Vacant lotWaterfront

869 Havana Dr

Caribbean KeysBoca Raton12,750 sq ft lot (0.29 acres)Zoned R1B
869 Havana Dr in 2026869 Havana 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
$2.22–2.49MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 12,750 sq ft.
Land price per sq ft, sized to this lot
$0$188$377

Sized to this lot, nearby waterfront land sales point to about $193 per sq ft. This parcel last sold for $4M in Dec 2017 ($314 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$1.13Mto build and sell a 5,400 sq ft home here at a 15% margin.
Doesn’t pencilAt $2.46M for the land:Loss $567K · −9.1%Needs $1,511/sq ft to hit 15% · assumed $1,158
Land $2.46MBuild $3.13MSoft costs $313KCarry $539KSelling $375KLoss $567KSale $6.25M
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
R1B Single-Family Residential
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
Yes dock, seawall and setback rules apply
Lot size
12,750 sf 0.29 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
5601 Coastal Dr
Bought for a new home · Certain Homes
Nov 2023$2.1M8,843 sf$237136 m
772 Glouchester St
Bought for a new home · Edmunds General Contracting
Mar 2022$1.73M8,999 sf$192504 m
801 Glouchester St
Bought for a new home · Boca Development & Construction
Jan 2022$1.65M9,749 sf$169529 m
876 Forsyth St
Vacant lot sale
Nov 2021$2.09M9,932 sf$210577 m
823 Forsyth St
Bought for a new home · March Enterprises
Mar 2026$1.9M8,664 sf$219625 m
728 Enfield St
Bought for a new home · Collin Builders
Nov 2023$1.7M8,499 sf$200734 m
741 Enfield St
Bought for a new home · Buss Construction Services
Nov 2022$1.6M8,499 sf$188768 m
756 Coventry St
Bought for a new home · AG Property Development
Sep 2024$1.85M8,499 sf$218908 m