Vacant lotWaterfront

3316 NE 38 St

Bermuda RivieraFort Lauderdale8,000 sq ft lot (0.18 acres)Zoned RS-8
3316 NE 38 St in January 20263316 NE 38 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
$1.63–3.58MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 8,000 sq ft.
Land price per sq ft, sized to this lot
$0$358$715

Sized to this lot, nearby waterfront land sales point to about $280 per sq ft. This parcel last sold for $1.57M in Feb 2025 ($196 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$1.88Mto build and sell a 6,000 sq ft home here at a 15% margin.
PencilsAt $1.57M for the land:Profit $1.22M · 21.3%Needs $879/sq ft to hit 15% · assumed $955
Land $1.57MBuild $1.95MSoft costs $195KCarry $450KSelling $344KProfit $1.22MSale $5.73M
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 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
8,000 sf 0.18 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

Waterfront · last 5 years
AddressSoldPriceLot$/sq ftAway
3310 NE 37 St
Bought for a new home · Inbuild Group
Mar 2026$1.45M8,000 sf$181109 m
3207 NE 38 St
Bought for a new home · Firstwater Building & Design
May 2023$3.55M9,391 sf$378158 m
2849 NE 37 Ct
Bought for a new home · Uback Construction
Jan 2025$7.2M21,766 sf$331289 m
2856 NE 36 St
Bought for a new home · Jeff Hendricks Developers
Jun 2022$2.3M10,000 sf$230432 m
2881 NE 35 St
Bought for a new home · Double P Construction
Jan 2022$1.6M10,000 sf$160550 m
3070 NE 40 Ct
Bought for a new home · Gottsegen Builders
Jul 2022$2.4M9,101 sf$264569 m
3080 NE 42 St
Bought for a new home · MVP Construction Services
Sep 2025$1.95M10,350 sf$188776 m
3110 NE 43 St
Bought for a new home · East Custom Construction
Jun 2022$2.42M8,977 sf$270869 m