8955 Puerto Del Rio Drive, Cape Canaveral, FL 32920 (MLS# 1078450)

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: 9/22/2026

Overview

Description

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,

Supplements: 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 ...

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

Property Features

Association Amenities: Boat Dock; Clubhouse; Community Pool; Dog Park; Fitness Center; Jogging Path; Maintenance Grounds; Management - Full Time; Park; 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
Comp Sale YN
No

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
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,

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
Listing Office: One Sotheby's International
Last Updated: September - 22 - 2026
Information is deemed to be reliable, but is not guaranteed.