Vacant lot

46 SW 8th Ave

Delray Beach6,003 sq ft lot (0.14 acres)Zoned RM
46 SW 8th Ave in 202646 SW 8th 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
$138–222KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 6,003 sq ft.
Land price per sq ft, sized to this lot
$0$30$59

Sized to this lot, nearby land sales point to about $27 per sq ft. This parcel last sold for $135K in Sep 2016 ($22 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$121Kto build and sell a 2,050 sq ft home here at a 15% margin.
TightAt $162K for the land:Profit $84K · 9.8%Needs $448/sq ft to hit 15% · assumed $420
Land $162KBuild $472KSoft costs $47KCarry $45KSelling $52KProfit $84KSale $861K
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
RM Multiple Family Residential (Medium Density)
Flood zone
X
Lowest floor
—
Waterfront
No
Lot size
6,003 sf 0.14 acres
Ownership
Private owner

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
117 SW 10th Ave
Vacant lot sale
Jun 2026$295K6,782 sf$43189 m
147 SW 9th Ave
Vacant lot sale
Nov 2022$180K7,719 sf$23228 m
515 SW 2nd St
Vacant lot sale
Aug 2026$70K6,734 sf$10343 m
211 SW 7th Ave
Bought for a new home · J & M Contractors of South Florida
Feb 2022$125K6,652 sf$19345 m
214 SW 10th Ave
Bought for a new home · J&V Residential Services
Mar 2023$175K6,904 sf$25368 m
205 SW 11th Ave
Bought for a new home · Pulte Home
Nov 2025$240K6,800 sf$35380 m
218 SW 5th Ave
Bought for a new home · J&V Residential Services
May 2025$282K6,726 sf$42438 m
55 NW 11th Ave
Vacant lot sale
Dec 2021$151K6,861 sf$22442 m