Aerial from 2026, the newest available. The pink line is the surveyed parcel boundary.
What it’s worth as land
From recorded sales$1.62–1.87MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 28,841 sq ft.
Land price per sq ft, sized to this lot
$0$52$104
Sized to this lot, nearby land sales point to about $63 per sq ft.
Does it pencil?
Build-and-sell pro formaSupports a land price up to$758Kto build and sell a 5,650 sq ft home here at a 15% margin.
Doesn’t pencilAt $1.82M for the land:Loss $552K · −13.0%Needs $1,020/sq ft to hit 15% · assumed $753
Land $1.82MBuild $2.15MSoft costs $215KCarry $373KSelling $255KLoss $552KSale $4.25M
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
- R4 Multifamily Residential
- Flood zone
- X
- Lowest floor
- —
- Waterfront
- No
- Lot size
- 28,841 sf 0.66 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
Off the water · last 5 years| Address | Sold | Price | Lot | $/sq ft | Away |
|---|---|---|---|---|---|
| 270 NW 8th St Bought for a new home · M I Bobcat | Mar 2025 | $685K | 7,784 sf | $88 | 209 m |
| 277 NW 7th St Bought for a new home · M I Bobcat | Oct 2025 | $725K | 7,784 sf | $93 | 225 m |
| 261 NW 8th St Bought for a new home · M I Bobcat | Mar 2024 | $840K | 11,256 sf | $75 | 248 m |
| 250 NW 8th St Bought for a new home · Avante Construction & Renovation | Dec 2025 | $850K | 9,344 sf | $91 | 261 m |
| 261 NW 9th St Bought for a new home · M I Bobcat | Dec 2023 | $787K | 11,256 sf | $70 | 281 m |
| 1000 NW 3rd Ave Bought for a new home · M I Bobcat | Jan 2025 | $950K | 11,186 sf | $85 | 313 m |
| 220 NW 9th St Bought for a new home · Avante Construction & Renovation | Sep 2025 | $1.05M | 11,256 sf | $93 | 335 m |
| 1085 NW 3rd Ave Bought for a new home · Atrium Constructions | Jun 2025 | $855K | 8,381 sf | $102 | 340 m |