Vacant lot

716 N Lake Ave

La Hacienda DelrayDelray Beach7,810 sq ft lot (0.18 acres)Zoned GC
716 N Lake Ave in 2026716 N Lake Ave in 20172017 · Palm Beach County · Palm Beach Co.2026 · Palm Beach County · Palm Beach Co.

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
$547–828KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 7,810 sq ft.
Land price per sq ft, sized to this lot
$0$85$170

Sized to this lot, nearby land sales point to about $98 per sq ft. This parcel last sold for $120K in Aug 2014 ($15 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$491Kto build and sell a 3,700 sq ft home here at a 15% margin.
TightAt $765K for the land:Profit $121K · 4.3%Needs $869/sq ft to hit 15% · assumed $765
Land $765KBuild $1.46MSoft costs $146KCarry $166KSelling $170KProfit $121KSale $2.83M
Delray Beach calibration

Calibrated on 83 Delray Beach deals. With these build costs the calculator's land budget is a median 98% of what the builders actually paid for the lot, and within 25% of it on 47 of the 83 (the old defaults came to 85%).

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
GC General Commercial
Flood zone
X
Lowest floor
—
Waterfront
No
Lot size
7,810 sf 0.18 acres
Ownership
Company often a builder or investor

Setbacks, height and lot coverage depend on the zoning district; see Delray Beach’s Land Development Regulations (Chapter 4, Zoning). Confirm with a surveyor and the city before you buy.

Nearby land sales

Off the water · last 5 years
AddressSoldPriceLot$/sq ftAway
718 N Lake Ave
Bought for a new home · SDGC
Nov 2022$750K7,810 sf$9615 m
707 N Lake Ave
Bought for a new home · Avante Construction & Renovation
Jan 2024$750K7,105 sf$10660 m
709 N Lake Ave
Bought for a new home · Edgewater GC
Apr 2022$484K7,597 sf$6460 m
717 S Lake Ave
Bought for a new home · Tropical Custom Builders
Feb 2022$550K7,810 sf$7062 m
721 N Lake Ave
Bought for a new home · SDGC
Oct 2022$750K7,584 sf$9972 m
723 N Lake Ave
Bought for a new home · SDGC
May 2023$1.25M11,365 sf$11088 m
730 N Lake Ave
Bought for a new home · Edgewater GC
Mar 2023$825K7,810 sf$10694 m
817 N Lake Ave
Bought for a new home · SDGC
Feb 2025$1.6M11,352 sf$14196 m