8955 Puerto Del Rio Drive Cape Canaveral, FL $ 8,250,000
8955 Puerto Del Rio Drive
$ 8,250,000
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8955 Puerto Del Rio Drive

Cape Canaveral, FL, 32920
$ 8,250,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 56,981

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Lots and Land for sale in Cape Canaveral, FL

for $8,250,000. The lot size is 7.5.

BUILD-READY MULTIFAMILY DEVELOPMENT LAND | SEVEN 1-ACRE PADS | 7 BUILDINGS | 16 UNITS PER BUILDING | 112 APPROVED UNITS A rare build-ready multifamily land opportunity in Cape Canaveral, consisting of approximately 7.5 acres configured into seven approved development pads, each approximately 1 acre or greater. The site is entitled for 112 multifamily units, with each pad approved for a four-story residential building with up to 16 units and a maximum building height of 45 feet. The property is positioned within Cape Canaveral's Economic Overlay District and offers developers the opportunity to move directly into vertical construction, with major horizontal infrastructure already in place, including paved roadways, municipal water, sanitary sewer, electrical service, drainage, and utility connectivity. Located adjacent to one of Cape Canaveral's remaining undeveloped waterfront corridors, 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. Seven build-ready development pads. Approximately 7.5 acres. 112 approved units. Major infrastructure in place. Immediate vertical development opportunity.

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Lots and Land Active

Price

$ 8,250,000

Property Type

Lots and Land

Taxes

$ 202

Style

Unimproved Land

Lot Size

7.5

Town/City

Cape Canaveral

County/Region

Brevard

MLS | Web ID

1078450

Features
General
Sewer Public Sewer
Utilities Cable Connected Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow
HOA Fee 0
Association Fee Includes Other
Security Features 24 Hour Security
View Ocean River Intracoastal Protected Preserve
Property Subtype Unimproved Land
Tax Year 2025
Current Use Multi-Family Residential
Waterfront Features River Access Intracoastal
HOA Fee 2 0
Assoc Fee Paid Per Monthly
County Brevard
Property Type Land
Association Amenities Boat Dock Clubhouse Dog Park Fitness Center Jogging Path Maintenance Grounds Management - Full Time Park Pool Security Storage Other
HOA true
Subdivision Name Puerto Del Rio Condo Ph 1A
Status Active
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.
High School Cocoa Beach
City Cape Canaveral
Body of Water Banana River
Association Name PUERTO DEL RIO
Zoning Description Multi Family
MLS Area 271 - Cape Canaveral
Lot Size Units Acres
Lot Size Square Feet 326700
Elementary School Cape View
Tax Annual Amount 202.37
Middle/Junior High School Cocoa Beach
MLS Area Minor 271 - Cape Canaveral
Virtual Tour https://www.virtualtourcafe.com/mls/10006705
Standard Status Active
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
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Interior
Total Baths 0
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Exterior
Lot Features Cul-De-Sac Other
Water Source Public
Lot Size Area 7.5
Lot Dimensions 400 x 200
Lot Size Acres 7.5
Road Surface Type Asphalt
Waterfront Y/N true
Road Frontage Type City Street
Number of Lots 7
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* Excluded Features
List By
One Sotheby's International

Broker

james@jameskedmunds.com

Email

Affordability Calculator

$56,998
Per Month
100%
0%
0%
Monthly Principal & Interest
$56,981
Monthly Property Taxes
$17
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4808625 Elementary School
4808624 Middle School
Cocoa Beach High School High School
Pricing History
DatePricePrice ChangeDescription
5/28/2026$8,250,000 Listed Price

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8955 Puerto Del Rio Drive, Cape Canaveral, FL, 32920 is a Lots and Land for sale at $8,250,000 with a lot size of 7.5. 8955 Puerto Del Rio Drive has 0.0 baths. The property's zip code is 32920 which is in Cape Canaveral, FL