(Multiple) Puerto Del Rio Drive, Cape Canaveral, Fl 32920, FL(Multiple) Puerto Del Rio Drive, Cape Canaveral, Fl 32920, FL(Multiple) Puerto Del Rio Drive, Cape Canaveral, Fl 32920, FL
Stellar MLS
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$8,250,000

(Multiple) Puerto Del Rio Drive, Cape Canaveral, Fl 32920

Cape Canaveral, FL 32920

Listing updated: June 16, 2026 at 12:56 PM ET

Active
Listing courtesy of One Sotheby'S International · James Edmunds · MLS #1079947 · Active · 321-984-3135
0
Baths
55,000
Sq Ft
7.5
Acres
2028
Built
Waterfront7.5 acres$150/sqft
Multi Family

Property type

2028

Year built

326,700 sqft

Lot size

$150

Price / sq ft

No HOA

HOA dues

About this home

MULTI-FAMILY INFILL OPPORTUNTY of 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. Strategically positioned adjacent to 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. DEVELOPMENT SITES ARE SHOVEL READY.

Estimated monthly payment

Principal & interest$41,716
Property taxes$7,563
Home insurance (est.)$3,781

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history

  1. Price increased$8,250,000

Facts & features

Property type
Commercial Sale
Sub type
Multi Family
Status
Active
Subdivision
Puerto Del Rio Condo Ph 1a
County
Brevard
Year built
2028
Living area
55,000 sq ft
Price/sq ft
$150
Lot size
326,700 sq ft
MLS #
1079947

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Exterior & Construction

Waterfront
Yes

Listing Details

Original list price
$8,250,000

Location

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MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of June 16, 2026 at 12:56 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

Brevard County listings courtesy of the Space Coast Association of REALTORS® (Space Coast MLS)

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© 2026Space Coast Association of REALTORS®. All information should be independently reviewed and verified for accuracy.

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