0000 SW RAINELLE ROAD, Dunnellon, FL, 34431 | $21,000

Under contract-accepting backup offers. 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 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!

Features

  • Lot Size: 338
  • View: City
  • MLS#: OM721548
  • Days on Market: 10 days
  • Website: https://www.raveis.com
    /prop/OM721548/0000swrainelleroad_dunnellon_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/25/2026 4:34:08 PM)
Listing courtesy of EXP REALTY LLC   Phone: 888-883-8509

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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0000 SW RAINELLE ROAD, Dunnellon, FL, 34431

$21,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $16,800 $16,800 $16,800
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.490% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.474% 6.640% 5.972%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $103 $106 $140
Total Monthly Payment $178 $181 $215

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.