1 Acre of Residential Land for Sale in Dunnellon, Florida
SW 54th St, Dunnellon, FL 34431
PREMIUM 1.06-ACRE CORNER LOT | HIGH & DRY | NEAR RAINBOW SPRINGS | READY TO BUILD | RAINBOW LAKES ESTATES Build your dream home on this exceptional 1.06-acre corner lot in the growing community of Rainbow Lakes Estates. Ideally located just minutes from Rainbow Springs State Park, this beautiful homesite is flat, high and dry, and ready for your custom home or future investment. Positioned on a desirable corner with road frontage on two sides, the property offers outstanding design flexibility, easy access, and excellent curb appeal. Electricity is available along both road frontages, helping simplify the building process. One of the biggest advantages of this property is its location. Just a short drive from the crystal-clear waters of Rainbow Springs and the Rainbow River, you'll enjoy kayaking, tubing, swimming, boating, hiking, and some of Florida's most beautiful natural scenery right at your doorstep. The neighborhood continues to experience strong growth, with numerous new custom homes under construction nearby, making this an excellent opportunity for homeowners, builders, and investors looking to purchase in an area with increasing demand. Conveniently located near Dunnellon, shopping, restaurants, medical facilities, golf courses, and outdoor recreation, this oversized homesite offers the perfect combination of privacy, space, and accessibility. Large, buildable corner lots this close to Rainbow Springs are becoming increasingly rare. Whether you're planning to build now or invest for the future, this is an opportunity you won't want to miss.
Location
- Street address
- SW 54th St
- County
- Marion County
- Zip code
- 34431
- Community
- Rainbow Acres
- Elevation
- 93 feet
Directions
From US-41 North, head south on US-41/S Williams St toward Dunnellon. Turn left onto SW 54th Street (look for the street sign at the intersection). Continue on SW 54th Street for approximately 1.2 miles. Turn left onto SE 106th Avenue - the property is located near the corner of SW 54th Street and SE 106th Avenue.
Property details
- Acreage
- 1.06 acres46,174 sq ft
- Zoning
- R1
- MLS #
- MFRMLS TB8411886
- Posted
Property taxes
- 2024
- $223
Parcels
- 1754-000-032
Legal description
SEC 35 TWP 15 RGE 18 PLAT BOOK G PAGE 098 RAINBOW ACRES UNIT 4 BLK 43 E 115 FT LOTS 19-22
Details and features
Listing
- Type
- Land
Lot
- Features
- Buildable, Corner Lot, Level, Oversized Lot, Paved, Rural
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| July 21, 2026 | Price drop | $39,900 | $2,590 -6.1% | MFRMLS |
| June 2, 2026 | Price increase | $42,490 | $5,990 16.4% | MFRMLS |
| May 18, 2026 | Price drop | $36,500 | $1,490 -3.9% | MFRMLS |
| Apr 26, 2026 | Price drop | $37,990 | $1,910 -4.8% | MFRMLS |
| Apr 7, 2026 | Price drop | $39,900 | $5,100 -11.3% | MFRMLS |
| Feb 27, 2026 | Price increase | $45,000 | $2,100 4.9% | MFRMLS |
| Jan 29, 2026 | Price drop | $42,900 | $2,100 -4.7% | MFRMLS |
| Dec 8, 2025 | Price increase | $45,000 | $6,100 15.7% | MFRMLS |
| Oct 23, 2025 | Price drop | $38,900 | $1,000 -2.5% | MFRMLS |
| Sept 18, 2025 | Price drop | $39,900 | $3,000 -7% | MFRMLS |
| July 29, 2025 | New listing | $42,900 | — | MFRMLS |