Preesall could be set for 44 new houses and bungalows.
The plans are for land off Rosemount Avenue and the site would be served by a new 4.8m accessway as well as 70 parking spaces.
There is a clear need for both market and affordable housing
An outline application has been submitted to Wyre Council.
Pedestrian access will also be provided via a walkway to Meadow Avenue.
The site sits within a flood zone according to a flood risk and sequential test, which places it at medium to high probability of flooding.
A planning practice guidance spokesman said: “Development is needed in those areas to sustain the existing community, sites outside them are unlikely to provide reasonable alternatives.”
People living nearby the proposed development were notified on January 7 and so far no letters of objection have been received by the council.
The site is currently a grassy, unused area and 12 of the 44 houses within the plan would be affordable homes.
If accepted, the application would see two one-bedroom bungalows, 10 one-bedroom apartments, 10 three-bedroom bungalows, 13 three-bedroom houses and nine four-bedroom houses built on the site.
The houses are a mixture of apartments, detached, semi-detached and terraced housing, with rear and front gardens.
Daniel Whitney, from Manchester-based agent Mosaic Town Planning said: “The proposed bungalows are likely to be attractive to older people and there is a clear need for both market and affordable housing.
“The benefit is that there will be a contribution to the government’s intention to boost significantly the supply of housing.
“The site is available and deliverable now.
“Therefore, the development will secure the economic benefits of housebuilding which are a key government priority and provide for the significant need for housing which has been identified. Conversely, there are no significant adverse impacts.
“While the site is located in a flood area, so is the majority of the merged settlement.
“The tests done also show there are no sequentially preferable locations reasonably available and suitable for the development in the borough.”