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  5. ›NOTICE OF DISPOSITION OF APPROXIMATELY .12 ACRES OF REAL PROPERTY W…

City of New Port Richey·Florida

NOTICE OF DISPOSITION OF APPROXIMATELY .12 ACRES OF REAL PROPERTY WITHIN THE CITY OF NEW PORT RICHEY LOCATED AT 5031 SCHOOL ROAD, NEW PORT RICHEY, FLORIDA 34653

Closes 9/10/2026$34k – $100kRequest for Proposal
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Description

The City of New Port Richey is offering a .12‑acre parcel (Parcel No. 09‑26‑16‑019A‑00000‑1870) for private development of a single‑family residence that meets specific minimum standards. Interested parties must submit a sealed proposal that includes a bid amount, narrative intent, conceptual site plan, floor plans, façade concepts, and a development schedule. The minimum acceptable bid is $33,846; the buyer must commence construction within six months of purchase and obtain a Certificate of Occupancy within twelve months, qualifying for a $5,000 refund from the city. • Minimum required dwelling: 1,500 sq ft, 3 bedrooms, 2 bathrooms, 1‑car garage • Additional requirements: 100 sq ft covered front porch, 6 ft vinyl fence, stucco/composite siding, landscaping ≥1 % of lot area • Financial incentives: $5,000 refund if CO is achieved within 12 months; covenant to start construction within 6 months, with possible forfeiture if not met.

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
236117
Solicitation №
RFP-26-037-0-2026/HG

Budget estimate

$33,846 – $100,000

No explicit contract value is disclosed; the city’s minimum acceptable bid is $33,846, which represents the lowest price a developer could pay to acquire the land. Developers typically aim for a profit margin of 20‑30 % on such residential projects, suggesting a sale‑price target of roughly $40‑50 k for modest builds, while larger or higher‑end designs could fetch $80‑100 k. Therefore, a realistic budget range for the developer (sale price minus costs) is estimated between $35 k and $100 k, depending on design, construction efficiency, and any additional incentives earned (e.g., the $5 k CO refund).

AI estimate from the solicitation

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