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City of New Port Richey·Florida

RFP27-003 Disposition of Property located at 5204 Kapok Dr

Closes 11/12/2026$200k – $300kRequest for Proposal
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Description

The City of New Port Richey is offering a vacant 0.17‑acre residential lot at 5204 Kapok Drive to a qualified buyer who will construct a single‑family home meeting specific design standards. The lot is transferred at no purchase price, but the buyer must begin construction within six months of closing and obtain a Certificate of Occupancy within twelve months, or risk forfeiture and a claim for the property's fair market value. Proposals must include a bid amount (or donation), narrative, conceptual site plan, floor plans, façade elevations, and a detailed development schedule, along with a notarized non‑collusion affidavit.

Attached files

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

Contact

Dave Gammon(Economic Development Department)

[email protected]

(727) 853-1038

Key dates

Opened
10/14/2026
Closes
11/12/2026
Duration
12 months

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
236210
Solicitation №
RFP27-003

Budget estimate

$200,000 – $300,000

Although the City supplies the land at no cost, the buyer will incur all design and construction expenses. Assuming a modest 1,500 sq ft home with a construction cost of $120‑$150 per sq ft, total project cost would be roughly $180,000‑$225,000. If the builder sells the home at market value (≈ $250,000‑$350,000) or retains it for rental income, the net profit could range from $20,000 to $100,000. Hence, a reasonable earnings estimate for the builder is $200,000‑$300,000 inclusive of construction revenue and potential resale profit.

AI estimate from the solicitation

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