40 Compass Isle
Aerial from January 2026, the newest available. The pink line is the surveyed parcel boundary.
What it’s worth as land
From recorded salesSized to this lot, nearby waterfront land sales point to about $182 per sq ft. This parcel last sold for $4.5M in Dec 2025 ($360 per sq ft, the pink dot).
Does it pencil?
Build-and-sell pro formaFort 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-4.4 Residential of Single Family/Low 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
- 12,500 sf 0.29 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| Address | Sold | Price | Lot | $/sq ft | Away |
|---|---|---|---|---|---|
| 111 Bay Colony Dr Bought for a new home · Sarkela | Oct 2025 | $5.75M | 16,653 sf | $345 | 148 m |
| 30 Compass Pt Bought for a new home · Storelli Construction | Aug 2025 | $7M | 26,663 sf | $263 | 203 m |
| 3110 NE 59 St Bought for a new home · Collin Builders | Aug 2023 | $1.65M | 9,360 sf | $176 | 367 m |
| 3200 NE 58 St Bought for a new home · Grey Door Construction | Feb 2022 | $1.84M | 9,606 sf | $192 | 473 m |
| 3321 NE 58 St Bought for a new home · Bomar Builders | Jul 2023 | $6.5M | 25,094 sf | $259 | 482 m |
| 2830 NE 59 St Vacant lot sale | Feb 2026 | $1.35M | 8,295 sf | $163 | 491 m |
| 3210 NE 57 Ct Bought for a new home · J & M Contractors of South Florida | Aug 2022 | $1.68M | 9,922 sf | $169 | 590 m |
| 3300 NE 56 Ct Bought for a new home · Bomar Builders | Apr 2022 | $4.53M | 17,038 sf | $266 | 686 m |