Entitled Multifamily Development
For Sale
$8,250,000
8955 Puerto Del Rio Drive, Cape Canaveral, FL 32920
Land & Docks, Cape Canaveral, FL
Property SizeContact for details
Lot Size7.50 Acres
Days on Market98
Property Features for 8955 Puerto Del Rio Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
0040
Subdivision
PUERTO DEL RIO CONDO PH 1C
View
Water, River
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.
Standard status
Active
APN
2437150000259q
Lot size
7.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax 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
Tax Annual Amount
202
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
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Water front features
River Front
Water front
1
Listing Agency:
One Sotheby's Int'l Realty · Sotheby's International Realty
(772) 222-5215
Listed By:
James Kenneth Edmunds · License #3414010
(321) 349-5068
Added: Jun 2
Changed: Sep 4
Last Checked: Sep 7 at 10:06AM
MLS# B26035752
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully entitled multifamily development opportunity is positioned within the Economic Overlay District and consists of seven approved mid-rise residential pads. Each pad is approved for a four-story multifamily structure, with a maximum building height of 45 feet. Current entitlements allow for 16 residential units per building, totaling 112 approved multifamily units across the site.
Horizontal infrastructure improvements are in place to support rapid execution, including paved roadways, municipal water, sanitary sewer, electrical service, drainage, and utility connectivity. The property is near the final undeveloped waterfront corridor in Cape Canaveral, with proximity to the Banana River.
The site is well suited for developers seeking a waterfront infill multifamily project where entitlements and infrastructure are already established. With a ready-to-build framework and a coastal, hospitality-focused surrounding context that includes condominium communities, hotels, mixed-use assets, and multifamily developments, it offers a practical path for an operator to advance vertical construction without waiting for site-wide groundwork.
Horizontal infrastructure improvements are in place to support rapid execution, including paved roadways, municipal water, sanitary sewer, electrical service, drainage, and utility connectivity. The property is near the final undeveloped waterfront corridor in Cape Canaveral, with proximity to the Banana River.
The site is well suited for developers seeking a waterfront infill multifamily project where entitlements and infrastructure are already established. With a ready-to-build framework and a coastal, hospitality-focused surrounding context that includes condominium communities, hotels, mixed-use assets, and multifamily developments, it offers a practical path for an operator to advance vertical construction without waiting for site-wide groundwork.
Key Highlights
- +/-7.5‑acre fully entitled multifamily development opportunity in Cape Canaveral with 112 approved units
- Seven approved mid‑rise residential pads, each +/-1 acre or greater, with entitlements for four‑story structures up to 45 ft
- Each building is approved for 16 residential units, totaling 112 approved multifamily units across the site
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?
Residential land & home lot - Fully entitled multifamily site with horizontal infrastructure in place for immediate vertical development across seven approved pads.
Where is this residential land & home lot located?
The property is located at 8955 Puerto Del Rio Drive 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: +/-7.5‑acre fully entitled multifamily development opportunity in Cape Canaveral with 112 approved units; Seven approved mid‑rise residential pads, each +/-1 acre or greater, with entitlements for four‑story structures up to 45 ft; Each building is approved for 16 residential units, totaling 112 approved multifamily units across the site
