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Active - Agriculture for sale
8955 Puerto Del Rio Drive, Cape Canaveral FL 32920
Facts & features
Why you’ll love it
BUILD-READY MULTIFAMILY DEVELOPMENT LAND | SEVEN 1-ACRE PADS | 7 BUILDINGS | 16 UNITS PER BUILDING | 112 APPROVED 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.
Listings courtesy of One Sotheby's Int'l Realty.
Listed by: James Kenneth Edmunds • 321-349-5068 • One Sotheby's Int'l Realty
Co-listed by: One Sotheby's Int'l Realty
Source: Miami MLS, MLS#: B26035752
Based on info available as of Nov 12, 2026 at 7:10 PM EST.
Come see by yourself
Affordability
$41,733/mo
- Mortgage$41,716
- Property tax$17
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
$165,000 Credit back
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Travel times
About Puerto Del Rio Condo Ph 1C
This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone X
Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.
More details
Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements.
Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided.
Copyright ©2026.
Based on information as of Nov 12, 2026 at 07:10pm EST.
Make a winning offer, and get up to
$165,000 Credit back
