Vacant lot

990 NE 2nd Ter

Boca VillasBoca Raton8,355 sq ft lot (0.19 acres)Zoned R1D
Aerial of 990 NE 2nd Ter, 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
$1.38–1.45MMiddle half of nearby land sales, adjusted for lot size (12 sales), applied to this lot’s 8,355 sq ft.
Land price per sq ft, sized to this lot
$0$139$278

Sized to this lot, nearby land sales point to about $171 per sq ft. This parcel last sold for $800K in Dec 2020 ($96 per sq ft, the pink dot).

Does it pencil?

Build-and-sell pro forma
Supports a land price up to$1.45Mto build and sell a 4,900 sq ft home here at a 15% margin.
PencilsAt $1.43M for the land:Profit $746K · 15.5%Needs $977/sq ft to hit 15% · assumed $983
Land $1.43MBuild $1.86MSoft costs $186KCarry $305KSelling $289KProfit $746KSale $4.82M
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
R1D Single-Family Residential
Flood zone
X
Lowest floor
—
Waterfront
No
Lot size
8,355 sf 0.19 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

Off the water · last 5 years
AddressSoldPriceLot$/sq ftAway
1051 NE 2nd Ter
Bought for a new home · Bealecon Construction
Jun 2023$1.5M8,742 sf$17291 m
1050 NE 3rd Ave
Bought for a new home · M I Bobcat
Aug 2023$1.5M8,581 sf$175105 m
880 NE 3rd Ave
Bought for a new home · Leonard & Sons Builders
Jul 2022$1.6M10,171 sf$157109 m
201 NE 8th St
Bought for a new home · Cavossa Management
Feb 2024$1.25M12,075 sf$104110 m
1071 NE 2nd Ter
Bought for a new home · Gottsegen Builders
Jan 2022$1.19M8,760 sf$135113 m
991 NE 4th Ave
Bought for a new home · Upright Construction and Estate Management
Dec 2021$1.4M8,568 sf$163115 m
298 NE 8th St
Bought for a new home · Lighthouse General Contractors
Dec 2022$2.4M21,606 sf$111121 m
1071 NE 4th Ave
Bought for a new home · AH Construction Group
Jun 2022$1.45M8,568 sf$169141 m