Vacant lot

555 NW 2nd Ave

Spanish VillageBoca Raton9,601 sq ft lot (0.22 acres)Zoned R1D
Aerial of 555 NW 2nd Ave, 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
$701–864KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 9,601 sq ft.
Land price per sq ft, sized to this lot
$0$72$144

Sized to this lot, nearby land sales point to about $85 per sq ft. This parcel last sold for $25K in Apr 1992.

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$539Kto build and sell a 3,950 sq ft home here at a 15% margin.
TightAt $816K for the land:Profit $312K · 7.5%Needs $1,152/sq ft to hit 15% · assumed $1,052
Land $816KBuild $2.29MSoft costs $229KCarry $258KSelling $249KProfit $312KSale $4.16M
Boca Raton calibration

Calibrated on 96 Boca Raton deals. With these build costs the calculator's land budget is a median 97% of what the builders actually paid for the lot, and within 25% of it on 39 of the 96 (the old defaults came to 94%).

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
R1D Single-Family Residential
Flood zone
X
Lowest floor
—
Waterfront
No
Lot size
9,601 sf 0.22 acres
Ownership
Company often a builder or investor

Setbacks, height and lot coverage depend on the zoning district; see Boca Raton’s zoning code (Chapter 28). Confirm with a surveyor and the city before you buy.

Nearby land sales

Off the water · last 5 years
AddressSoldPriceLot$/sq ftAway
218 NW 8th St
Bought for a new home · Avante Construction & Renovation
Dec 2025$950K7,784 sf$122201 m
137 NW 7th St
Bought for a new home
Feb 2026$790K7,789 sf$101221 m
277 NW 7th St
Bought for a new home · M I Bobcat
Oct 2025$725K7,784 sf$93233 m
250 NW 8th St
Bought for a new home · Avante Construction & Renovation
Dec 2025$850K9,344 sf$91233 m
270 NW 8th St
Bought for a new home · M I Bobcat
Mar 2025$685K7,784 sf$88267 m
165 NW 8th St
Bought for a new home · Ludlow Traditions
Oct 2025$915K11,252 sf$81273 m
261 NW 8th St
Bought for a new home · M I Bobcat
Mar 2024$840K11,256 sf$75288 m
210 NW 9th St
Bought for a new home · Avante Construction & Renovation
Jul 2023$785K11,256 sf$70303 m