Vacant lot

45 NW 12th Ave

Atlantic PinesDelray Beach10,942 sq ft lot (0.25 acres)Zoned R-1-A
Aerial of 45 NW 12th Ave, 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
$230–372KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 10,942 sq ft.
Land price per sq ft, sized to this lot
$0$27$54

Sized to this lot, nearby land sales point to about $30 per sq ft. This parcel last sold for $50K in Jan 2017 ($5 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$46Kto build and sell a 1,850 sq ft home here at a 15% margin.
Doesn’t pencilAt $328K for the land:Loss $209K · −30.4%Needs $586/sq ft to hit 15% · assumed $372
Land $328KBuild $426KSoft costs $43KCarry $60KSelling $41KLoss $209KSale $688K
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-A Single Family Residential
Flood zone
X
Lowest floor
—
Waterfront
No
Lot size
10,942 sf 0.25 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
55 NW 11th Ave
Vacant lot sale
Dec 2021$151K6,861 sf$22105 m
106 NW 10th Ave
Vacant lot sale
Jun 2023$380K17,311 sf$22166 m
117 SW 10th Ave
Vacant lot sale
Jun 2026$295K6,782 sf$43495 m
259 NW 9th Ave
Vacant lot sale
Dec 2022$230K5,441 sf$42539 m
205 SW 11th Ave
Bought for a new home · Pulte Home
Nov 2025$240K6,800 sf$35604 m
147 SW 9th Ave
Vacant lot sale
Nov 2022$180K7,719 sf$23624 m
521 NW 2nd St
Bought for a new home · Pulte Home
Jan 2023$162K7,532 sf$22647 m
214 SW 10th Ave
Bought for a new home · J&V Residential Services
Mar 2023$175K6,904 sf$25651 m