Vacant lot

847 NW 2 Ave

Progresso VillageFort Lauderdale4,400 sq ft lot (0.10 acres)Zoned RMM-25
Aerial of 847 NW 2 Ave, 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
$185–304KMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 4,400 sq ft.
Land price per sq ft, sized to this lot
$0$55$110

Sized to this lot, nearby land sales point to about $51 per sq ft. This parcel last sold for $19K in Jul 2010.

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$335Kto build and sell a 2,200 sq ft home here at a 15% margin.
PencilsAt $224K for the land:Profit $313K · 24.9%Needs $501/sq ft to hit 15% · assumed $573
Land $224KBuild $528KSoft costs $53KCarry $66KSelling $76KProfit $313KSale $1.26M
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
RMM-25 Residential Multifamily Mid Rise/ Medium High Density
Flood zone
AE base flood elevation 6 ft
Lowest floor
7 ft+ BFE + 1 ft minimum under the Florida Building Code; confirm with the city
Waterfront
No
Lot size
4,400 sf 0.10 acres
Ownership
Private owner

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

Off the water · last 5 years
AddressSoldPriceLot$/sq ftAway
819 NW 2 Ave
Vacant lot sale
Nov 2025$500K6,750 sf$74107 m
811 NW 1 Ave
Vacant lot sale
Mar 2024$728K13,500 sf$54149 m
1035 NW 1 Ave
Vacant lot sale
Mar 2022$255K6,748 sf$38366 m
201 NW 11 St #A-B
Vacant lot sale
Oct 2023$545K10,122 sf$54434 m
624 NW 4 Ave
Vacant lot sale
Apr 2023$1.04M6,750 sf$154488 m
1201 NE 1 Ave
Vacant lot sale
Aug 2022$400K10,142 sf$39686 m
1015 NW 8 Ave #A-B
Bought for a new home · J Cooper Construction
Mar 2024$90K10,127 sf$9742 m
1235 NW 2 Ave
Bought for a new home · Michael Salus Construction
Dec 2022$310K6,750 sf$46755 m