About This Home
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.
Facts & Features
36 detailsOverview
- List Price
- $8,250,000
- Lot Size
- 7.50 acres
- Property Type
- Land & Docks
- Sub-Type
- Unimproved Land
- Standout Features
- City SewerCity WaterSeller Financing
Exterior & Construction
- Zoning
- 0040
- View
- IntracoastalRiverPreserveWater
Waterfront & Boating
- Waterfront
- Yes
Community & HOA
- HOA
- Yes
- HOA Fee Frequency
- Monthly
- Community Amenities
- Recreation FacilityDog ParkFitness CenterJogging PathParkParkingPoolSecuritySidewalksStorage
- Fee Includes
- Common AreasMaintenance StructureReserve FundsSecuritySewerTrashWater
Utilities & Green Energy
- Utilities
- Cable AvailableElectricity AvailableSewer AvailableWater Available
- Water Source
- Public
- Sewer
- Public Sewer
Location & Schools
- Address
- 8955 Puerto Del Rio Drive, Cape Canaveral, FL 32920
- City
- Cape Canaveral
- County
- Brevard
- Zip Code
- 32920
- Subdivision
- PUERTO DEL RIO CONDO PH 1C
- State
- FL
Financial & Tax
- Special Conditions
- Standard
- Annual Tax
- $202
- Parcel Number
- 2437150000259q
Listing & MLS
- MLS #
- B26035752
- Listing Agent
- James Kenneth Edmunds
- Listing Office
- One Sotheby's Int'l Realty
- Listing Updated
- Aug 5, 2026
Additional Details
- Lot Size Square Feet
- 326,700
- Current Use
- Multi-Family
- Possible Use
- CommercialDevelopmentMulti-FamilyResidentialSubdevelopment
- 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.
- Mls Area Major
- 6371 - Brevard County (E of IR)
- Photos Count
- 27
- Property Type Label
- Land & Docks
- Permit Internet
- Yes
Monthly Cost
Estimated with 20% down ($1,650,000), 30-yr fixed at 6.5%
- Principal & interest
- $41,716
- Property taxes
- $17
- Home insurance
- $4,125
Estimate only — not a loan offer or pre-approval. Taxes from the latest county tax bill; insurance estimated at 0.6% of price per year.
Price & Status History
Loading history…
History shown as reported by BeachesMLS. Information deemed reliable but not guaranteed.
Location & Flood Zones
8955 Puerto Del Rio Drive, Cape Canaveral, FL 32920
Cape Canaveral, FL 32920
PUERTO DEL RIO CONDO PH 1C
Listed by
James Kenneth Edmunds
One Sotheby's Int'l Realty
MLS #B26035752. Information deemed reliable but not guaranteed. Listing information last updated Aug 5, 2026.
Estimate Your Payment
Adjust the sliders — updates instantly.
- Principal & interest
- $41,716
- Property taxes
- $17
- Home insurance
- $4,125
- Loan amount
- $6,600,000
Taxes based on the latest county tax bill ($202/yr). Insurance estimated at 0.6% of price per year. Estimate only — not a loan offer or pre-approval.
