Vacant lotWaterfront

708 Royal Plaza Dr

Las Olas IslesFort Lauderdale40,162 sq ft lot (0.92 acres)Zoned RS-4.4
Aerial of 708 Royal Plaza 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
$7.71–11MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 40,162 sq ft.
Land price per sq ft, sized to this lot
$0$371$742

Sized to this lot, nearby waterfront land sales point to about $232 per sq ft. This parcel last sold for $24.8M in May 2023 ($618 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$1.28Mto build and sell a 7,900 sq ft home here at a 15% margin.
Doesn’t pencilAt $9.32M for the land:Loss $8.1M · −92.5%Needs $2,616/sq ft to hit 15% · assumed $1,108
Land $9.32MBuild $4.54MSoft costs $454KCarry $2.01MSelling $525KLoss $8.1MSale $8.75M
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 7–8 ft
Lowest floor
9 ft+ BFE + 1 ft minimum under the Florida Building Code; confirm with the city
Waterfront
Yes dock, seawall and setback rules apply
Lot size
40,162 sf 0.92 acres
Ownership
Company often a builder or investor

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$33373 m
701 Royal Plaza Dr
Vacant lot sale
Mar 2025$4.7M12,000 sf$392108 m
705 Flamingo Dr
Bought for a new home · HC Gale
May 2023$2.9M7,500 sf$387210 m
811 Flamingo Dr
Bought for a new home · Kass Construction & Development
Jun 2023$5.1M13,073 sf$390224 m
630 Isle Of Palms Dr
Bought for a new home · PCSM
Feb 2022$3.5M12,999 sf$269232 m
641 Flamingo Dr
Bought for a new home · CBJ Construction
Dec 2021$2.45M8,334 sf$294241 m
851 Flamingo Dr
Bought for a new home · Grey Door Construction
Mar 2022$8.5M11,253 sf$755246 m
700 Flamingo Dr
Bought for a new home · Leonard Albanese & Sons Builders
Jun 2023$2.25M10,000 sf$225253 m