Vacant lotWaterfront

607 3 Key Dr

Sunrise KeyFort Lauderdale26,240 sq ft lot (0.60 acres)Zoned RS-4.4
Aerial of 607 3 Key Dr, 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
$6.06–7.61MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 26,240 sq ft.
Land price per sq ft, sized to this lot
$0$232$464

Sized to this lot, nearby waterfront land sales point to about $264 per sq ft. This parcel last sold for $3.38M in Nov 2024 ($129 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$2.59Mto build and sell a 10,550 sq ft home here at a 15% margin.
TightAt $3.38M for the land:Profit $1.04M · 8.0%Needs $1,343/sq ft to hit 15% · assumed $1,233
Land $3.38MBuild $6.07MSoft costs $607KCarry $1.14MSelling $780KProfit $1.04MSale $13M
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-4.4 Residential of Single Family/Low Density
Flood zone
AE base flood elevation 7 ft
Lowest floor
8 ft+ BFE + 1 ft minimum under the Florida Building Code; confirm with the city
Waterfront
Yes dock, seawall and setback rules apply
Lot size
26,240 sf 0.60 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
223 Royal Palm Dr
Bought for a new home · CKA Construction Group of Florida
Jan 2025$10.7M19,816 sf$539204 m
633 5 Key Dr
Vacant lot sale
Jan 2026$11.7M21,873 sf$535253 m
725 Middle River Dr
Bought for a new home · Storelli Construction
Mar 2023$5.5M16,524 sf$333314 m
555 Middle River Dr
Bought for a new home · Prestige Homes Development
Jun 2022$5.03M16,124 sf$312444 m
513 Middle River Dr
Bought for a new home · Prestige Homes Development
Jun 2024$5.5M16,539 sf$333459 m
536 Intracoastal Dr
Vacant lot sale
Feb 2023$4.6M16,502 sf$279605 m
608 Intracoastal Dr
Bought for a new home · Gulf Building
Aug 2024$5M16,500 sf$303606 m
122 Fiesta Way
Bought for a new home · Naim Development
Jan 2024$3.5M10,200 sf$343611 m