new home · Shannon & Shannon Properties	Oct 2023	$180K	7,562 sf	$24	618 m
1625 SW 30 Ave Bought for a new home · Roberto La Rocca	Jul 2024	$275K	8,104 sf	$34	636 m
1005 SW 25 Ave Bought for a new home · Tafur Construction	Sep 2024	$168K	6,500 sf	$26	812 m
1810 SW 30 Ter Bought for a new home · H&M Housing Land Development	Sep 2023	$224K	13,789 sf	$16	853 m
1670 Riverland Rd Bought for a new home · Certified Contractors of America	Oct 2023	$290K	9,874 sf	$29	981 m
1680 Riverland Rd Vacant lot sale	Dec 2024	$260K	9,781 sf	$27	993 m

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Record

Parcel folio: 504217190970
Assessed land value: $173K
Typical build here: 24.4 months permit to certificate of occupancy, homes off the water, Fort Lauderdale

Report a correction · Estimates are not appraisals.