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Palm Beach County, FL · Sold

FL-267967

1566 County Road 116

$982,600
$6,802/ac · 144 ac
Acreage144 ac
Price per acre$6,802/ac
ZoningMixed Use
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedApr 25, 2025
Coordinates26.5706, -80.4116
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County GIS boundary

An active ArcGIS layer was found, but the parcel boundary could not be matched by APN or location. This usually means the parcel identifier format differs from the county's layer. Open the county source to verify the shape.

County market

Palm Beach County, Florida. Rural interior counties absorbing metro overflow; the country's hottest lot market.

View Palm Beach market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
26
Low risk
Wetlands13.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope8.2%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power132 ft away

Power at or near the road.

Buildable area119.40 of 144.46 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$751,278
$612,670$889,887 · $5,201/ac on 144 ac
Asking vs estimate
+30.8%
Priced above the comp set

Weighted from 10 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $982,600
Maximum allowable offer
$429,302
$2,972/ac · +30.0% target margin

You need $553,298 off asking to hit this margin.

All-in cost$465,793
Net resale$691,176
Projected profit$225,383
ROI+48.4%
Annualized+69.2%
Break-even resale$3,505/ac
Profit if resale lands off target
-20%
$87,148
-10%
$156,266
0%
$225,383
+10%
$294,501
+20%
$363,619
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
FL-898118
Paved · Power at road
161.2Feb 10, 2026$1,099,9006,8256,0839.9 mi
83
FL-637718
Landlocked · Power at road
120.6Jun 17, 2025$524,7004,3506,4019.6 mi
78
FL-518994
Paved · Power at road
304.0Jul 27, 2026$1,269,9004,1784,3689.8 mi
77
FL-916842
Gravel · Power at road
63.9Apr 24, 2026$465,6007,2816,0515.6 mi
75
FL-277320
Gravel · Off grid
90.4Jan 15, 2026$333,3003,6873,9468.3 mi
74
FL-546352
Dirt · Off grid
44.8Jul 27, 2026$271,0006,0446,32111.7 mi
70
FL-538200
Dirt · Off grid
171.0Apr 9, 2025$531,7003,1094,70312.7 mi
69
FL-369272
Landlocked · Full utilities
371.8Feb 7, 2026$1,155,5003,1084,9998.9 mi
65
FL-638911
Dirt · Power at road
286.2Mar 6, 2024$674,9002,3583,6578.8 mi
62
FL-696300
Gravel · Power at road
43.2Apr 23, 2024$262,5006,0795,0515.9 mi
60
Show adjustment detail for the top comp
  • Tract size (161.15 ac → 144.46 ac)+3.0%
  • Access (Paved → Gravel)-15.3%
  • Market time (6 mo)+2.1%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.