Vacant lot

799 Lake Dr

Boca Ratone Por La MarBoca Raton7,200 sq ft lot (0.17 acres)Zoned R1C

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Aerial from 2026, the newest available. The pink line is the surveyed parcel boundary.

What it’s worth as land

From recorded sales

$1.32–1.56MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 7,200 sq ft.

Land price per sq ft, sized to this lot

$0$174$347

Sized to this lot, nearby land sales point to about $202 per sq ft. This parcel last sold for $673K in Apr 2014 ($93 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma

Supports a land price up to$1.16Mto build and sell a 4,300 sq ft home here at a 15% margin.

TightAt $1.45M for the land:Profit $275K · 6.8%Needs $1,043/sq ft to hit 15% · assumed $945

Land $1.45MBuild $1.63MSoft costs $163KCarry $293KSelling $244KProfit $275KSale $4.06M

Land price$Midpoint of nearby land sales, adjusted for lot sizeHome sizesq ftsized like 10 new homes on similar lots nearbySale price per sq ft$8 nearest new homes soldBuild cost per sq ft$Luxury assumption, per sq ft of total area. Declared permit values here run ~$221/sq ft, well under real cost.Soft costs% of buildDesign, engineering, permits, insuranceMonths, purchase to salemoBuild ~23 mo (Boca Raton median off the water) + permitting and saleInterest rate%On a loan covering about 65% of costsSelling costs% of saleTarget margin% of sale

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: R1C Single-Family Residential
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: No
Lot size: 7,200 sf 0.17 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
241 E Fern Dr Vacant lot sale	May 2026	$2.2M	10,110 sf	$218	36 m
800 W Fern Dr Vacant lot sale	Jul 2026	$2.5M	9,971 sf	$251	40 m
735 W Fern Dr Bought for a new home · Beach to Bay Custom Builders	Dec 2021	$1.32M	11,260 sf	$118	95 m
799 Park Dr W Bought for a new home · Collin Building Group	Jan 2026	$1.68M	7,976 sf	$210	164 m
107 SE Olive Way Bought for a new home · TGR Design Build	Dec 2025	$1.38M	6,368 sf	$216	215 m
870 E Boca Raton Rd Bought for a new home · Bealecon Construction	Sep 2025	$1.57M	9,370 sf	$168	378 m
100 NE Spanish Trl Bought for a new home · Primo Construction	May 2025	$2.6M	14,061 sf	$185	448 m
123 NE Wavecrest Way Bought for a new home · Core 4 Homes	Jan 2025	$1.55M	8,838 sf	$175	466 m

Interested in this lot?

A licensed agent who works land and new construction will check whether it can be bought, what it would take to build, and who builds nearby.

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New homes in Boca Ratone Por La Mar

Rising

Palm Beach Co. 2026 · 26.3498° N 80.0735° W

107 SE Olive Way

Boca Ratone Por La MarTGR Design Build

Likely price$4.6–6.45M

Rising

Palm Beach Co. 2026 · 26.3494° N 80.0734° W

799 Park Dr W

Boca Ratone Por La MarCollin Building Group

Likely price$5.4–7.55M

All new homes in Boca Ratone Por La Mar →

Record

Parcel number: 06434728010000990
Assessed land value: $1.35M
Typical build here: 22.8 months permit to certificate of occupancy, homes off the water, Boca Raton

Report a correction · Estimates are not appraisals.