Rainbow Lake Estates Homes for Sale

Discover the possibilities with this approximately 2-acre parcel in Rainbow Lakes Estates! Comprised of two adjoining lots totaling approximately 86,800 square feet, this spacious property offers approximately 280 feet of paved road frontage on SE 131st Terrace. The level, wooded setting provides plenty of room to create your Florida retreat while still enjoying the quiet, rural feel the area is known for. Manufactured homes are permitted per available property information, with well and septic required and power available in the area. No HOA. Conveniently located near Dunnellon with access to outdoor recreation, lakes, parks and the natural beauty of North Central Florida. Whether you’re looking for a future homesite, additional space or land to hold for the future, this is an opportunity to own approximately two acres in Rainbow Lakes Estates. Buyer to verify zoning, permitted uses, utilities, lot dimensions and development requirements with Levy County.

Se 131 Terrace, Dunnellon

Listing courtesy of HIDDEN OAKS REALTY LLC. 352-216-9322

$224,900

5 Beds ⋅ 3 Baths ⋅ TB8524362 MLS

Under contract-accepting backup offers. Back on Market!! Buyer financing fell through. Don't miss your second chance opportunity to own a unique property on nearly 2 acres in Rainbow Lakes Estates! This spacious home offers approximately 1,831 square feet with a versatile layout featuring a 2-bedroom, 2-bath main living area plus a separate 3-bedroom, 1-bath wing/In-law suite—ideal for extended family, multi-generational living, guests, a home office setup, or other flexible living arrangements. The property also includes a new central HVAC system, new roof and the home sits on a buildable double lot, offering outstanding future potential for expansion, investment, or additional development (buyer to verify). While the interior is ready for your personal updates, the combination of acreage, flexible floor plan, and future possibilities makes this property unlike anything else in the area. With nearly 2 acres of land, room for all your toys, and convenient access to Rainbow Springs, the Rainbow River, shopping, and outdoor recreation, this is an exceptional opportunity to create your own private retreat. Properties offering this much space, flexibility, and future potential rarely become available at this price point. May qualify for No money down USDA financing!! Kitchen appliances to be installed before closing. Schedule your tour today!

23162 Sw Neptune Boulevard, Dunnellon

Listing courtesy of KELLER WILLIAMS SUBURBAN TAMPA. murraycoleman@kw.com

$14,000

OM715332 MLS

Build your dream home on this beautiful parcel located in the sought-after community of Rainbow Lakes Estates in Dunnellon, FL. Enjoy country-style living with plenty of space, privacy, and natural surroundings while still being close to everyday conveniences. This area offers endless outdoor activities, including fishing, kayaking, and tubing on the crystal-clear Rainbow River, hiking and nature exploring in Goethe State Forest, and boating on nearby Lake Rousseau. Rainbow Lakes Estates features paved streets, community parks, a clubhouse, play areas, and a lake for resident enjoyment—all with no HOA and a peaceful rural atmosphere. Despite the serene setting, you’re just a short drive to local stores, shops, and restaurants in Dunnellon for easy access to groceries and essentials. Whether you’re looking to build now or invest for the future, this spacious lot offers the perfect opportunity to create your ideal Florida retreat.

00 Nw Narcissus Road, Dunnellon

Listing courtesy of REAL BROKER LLC - OCALA. 855-450-0442

$16,900

OM700500 MLS

Don't miss this opportunity to own a 0.25-acre vacant lot in Dunnellon, Florida. Nestled in the Rainbow Lakes Estates community with no HOA fees, you will be surrounded in a peaceful and scenic area. This high-and-dry parcel offers the perfect setting for your future home or investment property. Enjoy the natural beauty of Marion County with nearby lakes, parks, and outdoor recreational activities including fishing, boating, hiking, and biking. The property is conveniently located just minutes from Rainbow Springs State Park, historic downtown Dunnellon, and within easy driving distance to Ocala. Secure your slice of Florida paradise today!

Lot 15 Nw Hillsdale Avenue, Dunnellon

Listing courtesy of ROBB HARRISON REALTY INC. 352-877-2790

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Rainbow Lake Estates - Dunnellon Florida Homes for Sale

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