Vacant lotWaterfront

372 NE 5th Ave

Kinney P D & H D GatesBoca Raton68,908 sq ft lot (1.58 acres)Zoned R1B
372 NE 5th Ave in 2026372 NE 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
$14.1–18.9MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 68,908 sq ft.
Land price per sq ft, sized to this lot
$0$259$518

Sized to this lot, nearby waterfront land sales point to about $212 per sq ft. This parcel last sold for $29.8M in Apr 2022 ($432 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$3.77Mto build and sell a 7,400 sq ft home here at a 15% margin.
Doesn’t pencilAt $14.6M for the land:Loss $10.5M · −89.1%Needs $3,681/sq ft to hit 15% · assumed $1,588
Land $14.6MBuild $4.29MSoft costs $429KCarry $2.19MSelling $705KLoss $10.5MSale $11.8M
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
R1B Single-Family Residential
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
68,908 sf 1.58 acres
Ownership
Private owner

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

Waterfront · last 5 years
AddressSoldPriceLot$/sq ftAway
250 NE 5th Ave
Bought for a new home · Mark Timothy
Nov 2021$22M70,354 sf$31389 m
175 NE Spanish Trl
Bought for a new home · Firstwater Building & Design
Feb 2025$7.7M16,466 sf$468224 m
511 Silver Ln
Bought for a new home · M I Bobcat
Oct 2024$3.38M8,908 sf$379594 m
511 Golden Harbour Dr
Bought for a new home · M I Bobcat
May 2026$3.38M8,507 sf$397805 m
541 Golden Harbour Dr
Bought for a new home · Bealecon Construction
Aug 2023$3.4M8,925 sf$381806 m
840 Coquina Way
Bought for a new home · Blackfin Contractors L L C
Apr 2023$4.2M11,570 sf$363807 m
989 Marble Way
Bought for a new home · National Custom Homes IV
Jan 2022$2.6M13,129 sf$198813 m
839 Orchid Dr
Bought for a new home · Bealecon Construction
Jun 2024$5.1M10,616 sf$480822 m