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Pinnacle Real Estate Group – FL

8955 Puerto Del Rio Drive, Cape Canaveral, FL 32920 (MLS# B26035752)

8955 Puerto Del Rio Drive, Cape Canaveral, FL 32920

$8,250,000
Property Type: Land & Docks Lot Size (sq. ft.): 326,700 Status: Active
Current Price: $8,250,000 List Date: 6/02/2026 Last Modified: 9/09/2026

Overview

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.

Supplements: 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 connecti ...

Listing Details MLS# B26035752

General Property Information

Transaction Type
Listing For Sale
Property Sub Type
Unimproved Land
Number Of Lots
7
Lot Size Acres
7.5
Lot Size Square Feet
326700
Property Description
VACANT RESIDENTIAL
Waterfront YN
Yes
LP/Assessed Value
532.26
LP/SqFt
25.25

Property Features

Association Amenities: Dog Park; Fitness Center; Jogging Path; Park; Parking; Pool; Recreation Facilities; Security; Sidewalks; Storage Association Fee Includes: Common Areas; Maintenance Structure; Pool Service; Recreation Facility; Reserve Funds; Security; Trash; Water Current Use: Multi-Family Development Status: Finished Lot(s); Site Plan Approved Documents Available: Building Plan; Engineering Study; Plans; Soil Boring Test; Survey Environmental Audit: Phase 1 Land Fill: Fill Not Required Location of Property: In Residential Area Possession: Close Of Escrow Possible Use: Commercial; Development; Multi-Family; Residential; Subdevelopment Sewer: Public Sewer Soil Type: Dirt Special Listing Conditions: Standard Utilities: Cable Available; Electricity Available; Sewer Available; Water Available View: Preserve; Water Zoning Information: Use Conforms To Zoning Association Type: Condominium Listing Terms: Cash; Conventional; Owner May Carry; Private Financing Available Road Frontage Type: City Street Road Surface Type: Paved Tax Information: No Homestead Water Access: Other Water Source: Public Water View: Intracoastal; River Waterfront Features: River Front Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent Elevation Description: 0-5 Feet Above Sea Level Acreage Description: 5 To Less Than 10 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
8250000
Listing Service
Full Service
Seller Represented YN
Yes
LP/Acre
1100000

Location and Legal

Country
United States
County Or Parish
Brevard
Street Number
8955
Street Name
Puerto Del Rio
Street Suffix
Drive
Municipality Type
Incorporated
State Or Province
FL
Postal Code
32920
Subdivision Name
PUERTO DEL RIO CONDO PH 1C
Area
6371 - Brevard County (E of IR)
Geographic Area
BRVD - Brevard
Parcel Number
2437150000259q
Zoning
0040
Flood Zone
AE
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.

Financial Information

Association YN
Yes
Association Deposit YN
No
Association Fee Frequency
Monthly
Association Membership
Mandatory
Association Email
James@jameskedmunds.com
Master Association YN
Yes
Membership Fee Required YN
No
Tax Year
2025
Tax Annual Amount
202.37
Tax Assessed/SOH Value
15500
Tax Legal Description
PUERTO DEL RIO CONDO PH 1C UNIT 6201 PUERTO DEL RIO PHASE ONE CONDO PHASE 1C AS DESC IN ORB 5006 PG 761 AND ALL AMENDMENTS THERETO
Assessor Market Value
15500

Status Change Information

Major Change Timestamp
2026-06-02T15:12:40Z
Major Change Type
New Listing
Status Change Date
2026-06-02

More Information

Zoning Details

Jurisdiction
City

Originating Details

Originating System Key
20260528185747251512000000
Originating System ID
M00000170
IDX
Listing Office: One Sotheby's Int'l Realty
Last Updated: September - 09 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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