531 NW 7 Ter
Aerial from January 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 $50 per sq ft. This parcel last sold for $12K in Nov 1987.
Does it pencil?
Build-and-sell pro formaFort 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
- RMM-25 Residential Multifamily Mid Rise/ Medium High Density
- 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
- 6,750 sf 0.15 acres
- Ownership
- Private owner
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| Address | Sold | Price | Lot | $/sq ft | Away |
|---|---|---|---|---|---|
| 528 NW 8 Ave Vacant lot sale | Aug 2023 | $250K | 6,750 sf | $37 | 42 m |
| 519 NW 7 Ter Vacant lot sale | Jul 2023 | $340K | 6,750 sf | $50 | 52 m |
| 530 NW 9 Ave Vacant lot sale | Jan 2024 | $325K | 6,375 sf | $51 | 137 m |
| 534 NW 9 Ave Vacant lot sale | Dec 2023 | $375K | 6,375 sf | $59 | 137 m |
| 510 NW 9 Ave Vacant lot sale | Aug 2023 | $350K | 6,375 sf | $55 | 155 m |
| 506 NW 9 Ave Vacant lot sale | Aug 2023 | $275K | 6,375 sf | $43 | 164 m |
| 500 NW 9 Ave Vacant lot sale | Aug 2024 | $1.52M | 9,563 sf | $159 | 175 m |
| 631 NW 9 Ave Vacant lot sale | Feb 2023 | $240K | 6,750 sf | $36 | 288 m |