Vacant lot

504 NW 8th Ave

Lake Ida ShoresDelray Beach16,840 sq ft lot (0.39 acres)Zoned R-1-AAA
Aerial of 504 NW 8th 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
$724K–1.65MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 16,840 sq ft.
Land price per sq ft, sized to this lot
$0$78$157

Sized to this lot, nearby land sales point to about $95 per sq ft. This parcel last sold for $590K in Nov 1989.

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$831Kto build and sell a 3,850 sq ft home here at a 15% margin.
Doesn’t pencilAt $1.6M for the land:Loss $256K · −6.5%Needs $1,307/sq ft to hit 15% · assumed $1,028
Land $1.6MBuild $1.91MSoft costs $191KCarry $280KSelling $237KLoss $256KSale $3.96M
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-AAA Single Family Residential
Flood zone
AE base flood elevation 9 ft
Lowest floor
10 ft+ BFE + 1 ft minimum under the Florida Building Code; confirm with the city
Waterfront
No
Lot size
16,840 sf 0.39 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
719 Sunshine Dr
Bought for a new home · Mitchells Contracting
Apr 2023$1.15M10,045 sf$11477 m
629 Eldorado Ln
Bought for a new home · Seaside Builders
Jul 2026$866K22,002 sf$39195 m
614 NW 8th Ave
Bought for a new home · S A W Development
Sep 2024$1.57M13,599 sf$116218 m
700 NW 7th St
Bought for a new home · RTG Construction
May 2023$1.57M16,365 sf$96252 m
757 NW 7th St
Bought for a new home · Acassa Construction
Jan 2023$1.57M14,719 sf$107291 m
602 NW 7th St
Bought for a new home · RTG Construction
Oct 2022$1.57M14,884 sf$106297 m
339 NW 8th Ave
Vacant lot sale
Sep 2026$220K6,233 sf$35303 m
350 NW 6th Ave
Vacant lot sale
May 2025$265K6,425 sf$41326 m