Vacant lotWaterfront

3217 NE 40 St

Bermuda RivieraFort Lauderdale7,862 sq ft lot (0.18 acres)Zoned RS-8
3217 NE 40 St in January 20263217 NE 40 St in 20162016 · City of Fort Lauderdale · Fort Lauderdale2026 · Broward County · Broward Co.

Drag to compare the lot in 2016 with January 2026. The pink line is the surveyed parcel boundary.

What it’s worth as land

From recorded sales
$1.55–2.21MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 7,862 sq ft.
Land price per sq ft, sized to this lot
$0$225$450

Sized to this lot, nearby waterfront land sales point to about $247 per sq ft. This parcel last sold for $1.26M in Jun 2017 ($160 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$1.85Mto build and sell a 5,900 sq ft home here at a 15% margin.
TightAt $1.94M for the land:Profit $735K · 13.0%Needs $979/sq ft to hit 15% · assumed $955
Land $1.94MBuild $1.92MSoft costs $192KCarry $510KSelling $338KProfit $735KSale $5.63M
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
AE base flood elevation 6–7 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
7,862 sf 0.18 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
AddressSoldPriceLot$/sq ftAway
3207 NE 38 St
Bought for a new home · Firstwater Building & Design
May 2023$3.55M9,391 sf$378171 m
2849 NE 37 Ct
Bought for a new home · Uback Construction
Jan 2025$7.2M21,766 sf$331207 m
3316 NE 38 St
Vacant lot sale
Feb 2025$1.57M8,000 sf$196261 m
3070 NE 40 Ct
Bought for a new home · Gottsegen Builders
Jul 2022$2.4M9,101 sf$264309 m
3310 NE 37 St
Bought for a new home · Inbuild Group
Mar 2026$1.45M8,000 sf$181366 m
2856 NE 36 St
Bought for a new home · Jeff Hendricks Developers
Jun 2022$2.3M10,000 sf$230485 m
3080 NE 42 St
Bought for a new home · MVP Construction Services
Sep 2025$1.95M10,350 sf$188522 m
3110 NE 43 St
Bought for a new home · East Custom Construction
Jun 2022$2.42M8,977 sf$270622 m