diff --git a/net/py-netaddr/Makefile b/net/py-netaddr/Makefile
index 684a945a624cc..3f69cc76c0ce8 100644
--- a/net/py-netaddr/Makefile
+++ b/net/py-netaddr/Makefile
@@ -1,5 +1,5 @@
 PORTNAME=	netaddr
-PORTVERSION=	0.10.1
+PORTVERSION=	1.2.1
 CATEGORIES=	net python
 MASTER_SITES=	PYPI
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
@@ -11,12 +11,15 @@ WWW=		https://github.com/drkjam/netaddr/
 LICENSE=	BSD3CLAUSE MIT
 LICENSE_COMB=	multi
 
+BUILD_DEPENDS=	${PY_SETUPTOOLS} \
+		${PYTHON_PKGNAMEPREFIX}wheel>0:devel/py-wheel@${PY_FLAVOR}
+
 USES=		python
-USE_PYTHON=	autoplist concurrent distutils pytest
+USE_PYTHON=	autoplist concurrent pep517 pytest
 
 NO_ARCH=	yes
 
-PORTDOCS=	AUTHORS CHANGELOG README.rst
+PORTDOCS=	AUTHORS.rst CHANGELOG.rst README.rst
 
 OPTIONS_DEFINE=	DOCS
 
diff --git a/net/py-netaddr/distinfo b/net/py-netaddr/distinfo
index 851264be8ea02..b68c001f2559f 100644
--- a/net/py-netaddr/distinfo
+++ b/net/py-netaddr/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1704255503
-SHA256 (netaddr-0.10.1.tar.gz) = f4da4222ca8c3f43c8e18a8263e5426c750a3a837fdfeccf74c68d0408eaa3bf
-SIZE (netaddr-0.10.1.tar.gz) = 2225283
+TIMESTAMP = 1708623375
+SHA256 (netaddr-1.2.1.tar.gz) = 6eb8fedf0412c6d294d06885c110de945cf4d22d2b510d0404f4e06950857987
+SIZE (netaddr-1.2.1.tar.gz) = 2278809