Drag to compare the lot in 2017 with 2026. The pink line is the surveyed parcel boundary.
What it’s worth as land
From recorded sales$2.17–2.5MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 11,665 sq ft.
Land price per sq ft, sized to this lot
$0$171$342
Sized to this lot, nearby waterfront land sales point to about $202 per sq ft.
Does it pencil?
Build-and-sell pro formaSupports a land price up to$1.27Mto build and sell a 6,100 sq ft home here at a 15% margin.
Doesn’t pencilAt $2.36M for the land:Loss $163K · −2.3%Needs $1,412/sq ft to hit 15% · assumed $1,158
Land $2.36MBuild $3.54MSoft costs $354KCarry $555KSelling $424KLoss $163KSale $7.06M
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
- —
- 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
- 11,665 sf 0.27 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
Waterfront · last 5 years| Address | Sold | Price | Lot | $/sq ft | Away |
|---|---|---|---|---|---|
| 748 NE Bay Isle Dr Bought for a new home · Core 4 Homes | Jan 2025 | $2.85M | 9,840 sf | $290 | 57 m |
| 745 NE Bay Isle Dr Bought for a new home · AK Building & Design | Nov 2025 | $2.73M | 14,479 sf | $188 | 68 m |
| 700 NE Orchid Bay Dr Bought for a new home · Gulfstream Custom Builders | Feb 2023 | $2.37M | 19,262 sf | $123 | 106 m |
| 808 NE Bay Cove St Vacant lot sale | Oct 2026 | $1.8M | 8,925 sf | $202 | 246 m |
| 830 NE Bay Cove St Bought for a new home · Defined Construction | Aug 2023 | $2.05M | 8,398 sf | $244 | 296 m |
| 845 NE Bay Isle Dr Vacant lot sale | Oct 2023 | $2.85M | 14,231 sf | $200 | 301 m |
| 748 NE 72nd St Bought for a new home · Mahn Construction | Dec 2021 | $1.57M | 8,250 sf | $190 | 303 m |
| 7398 NE Bay Cove Ct Bought for a new home · A & N Housing Group | Oct 2024 | $3.2M | 12,672 sf | $253 | 348 m |