Vacant lotWaterfront

941 S Ocean Blvd

Delray Beach47,180 sq ft lot (1.08 acres)Zoned R-1-AA
941 S Ocean Blvd in 2026941 S Ocean Blvd 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
$5.76–8.3MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 47,180 sq ft.
Land price per sq ft, sized to this lot
$0$331$661

Sized to this lot, nearby waterfront land sales point to about $131 per sq ft. This parcel last sold for $26M in Mar 2026 ($551 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$1.34Mto build and sell a 4,550 sq ft home here at a 15% margin.
Doesn’t pencilAt $26M for the land:Loss $27.3M · −516.8%Needs $8,969/sq ft to hit 15% · assumed $1,160
Land $26MBuild $2.25MSoft costs $225KCarry $3.76MSelling $317KLoss $27.3MSale $5.28M
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 12 ft
Lowest floor
13 ft+ BFE + 1 ft minimum under the Florida Building Code; confirm with the city
Waterfront
Yes dock, seawall and setback rules apply
Lot size
47,180 sf 1.08 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
939 S Ocean Blvd
Bought for a new home · Cavadium
Apr 2025$22M48,217 sf$45634 m
1041 Lewis Cove Rd
Bought for a new home · Edgewater GC
Mar 2023$2M9,392 sf$213354 m
1037 Brooks Ln
Bought for a new home · Enterprise Contractors
Mar 2023$800K8,638 sf$93466 m
1006 Lewis Cove Rd
Bought for a new home · Cavadium
Jan 2023$2.5M8,525 sf$293518 m
708 SE 9th St
Bought for a new home · Intercustom Builders
Aug 2025$2.3M8,677 sf$265528 m
1001 White Dr
Bought for a new home · SDGC
Aug 2022$5.88M17,489 sf$336653 m
1004 Rhodes Villa Ave
Bought for a new home · SDGC
Oct 2025$4.65M12,362 sf$376801 m
939 Eve St
Vacant lot sale
Apr 2024$1.88M10,171 sf$1841.3 km