6725 S Rainbow Point, Homosassa, FL 34446
Local realty services provided by:Bingham Realty ERA Powered
Listed by: elias kirallah
Office: century 21 j.w.morton r.e.
MLS#:OM718653
Source:MFRMLS
Price summary
- Price:$887,375
About this home
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....
Contact an agent
Home facts
- Subdivision & Development:ROVAN FARMS UNREC SUB
- Listing ID #:OM718653
- Added:181 day(s) ago
- Updated:August 14, 2026 at 04:02 PM
Structure and exterior
- Lot area:19.3 Acres
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Septic Tank
Finances and disclosures
- Price:$887,375
- Tax amount:$4,503 (2025)
Features and amenities
- Pool features:Public Pool
New listings near 6725 S Rainbow Point
- New
$185,000Active3 beds 2 baths1,196 sq. ft.5709 S Leopard Point, Homosassa, FL 34446
MLS# 857021Listed by: ALEXANDER REAL ESTATE, INC. - New
$475,000Active1.82 Acres7127 W Grover Cleveland Boulevard, Homosassa, FL 34446
MLS# 857076Listed by: TROPIC SHORES REALTY - New
$299,000Active3 beds 2 baths1,965 sq. ft.10 Colubrina Court, HOMOSASSA, FL 34446
MLS# GC542738Listed by: JABBAR & ASSOCIATES REALTY LLC - New
$29,500Active0.27 Acres31 Rebecca Court, HOMOSASSA, FL 34446
MLS# O6433156Listed by: LA ROSA REALTY LLC - New
$313,000Active3 beds 2 baths2,088 sq. ft.58 Byrsonima Circle, HOMOSASSA, FL 34446
MLS# TB8524177Listed by: ERA AMERICAN SUNCOAST REALTY - New
$249,500Active3 beds 2 baths1,288 sq. ft.4708 S Evergreen Avenue, Homosassa, FL 34446
MLS# 857064Listed by: LANTES REAL ESTATE LLC - New
$130,000Active5.01 Acres5614 S Georgian Road, HOMOSASSA, FL 34446
MLS# K4903697Listed by: 1ST CLASS REAL ESTATE GROUP LL - New
$28,000Active0.28 Acres41 Boxleaf Court, Homosassa, FL 34446
MLS# 857058Listed by: LANTES REAL ESTATE LLC - New
$35,000Active0.3 Acres38 Fringetree Street, HOMOSASSA, FL 34446
MLS# W7888367Listed by: CHARLES RUTENBERG REALTY INC - New
$300,000Active3 beds 2 baths1,529 sq. ft.48 Cactus Street, HOMOSASSA, FL 34446
MLS# TB8537345Listed by: MARK SPAIN REAL ESTATE