6725 S Rainbow Point

Homosassa, FL 34446

$1,045,000
Price
840,708 / 19.3
Lot Size / Acres
Get preapproved with Rocket Mortgage1
an aerial view of beach and ocean
view of city and ocean
a view of a large area
a view of a back yard of the house
a view of a city
an aerial view of residential building with parking space
an aerial view of a city
an aerial view of a
an aerial view of a city
an aerial view of a city
a view of a city
an aerial view of house with yard
a view of a city
an aerial view of residential houses with outdoor space
a view of terrace
a view of a pool
a view of beach and ocean
a view of a dirt road with a building in the background

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...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.
  1. Listed by Elias Kirallah • Brokerage DRE #213829 • CENTURY 21 J.W.MORTON R.E.
    P: (352)-400-2635 C: (352)-400-2635 Elias@eliasgeorge.com

Property Details for 6725 South Rainbow Point

Subdivision Name
ROVAN FARMS UNREC SUB
Township
20S
Waterfront
No
LISTING UPDATED: 03/20/2026 05:52 PM

Property Details for 6725 South Rainbow Point

StatusActive
MLS #OM718653
Days on Market48
Taxes$4,503 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size19.30 AC
CountyCitrus County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of CENTURY 21 J.W.MORTON R.E., Elias Kirallah
Add your commute

Building Information for 6725 South Rainbow Point

Lot Size19.30 AC

Payment Calculator

Get preapproved with Rocket Mortgage1

$5,637 per month

30 year fixed, 6.46% Interest

Principal and Interest

$5,262

Property Taxes

$375

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 6725 South Rainbow Point

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Direction Faces: South
  • 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.
  • Mls Major Change Type: Price Decrease
  • Listing Service: Full Service
  • Road Frontage Type: Access Road
  • Street Number: 6725
  • Street Direction Prefix: S
  • Street Name: RAINBOW
  • Street Suffix: POINT
  • State: FL
  • City: HOMOSASSA
Parking
  • Available For Lease: No
Taxes and HOA Information
  • Tax Block: 1A0H0
  • Tax Book Number: 172-226
  • 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
  • Tax Lot: 10
  • Tax Year: 2025
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Current Use: Unimproved
  • Easements: South Side
  • Lot Size Dimensions: 670 x 1270
  • Parcel Number: 18E20S1000001A0H00010
  • Total Acreage: 10 to less than 20
  • Water Access: No
  • Water Extras: No
  • Zoning: RURMH
  • Lot Dimensions: 670 x 1270
Property and Assessments
  • Flood Zone Code: X
  • Public Survey Range: 18E
  • Public Survey Section: 10
Utilities
  • Sewer: Septic Tank
  • Utilities: Other
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Pool: None
  • Pool Private: No
  • Waterfront Feet Total: 0
Interior Features
  • Living Area Units: Square Feet
  • Water View: No

Property History for 6725 South Rainbow Point

DateEvent & SourcePriceAppreciation
Feb 13, 2026

Listed (Active)

MFRMLS #OM718653

$1,100,000—
DateEvent & SourcePrice
02/13/2026

Listed (Active)

MFRMLS #OM718653

$1,100,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6725 South Rainbow Point

Taxable ValueLand$434,700Additions-Total$434,700
Tax Record2025$4,503 ($375 / month)
Home Facts
Beds0Lot Size823,284 SqFtStyleMiscellaneous Vacant LandZoningRURMH RURAL RCountyCITRUSAPN18E-20S-10-1A0H0-001.0

Schools near 6725 South Rainbow Point

This home is within Citrus.
Rating
School
Type
Grades
Distance
Lecanto Primary School
Public - PK to 5
Lecanto Middle School
Public - 6 to 8
Lecanto High School
Public - 9 to 12
Citrus County Renaissance Center
Public - 4 to 12
Rating
School
Distance
Lecanto Primary School
PublicPK to 5

Lecanto Middle School
Public6 to 8

Lecanto High School
Public9 to 12

Citrus County Renaissance Center
Public4 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 6725 South Rainbow Point, Homosassa, FL 34446

6725 South Rainbow Point is a 19.3 ac of land for sale in Homosassa, FL 34446. This property was listed for sale on February 13, 2026 by CENTURY 21 J.W.MORTON R.E., it's currently listed at $1,045,000. This listing's school district is Citrus. Nearby schools include Lecanto Primary School, Lecanto Middle School and Lecanto High School. 6725 South Rainbow Point is a 0-bed, 0-bath, 19.3 ac of land on a 840,708 sq. ft. / 19.3 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CENTURY 21 J.W.MORTON R.E., Elias Kirallah

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the 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 MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 03/20/2026 05:52 PM