Aerial from 2026, the newest available. The pink line is the surveyed parcel boundary.
What it’s worth as land
From recorded sales$292–763KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 7,479 sq ft.
Land price per sq ft, sized to this lot
$0$82$163
Sized to this lot, nearby land sales point to about $99 per sq ft.
Does it pencil?
Build-and-sell pro formaSupports a land price up to$796Kto build and sell a 2,800 sq ft home here at a 15% margin.
PencilsAt $740K for the land:Profit $472K · 17.2%Needs $949/sq ft to hit 15% · assumed $977
Land $740KBuild $1.11MSoft costs $111KCarry $143KSelling $164KProfit $472KSale $2.74M
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
- 7,479 sf 0.17 acres
- Ownership
- Company often a builder or investor
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| Address | Sold | Price | Lot | $/sq ft | Away |
|---|---|---|---|---|---|
| 248 NW 5th Ave Vacant lot sale | Mar 2024 | $225K | 4,352 sf | $52 | 343 m |
| 531 NW 4th Ave Bought for a new home · Edgewater GC | Apr 2022 | $975K | 10,598 sf | $92 | 369 m |
| 350 NW 6th Ave Vacant lot sale | May 2025 | $265K | 6,425 sf | $41 | 398 m |
| 220 NW 7th St Bought for a new home · Azure Development | Oct 2023 | $1.3M | 16,710 sf | $78 | 479 m |
| 515 NW 2nd St Bought for a new home · Pulte Home | Jan 2023 | $162K | 7,532 sf | $22 | 482 m |
| 102 NW 7th St Bought for a new home · Stuart & Shelby Development | Apr 2022 | $1.55M | 18,260 sf | $85 | 490 m |
| 521 NW 2nd St Bought for a new home · Pulte Home | Jan 2023 | $162K | 7,532 sf | $22 | 494 m |
| 502 Gardenia Ter Bought for a new home · Southshore Builders | Dec 2021 | $1.02M | 11,805 sf | $87 | 508 m |