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6725 S Rainbow Point

Homosassa, FL 34446
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Acres19.30

Acres(Lot)

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 pro perty 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.

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Detail Ic Property Details

Property Type : Land

Price : $887,375

AD Id : 75320328

MLS Id : 852252

Lot Size : 19.30 Acres(Lot)

County : Citrus

Subdivision: Windsor Park

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Feature Features

  • Lot Information

    Lot Dimensions: 670x1270 Main Square Feet: 19.3 Acres Lot Size Acres: 19.3 Lot Size Square Feet: 840624 Lot Description: Corner Lot, Level, Wooded

    Property Information

    Subdivision: Not on List Source Property Type: Land Property SubType: Unimproved Land Direction Faces: North

  • Listing Price Information

    Listing Price: $887375 Original Price: $1100000 Cash, Conventional

  • Tax Information

    Parcel Number: 1520819 Tax Year: 2025 Annual Tax: $4503.34 Tax Legal Desc: ROVAN FARMS UNREC SUB TRACTS H1 H2 H3 & H4 S1/2 OF SE1/4 OF NE1/4 OF NE1/4 SEC 10-20-18 EXCEPT W 31.50FT THREOF RD R/W EXCEPT S 33FT THREOF CR R/W TRACT H-1 N1/2 OF SE1/4 OF NE1/4 OF NE1/4 EXCEPT W 31.50FT THEREOF RD R/W TRACT H-2 S1/2 OF NE1/4 OF NE 1/4 OF NE1/4 EXCEPT W 31.50FT THEREOF RD R/W TRACT H-3 N1/2 OF NE1/4 OF NE1/4 OF NE1/4 EXCEPT W 31.50FT THEREOF RD R/W EASE TRACT H-4 DESC IN OR BK 389 PG 667 OR BK 635 PGS 836-839 & OR BK 830 PG 1808 & OR BK 1051 PG 1278(TRUSTEES OF LINDA'S TRUST) 1 990 LESS OUT: O R BK 830 PG 1803(PT ADDED TO 70000) OR BK 2350 PG 1484

  • School Information

    Elementary School: Lecanto Primary
    Junior High School: Lecanto Middle
    Senior High School: Lecanto High
  • Location Information

    Direction: From the intersection of S Suncoast Blvd and W Cardinal St in Homosassa, head East on West Cardinal St for 0.6 Miles and you should reach your destination on the left side of the street. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
TBD Village Center Circle, Homosassa, FL, 34446 $3,000,000 -- -- -- 49.15 Acres(Lot)
5 Greenpark Boulevard, Homosassa, FL, 34446 $30,500 -- -- -- 15,504 Sqft(Lot)
3 Peachwood Point, Homosassa, FL, 34446 $43,900 -- -- -- 21,849 Sqft(Lot)
2 Mayflower Court, Homosassa, FL, 34446 $23,900 -- -- -- Acres (Lot)--
15 Whitewood Street, Homosassa, FL, 34446 $23,900 -- -- -- Acres (Lot)--
11 Crossandra Court, Homosassa, FL, 34446 $29,900 -- -- -- 14,352 Sqft(Lot)
6977 S Rainbow Point, Homosassa, FL, 34446 $137,700 -- -- -- 4.59 Acres(Lot)
6725 S Rainbow Point, Homosassa, FL, 34446 $887,375 -- -- 840,708 19.30 Acres(Lot)
7291 S Wanderlust Point, Homosassa, FL, 34446 $775,000 -- -- 369,179 8.48 Acres(Lot)
6719 S Georgian Road, Homosassa, FL, 34446 $857,000 -- -- 373,356 8.57 Acres(Lot)

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ByOwner last updated this listing 07/24/2026 @ 12:02

MLS: 852252 LISTED BY: Elias Kirallah, Century 21 J.W.Morton R.E. 352-726-6668 SOURCE: REALTORS Association of Citrus County

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