Vacant lotWaterfront

850 NE Bay Isle Dr

Boca Bay ColonyBoca Raton15,276 sq ft lot (0.35 acres)Zoned R1B
850 NE Bay Isle Dr in 2026850 NE Bay Isle Dr 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
$2.63–3.01MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 15,276 sq ft.
Land price per sq ft, sized to this lot
$0$158$315

Sized to this lot, nearby waterfront land sales point to about $185 per sq ft. This parcel last sold for $1.26M in Dec 2019 ($82 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$1.27Mto build and sell a 6,100 sq ft home here at a 15% margin.
Doesn’t pencilAt $2.83M for the land:Loss $693K · −9.8%Needs $1,522/sq ft to hit 15% · assumed $1,158
Land $2.83MBuild $3.54MSoft costs $354KCarry $615KSelling $424KLoss $693KSale $7.06M
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
R1B 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
Yes dock, seawall and setback rules apply
Lot size
15,276 sf 0.35 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

Waterfront · last 5 years
AddressSoldPriceLot$/sq ftAway
845 NE Bay Isle Dr
Vacant lot sale
Oct 2023$2.85M14,231 sf$20060 m
7398 NE Bay Cove Ct
Bought for a new home · A & N Housing Group
Oct 2024$3.2M12,672 sf$25393 m
830 NE Bay Cove St
Bought for a new home · Defined Construction
Aug 2023$2.05M8,398 sf$244216 m
748 NE Bay Isle Dr
Bought for a new home · Core 4 Homes
Jan 2025$2.85M9,840 sf$290251 m
808 NE Bay Cove St
Vacant lot sale
Oct 2026$1.8M8,925 sf$202252 m
745 NE Bay Isle Dr
Bought for a new home · AK Building & Design
Nov 2025$2.73M14,479 sf$188266 m
700 NE Orchid Bay Dr
Bought for a new home · Gulfstream Custom Builders
Feb 2023$2.37M19,262 sf$123361 m
7091 NE 8th Dr
Bought for a new home · Beach to Bay Custom Builders
Dec 2021$2.15M9,448 sf$228386 m