Vacant lotWaterfront

701 Royal Plaza Dr

Las Olas IslesFort Lauderdale12,000 sq ft lot (0.28 acres)Zoned RS-4.4
701 Royal Plaza Dr in January 2026701 Royal Plaza Dr in 20162016 · City of Fort Lauderdale · Fort Lauderdale2026 · Broward County · Broward Co.

Drag to compare the lot in 2016 with January 2026. The pink line is the surveyed parcel boundary.

What it’s worth as land

From recorded sales
$3.25–4.8MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 12,000 sq ft.
Land price per sq ft, sized to this lot
$0$320$640

Sized to this lot, nearby waterfront land sales point to about $333 per sq ft. This parcel last sold for $4.7M in Mar 2025 ($392 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$1.39Mto build and sell a 8,600 sq ft home here at a 15% margin.
Doesn’t pencilAt $4.7M for the land:Loss $2.45M · −25.7%Needs $1,678/sq ft to hit 15% · assumed $1,108
Land $4.7MBuild $4.95MSoft costs $495KCarry $1.26MSelling $572KLoss $2.45MSale $9.53M
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
12,000 sf 0.28 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
700 Royal Plaza Dr
Bought for a new home
Nov 2024$4M12,000 sf$33357 m
708 Royal Plaza Dr
Vacant lot sale
May 2023$24.8M40,162 sf$618108 m
630 Isle Of Palms Dr
Bought for a new home · PCSM
Feb 2022$3.5M12,999 sf$269183 m
641 Flamingo Dr
Bought for a new home · CBJ Construction
Dec 2021$2.45M8,334 sf$294233 m
705 Flamingo Dr
Bought for a new home · HC Gale
May 2023$2.9M7,500 sf$387234 m
700 Flamingo Dr
Bought for a new home · Leonard Albanese & Sons Builders
Jun 2023$2.25M10,000 sf$225273 m
541 San Marco Dr
Bought for a new home · Jae Development Group
Apr 2022$3.88M15,400 sf$252294 m
500 Coral Way
Bought for a new home · REI Construction
Mar 2024$3.4M10,500 sf$324308 m