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  5. ›NOTICE OF DISPOSITION OF APPROXIMATELY .17 ACRES OF REAL PROPERTY W…

City of New Port Richey·Florida

NOTICE OF DISPOSITION OF APPROXIMATELY .17 ACRES OF REAL PROPERTY WITHIN THE CITY OF NEW PORT RICHEY LOCATED AT 5204 KAPOK DRIVE, NEW PORT RICHEY, FLORIDA 34652

Closes 9/10/2026$50k – $100kRequest for Proposal
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Description

The City of New Port Richey is selling a 0.17‑acre vacant parcel and seeks a developer to construct a single‑family residence that meets defined minimum standards. Bidders must submit a monetary offer, narrative intent, conceptual site and floor plans, façade concepts, and a development schedule. The minimum acceptable bid is $34,626, and the successful bidder must begin construction within six months of purchase and obtain a Certificate of Occupancy within twelve months to qualify for a $5,000 refund. Failure to meet the construction start deadline may result in forfeiture of the land. • Minimum home: ≥1,500 sq ft, 3 bed/2 bath, 1‑car garage, 100 sq ft porch, vinyl fence, stucco/composite siding, landscaping ≥1 % of lot. • Submission package: bid amount, project narrative, site plan, floor plans, façade concepts, timeline. • Timeline incentives: $5,000 refund if CO obtained within 12 months; covenant to begin construction within 6 months or risk land forfeiture.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Helen Gayda(Accounts Payable)

[email protected]

Key dates

Opened
8/6/2026
Closes
9/10/2026
Duration
12 months

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
236115
Solicitation №
RFP-26-036-0-2026/HG

Budget estimate

$50,000 – $100,000

While the city only pays a $5,000 refund for timely completion, the developer’s primary revenue comes from selling the completed home. Assuming a modest construction cost of roughly $150 per square foot (~$225,000 for a 1,500 sq ft home) and a market resale value of $300,000–$350,000, the net profit could range between $50,000 and $100,000 after accounting for land acquisition, construction, permits, and soft costs. The $5,000 city incentive marginally improves the low‑end profit.

AI estimate from the solicitation

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