6725 S Rainbow Pt | Image 1
Virtual Tour
6725 S Rainbow Pt | Image 2
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$1,100,000

9 days ago

0 Bed

0 Bath

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MLS® OM718653

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Land
Size -
Garage No
Taxes $4,503
Days Active 9
Lot Size 19.3 acres
Approx. Age 
MLS® Number OM718653

Property Address: 6725 S Rainbow Pt, Homosassa, FL, 34446-3320

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

Description

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.
MLS® NumberOM718653
Laundry Level
Central VacNo
FireplaceNo
Acreage19.3
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 13, 2026List Date
$1,100,000List Price
-End Date
Not Sold YetSold Price

For Sale

Feb 13, 2026List Date
$1,100,000List Price
  • Commute

Commute

Starting Address
Destination Address
6725 S Rainbow Pt, Homosassa, FL

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