Townhome · Permitted

427 NE 2 Ave

Flagler VillageFort Lauderdale3,188 sq ft lot (0.07 acres)Zoned RAC-UV
A townhome in a project Groundbreak tracks415–427 NE 2 Ave · this unit: permittedEvery unit’s stage from the city’s records, what they sold for, and who’s building it.See the project →
Aerial of 427 NE 2 Ave, January 20262026 · Broward County · Broward Co.

Aerial from January 2026, the newest available. The pink line is the surveyed parcel boundary.

What it’s worth as land

From recorded sales
$424–507KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 3,188 sq ft.
Land price per sq ft, sized to this lot
$0$127$254

Sized to this lot, nearby land sales point to about $150 per sq ft.

The county assesses the land at $558K and the house at $0: the land is 100% of the assessed value.

Not a teardown

Build-and-sell pro forma

This lot is a townhome in 415–427 NE 2 Ave, so there’s no teardown math to run. See the project’s record.

The rules

City GIS and parcel roll
Zoning
RAC-UV Urban Village Districts
Flood zone
AE base flood elevation 6 ft
Lowest floor
7 ft+ BFE + 1 ft minimum under the Florida Building Code; confirm with the city
Waterfront
No
Lot size
3,188 sf 0.07 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
624 NW 4 Ave
Vacant lot sale
Apr 2023$1.04M6,750 sf$154677 m
536 NE 8 Ave
Bought for a new home · SDG Services
Jan 2022$760K6,750 sf$113728 m
435 NE 9 Ave
Bought for a new home · REI Construction
Jun 2026$1.05M8,100 sf$130731 m
508 NE 9 Ave
Bought for a new home · Khater Construction Consultants
Feb 2024$950K8,100 sf$117799 m
516 NE 9 Ave
Bought for a new home · ACD Inst Corp
Oct 2023$975K8,100 sf$120802 m
811 NW 1 Ave
Vacant lot sale
Mar 2024$728K13,500 sf$54815 m
622 NE 8 Ave #A-B
Bought for a new home · Tudor Builders
Feb 2025$880K6,750 sf$130827 m
425 NE 10 Ave
Bought for a new home · SDG Services
Sep 2023$815K8,100 sf$101831 m