Vacant lotWaterfront

537 Coconut Isle

Las Olas IslesFort Lauderdale45,201 sq ft lot (1.04 acres)Zoned RS-8
Aerial of 537 Coconut Isle, 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
$8.54–12.1MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 45,201 sq ft.
Land price per sq ft, sized to this lot
$0$214$427

Sized to this lot, nearby waterfront land sales point to about $233 per sq ft. This parcel last sold for $4.3M in Jun 2000.

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$2.39Mto build and sell a 7,900 sq ft home here at a 15% margin.
Doesn’t pencilAt $10.5M for the land:Loss $8.42M · −113.5%Needs $2,466/sq ft to hit 15% · assumed $939
Land $10.5MBuild $2.57MSoft costs $257KCarry $2.03MSelling $445KLoss $8.42MSale $7.42M
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 7–8 ft
Lowest floor
9 ft+ BFE + 1 ft minimum under the Florida Building Code; confirm with the city
Waterfront
Yes dock, seawall and setback rules apply
Lot size
45,201 sf 1.04 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

Waterfront · last 5 years
AddressSoldPriceLot$/sq ftAway
515 Lido Dr
Bought for a new home · Jewel Construction
May 2025$4.4M11,550 sf$381148 m
455 Bontona Ave
Bought for a new home · AREIC Construction
May 2022$3.5M12,650 sf$277180 m
541 San Marco Dr
Bought for a new home · Jae Development Group
Apr 2022$3.88M15,400 sf$252222 m
1817 SE 7 St
Bought for a new home · JL Lavallee Construction
May 2022$7.4M14,161 sf$523243 m
525 Isle Of Capri
Bought for a new home · Celenski Piazza
Sep 2024$10.5M14,070 sf$746243 m
515 Isle Of Capri
Vacant lot sale
Jan 2024$3.2M8,250 sf$388252 m
416 Coconut Isle Dr
Bought for a new home · 2C Design
Aug 2024$2.8M9,375 sf$299282 m
500 Coral Way
Bought for a new home · REI Construction
Mar 2024$3.4M10,500 sf$324400 m