Pinellas County developers and investors! This is a rare opportunity to acquire a 4.75 acre approved residential development site at 1276 S Belcher Rd in a prime Clearwater location. The City of Clearwater has approved plating for a 12 lot single family subdivision with lot sizes ranging from approximately 5,500 to 9,760 square feet, with the ability to phase construction by building the first 9 homes while retaining the existing income producing residence. Removal of the existing home will allow for completion of the final 3 lots. The property currently generates $3,350/month in rental income with a lease in place through October 2026, helping offset holding costs including taxes, insurance, and landscaping during development of the first 9 homes. Located in a non flood, non evacuation zone with no existing HOA, the new owner has full control over community design and guidelines. The site features a 3/4 acre pond believed to be spring fed and connected to Allens Creek. The existing home is well maintained with spacious living areas, large bedrooms, a split floor plan, sunroom, and a separate mother in law suite, enhancing its rental appeal. The location offers exceptional connectivity with immediate access to SR 60 and just minutes to US 19, providing easy access to Tampa, St. Petersburg, and major employment hubs. St. Pete Clearwater International Airport is approximately 6 miles away, with Tampa International Airport about 20 minutes away, and shopping, dining, beautiful beaches, and daily conveniences nearby. A unique, income producing development opportunity with an approved path to 12 single family homes in a prime Clearwater corridor.