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 Allen's 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.