1 Acre of Residential Land for Sale in Dunnellon, Florida
SW 54th St, Dunnellon, FL 34431
PREMIUM 1.06-ACRE CORNER LOT IN RAINBOW LAKES ESTATES – PRICE REDUCED!
Exceptional opportunity to own one of the most desirable buildable lots in Rainbow Lakes Estates. This expansive 1.06-acre corner parcel at SW 54th Street & SE 106th Avenue is level, high and dry, and ready for development. With electricity available on both road frontages, this property offers flexibility and convenience for your custom home, spec build, or long-term investment.
Located in a rapidly growing area with substantial new construction activity, this neighborhood continues to attract buyers seeking larger homesites and modern residences. The surrounding market has experienced strong appreciation, making this an excellent opportunity for builders, investors, and future homeowners alike.
Enjoy a prime location just minutes from Rainbow Springs State Park, Rainbow River, Rainbow’s End Golf Club, shopping, dining, and outdoor recreation. Large corner lots with this combination of size, location, and buildability are becoming increasingly difficult to find.
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
Resources
Details and features
Listing
- Type
- Land
Exterior
- Features
- Corner Lot, Level, Paved
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| 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 |