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HOMOSASSA, FL 34446 6725 S RAINBOW POINT

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Presented By: CENTURY 21 J.W.MORTON R.E. with 352-726-6668. - 352-726-6668
  • MLS# OM718653
  • 02/13/2026
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Home Details

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.
Presented By: CENTURY 21 J.W.MORTON R.E. with 352-726-6668. - 352-726-6668

Interior Features for 6725 S RAINBOW POINT

Bathrooms

Total Baths

General for 6725 S RAINBOW POINT

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
CityHOMOSASSA
CountyCitrus
Current UseUnimproved
DirectionsFrom 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.
Facing DirectionSouth
Flood Zone CodeX
Flood Zone Code XY
Legal DescriptionROVAN 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
Listing TermsCash, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet840708
Lot Size UnitsAcres
MLS Area34446 - Homosassa
OwnershipFee Simple
Property TypeLand
SewerSeptic Tank
Standard StatusActive
StatusActive
Subdivision NameROVAN FARMS UNREC SUB
Tax Annual Amount4503.34
Tax Lot10
Tax Year2025
UtilitiesOther
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
ZoningRURMH

Exterior for 6725 S RAINBOW POINT

Lot Dimensions670 x 1270
Lot Size Acres19.3
Lot Size Area19.3
Road Frontage TypeAccess Road
Road Surface TypePaved
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Steven Silcock

Broker Owner
Price $1,045,000
MLS#OM718653
List Date 02/13/2026
Property Type Land
Phone 407.574.0218
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