Vacant lot

912 S Ocean Blvd

SeagateDelray Beach15,067 sq ft lot (0.35 acres)Zoned R-1-AA
Aerial of 912 S Ocean Blvd, 20262026 · Palm Beach County · Palm Beach Co.

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

What it’s worth as land

From recorded sales
$1.28–1.42MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 15,067 sq ft.
Land price per sq ft, sized to this lot
$0$75$150

Sized to this lot, nearby land sales point to about $94 per sq ft. This parcel last sold for $1.75M in Jun 2020 ($116 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$2.63Mto build and sell a 6,350 sq ft home here at a 15% margin.
PencilsAt $1.42M for the land:Profit $2.58M · 31.2%Needs $1,038/sq ft to hit 15% · assumed $1,305
Land $1.42MBuild $3.14MSoft costs $314KCarry $333KSelling $497KProfit $2.58MSale $8.29M
Delray Beach calibration

Calibrated on 83 Delray Beach deals. With these build costs the calculator's land budget is a median 98% of what the builders actually paid for the lot, and within 25% of it on 47 of the 83 (the old defaults came to 85%).

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
R-1-AA 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
15,067 sf 0.35 acres
Ownership
Company often a builder or investor

Setbacks, height and lot coverage depend on the zoning district; see Delray Beach’s Land Development Regulations (Chapter 4, Zoning). Confirm with a surveyor and the city before you buy.

Nearby land sales

Off the water · last 5 years
AddressSoldPriceLot$/sq ftAway
938 Seagate Dr
Bought for a new home · Southshore Builders
Aug 2022$2.35M12,894 sf$182172 m
1111 Casuarina Rd
Bought for a new home · Frankel Homes Limited
Dec 2021$1.77M10,067 sf$176600 m
735 SE 4th Ave
Vacant lot sale
Mar 2025$800K6,569 sf$122699 m
725 SE 4th Ave
Bought for a new home · Edgewater GC
Jun 2025$800K6,691 sf$120716 m
721 SE 4th Ave
Bought for a new home · Edgewater GC
May 2026$800K6,691 sf$120720 m
715 SE 4th Ave
Bought for a new home · Edgewater GC
May 2026$800K6,691 sf$120721 m
734 SE 4th Ave
Vacant lot sale
Feb 2022$810K9,853 sf$82763 m
521 SE 4th Ave
Bought for a new home · Gulfstream Custom Builders
Dec 2023$725K6,538 sf$111793 m