Vacant lot
405 NW 15 Ave
Aerial from January 2026, the newest available. The pink line is the surveyed parcel boundary.
What it’s worth as land
From recorded sales$45–119KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 5,650 sq ft.
Land price per sq ft, sized to this lot
$0$25$50
Sized to this lot, nearby land sales point to about $19 per sq ft.
Does it pencil?
Build-and-sell pro formaLeft over for the landNo fair defaultOur build costs are tested on new homes selling for $400 or more a sq ft, and here they sell for about $187. Enter the build cost per sq ft you expect below to see what the land supports.
Land $107KBuild $452KSoft costs $45KCarry $46KSelling $24KLoss $281KSale $393K
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 6 ft
- Lowest floor
- 7 ft+ BFE + 1 ft minimum under the Florida Building Code; confirm with the city
- Waterfront
- No
- Lot size
- 5,650 sf 0.13 acres
- Ownership
- Private owner
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
Off the water · last 5 years| Address | Sold | Price | Lot | $/sq ft | Away |
|---|---|---|---|---|---|
| 1712 NW 4 St Vacant lot sale | Jul 2025 | $107K | 5,750 sf | $19 | 364 m |
| 416 NW 13 Ave Vacant lot sale | Feb 2026 | $120K | 5,932 sf | $20 | 375 m |
| 1402 NW 2 St Vacant lot sale | May 2023 | $285K | 13,379 sf | $21 | 382 m |
| 533 NW 16 Ave Bought for a new home · Infinity at Your Service | May 2023 | $112K | 5,400 sf | $21 | 391 m |
| 1316 NW 2 St Bought for a new home · Deangelo Development | Apr 2022 | $48K | 6,000 sf | $8 | 417 m |
| 612 NW 15 Ter Bought for a new home | May 2022 | $45K | 4,500 sf | $10 | 425 m |
| 1312 NW 2 St Vacant lot sale | Sep 2025 | $240K | 6,000 sf | $40 | 428 m |
| 1219 NW 2 St Bought for a new home · Deangelo Development | Apr 2022 | $48K | 6,000 sf | $8 | 438 m |