ActiveUnimproved Land
8955 Puerto Del Rio Drive, Cape Canaveral, FL 32920
Cape Canaveral, FL 32920 · MLS #1078450The residence
About this property
BUILD-READY MULTIFAMILY DEVELOPMENT LAND | SEVEN ±1-ACRE PADS | 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.
At a glance
Property details
- Property type
- Unimproved Land
- Listing type
- For sale
- Status
- Active
- Lot size
- 326,700 sq. ft.
- Subdivision
- Puerto Del Rio Condo Ph 1A
- County
- Brevard
- Original list price
- $8,250,000
- Listing date
- May 28, 2026
- Annual property tax
- $202 (2025)
- Listing agent
- James Edmunds
- Listing office
- One Sotheby's International
- MLS number
- 1078450
Neighborhood & location
Explore Puerto Del Rio Condo Ph 1A
Review nearby homes, local services, commute routes, schools, flood information, and community rules as part of your due diligence. Neighborhood information can change and should be verified with the appropriate local authority.
Schools
School information
- Elementary school
- Cape View
- Middle school
- Cocoa Beach
- High school
- Cocoa Beach
- School district
- Brevard Public Schools
Plan your purchase
Mortgage calculator
- Principal & interest
- $41,716
- Property taxes
- $17
- Homeowners insurance
- $4,125
- Estimated total
- $45,858
Estimate only. Taxes, insurance, association fees, PMI, interest rate, and lender terms vary. Confirm the actual payment and closing costs with a licensed mortgage professional. Review Florida mortgage and pre-approval guidance.
Listing courtesy of One Sotheby's International, 321-984-3135.
Data provided by Space Coast MLS. Information is deemed reliable but is not guaranteed accurate by the MLS and should be independently verified. Property availability, price, and details are subject to change without notice.