# 6725 S Rainbow Point, Homosassa, FL 34446

> **TL;DR:** land, $943,112. Est. $4,087/mo. Listed 108 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $943,112 |
| Lot Size | 840,708 sqft (19.30 acres) |
| Property Type | Land (Other) |
| Status | For Sale |
| Days on Market | 108 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,087 |
| **Total** | **$4,087** |

## Nearby Schools

- **Elementary:** Lecanto Primary
- **Middle:** Lecanto Middle
- **High:** Lecanto High

## Property Highlights

- 19.30 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 6725 S Rainbow Point, Homosassa, FL 34446
- **County:** Citrus
- **Neighborhood:** Not on List
- **Coordinates:** 28.766037, -82.486066
- **Google Maps:** https://www.google.com/maps?q=28.766037,-82.486066

## Listing Agent

- **Name:** Elias Kirallah
- **Brokerage:** Century 21 J.W.Morton R.E.
- **Phone:** 3524002635
- **Email:** elias@eliasgeorge.com

## Primary Photo

![6725 S Rainbow Point - Primary Photo](http://lh.rdcpix.com/aeb9dafd3fcf27b1415da055b8d2a3e5l-f602316823r.jpg)

*19 total photos available on [listing page](https://www.propertysimple.com/listing/6725-s-rainbow-point-homosassa-fl-34446-l852252)*

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**MLS#:** 852252 | **Updated:** 2026-06-19
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/6725-s-rainbow-point-homosassa-fl-34446-l852252)

---

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