Vacant lotWaterfront

515 Isle Of Capri

Las Olas IslesFort Lauderdale8,250 sq ft lot (0.19 acres)Zoned RS-8
515 Isle Of Capri in January 2026515 Isle Of Capri 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
$2.6–3.67MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 8,250 sq ft.
Land price per sq ft, sized to this lot
$0$356$712

Sized to this lot, nearby waterfront land sales point to about $418 per sq ft. This parcel last sold for $3.2M in Jan 2024 ($388 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$2.04Mto build and sell a 6,750 sq ft home here at a 15% margin.
Doesn’t pencilAt $3.2M for the land:Loss $406K · −6.4%Needs $1,193/sq ft to hit 15% · assumed $939
Land $3.2MBuild $2.19MSoft costs $219KCarry $751KSelling $380KLoss $406KSale $6.34M
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
RS-8 Residential Single Family/Low Medium Density
Flood zone
AE base flood elevation 7 ft
Lowest floor
8 ft+ BFE + 1 ft minimum under the Florida Building Code; confirm with the city
Waterfront
Yes dock, seawall and setback rules apply
Lot size
8,250 sf 0.19 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

Waterfront · last 5 years
AddressSoldPriceLot$/sq ftAway
525 Isle Of Capri
Bought for a new home · Celenski Piazza
Sep 2024$10.5M14,070 sf$74629 m
455 Bontona Ave
Bought for a new home · AREIC Construction
May 2022$3.5M12,650 sf$277137 m
423 Mola Ave
Bought for a new home · Uback Construction
Jun 2026$2M7,548 sf$265208 m
1619 SE 7 St
Bought for a new home · Caprio Custom Construction
Apr 2023$8.5M16,164 sf$526220 m
1601 SE 7 St
Bought for a new home · Sarkela
Dec 2021$15.6M28,487 sf$546235 m
1632 SE 7 St
Bought for a new home · Caprio Custom Construction
Nov 2024$5.25M13,750 sf$382265 m
1616 SE 7 St
Bought for a new home · Kass Construction & Development
Jun 2022$4.8M17,500 sf$274269 m
1700 Brickell Dr
Bought for a new home · Jeff Hendricks Developers
Apr 2025$6.5M20,391 sf$319270 m