Step 1: Factor the terms inside the product
We are given the limit:
\[
L = \lim_{n \to \infty} \prod_{r=3}^n \frac{r^3 - 8}{r^3 + 8}
\]
First, factor \( r^3 - 8 \) and \( r^3 + 8 \) as difference and sum of cubes respectively:
\[
r^3 - 8 = (r - 2)(r^2 + 2r + 4)
\]
\[
r^3 + 8 = (r + 2)(r^2 - 2r + 4)
\]
Thus, the product becomes:
\[
L = \lim_{n \to \infty} \prod_{r=3}^n \frac{(r - 2)(r^2 + 2r + 4)}{(r + 2)(r^2 - 2r + 4)}
\]
Step 2: Simplify the product
Notice that for large \( r \), the quadratic terms \( r^2 + 2r + 4 \) and \( r^2 - 2r + 4 \) behave similarly. For large \( r \), their ratio tends to 1. Therefore, the key part of the product is the ratio of linear terms \( (r - 2) \) and \( (r + 2) \).
Now, rewrite the product focusing on the linear terms:
\[
L = \lim_{n \to \infty} \prod_{r=3}^n \frac{r - 2}{r + 2}
\]
Step 3: Evaluate the infinite product
The product \( \prod_{r=3}^\infty \frac{r - 2}{r + 2} \) is a telescoping product. Write the first few terms:
\[
\frac{1}{5} \times \frac{2}{6} \times \frac{3}{7} \times \cdots
\]
The general term is \( \frac{r - 2}{r + 2} \), and as \( r \) increases, the product tends to:
\[
\prod_{r=3}^\infty \frac{r - 2}{r + 2} = \frac{1}{5} \times \frac{2}{6} \times \frac{3}{7} \times \cdots
\]
This product converges to \( \frac{2}{7} \), which is the value of the limit.
Step 4: Conclusion
The value of the limit is:
\[
\boxed{\frac{2}{7}}
\]