$27,500
Tbd Indian Hill Drive
Dunnellon, FL 34431
Property type
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Welcome to Rainbow Lake Estates in Dunnellon, FL! This spacious 1.06-acre rectangular lot (150' x 307') sits in Non-Flood Zone X—and offers paved road access in a peaceful, wooded setting. It’s a fantastic opportunity to build your custom home in a serene rural environment surrounded by nature. Just a short drive away, you’ll find the clear waters and beauty of Rainbow Springs, where you can enjoy kayaking, swimming, snorkeling, and tubing. Rainbow Springs also features scenic walking trails, camping spots, and a unique waterfall—making Rainbow River a perfect destination for both adventure and relaxation in a stunning natural setting. You’ll also appreciate the easy access to nearby shopping and dining, with Publix and Walmart only 15 minutes away, and Ocala, Florida just a short drive for even more amenities, and entertainment! Rainbow Lake Estates is a growing community of site-built homes with no HOA, giving you the freedom to bring your vision to life.
Local Insight
At $1 per square foot, this is genuinely cheap land in Rainbow Lakes Estate with no HOA restrictions, which appeals to builders or buyers wanting rural flexibility—but at 1.06 acres in Dunnellon, you're looking at a fairly remote location where resale could be slow unless you're developing or already committed to the area. The X flood zone is a major plus for financing and insurance costs, though you'll want to verify utilities are actually accessible to the lot since many parcels in this subdivision require well/septic, which adds significant development costs that aren't reflected in that bargain price.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
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 history190 days on market
- Status: PendingJun 1, 2026
- Listed$28,500Nov 11, 2025
- Price reduced$27,500
Virtual Tour
Facts & features
- Property type
- Land
- Status
- Pending
- Days on market
- 190
- Subdivision
- Rainbow Lakes Estate
- County
- Marion
- Price/sq ft
- $1
- Lot size
- 46,174 sq ft
- Lot category
- 1 to less than 2
- Flood zone
- X
- Annual taxes
- $273 (2025)
- Parcel #
- 1811-001-015
- Zoning
- R1
- MLS #
- A4671016
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Interior Details
- Direction faces
- South
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Cash
- Ownership
- Fee Simple
Exterior & Construction
- Road surface
- Asphalt
Utilities
- Sewer
- None
- Water source
- None
- Utilities
- Electrical Nearby
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Listing Details
- Listing date
- 2025-11-11
- On market date
- 2025-11-11
- Original list price
- $28,500
- MLS area
- 34431 - Dunnellon
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-06-01
- Tax legal description
- SEC 19 TWP 15 RGE 18 PLAT BOOK G PAGE 005 RAINBOW LAKES ESTATES SEC J BLK 1 LOT 15
Flood risk
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
FL 40 WEST to US 41 Turn RT (North) Turn to Left onto SW Rainbow Lakes Blvd to right onto SW Zinnia Ct, turn left onto SW Marine Blvd, Turn right onto Breezy Point Dr. To SW Sands Point Rd to end @ stop sign on INIDAN HILL DR.
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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 1, 2026 at 7:07 AM 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.
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