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Justin Simons

simonsgroup321@gmail.com +1(618) 444-7760

$ 8,250,000

Est. payment | -/mo

7.5 Acres Lot

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$ 8,250,000

Est. payment | -/mo

Save Virtual Tour

7.5 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Puerto Del Rio Condo Ph 1A

MLS Listing ID 1078450

HOA Y/N Yes

Annual Tax Amount $202

Tax Year 2025

Lot Size 7.500 Acres

Acres 7.5

Lot Dimensions 400 x 200

Property Sub-Type Unimproved Land

Source Space Coast MLS (Space Coast Association of REALTORS®)

Property Description

BUILD-READY MULTIFAMILY DEVELOPMENT LAND | SEVEN 1-ACRE PADS | 7 BUILDINGS | 16 UNITS PER BUILDING | 112 APPROVED UNITS A rare build-ready multifamily land opportunity in Cape Canaveral, consisting of approximately 7.5 acres configured into seven approved development pads, each approximately 1 acre or greater. The site is entitled for 112 multifamily units, with each pad approved for a four-story residential building with up to 16 units and a maximum building height of 45 feet. The property is positioned within Cape Canaveral's Economic Overlay District and offers developers the opportunity to move directly into vertical construction, with major horizontal infrastructure already in place, including paved roadways, municipal water, sanitary sewer, electrical service, drainage, and utility connectivity. Located adjacent to one of Cape Canaveral's remaining undeveloped waterfront corridors, 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. Seven build-ready development pads. Approximately 7.5 acres. 112 approved units. Major infrastructure in place. Immediate vertical development opportunity.

Location

State FL

County Brevard

Area 271 - Cape Canaveral

Direction From Cape Canaveral, travel south on North Atlantic Avenue (A1A), then head west onto West Central Boulevard toward North Banana River Drive. Continue south on North Banana River Drive, and the waterfront development of Puerto Del Rio will be located along the riverfront corridor, offering convenient access to Port Canaveral, Cocoa Beach, and the greater Space Coast market.

Body of Water Banana River

Exterior

Exterior Feature ExteriorFeatures

Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Amenities Available Boat Dock, Clubhouse, Dog Park, Fitness Center, Jogging Path, Maintenance Grounds, Management - Full Time, Park, Pool, Security, Storage, Other

Waterfront Description River Access,Intracoastal

View Ocean, River, Intracoastal, Protected Preserve

Present Use Multi-Family,Residential

Street Surface Asphalt

Road Frontage City Street

Garage No

Building

Lot Description Cul-De-Sac, Other

Sewer Public Sewer

Water Public

Schools

Elementary Schools Cape View

High Schools Cocoa Beach

Others

HOA Name PUERTO DEL RIO

HOA Fee Include Other

Senior Community No

Tax ID 24-37-15-00-00259.q-0000.00

Security Features 24 Hour Security

Acceptable Financing Cash, Conventional, Owner May Carry, Private Financing Available

Listing Terms Cash, Conventional, Owner May Carry, Private Financing Available

Special Listing Condition Standard

Virtual Tour https://www.virtualtourcafe.com/mls/10006705

Space Coast Association of Realtors (Brevard MLS)

Listed by One Sotheby's International

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(618) 444-7760

simonsgroup321@gmail.com

818 E New Haven Ave, Melbourne, FL 32901, United States

8955 Puerto Del Rio DR Cape Canaveral, FL 32920

Justin Simons

Key Details

Location

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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8955 Puerto Del Rio DR