Vacant lot

450 NE 16 Ave

Victoria ParkFort Lauderdale9,241 sq ft lot (0.21 acres)Zoned RC-15
450 NE 16 Ave in January 2026450 NE 16 Ave in 20162016 · City of Fort Lauderdale · Fort Lauderdale2026 · Broward County · Broward Co.

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
$933K–1.16MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 9,241 sq ft.
Land price per sq ft, sized to this lot
$0$101$202

Sized to this lot, nearby land sales point to about $117 per sq ft. This parcel last sold for $600K in Jul 2020 ($65 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$883Kto build and sell a 5,000 sq ft home here at a 15% margin.
TightAt $1.08M for the land:Profit $232K · 7.6%Needs $665/sq ft to hit 15% · assumed $608
Land $1.08MBuild $1.2MSoft costs $120KCarry $224KSelling $182KProfit $232KSale $3.04M
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
RC-15 Residential Single Family and Cluster/Medium Density
Flood zone
X
Lowest floor
—
Waterfront
No
Lot size
9,241 sf 0.21 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

Off the water · last 5 years
AddressSoldPriceLot$/sq ftAway
1508 NE 5 St
Bought for a new home
Nov 2024$1.05M9,375 sf$11268 m
1625 NE 4 Pl
Bought for a new home · Drore Developments
Jan 2026$1.03M6,250 sf$16595 m
431 NE 15 Ave
Bought for a new home · Michael Salus Construction
Mar 2026$925K6,116 sf$151134 m
1609 NE 5 Ct
Bought for a new home · Lerman Construction
Mar 2026$885K6,250 sf$142147 m
1504 NE 6 St
Bought for a new home · SDG Services
Mar 2022$715K6,334 sf$113200 m
428 NE 17 Ave
Bought for a new home · Axis Design & Construction
Apr 2024$750K5,826 sf$129218 m
412 NE 14 Ave #1-4
Bought for a new home · REI Construction
May 2026$900K6,335 sf$142242 m
1629 NE 6 St
Bought for a new home · SCD Developments
Feb 2025$815K6,050 sf$135262 m