Vacant lot

414 SE 7th Ave

Osceola ParkDelray Beach10,215 sq ft lot (0.23 acres)Zoned R-1-AA
414 SE 7th Ave in 2026414 SE 7th 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
$930K–1.04MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 10,215 sq ft.
Land price per sq ft, sized to this lot
$0$82$163

Sized to this lot, nearby land sales point to about $97 per sq ft. This parcel last sold for $640K in Sep 2020 ($63 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$743Kto build and sell a 3,500 sq ft home here at a 15% margin.
TightAt $991K for the land:Profit $263K · 7.4%Needs $1,122/sq ft to hit 15% · assumed $1,023
Land $991KBuild $1.73MSoft costs $173KCarry $206KSelling $215KProfit $263KSale $3.58M
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-AA Single Family Residential
Flood zone
AE base flood elevation 8 ft
Lowest floor
9 ft+ BFE + 1 ft minimum under the Florida Building Code; confirm with the city
Waterfront
No
Lot size
10,215 sf 0.23 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
519 SE 4th Ave
Bought for a new home · Gulfstream Custom Builders
Dec 2023$725K6,682 sf$109274 m
521 SE 4th Ave
Bought for a new home · Gulfstream Custom Builders
Dec 2023$725K6,538 sf$111278 m
317 SE 4th Ave
Bought for a new home · Southshore Builders
Feb 2024$760K6,874 sf$111318 m
318 SE 5th St
Bought for a new home · Stuart & Shelby Development
Mar 2023$360K5,998 sf$60319 m
309 SE 6th St
Bought for a new home · Marc Julien Homes
Dec 2024$728K6,107 sf$119356 m
245 SE 4th Ave
Bought for a new home · Sandbar Builders
Feb 2022$755K7,553 sf$100388 m
222 SE 5th St
Bought for a new home · Marc Julien Homes
Sep 2024$685K6,412 sf$107422 m
322 SE 3rd Ave
Bought for a new home · Atlantic Disaster Recovery
Oct 2025$650K9,940 sf$65439 m