$943,112
6725 Rainbow Point
Homosassa, FL 34446
Property type
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
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.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history96 days on market
- Status: ActiveFeb 13, 2026
- Listed$1,100,000Feb 13, 2026
- Price reduced$943,112
Virtual Tour
Facts & features
- Property type
- Land
- Status
- Active
- Days on market
- 96
- Subdivision
- Rovan Farms Unrec Sub
- County
- Citrus
- Price/sq ft
- $1
- Lot size
- 840,708 sq ft
- Lot category
- 10 to less than 20
- Flood zone
- X
- Annual taxes
- $4,503 (2025)
- Parcel #
- 18E-20S-10-0000-1A0H0-0010
- Zoning
- RURMH
- MLS #
- OM718653
Interior Details
- Direction faces
- South
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
Exterior & Construction
- Road surface
- Paved
Utilities
- Sewer
- Septic Tank
- Water source
- Public
- Utilities
- Other
Listing Details
- Listing date
- 2026-02-13
- On market date
- 2026-02-13
- Original list price
- $1,100,000
- MLS area
- 34446 - Homosassa
- Listing AOR
- Ocala - Marion
- Status changed
- 2026-02-13
- Tax legal description
- 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
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From 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.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of May 20, 2026 at 3:11 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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