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    Cape Canaveral, FL
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    Cape Canaveral, FL Waterfront Land for Sale

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    Cocoa Beach, FL Merritt Island, FL Cocoa, FL Rockledge, FL Crestview, FL Malabar, FL Melbourne, FL Satellite Beach, FL
    Entitled Multifamily Development Land
    Updated: Jun 2
    Entitled Multifamily Development Land

    8955 Puerto Del Rio Drive, Cape Canaveral, FL 32920

    $8,250,000
    7.50 AC lot
    +/-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
    All horizontal infrastructure in place, including paved roadways, municipal water, sanitary sewer, electrical service, drainage, and utility connectivity
    Utilities available include cable, with public water and public sewer
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    Fully Entitled Waterfront Multifamily Land
    Updated: Jun 3
    Fully Entitled Waterfront Multifamily Land

    8955 Puerto Del Rio Dr, Cape Canaveral, FL 32920

    $8,250,000
    7.50 AC lot
    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.
    Horizontal infrastructure in place for immediate vertical development: paved roadways, municipal water, sanitary sewer, electrical service, drainage, and utility connectivity.
    Located in Cape Canaveral’s Economic Overlay District near the undeveloped waterfront corridor and neighboring the Banana River.
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Cape Canaveral, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    R-1 Waterfront Residential Lot
    R-1 Waterfront Residential Lot

    490 Brightwaters Dr, Cocoa Beach, FL 32931

    $950,000
    0.23 AC lot

    Residential lot with direct Banana River frontage and water and sewer available in Cocoa Beach.

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    Land
    Land

    0000 Shore Drive, Merritt Island, FL 32952

    $3,750,000

    Waterfront Land

    View details
    River-Facing Redevelopment Land
    River-Facing Redevelopment Land

    161 S Shepard Drive, Cocoa Beach, FL 32931

    $717,895

    Secluded river-facing land near the Atlantic Ocean, within the Gateway Redevelopment District with multifamily and commercial-use zoning.

    View details
    Land
    Land

    1740 Wavecrest Street, Merritt Island, FL 32952

    Contact for pricing

    Waterfront Land

    View details

    Cape Canaveral, FL Waterfront Land Market Trends and Statistics

    Explore 2 waterfront land for sale in Cape Canaveral, FL on our real estate platform. These investment opportunities span a total of 653,400 square feet of properties for sale, with an estimated market value of $16,500,000.

    Sale prices for water rights properties in Cape Canaveral, FL average $8,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Commercial land 5
    Waterfront Land 4
    Residential land & home lots 4

    Demographics Overview

    Population 9,964
    Population Growth (5Y) -2.1%
    Median Household Income $70,734
    College Educated 52.2%

    High-Yield Neighborhoods for Investment

    Identify Cape Canaveral submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    32920 $8.3M

    Taxes & Financing

    Tax Rate (average for all types) 1.04%
    Property Tax per SF $20.73 per SF
    Tax Rate vs County Average 0.42 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Brevard County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Brevard County

    Office

    Residential Income

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