515 SW 2nd St
Aerial from 2026, the newest available. The pink line is the surveyed parcel boundary.
What it’s worth as land
From recorded salesSized to this lot, nearby land sales point to about $38 per sq ft. This parcel last sold for $70K in Aug 2026 ($10 per sq ft, the pink dot).
Does it pencil?
Build-and-sell pro formaDelray 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
- 6,734 sf 0.15 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| Address | Sold | Price | Lot | $/sq ft | Away |
|---|---|---|---|---|---|
| 218 SW 5th Ave Bought for a new home · J&V Residential Services | May 2025 | $282K | 6,726 sf | $42 | 109 m |
| 211 SW 7th Ave Bought for a new home · J & M Contractors of South Florida | Feb 2022 | $125K | 6,652 sf | $19 | 142 m |
| 229 SW 6th Ave Vacant lot sale | May 2023 | $300K | 6,817 sf | $44 | 151 m |
| 222 SW 4th Ave Vacant lot sale | Aug 2026 | $70K | 6,752 sf | $10 | 178 m |
| 601 SW 3rd St Bought for a new home · J&V Residential Services | Mar 2023 | $120K | 6,020 sf | $20 | 208 m |
| 120 SW 3rd Ave Vacant lot sale | Nov 2023 | $175K | 6,795 sf | $26 | 257 m |
| 300 SW 5th Ave Vacant lot sale | Mar 2023 | $705K | 25,927 sf | $27 | 272 m |
| 322 SW 5th Ave Vacant lot sale | Dec 2021 | $180K | 6,804 sf | $26 | 327 m |