Vacant lot

322 SW 5th Ave

Delray Beach6,804 sq ft lot (0.16 acres)Zoned R-1-A
322 SW 5th Ave in 2026322 SW 5th Ave in 20172017 · Palm Beach County · Palm Beach Co.2026 · Palm Beach County · Palm Beach Co.

Drag to compare the lot in 2017 with 2026. The pink line is the surveyed parcel boundary.

What it’s worth as land

From recorded sales
$129–286KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 6,804 sq ft.
Land price per sq ft, sized to this lot
$0$34$67

Sized to this lot, nearby land sales point to about $38 per sq ft. This parcel last sold for $180K in Dec 2021 ($26 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Left over for the landNothingAt $454/sq ft, a 1,850 sq ft home here costs more to build, carry and sell than it brings in at a 15% margin. It starts to work above about $476/sq ft, or with a smaller or cheaper build.
Doesn’t pencilAt $259K for the land:Loss $193K · −23.0%Needs $672/sq ft to hit 15% · assumed $454
Land $259KBuild $601KSoft costs $60KCarry $62KSelling $50KLoss $193KSale $840K
Delray Beach calibration

Calibrated on 83 Delray Beach deals. With these build costs the calculator's land budget is a median 98% of what the builders actually paid for the lot, and within 25% of it on 47 of the 83 (the old defaults came to 85%).

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
R-1-A Single Family Residential
Flood zone
X
Lowest floor
—
Waterfront
No
Lot size
6,804 sf 0.16 acres
Ownership
Private owner

Setbacks, height and lot coverage depend on the zoning district; see Delray Beach’s Land Development Regulations (Chapter 4, Zoning). Confirm with a surveyor and the city before you buy.

Nearby land sales

Off the water · last 5 years
AddressSoldPriceLot$/sq ftAway
300 SW 5th Ave
Vacant lot sale
Mar 2023$705K25,927 sf$2755 m
415 SW 4th St
Vacant lot sale
Feb 2024$300K8,546 sf$35113 m
403 SW 5th Ave
Vacant lot sale
Oct 2024$110K6,434 sf$17134 m
601 SW 3rd St
Bought for a new home · J&V Residential Services
Mar 2023$120K6,020 sf$20155 m
229 SW 6th Ave
Vacant lot sale
May 2023$300K6,817 sf$44180 m
218 SW 5th Ave
Bought for a new home · J&V Residential Services
May 2025$282K6,726 sf$42220 m
222 SW 4th Ave
Vacant lot sale
Aug 2026$70K6,752 sf$10225 m
755 SW 4th St
Vacant lot sale
May 2024$225K5,907 sf$38243 m