SWIPE FOR MORE IMAGES
$1,100,000 USD
6725 S Rainbow Point
Homosassa, Florida 34446
USA
Homosassa, Florida 34446
USA
7.811 ha ::
19.30 acres
Land for sale, Other Land
Sale price per sqm: 14.08
Tax: 4,503 USD
Remarks:
This 19.3+/- acre development tract is strategically positioned within the Cardinal Mixed-Use Interchange Management Area (IMA), just east of the recently expanded $135 million Suncoast Parkway (SR 589) interchange in Citrus County, Florida. Situated along one of the primary northward growth corridors extending from the Tampa-St. Petersburg MSA, the property benefits from interchange-level access and sustained public infrastructure investment that continues to fuel residential and commercial expansion throughout the region. The site falls within the designated Mixed-Use Development area, allowing residential densities ranging from 6 to 20 dwelling units per acre subject to Master Planned Development (MPD) approval. Based on approximately 18+/- acres within the mixed-use designation, the property presents a theoretical development yield ranging from approximately 119 units at 6 dwelling units per acre to as many as 386 units at 20 dwelling units per acre. This density flexibility supports a variety of development concepts including multifamily, build-to-rent communities, townhomes, or integrated mixed-use residential projects, providing scale and adaptability in a supply-constrained corridor. Infrastructure accessibility materially enhances the feasibility profile of the site. A jurisdictional pressure sewer system is located within approximately 2,000 feet of the property boundary, and a 12-inch water main is available for direct connection, providing the necessary capacity to support MPD-level development intensity. The combination of density allowances, utility proximity, and interchange positioning establishes this parcel as one of the more compelling large-scale residential opportunities within the expanding Suncoast Parkway corridor. Citrus County remains one of Florida's strongest emerging growth markets, with a current population of approximately 153,600 residents projected to exceed 350,000 by 2030 according to County planning estimates. The region continues its transition into a major residential, healthcare, and service hub within the Tampa Bay sphere of influence. The completed parkway expansion and planned northern Phase 3 extension-located just north of the subject property-will provide direct one-hour connectivity to Tampa International Airport and surrounding employment centers, significantly increasing regional mobility, tourism flow, and housing demand. Within a 15-minute trade area, the site serves approximately 46,361 residents with stable demographics, including an average age of 58 and a median household income of approximately $65,000. The convergence of sustained population growth, expanding infrastructure, and interchange-controlled density positions this property as a high-visibility, scalable, and future-proof development opportunity in one of Florida's advancing growth corridors.
Features:
- Elementary School: Lecanto Primary
Location:
6725 S Rainbow Point, Homosassa, Florida 34446, USA
Listed By CENTURY 21 J W Morton Real Estate, Inc.
The Land for sale, Other Land located at 6725 S Rainbow Point, Homosassa, Florida 34446, USA is currently for sale. 6725 S Rainbow Point, Homosassa, Florida 34446, USA is listed for $1,100,000 USD. If the property located at 6725 S Rainbow Point, Homosassa, Florida 34446, USA isn't what you're looking for, search Florida Real Estate to see other Land For Sale in Homosassa.
