6725 S Rainbow Point, Homosassa, FL 34446
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles Realty
Listed by: elias kirallah
Office: century 21 j.w.morton r.e.
MLS#:OM718653
Source:MFRMLS
Price summary
- Price:$914,820
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
- Listing ID #:OM718653
- Added:147 day(s) ago
- Updated:July 11, 2026 at 04:44 PM
Structure and exterior
- Lot area:19.3 Acres
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Septic Tank
Finances and disclosures
- Price:$914,820
- Tax amount:$4,503 (2025)
Features and amenities
- Pool features:Public Pool
The information being provided by Stellar Mls is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Stellar Mls. Better Homes and Gardens Real Estate Lifestyles Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Better Homes and Gardens Real Estate Lifestyles Realty, a broker participant of Stellar Mls. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Stellar Mls and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.
Properties in listings may have been sold or may no longer be available.
Copyright 2026 Stellar Mls. All rights reserved.New listings near 6725 S Rainbow Point
- New
$400,000Active3 beds 2 baths1,967 sq. ft.22 Grevillea Court, HOMOSASSA, FL 34446
MLS# W7887528Listed by: BRIDGE POINT BUSINESS REAL EST - New
$315,000Active4 beds 2 baths2,144 sq. ft.57 Pine Drive, HOMOSASSA, FL 34446
MLS# W7887398Listed by: RE/MAX MARKETING SPECIALISTS - New
$109,500Active2 beds 1 baths728 sq. ft.5396 W Richland Lane, HOMOSASSA, FL 34446
MLS# W7887466Listed by: RE/MAX MARKETING SPECIALISTS - New
$70,000Active0.81 Acres17 Woodlee Court S, HOMOSASSA, FL 34446
MLS# W7887233Listed by: HOMAN REALTY GROUP INC - New
$385,000Active4 beds 3 baths2,406 sq. ft.4 Lone Pine Street, HOMOSASSA, FL 34446
MLS# O6423418Listed by: PREMIER SOTHEBYS INT'L REALTY - New
$335,000Active3 beds 2 baths2,356 sq. ft.1391 S Gettysburg Drive, HOMOSASSA, FL 34448
MLS# OM727890Listed by: AT HOME REALTY - New
$249,000Active3 beds 2 baths1,560 sq. ft.6498 W Rosedale Drive, HOMOSASSA, FL 34448
MLS# TB8526739Listed by: PLANTATION REALTY, INC. 
$199,000Pending2 beds 2 baths920 sq. ft.1590 S Palm Avenue, HOMOSASSA, FL 34448
MLS# W7887272Listed by: RE/MAX ALLIANCE GROUP- New
$269,000Active4 beds 2 baths1,536 sq. ft.3135 S Lantana Way, HOMOSASSA, FL 34448
MLS# TB8525628Listed by: JT REALTY & ASSOCIATES - New
$180,000Active3 beds 2 baths1,152 sq. ft.7510 W Otter Street, HOMOSASSA, FL 34446
MLS# OM727855Listed by: TROTTER REALTY
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
© 2026 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.