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6725 S Rainbow Point
Homosassa FL 34446 US

$1,100,000

Active Listing ID 852252
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Lot: 19.30 Acres
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Other

$1,100,000

Active Listing ID 852252
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6725 S Rainbow Point 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.

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Property Features

  • Facts
  • Lot Size: 19.30 Acres
  • Property Type: Land
  • Property Sub-type: Other

School Information

  • School
  • Lecanto Primary(Elementary)
  • Lecanto Middle(MiddleSchool)
  • Lecanto High(HighSchool)

Property

  • propertytype: Land
  • propertysubtype: Other
  • listprice: 1100000
  • unparsedaddress: 6725 S Rainbow Point
  • postalcity: Homosassa
  • stateorprovince: FL
  • country: US
  • postalcode: 34446
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 19.3
  • lotsizeunits: Acres
  • lotsizearea: 19.3
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 28.766037
  • longitude: -82.486066
  • listagentfullname: Elias Kirallah
  • listagentemail: elias@eliasgeorge.com
  • listagentkey: 3yd-RACCFL-kirael3
  • listagentmlsid: kirael3
  • listagentpreferredphone: 3524002635
  • listagentofficephone: 3527266668
  • listofficekey: 3yd-RACCFL-0470
  • listagentstatelicense: 3123414
  • listofficemlsid: 0470
  • disclaimer: Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: RACCFL
  • listingcontractdate: 2026-02-13
  • listagentfax: 3527260547
  • listagenturl: http://citruscountycentury21.com
  • countyorparish: Citrus
  • parcelnumber: 1520819
  • elementaryschool: Lecanto Primary
  • highschool: Lecanto High
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Century 21 Real Estate
  • speciallistingconditions: Standard
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -82.48607, 28.766037
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Century21 J.W. Morton Real Estate, Inc", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"elias@eliasgeorge.com", "ListBrokerageCity":"Inverness", "ListBrokerageCountry":"US", "ListBrokerageEmail":"jcentury@jwmc21.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/RACCFL/741718f1e36f11df9ae000219b994c72/20101031122701887.png", "ListBrokerageName":"Century21 J.W. Morton Real Estate, Inc", "ListBrokeragePhone":"(352) 726-6668", "ListBrokeragePostalCode":"23340", "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1645 W. Main St", "ListBrokerageWebsiteUrl":"http://citruscountycentury21.com", "ListOfficeAddress1":"1645 W Main Street ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"0470", "ListOfficeCity":"Inverness", "ListOfficeCountry":"USA", "ListOfficeEmail":"waynebuhlerc21@gmail.com", "ListOfficePostalCode":"34450", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"LAND - Homosassa, FL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/6725-S-Rainbow-Pt_Homosassa_FL_34446_M55836-50637?f=listhub&s=RACCFL&m=852252&c=rexren", "MLSModificationTimestamp":"2026-02-13 22:54:36", "Neighborhoods":[{"Description":null, "Name":"Not on List"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":4503, "TaxDescription":"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", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 2/14/2026 1:39:39 PM GMT
Source Updated Date: 2/20/2026 6:50:30 PM GMT

Courtesy of: Elias Kirallah, Century 21 J.W.Morton R.E., elias@eliasgeorge.com

Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.