$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
Property type
Year built
Lot size
Price / sq ft
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
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
- 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
Ask about this home
Have a question? Ask the broker directly.
Ryan Solberg answers personally — no call center, no spam. Your question goes straight to him.
Exterior & Construction
- Waterfront
- Yes
Listing Details
- Original list price
- $8,250,000
Location
More homes like this


$8,250,000
8955 Puerto Del Rio Drive, Cape Canaveral, Fl 32920
Cape Canaveral, FL 32920
7.5 acres
Puerto Del Rio Condo Ph 1a
MLS ID #1078450, One Sotheby's International.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)


$398,500
310 King Neptune Lane B-6, Cape Canaveral, Fl 32920
Cape Canaveral, FL 32920
3 bd · 3 ba · 1,620 sqft
River Gardens Condo Ph I
MLS ID #1080653, RE/MAX Aerospace Realty.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)


$530,000
807 Mystic Drive C-210, Cape Canaveral, Fl 32920
Cape Canaveral, FL 32920
3 bd · 2 ba · 2,059 sqft
The Seaport Ocean Front Condo
MLS ID #1079282, Coldwell Banker Realty.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)


$319,900
214 Chandler Street, Cape Canaveral, Fl 32920
Cape Canaveral, FL 32920
2 bd · 2 ba · 1,200 sqft
Cape Canaveral Beach Gdns Unit 2
MLS ID #1080860, Charles Rutenberg Realty.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
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)
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. Data is deemed reliable but is not guaranteed accurate by the MLS.
© 2026Space Coast Association of REALTORS®. All information should be independently reviewed and verified for accuracy.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA