6725 S Rainbow Pt Homosassa, FL 34446

This 19.3-acre development tract is located within the Cardinal Mixed-Use Interchange Management Area, east of the Suncoast Parkway interchange in Citrus County, Florida. Positioned along a primary growth corridor from the Tampa-St. Petersburg MSA, the property benefits from interchange access and infrastructure investment that supports residential and commercial expansion. The site is within the designated Mixed-Use Development area, allowing residential densities from 6 to 20 dwelling units per acre, subject to Master Planned Development 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 multifamily, build-to-rent communities, townhomes, or integrated mixed-use residential projects. 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. Citrus County has a current population of approximately 153,600 residents projected to exceed 350,000 by 2030. The completed parkway expansion and planned northern Phase 3 extension will provide direct one-hour connectivity to Tampa International Airport. 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.