
1 Acre of Residential Land for Sale in Dunnellon, Florida
SE 116th Ln, Dunnellon, FL 34431
Escape to your own slice of Old Florida charm with this over an acre, affordable, and ready-to-build homesite in the peaceful community of Rainbow Lakes Estates! This parcel offers BACKS UP TO A MASSIVE 50+ ACRE PROPERTY offering rare privacy. The perfect opportunity to create your dream retreat, investment property, or future homestead—all with no HOA, no CDD, and no time limit to build, giving you complete flexibility to design on your timeline. This parcel is on a quiet street with new construction emerging and electric available. Surrounded by some of Florida’s most breathtaking natural attractions, this location is a true haven for outdoor enthusiasts. Just minutes away, you’ll find the world-famous Rainbow Springs State Park, known for its crystal-clear waters, tubing, kayaking, and lush walking trails. Spend your days exploring trails, swimming in pristine springs, or enjoying peaceful picnics under the canopy of mature oaks. Adventure continues nearby at the scenic Withlacoochee River, where boating, fishing, and kayaking are part of everyday life. Looking for even more to explore? You’re also within reach of the Gulf via Dunnellon and Crystal River, offering saltwater fishing, scalloping, and unforgettable sunset views. For land lovers and thrill seekers, this area delivers—endless dirt roads and nearby trail systems make it perfect for ATV riding, dirt biking, hiking, and horseback adventures. Nature preserves and forested areas surround you, creating a peaceful yet active lifestyle that’s hard to find at this price point. And speaking of value—this is where opportunity truly shines. Rainbow Lakes Estates is known for its affordability and growth potential, making it ideal for both long-term investors and buyers looking to secure land in a rapidly appreciating part of Florida. With plenty of space for your vision and minimal restrictions, the possibilities here are wide open. Enjoy quiet, rural living while still being a short drive to Dunnellon, Ocala, Crystal River, and the Gulf Coast—giving you the perfect balance of privacy and convenience. Whether you're planning your future build, creating a weekend escape, or investing in Florida land, this property checks every box. Drive by today and start envisioning your Real Life Paradise!
Location
- Street address
- SE 116th Ln
- County
- Levy County
- Elevation
- 95 feet
Directions
Continue onto US-41 S/SW 7 St, Turn right onto FL-121 S, Turn left onto SE Co Rd 337, Turn left onto SE 114th Pl, Turn right onto SE 136th Terrace, SE 116th is in your front.
Property details
- Acreage
- 1.05 acres
- Zoning
- VAC RES
- MLS #
- MFRMLS OM721566
- Posted
Property taxes
- 2025
- $258
Parcels
- 2415170683302000
Legal description
24-15-17 RAINBOW LAKES EST BLK 10 LOT 24 OR BOOK 802 PAGE 694
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Apr 2, 2026 | New listing | $24,500 | — | MFRMLS |




















