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8955 Puerto Del Rio Drive

Cape Canaveral, FL 32920
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Bed --

Bed

Bath 0

Bath

Acres7.50

Acres(Lot)

MULTI-FAMILY INFILL OPPORTUNTY of 112 UNITS. Positioned within the Economic Overlay District of Cape Canaveral, the subject property represents a fully entitled ±7.5-acre multifamily development opportunity consisting of seven approved mid-rise residential pads. Each development pad encompasses approximately ±1 acre or greater and is approved for a four-story multifamily structure to a maximum building height of 45 feet. Current entitlements allow for 16 residential units per building, totaling 112 approved multifamily units across the site. All horizontal infrastructure improvements are in place, including paved roadways, municipal water, sanitary sewer, electrical service, drainage, and utility connectivity, allowing for immediate vertical development execution. Strategically positioned adjacent to the final undeveloped waterfront corridor within Cape Canaveral and neighboring the Banana River, the asset is surrounded by an established coastal residential and hospitality corridor, comprised of condominium communities, hotels, mixed-use assets, and multifamily developments. The project benefits from exceptional regional connectivity and a highly desirable coastal backdrop highlighted by world-famous Port Canaveral, the Intracoastal Waterway, and the Atlantic Ocean beaches, positioning the development within one of Central Florida's most supply-constrained and rapidly appreciating waterfront submarkets.

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Detail Ic Property Details

Property Type : Land

Price : $8,250,000

AD Id : 79455565

MLS Id : 1078450

Lot Size : 7.50 Acres

Year Built : --

County : Brevard

Subdivision: Puerto Del Rio Condo Ph 1a

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Feature Features

  • Water/Sewer

    Water BodyName: Banana River Sewer: Public Sewer
  • Heating & Cooling

    Water front: Yes WaterSource: Public

  • Building Information

    Security System: 24 Hour Security
  • Road Types

    Asphalt
    City Street

  • Lot Information

    Lot Dimensions: 400 x 200 Lot Description: Cul-De-Sac, Other Lot Size Area: 7.5 Acres Lot Square Feet: 326,700 Waterfront: River Access, Intracoastal

    Property Information

    Property Type: Land Sub Type: Unimproved Land Subdivision: Puerto Del Rio Condo Ph 1A MLS Area Minor: 271 - Cape Canaveral Source Neighborhood: Puerto Del Rio Condo Ph 1A

  • Listing Price Information

    Listing Id: 1078450 ist Price: $8,250,000 Listing Terms Cash, Conventional, Owner May Carry, Private Financing Available
  • Listing Information

    Possession: Close Of Escrow

  • Tax Information

    Parcel Number: 24-37-15-00-00259.Q-0000.00 Annual Tax: $202 Tax Year: 2025 Taxes: PUERTO DEL RIO CONDO PH 1C UNIT 6201 PUERTO DEL RIO PHASE ONE CONDO PHASE 1C AS DESC IN ORB 5006 PG 761 AND ALL AMENDMENTS THERETO

  • Homeowners Association Information

    Association YN: Yes Included Fees: Other Included Amenities: Boat Dock, Clubhouse, Dog Park, Fitness Center, Jogging Path, Maintenance Grounds, Management - Full Time, Park, Pool, Security, Storage, Other Association Fee Frequency: Monthly Association Name: PUERTO DEL RIO

  • School Information

    Elementary School: Cape View
    Elementary School District:
    Junior High School: Cocoa Beach
    Senior High School: Cocoa Beach
  • Utility Information

    Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Location Information

    Direction: From Cape Canaveral, travel south on North Atlantic Avenue (A1A), then head west onto West Central Boulevard toward North Banana River Drive. Continue south on North Banana River Drive, and the waterfront development of Puerto Del Rio will be located along the riverfront corridor, offering convenient access to Port Canaveral, Cocoa Beach, and the greater Space Coast market.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
8955 Puerto Del Rio Drive, Cape Canaveral, FL, 32920 $8,250,000 -- -- -- 326,700 Sqft(Lot)
000 Adams Avenue, Cape Canaveral, FL, 32920 $1,399,000 -- -- -- 0.43 Acre(Lot)
409 Jackson Avenue, Cape Canaveral, FL, 32920 $539,900 -- -- -- 0.14 Acre(Lot)
E Grant Avenue, Cape Canaveral, FL, 32920 $399,500 -- -- -- 0.22 Acre(Lot)
000 Adams Avenue, Cape Canaveral, FL, 32920 $1,399,000 -- -- 18,731 0.43 Acre(Lot)

ByOwner last updated this listing 06/22/2026 @ 16:05

MLS: 1078450 LISTED BY: James Edmunds, One Sotheby's International 321-984-3135 SOURCE: Space Coast MLS (Space Coast Association of REALTORS®)

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