1 / 14

$42,490

54th Street

Dunnellon, FL 34431

Listing updated: June 2, 2026 at 2:05 PM ET

Active

Listing courtesy of Star Bay Realty Corp. · Marcus De Matos, PA · MLS #TB8411886 · Active · 813-533-6467

Baths

1.06

Acres

◆1.06 acres◆$1/sqft◆360° tour

Land

Property type

46,174 sqft

Lot size

Price / sq ft

No HOA

HOA dues

308

Days on market

Flood zone

About this home

**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.

Estimated monthly payment

Principal & interest$215

Property taxes$19

Home insurance (est.)$19

Down payment

20%

$8,498 downRate

6.5%

Term

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history308 days on market

Status: Active
Jul 29, 2025
Listed$42,900
Jul 29, 2025
Price reduced$42,490

Facts & features

Property type: Land
Status: Active
Days on market: 308
Subdivision: Rainbow Acres
County: Marion
Price/sq ft: $1
Lot size: 46,174 sq ft
Lot category: 1 to less than 2
Flood zone: X (12083C0465D)
Annual taxes: $223 (2024)
Parcel #: 1754-000-032
Zoning: R1
MLS #: TB8411886

Ask about this home

Have a question? Ask the broker directly.

Ryan Solberg answers personally — no call center, no spam. Your question goes straight to him.

Interior Details

Direction faces: East

HOA & Financial

Total monthly fees: $0/mo
Total annual fees: $0
Listing terms: Cash, Conventional
Ownership: Fee Simple

Exterior & Construction

Road surface: Asphalt

Utilities

Sewer: None
Water source: None
Utilities: BB/HS Internet Capable, Electrical Nearby, Phone Available

Listing Details

Listing date: 2025-07-29
On market date: 2025-07-29
Original list price: $42,900
MLS area: 34431 - Dunnellon
Listing AOR: Suncoast Tampa
Status changed: 2025-07-29
Tax 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

Flood risk

Minimal riskFEMA Zone XPanel 12083C0465D

Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

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.

More homes like this

Active

$38,000

0 Sw 207th Ct

Dunnellon, FL 34431

0.96 acres

Rainbow Acres

MLS ID #OM723901, COLDWELL BANKER ELLISON REALTY O.

Listing provided by Stellar MLS

Active

$43,000

Sw 207th Ct

Dunnellon, FL 34431

0.96 acres

Rainbow Acres

MLS ID #OM720809, RE/MAX FOXFIRE - HWY200/103 S.

Listing provided by Stellar MLS

Active360°

$55,000

20865 Sw 70th St

Dunnellon, FL 34431

0.92 acres

Rainbow Acres

MLS ID #OM723435, COLDWELL BANKER RIVERLAND RLTY.

Listing provided by Stellar MLS

ActiveSingle Family Residence360°

$305,000

6411 Sw 204 Ave

Dunnellon, FL 34431

3 bd · 2 ba · 1,629 sqft

Rainbow Acres

MLS ID #A4691378, COMPASS FLORIDA LLC.

Listing provided by Stellar MLS

Call Schedule a tour

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively 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.

Based on information submitted to the MLS GRID as of June 2, 2026 at 2:05 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA