USAFLIndialanticPuerto Del Rio Condo Ph 1A8955 Puerto Del Rio Drive
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8955 Rio Ln, Indialantic, FL

House

For Sale

Listed price in listed location currency (USD).
$8,250,000

000

MLS® 1078450

  • Key Facts
  • Description
  • Map

Key Facts

Type Unimproved Land
Levels Land
Size -
Garage 
Taxes $202
Days Active 1
Lot Size 
Approx. Age 
MLS® Number 1078450

Property Address: 8955 Puerto Del Rio Drive, Indialantic, FL, 32903

Average square foot calculated using Size range provided by listing agent.

Description

MULTIFAMILY INFILL OPPORTUNTY. 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.
MLS® Number1078450
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 28, 2026List Date
$8,250,000List Price
  • Commute

Commute

Starting Address
Destination Address
8955 Rio Ln, Indialantic, FL

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