8955 Puerto Del Rio Drive, Cape Canaveral, FL 32920
$8,250,000
Property Type:
Land
Lot Size (sq. ft.):
326,700
Status:
Active
Current Price:
$8,250,000
List Date:
5/28/2026
Last Modified:
7/12/2026
Overview
Description
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,
Supplements: ... (Read more)
Listing Details MLS# 1078450
General Property Information
- Road Frontage Feet
- 1118
- Number Of Lots
- 7
- Lot Size Acres
- 7.5
- Lot Size Dimensions
- 400 x 200
- Lot Dimensions Source
- Public Records
- Lot Size Square Feet
- 326700
- Association YN
- Yes
- Association Fee Frequency
- Monthly
- Association Name
- PUERTO DEL RIO
- Water Body Access YN
- Yes
- Waterfront YN
- Yes
- Water Body Name
- Banana River
- CDD Fee YN
- No
- List Price/Acre
- 1100000
- Association Fee
- 0
- Association Fee 2
- 0
Property Features
Association Amenities:
Boat Dock; Clubhouse; Dog Park; Fitness Center; Jogging Path; Maintenance Grounds; Management - Full Time; Park; Pool; Security; Storage; Other
Association Fee Includes:
Other
Current Use:
Multi-Family; Residential
Development Status:
Finished Lot(s); Site Plan Approved; See Remarks
Listing Terms:
Cash; Conventional; Owner May Carry; Private Financing Available
Lot Features:
Cul-De-Sac; Other
Possession:
Close Of Escrow
Road Frontage Type:
City Street
Road Surface Type:
Asphalt
Security Features:
24 Hour Security
Sewer:
Public Sewer
Showing Requirements:
24 Hour Notice; Call Listing Agent; Call Listing Office
Special Listing Conditions:
Standard
Utilities:
Cable Connected; Electricity Connected; Sewer Connected; Water Connected
View:
Intracoastal; Ocean; Protected Preserve; River
Water Body Access Type:
Association; Shared
Water Source:
Public
Waterfront Features:
Intracoastal; River Access
Contract Information
- Original List Price
- 8250000
- Listing Contract Date
- 2026-05-28
- Property Sub Type
- Unimproved Land
Location Tax and Legal
- Street Number
- 8955
- Street Name
- Puerto Del Rio
- Street Suffix
- Drive
- County
- Brevard
- State
- FL
- Postal Code
- 32920
- MLS Area Major
- 271 - Cape Canaveral
- Subdivision Name
- Puerto Del Rio Condo Ph 1A
Remarks and Miscellaneous
- Public Remarks
- 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,
Status Change Information
- Major Change Timestamp
- 2026-05-28T16:53:15Z
- Major Change Type
- New Listing
- Status Change Timestamp
- 2026-05-28
More Information
Closing Company Details
- Closing Company Name
- Buchalter & Pelphrey, Attorneys at Law. C. 321-205-0900
- Closing Company Address
- 2395 North Courtenay Parkway #203 Merritt Island, Florida 32953
Location, Tax, and Legal
- Tax Account
- 2456780
- Parcel Number
- 24-37-15-00-00259.Q-0000.00
- General County Location
- Central
- Elementary School
- Cape View
- Middle School
- Cocoa Beach
- High School
- Cocoa Beach
- Tax Annual Amount
- 202.37
- Tax Year
- 2025
- Tax Legal Description
- 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
- Zoning Description
- Multi Family
- Directions
- 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.
Association Amenities
- Boat Dock
- Yes
- Clubhouse
- Yes
- Dog Park
- Yes
- Fitness Center
- Yes
- Jogging Path
- Yes
- Maintenance Grounds
- Yes
- Management - Full Time
- Yes
- Park
- Yes
- Pool
- Yes
- Security
- Yes
- Storage
- Yes
- Other
- Yes
Association Fee Includes
- Other
- Yes
Current Use
- Multi-Family
- Yes
- Residential
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Owner May Carry
- Yes
- Private Financing Available
- Yes
Lot Features
- Cul-De-Sac
- Yes
- Other
- Yes
Possession
- Close Of Escrow
- Yes
Water Body Access Type
- Association
- Yes
- Shared
- Yes
Road Frontage Type
- City Street
- Yes
Road Surface Type
- Asphalt
- Yes
Security Features
- 24 Hour Security
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- Standard
- Yes
Utilities
- Cable Connected
- Yes
- Electricity Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
View
- Intracoastal
- Yes
- Ocean
- Yes
- Protected Preserve
- Yes
- River
- Yes
Water Source
- Public
- Yes
Waterfront Features
- Intracoastal
- Yes
- River Access
- Yes
Development Status
- Finished Lot(s)
- Yes
- Site Plan Approved
- Yes
- See Remarks
- Yes
Showing Requirements
- 24 Hour Notice
- Yes
- Call Listing Agent
- Yes
- Call Listing Office
- Yes
Listing Office:
One Sotheby's International
Last Updated: July - 12 - 2026
Information is deemed to be reliable, but is not guaranteed.