Property Attributes
- MLS#TB8524362
- TypeSingle Family
- Listing Status Pending
- CountyMarion
- CityDUNNELLON
- AreaDunnellon
- NeighborhoodRAINBOW LAKE ESTATES
- Zip34431
- StyleSingle Family Residence
- Year Built1967
- Taxes$ 2227
- Price$ 224,900
- Bedrooms5
- Full Bathrooms2
- Half Bathrooms1
- Sqr Footage1831
- Lot Size1.98 Acres
Data Source:
Stellar MLS
Property Description
Under contract-accepting backup offers. Back on Market!! Buyer financing fell through. Don't miss your second chance opportunity to own a unique property on nearly 2 acres in Rainbow Lakes Estates! This spacious home offers approximately 1,831 square feet with a versatile layout featuring a 2-bedroom, 2-bath main living area plus a separate 3-bedroom, 1-bath wing/In-law suite—ideal for extended family, multi-generational living, guests, a home office setup, or other flexible living arrangements. The property also includes a new central HVAC system, new roof and the home sits on a buildable double lot, offering outstanding future potential for expansion, investment, or additional development (buyer to verify). While the interior is ready for your personal updates, the combination of acreage, flexible floor plan, and future possibilities makes this property unlike anything else in the area. With nearly 2 acres of land, room for all your toys, and convenient access to Rainbow Springs, the Rainbow River, shopping, and outdoor recreation, this is an exceptional opportunity to create your own private retreat. Properties offering this much space, flexibility, and future potential rarely become available at this price point. May qualify for No money down USDA financing!! Kitchen appliances to be installed before closing. Schedule your tour today!
| Price History | |
|---|---|
| 7/2/2026 | Listed $224,900 |
General Features
| Sewer | Septic Tank |
|---|---|
| Heating | Central,Electric |
| Cooling | Central Air |
| Utilities | Electricity Connected |
| Possession | Close Of Escrow |
| Roof | Shingle |
| Appliances | None |
| Zoning | R1 |
| Construction Materials | Block,Concrete,Stucco |
| Year Built | 1967 |
| Levels | One |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Ownership | Fee Simple |
| County | Marion |
| New Construction | false |
| Property Type | Residential |
| Subdivision Name | RAINBOW LAKE ESTATES |
| Facing Direction | North |
| Garage Y/N | false |
| Total Rooms | 10 |
| Full Baths | 2 |
| Status | Pending |
| Directions | NORTH ON HWY 41, TURN LEFT ONTO RAINBOW LAKES BLVD, 3.0 MILE TURN RIGHT ONTO SW PERSIMMON LAND JOGCONT ON PERSIMMON LANE, TURN LEFT ONTO SW NEPTUNE BLVD, HOUSE ON SOUTH RIGHT SIDE OF STREET.NO |
| City | DUNNELLON |
| Senior Community Y/N | false |
| MLS Area | 34431 - Dunnellon |
| Lot Size Units | Acres |
| Lot Size Square Feet | 86249 |
| Carport Spaces | 2 |
| Carport Y/N | true |
| Listing Terms | Cash,Conventional,FHA,USDA Loan,VA Loan |
| Land Lease Y/N | false |
| Tax Annual Amount | 2227 |
| Additional Parcels Y/N | false |
| Lease Considered Y/N | true |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/TB8524362 |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active Under Contract |
| Occupancy Type | Vacant |
| Tax Lot | 7 |
| Legal Description | SEC 29 TWP 15 RGE 18 PLAT BOOK F PAGE 148 RAINBOW LAKES ESTATES SEC F BLK 11LOTS 8.9 |
| Minimum Lease | No Minimum |
| Water Access Y/N | false |
| Water View Y/N | false |
| Flood Zone Code | R-4 |
| In Law Suite YN | true |
| In Law Suite Description | 1 Bathroom,2+ Bedrooms |
Interior Features
| Interior Amenities | Other |
|---|---|
| Flooring | Carpet,Ceramic Tile,Laminate |
| Furnished Y/N | Unfurnished |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | false |
| Half Baths | 1 |
| Laundry Features | Inside |
| Total Bedrooms | 5 |
| LivingAreaSource | Public Records |
| Total Baths | 3 |
Exterior Features
| Exterior Amenities | Other |
|---|---|
| Water Source | Well |
| Lot Size Area | 1.98 |
| Foundation Details | Slab |
| Building Area Total | 2164 |
| Lot Size Acres | 1.98 |
| Road Surface Type | Paved |
| Private Pool | false |
| Waterfront Y/N | false |
| Covered Spaces | 2 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Copyright © MFRMLS.com All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated Last updated on September 11, 2026 9:07 PM UTC The listing information on this page last changed on Last updated on September 11, 2026 9:07 PM UTCd. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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.
Updated on September 11, 2026 9:07 PM UTC
Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.
Data Last Updated: September 11, 2026 9:02 PM UTC
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© 2026 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. 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. Information is deemed reliable but not guaranteed.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating