Vacant lot
7901 NE Spanish Trail Ct
Banana PatchBoca Raton28,558 sq ft lot (0.66 acres)
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$2.31–4.97MMiddle half of land sales across Boca Raton (320 sales), applied to this lot’s 28,558 sq ft.
Land price per sq ft, sized to this lot
$0$139$278
Sized to this lot, nearby land sales point to about $124 per sq ft.
Does it pencil?
Build-and-sell pro formaSupports a land price up to$216Kto build and sell a 3,400 sq ft home here at a 15% margin.
Doesn’t pencilAt $3.54M for the land:Loss $3.44M · −172.6%Needs $1,978/sq ft to hit 15% · assumed $586
Land $3.54MBuild $1.14MSoft costs $114KCarry $518KSelling $120KLoss $3.44MSale $1.99M
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 7–8 ft
- Lowest floor
- 9 ft+ BFE + 1 ft minimum under the Florida Building Code; confirm with the city
- Waterfront
- No
- Lot size
- 28,558 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 |
|---|---|---|---|---|---|
| 7537 W Country Club Blvd Bought for a new home · Gold Coast Homes | Sep 2023 | $400K | 7,501 sf | $53 | 1.8 km |
| 696 Hastings St Bought for a new home · Unique Remodeling Concepts | Apr 2024 | $850K | 10,502 sf | $81 | 1.9 km |
| 680 Hastings St Bought for a new home · Unique Remodeling Concepts | Apr 2024 | $850K | 10,502 sf | $81 | 1.9 km |