8955 Puerto Del Rio Drive, Cape Canaveral, FL 32920
PUERTO DEL RIO CONDO PH 1C · Brevard County
Key Facts
Description
MULTI-FAMILY INFILL OPPORTUNTY 112 UNITS. Positioned within the Economic Overlay District of Cape Canaveral, the subject property represents a fully entitled ±7.5-acre multifamily development opportunity consisting of seven approved mid-rise residential pads. Each development pad encompasses approximately ±1 acre or greater and is approved for a four-story multifamily structure to a maximum building height of 45 feet. Current entitlements allow for 16 residential units per building, totaling 112 approved multifamily units across the site. All horizontal infrastructure improvements are in place, including paved roadways, municipal water, sanitary sewer, electrical service, drainage, and utility connectivity, allowing for immediate vertical development execution. Positioned near the final undeveloped waterfront corridor within Cape Canaveral and neighboring the Banana River, the asset is surrounded by an established coastal residential and hospitality corridor 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.
Property Information
Property Type
Land
Sub-Type
Unimproved Land
Lot Size
7.50 acres
Zoning
0040
MLS® Listing#
B26035752
Property Features
Pool
Lot Features
Utilities
Sewer
Water Source
Financial Details
HOA
Yes
Annual Taxes
$202
Tax year 2025
Assessed Value
$15,500
Parcel Number
2437150000259q
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.
Affordability Calculator
$1,650,000
Estimated monthly payment
$43,910/mo
Principal $6,600,000 · Est. interest $9,207,587 over 30 yrs
Location
- 8955 Puerto Del Rio Drive, Cape Canaveral, FL 32920
Getting Around
Points of Interest in Cape Canaveral, FL
Showing the Cape Canaveral area map.
Nearby Schools
Cape View Elementary School
Elementary · 1.3 mi away
Our Saviour Catholic School
School · 2.3 mi away
Ron Jon Surf School
School · 2.9 mi away
Stevenson Elementary School
Elementary · 3.2 mi away
Audubon Elementary School
Elementary · 3.5 mi away
Christian Tallmadge Academy
School · 3.8 mi away
Lewis Carroll Elementary School
Elementary · 4.9 mi away
Divine Mercy Catholic Church
School · 5.2 mi away
Merritt Island High School
Secondary · 5.2 mi away
Faith Lutheran School
School · 5.3 mi away
Edgewood Junior Senior School
Secondary · 5.4 mi away
Calvary Chapel Merritt Island
School · 5.5 mi away
Theodore Roosevelt Elementary School
Elementary · 5.6 mi away
Brevard Private Academy
School · 5.6 mi away
Gardendale Elementary School
Elementary · 5.6 mi away
Alpha Academy
School · 5.6 mi away
Cocoa Beach Junior/Senior High School
Secondary · 5.7 mi away
Mila Elementary School
Elementary · 5.7 mi away
2fly Airborne
School · 5.9 mi away
Merritt Island Christian School
Secondary · 5.9 mi away
Commute Calculator
Nearby Homes
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Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1405 Andalusia Boulevard, Cape Coral, FL | $5,850,000 | — | — | — |
| 3926 Kismet Parkway W, Cape Coral, FL | $6,650,000 | — | — | — |
| 3715 SE 21st Place, Cape Coral, FL | $6,985,000 | 6 | 8 | 5,029 |
| 5735 Riverside Dr, Cape Coral, FL | $7,000,000 | 6 | 7 | 8,215 |
| 5735 Riverside Drive, Cape Coral, FL | $7,000,000 | 5 | 7 | 8,215 |
| 5735 RIVERSIDE DRIVE, CAPE CORAL, FL | $7,000,000 | 7 | 7 | 8,550 |
Moving Cost Estimate
EXIT Agents in Cape Canaveral
Listing Courtesy: One Sotheby's Int'l Realty - 7722225215
The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.