Land with Home for Sale in Dunnellon, Florida

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!