Vacant lotWaterfront

924 Gardenia Dr

Tropic IsleDelray Beach8,999 sq ft lot (0.21 acres)Zoned R-1-AA-B
924 Gardenia Dr in 2026924 Gardenia 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
$1.86–2.4MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 8,999 sq ft.
Land price per sq ft, sized to this lot
$0$214$427

Sized to this lot, nearby waterfront land sales point to about $226 per sq ft. This parcel last sold for $310K in May 1989.

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$1.37Mto build and sell a 4,650 sq ft home here at a 15% margin.
TightAt $2.03M for the land:Profit $49K · 0.9%Needs $1,367/sq ft to hit 15% · assumed $1,160
Land $2.03MBuild $2.3MSoft costs $230KCarry $456KSelling $324KProfit $49KSale $5.39M
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-B 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
8,999 sf 0.21 acres
Ownership
Private owner

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

Waterfront · last 5 years
AddressSoldPriceLot$/sq ftAway
942 Fern Dr
Bought for a new home · Beachfront Builders
May 2026$2.2M9,270 sf$237116 m
935 Dogwood Dr
Bought for a new home · TD Home Remodeling
Sep 2026$1.95M9,653 sf$202386 m
963 Dogwood Dr
Bought for a new home · Beachfront Builders
Sep 2023$1.91M9,635 sf$198403 m
3041 Jasmine Ter
Bought for a new home · Meyers Building
Feb 2022$3.08M12,772 sf$241434 m
950 Cypress Dr
Bought for a new home · Intercustom Builders
Jun 2023$2.15M9,718 sf$221441 m
944 Cypress Dr
Bought for a new home · Intercustom Builders
May 2024$2M9,718 sf$206442 m
3131 Jasmine Dr
Bought for a new home · F5 Construction
Apr 2024$3.49M10,001 sf$349444 m
3050 Jasmine Ter
Bought for a new home · Marc Julien Homes
Jun 2022$7.1M17,555 sf$404463 m