Vacant lot

3876 Sherwood Blvd

Sherwood ParkDelray Beach12,502 sq ft lot (0.29 acres)Zoned R-1-AAA-B
Aerial of 3876 Sherwood Blvd, 20262026 · Palm Beach County · Palm Beach Co.

Aerial from 2026, the newest available. The pink line is the surveyed parcel boundary.

What it’s worth as land

From recorded sales
$813K–1.48MMiddle half of nearby land sales, adjusted for lot size (11 sales), applied to this lot’s 12,502 sq ft.
Land price per sq ft, sized to this lot
$0$94$189

Sized to this lot, nearby land sales point to about $96 per sq ft.

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$6Kto build and sell a 2,250 sq ft home here at a 15% margin.
Doesn’t pencilAt $1.2M for the land:Loss $1.16M · −107.3%Needs $1,223/sq ft to hit 15% · assumed $480
Land $1.2MBuild $731KSoft costs $73KCarry $170KSelling $65KLoss $1.16MSale $1.08M
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-AAA-B Single Family Residential
Flood zone
X
Lowest floor
—
Waterfront
No
Lot size
12,502 sf 0.29 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
AddressSoldPriceLot$/sq ftAway
3505 Lowson Blvd
Bought for a new home · Janssen Construction
Sep 2024$815K19,863 sf$41513 m
4539 Live Oak Blvd
Bought for a new home · Howard Torn Construction Associates
May 2024$2.79M14,005 sf$1991.6 km
4780 Cherry Laurel Ln
Bought for a new home
Aug 2023$900K14,527 sf$621.6 km
4590 Live Oak Blvd
Bought for a new home · Core 4 Homes
May 2026$1.3M14,052 sf$931.7 km
4198 Live Oak Blvd
Bought for a new home · Ellish Construction
Feb 2024$1.43M13,673 sf$1042.0 km
2520 Greenbrier Dr
Bought for a new home · Bealecon Construction
Jun 2023$1.55M50,116 sf$312.0 km
4770 Tree Fern Dr
Bought for a new home · Ellish Construction
Mar 2025$1.6M14,000 sf$1142.0 km
4802 Tree Fern Dr
Bought for a new home · Ellish Construction
Jan 2025$2.1M17,228 sf$1222.1 km