Vacant lot
4318 NE 23 Ave
Drag to compare the lot in 2016 with January 2026. The pink line is the surveyed parcel boundary.
What it’s worth as land
From recorded sales$580–847KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 5,133 sq ft.
Land price per sq ft, sized to this lot
$0$132$264
Sized to this lot, nearby land sales point to about $125 per sq ft.
Does it pencil?
Build-and-sell pro formaSupports a land price up to$451Kto build and sell a 2,750 sq ft home here at a 15% margin.
TightAt $642K for the land:Profit $80K · 4.1%Needs $815/sq ft to hit 15% · assumed $716
Land $642KBuild $894KSoft costs $89KCarry $146KSelling $118KProfit $80KSale $1.97M
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-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
- No
- Lot size
- 5,133 sf 0.12 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 |
|---|---|---|---|---|---|
| 4312 NE 23 Ave Bought for a new home · Master Contractors | May 2023 | $2.4M | 20,174 sf | $119 | 22 m |
| 4345 NE 22 Ave Bought for a new home · Dane Meyer Custom Builders | Mar 2025 | $1.15M | 12,041 sf | $96 | 180 m |
| 4601 NE 23 Ave Bought for a new home · Build Pro Construction | Mar 2022 | $1M | 11,618 sf | $86 | 261 m |
| 4516 NE 22 Rd Bought for a new home · Tortuga Shell Contractor | Nov 2023 | $975K | 10,000 sf | $98 | 316 m |
| 4700 NE 23 Ave Bought for a new home · Charland Rurey Construction | Feb 2025 | $2.19M | 21,000 sf | $105 | 360 m |
| 3965 Country Club Ln Bought for a new home · Waterbrook Builders | May 2023 | $3M | 19,574 sf | $153 | 424 m |
| 2590 NE 41 Ct Vacant lot sale | Jul 2025 | $740K | 10,144 sf | $73 | 483 m |
| 4720 NE 27 Ave Bought for a new home · La Rocca Construction | Sep 2024 | $750K | 8,388 sf | $89 | 700 m |