8955 Puerto Del Rio Drive, Cape Canaveral, FL 32920

$8,250,000

8955 Puerto Del Rio Drive
Cape Canaveral, FL 32920
MLS# B26035752

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Property Description
BUILD-READY MULTIFAMILY DEVELOPMENT LAND | SEVEN 1-ACRE PADS | 7 BUILDINGS | 16 UNITS PER BUILDING | 112 APPROVED 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,

Details

Maps

Contract Information

Comp Sale YN: No

Listing Date: 2026-06-02

Status: Active

Original List Price: 8250000

List Price: $8,250,000

Current Price: $8,250,000

Listing Service: Full Service

Seller Represented YN: Yes

LP/Acre: 1100000

Location and Legal

Country: United States

County Or Parish: Brevard

Street Number: 8955

Street Name: Puerto Del Rio

Street Suffix: Drive

Municipality Type: Incorporated

State Or Province: FL

Postal Code: 32920

Subdivision Name: PUERTO DEL RIO CONDO PH 1C

Area: 6371 - Brevard County (E of IR)

Geographic Area: BRVD - Brevard

Parcel Number: 2437150000259q

Zoning: 0040

Flood Zone: AE

Directions: From Cape Canaveral, travel south on N Atlantic Avenue (A1A), then head west onto W Central Boulevard toward N Banana River Drive. Continue south on N Banana River Drive, and the waterfront development will be located along the riverfront corridor.

General Property Information

Transaction Type: Listing For Sale

Property Sub Type: Unimproved Land

Number Of Lots: 7

Lot Size Acres: 7.5

Lot Size Square Feet: 326700

Property Description: VACANT RESIDENTIAL

Waterfront YN: 1

LP/Assessed Value: 532.26

LP/SqFt: 25.25

Financial Information

Association YN: 1

Association Deposit YN: No

Association Fee Frequency: Monthly

Association Membership: Mandatory

Association Email: James@jameskedmunds.com

Master Association YN: Yes

Membership Fee Required YN: No

Tax Year: 2025

Tax Annual Amount: 202.37

Tax Assessed/SOH Value: 15500

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

Assessor Market Value: 15500

Zoning Details

Jurisdiction: City

Status Change Information

Major Change Timestamp: 2026-06-02T15:12:40Z

Major Change Type: New Listing

Status Change Date: 2026-06-02

Originating Details

Originating System Key: 20260528185747251512000000

Originating System ID: M00000170

Property Features

Association Amenities: Dog Park; Fitness Center; Jogging Path; Park; Parking; Pool; Recreation Facilities; Security; Sidewalks; Storage

Association Fee Includes: Common Areas; Maintenance Structure; Pool Service; Recreation Facility; Reserve Funds; Security; Trash; Water

Current Use: Multi-Family

Development Status: Finished Lot(s); Site Plan Approved

Documents Available: Building Plan; Engineering Study; Plans; Soil Boring Test; Survey

Environmental Audit: Phase 1

Land Fill: Fill Not Required

Location of Property: In Residential Area

Possession: Close Of Escrow

Possible Use: Commercial; Development; Multi-Family; Residential; Subdevelopment

Sewer: Public Sewer

Soil Type: Dirt

Special Listing Conditions: Standard

Utilities: Cable Available; Electricity Available; Sewer Available; Water Available

View: Preserve; Water

Zoning Information: Use Conforms To Zoning

Association Type: Condominium

Listing Terms: Cash; Conventional; Owner May Carry; Private Financing Available

Road Frontage Type: City Street

Road Surface Type: Paved

Tax Information: No Homestead

Water Access: Other

Water Source: Public

Water View: Intracoastal; River

Waterfront Features: River Front

Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent

Elevation Description: 0-5 Feet Above Sea Level

Acreage Description: 5 To Less Than 10 Acre Lot

Supplements

allowing for immediate vertical development execution. Positioned near 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.

Listing Office: One Sotheby's Int'l Realty

Last Updated: October - 09 - 2026

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