Aerial from 2026, the newest available. The pink line is the surveyed parcel boundary.
What it’s worth as land
From recorded sales$1.97–2.32MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 12,415 sq ft.
Land price per sq ft, sized to this lot
$0$150$299
Sized to this lot, nearby land sales point to about $179 per sq ft. This parcel last sold for $230K in Sep 2010.
Does it pencil?
Build-and-sell pro formaSupports a land price up to$1.05Mto build and sell a 5,550 sq ft home here at a 15% margin.
Doesn’t pencilAt $2.22M for the land:Loss $380K · −6.1%Needs $1,428/sq ft to hit 15% · assumed $1,127
Land $2.22MBuild $3.22MSoft costs $322KCarry $496KSelling $375KLoss $380KSale $6.25M
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
- R1D Single-Family Residential
- Flood zone
- X
- Lowest floor
- —
- Waterfront
- No
- Lot size
- 12,415 sf 0.29 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| Address | Sold | Price | Lot | $/sq ft | Away |
|---|---|---|---|---|---|
| 265 NE 4th St Bought for a new home · TGR Design Build | Sep 2025 | $2.05M | 9,596 sf | $214 | 69 m |
| 334 NE 5th St Bought for a new home · YM Construction | Jun 2022 | $1.66M | 9,370 sf | $177 | 101 m |
| 335 NE 5th St Bought for a new home · Larsen Builders | Oct 2023 | $1.75M | 8,808 sf | $199 | 110 m |
| 334 NE 4th St Bought for a new home | May 2025 | $1.95M | 8,795 sf | $222 | 114 m |
| 299 NE 3rd Ct Vacant lot sale | Jul 2023 | $2M | 11,282 sf | $177 | 120 m |
| 354 NE 4th St Bought for a new home · M I Bobcat | Nov 2022 | $1.55M | 8,795 sf | $176 | 132 m |
| 274 NE 3rd Ct Bought for a new home · YM Construction | Aug 2023 | $1.8M | 8,603 sf | $209 | 174 m |
| 301 NE 3rd St Bought for a new home · CJM Communities | May 2023 | $1.71M | 10,581 sf | $162 | 212 m |