Vacant lot

543 Coral Way

Delray ShoresDelray Beach10,690 sq ft lot (0.25 acres)Zoned R-1-AB
Aerial of 543 Coral Way, 20262026 · Palm Beach County · Palm Beach Co.

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

What it’s worth as land

From recorded sales
$321K–1.2MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 10,690 sq ft.
Land price per sq ft, sized to this lot
$0$90$179

Sized to this lot, nearby land sales point to about $49 per sq ft. This parcel last sold for $65K in Jun 2020 ($6 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Left over for the landNo fair defaultOur build costs are tested on new homes selling for $400 or more a sq ft, and here they sell for about $267. Enter the build cost per sq ft you expect below to see what the land supports.
Land $524KBuild $575KSoft costs $58KCarry $89KSelling $40KLoss $618KSale $668K
Delray 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
R-1-AB Single Family Residential
Flood zone
X
Lowest floor
—
Waterfront
No
Lot size
10,690 sf 0.25 acres
Ownership
Private owner

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
AddressSoldPriceLot$/sq ftAway
675 Coral Way
Bought for a new home · JCT Builders
May 2022$186K9,866 sf$19210 m
55 NW 11th Ave
Vacant lot sale
Dec 2021$151K6,861 sf$221.9 km
106 NW 10th Ave
Vacant lot sale
Jun 2023$380K17,311 sf$221.9 km
614 NW 8th Ave
Bought for a new home · S A W Development
Sep 2024$1.57M13,599 sf$1162.0 km
259 NW 9th Ave
Vacant lot sale
Dec 2022$230K5,441 sf$422.0 km
719 Sunshine Dr
Bought for a new home · Mitchells Contracting
Apr 2023$1.15M10,045 sf$1142.0 km
339 NW 8th Ave
Vacant lot sale
Sep 2026$220K6,233 sf$352.0 km
757 NW 7th St
Bought for a new home · Acassa Construction
Jan 2023$1.57M14,719 sf$1072.1 km