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8955 Puerto Del Rio Drive, Cape Canaveral, FL 32920

$8,250,000

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List Price: $8,250,000
MLS#: 1078450
Status: ACTIVE
Type: Land
County: Brevard
City: Cape Canaveral
Area: Cape Canaveral
Subdivision: Puerto Del Rio Condo Ph 1a
Total Square Feet: 326,700
Acres: 7.50
Days on Market: 117

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Property 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, 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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Additional Information

Hoa Frequency: Monthly
Tax Year: 2025
Tax Amount: $202
Location Description: Cul-De-Sac, Other
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Assoc Fee Includes: Other
Dwelling View: Ocean, River, Protected Preserve, Intracoastal
Water Frontage: River Access, Intracoastal
Elementary School: Cape View
Middle School: Cocoa Beach
High School: Cocoa Beach