Fully Entitled Waterfront Multifamily
For Sale
$8,250,000
8955 Puerto Del Rio Dr, Cape Canaveral, FL 32920
Seven approved pads with infrastructure in place for up to 112 multifamily units in Cape Canaveral.
Property SizeContact for details
Lot Size7.50 Acres
Days on Market93
Property Features for 8955 Puerto Del Rio Dr
General Information
Standard status
Active
Lot size
7.50 Acres
Property subtype
Land
Zoning
Economic Overlay District
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
112
Taxes and HOA fees
Annual Taxes
$202
Building Details
Stories
4
Listing Agency:
ONE Sotheby's International Realty Melbourne Beach
Listed By:
James Kenneth Edmunds · License #3414010
(321) 349-5068
Source:
Elliman
Added: Jun 3
Changed: Aug 8
Last Checked: Sep 2 at 7:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ONE Sotheby's International Realty Melbourne Beach
Investment Insights
Based on property information with market context.
The property is a fully entitled multifamily development site totaling approximately 7.5 acres, planned as seven approved mid-rise residential pads. Each pad is approved for a four-story multifamily structure up to a maximum building height of 45 feet, with entitlements allowing 16 residential units per building for a total of 112 approved units. Horizontal infrastructure is already in place, including paved roadways, municipal water, sanitary sewer, electrical service, drainage, and utility connectivity, supporting immediate vertical development following permitting and site execution.
Located at 8955 Puerto Del Rio Dr in Cape Canaveral, the project is positioned within the Economic Overlay District. The site is near the final undeveloped waterfront corridor and neighbors the Banana River, within a broader coastal mix of condominium communities, hotels, mixed-use assets, and multifamily developments.
For developers and investors seeking an entitlement-ready multifamily platform, the existing approvals and completed site utilities are practical advantages. The pad-by-pad design offers a clear path to vertical construction of the approved mid-rise buildings, with capped height and unit counts established through current entitlements.
Located at 8955 Puerto Del Rio Dr in Cape Canaveral, the project is positioned within the Economic Overlay District. The site is near the final undeveloped waterfront corridor and neighbors the Banana River, within a broader coastal mix of condominium communities, hotels, mixed-use assets, and multifamily developments.
For developers and investors seeking an entitlement-ready multifamily platform, the existing approvals and completed site utilities are practical advantages. The pad-by-pad design offers a clear path to vertical construction of the approved mid-rise buildings, with capped height and unit counts established through current entitlements.
Key Highlights
- Fully entitled ±7.5‑acre multifamily development with seven approved mid‑rise residential pads.
- Entitlements allow up to 16 units per building, totaling 112 approved multifamily units across the site.
- Each pad is approved for a four‑story multifamily structure with maximum building height of 45 ft.
Property Analytics
Property Profile
Current Use
Lease Details
112
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
Explore this area
Business Placement
Demographics for 32920, FL
9,984
Population
8,872
Households
1.1
Avg Household Size
58
Median Age
39%
College-Educated
96%
High-School Grad
24.8 sq mi
ZIP Area
403
Density / Sq Mi
$70,734
Median Household Income
$41,264
Median Earnings
$1,161
Median Rent
$323,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Waterfront Land - Seven approved pads with infrastructure in place for up to 112 multifamily units in Cape Canaveral.
Where is this waterfront land located?
The property is located at 8955 Puerto Del Rio Dr Cape Canaveral, FL.
What is the asking price?
The asking price for this property is $8,250,000.
What are key features of this property?
This property features: Fully entitled ±7.5‑acre multifamily development with seven approved mid‑rise residential pads.; Entitlements allow up to 16 units per building, totaling 112 approved multifamily units across the site.; Each pad is approved for a four‑story multifamily structure with maximum building height of 45 ft.
