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  5. ›NOTICE OF DISPOSITION OF APPROXIMATELY .49 ACRES OF REAL PROPERTY W…

City of New Port Richey·Florida

NOTICE OF DISPOSITION OF APPROXIMATELY .49 ACRES OF REAL PROPERTY WITHIN THE CITY OF NEW PORT RICHEY LOCATED AT SOUTHEAST CORNER OF HILLS DRIVE, NEW PORT RICHEY, FLORIDA 34653

Closes 9/10/2026$200k – $400kRequest for Proposal
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Description

The City of New Port Richey is offering approximately 0.49 acre of vacant land for private development of two single‑family homes. Bidders must submit a sealed proposal that includes a bid amount, narrative intent, conceptual site plan, floor plans, facade concepts, and a development schedule. The minimum bid is $100,744; the winning developer must commence construction within six months of purchase and obtain Certificates of Occupancy for both parcels within 12 months, earning a $10,000 refund if successful. The project requires at least 1,500 sq ft livable space, three bedrooms, two bathrooms, an attached garage, a 100 sq ft covered porch, a 6‑ft vinyl fence, stucco or composite siding, and landscaping equal to 1 % of lot area. Architectural features are preferred but not required. • Minimum building specifications and site‑development requirements are explicitly defined. • Bid submission includes both hard copies and an electronic USB copy, with a strict deadline of September 10, 2026 2 PM. • The city will refund $10,000 if the developer secures occupancy certificates within the stipulated 12‑month window, providing an incentive for rapid completion.

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
531110
Solicitation №
RFP-26-038-0-2026/HG

Budget estimate

$200,000 – $400,000

The city’s minimum bid is $100,744, but the developer will likely earn revenue from the sale or rental of the two homes built on the parcels. Assuming modest construction costs of $150,000–$200,000 per home and a market resale value of $250,000–$350,000 per home, the net profit could range from roughly $200,000 to $400,000 after accounting for construction, permitting, and contingency costs. The $10,000 occupancy refund provides a small additional incentive.

AI estimate from the solicitation

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