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Homosassa, Citrus County, FLPermits in Progress (~1 month to County approval)
LuckyRanchTrail
23-Lot Manufactured Home Community
Twenty-three lots, sixteen acres, twenty minutes from Crystal River Beach.
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02 · By the numbers
0residential lots
0acres
0Mprojected net profit, $
03 · Vision
What we're building
Lucky Ranch Trail is a 16.63-acre, 23-lot residential development in Homosassa, Citrus County, twenty minutes from Crystal River Beach and fifty-five minutes from Tampa.
The property is approved for both manufactured homes and built-on-site units, organized as an HOA community with shared maintenance. Densely forested upland (Pine Mesic Oak), Flood Zone X, Candler fine sand soils, no wetlands.
04 · Specifications
The details, end to end.
- Project Type
- 23-Lot Manufactured Home Community
- Land Size
- 16.63 acres (±724,483 SF)
- Average Lot Size
- ~0.50 acres (±21,780 SF)
- Density
- ~1.4 units/acre
- Zoning
- Residential - Manufactured & Site-Built Allowed
- Future Land Use
- Residential
- Flood Zone
- X (Minimal Flood Risk)
- Soil
- Candler fine sand
- Parcel ID
- 18E19S07-4200
- Section/Township/Range
- Section 7, Township 19 South, Range 18 East
- Coordinates
- 28° 50' 33.34"N / 82° 31' 41.96"W
- Project Planning
- Innova Land and Development Planning
Site
Where it sits.
Homosassa, Citrus County, FL28.8426°N · -82.5283°W
Site plan
satelliteHow the parcel breaks down.
Gallery
See it.
Where we are
Entitlement & status.
- Aug 2024Boundary & topographic surveyAug 2024
- Oct 2024Environmental studyOct 2024
- Oct 30, 2024Ecological survey (protected species)AES — 100% survey, no occupied gopher tortoise burrows, no eagle nest impactOct 30, 2024
- CompleteSWPPP approvalComplete
- In progressGeotechnical reportSubmittedIn progress
- In progressSite plan reviewSubmitted, in reviewIn progress
- PendingCounty construction permit~1 month to approvalPending
- PendingVertical constructionPending
Market highlights
Why this market.
- 0120 minutes from Crystal River Beach
- 0255 minutes from Tampa
- 03Adjacent to Lecanto
- 04Citrus County residential demand growth
- 05Gulf-coast lifestyle within commuter range of Tampa
Amenities
What investors are funding.
- 23 individually titled residential lots
- HOA community with shared maintenance
- Manufactured and built-on-site units permitted
- Four manufactured home model options (52'-64' lengths)
- Adjacent to W. Homosassa Trail and S. Rock Crusher Road
Sustainability
Built for the next thirty years.
- Pine Mesic Oak upland habitat
- No wetlands identified
- On-site stormwater system per SWPPP
- Individual septic systems per lot
Documents
Read what we read.
- Revised PDF Plan Set with SWPPP ApprovalFull plan set including SWPPP approvalView document
- Boundary & Topographic SurveyR.M. Barrineau, August 2024 (2 sheets)View document
- AES Protected Species SurveyAtlantic Ecological Services, October 2024 - 100% survey, no occupied gopher tortoise burrows, no eagle nest impactView document
- Site Development PlansMAI Engineering site development plansView document
- Unit Floor Plans and ElevationsFour model options with floor plans and exterior renderingsView document
Financials
The math.
Project Costs (Per-Unit Basis)
- Land (with studies & permit in process): $795,000
- Infrastructure (Average): $500,000
- Average Investment per Unit: $150,000
- Average Impact Fee & Permit Cost per Unit: $8,000
- Average Investment per Unit (All-In): $214,100
- Total Average Project Cost: $4,924,300
Projected Returns
- Average Sale Price per Unit: $275,000
- Less: Commission & Closing per Unit: ($14,000)
- Net Sale per Unit: $261,000
- Net Average Profit per Unit: $46,900
- Total Average Project Net Profit: $1,078,700
Entitlement Status
- Site Plan: Submitted (in review)
- Topographic & Boundary Surveys: Complete (Aug 2024)
- Environmental Study: Complete (Oct 2024)
- Geotechnical Report: Submitted
- Ecological Survey: Complete (Oct 30, 2024)
- SWPPP: Approved
- County Construction Permit: Pending (~1 month)