Rainbow Lakes Estate Homes with Lake Front Water Frontage

Rainbow Lakes Estate Homes with Lake Front Water Frontage

Welcome to Rainbow Lakes Estate, a hidden gem nestled in the picturesque city of Dunnellon, Florida. This enchanting subdivision offers a unique blend of serene living and vibrant community spirit, making it an ideal destination for those seeking a tranquil lifestyle surrounded by nature's beauty.

Rainbow Lakes Estate is renowned for its stunning homes with lakefront properties, providing residents with breathtaking views and direct access to shimmering waters. Imagine waking up each morning to the gentle sounds of rippling water and the sight of sun-kissed lakes, perfect for fishing, kayaking, or simply enjoying a peaceful afternoon by the shore. Each home is thoughtfully designed to maximize the stunning lake views, ensuring that you can savor the beauty of your surroundings from the comfort of your own living room.

The community itself is a haven for outdoor enthusiasts, with numerous parks, trails, and recreational areas just a stone's throw away. Whether you’re looking to explore the lush landscapes or engage in community events, Rainbow Lakes Estate fosters a close-knit atmosphere where neighbors become friends.

Conveniently located near the charming downtown Dunnellon, residents enjoy easy access to local shops, dining, and cultural attractions. With its perfect blend of natural beauty, modern amenities, and a welcoming community, Rainbow Lakes Estate is more than just a place to live; it’s a lifestyle choice that promises peace, adventure, and a genuine sense of belonging. Come discover your dream home in this idyllic lakeside paradise!

Newest Rainbow Lakes Estate Homes with Lake Front Water Frontage

$374,900
4 Beds ⋅ 2 Baths ⋅ Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
PRICE IMPROVEMENT! Don't settle for cookie cutter! Lakefront · 4 bed / 2 bath · 1,900 sq ft · No HOA · Rainbow Lakes Estates Welcome to a one-of-a-kind lakefront retreat in the heart of Rainbow Lakes Estates — where character, privacy, and modern comfort come together on nearly an acre of stunning natural landscape. This fully updated and remodeled 4-bedroom, 2-bath home offers 1,900 sq ft of thoughtfully designed living space with no HOA, no water bill, and no sewer bill thanks to a private well and septic system. Step inside and immediately notice the luxury vinyl plank flooring throughout — no carpet in sight. The spacious main living area is flooded with natural light and features sliding glass doors that open to a large back deck overlooking a breathtaking backyard of towering ancient oak trees, lush forest, and tranquil lakefront views (** note that the lake is much lower than normal due to temporary drought conditions). Whether you're sipping your morning coffee or entertaining at sunset, this backdrop never gets old. The kitchen is a chef's dream — recessed lighting, a large island, custom granite countertops, and stainless steel appliances all in an open, airy layout designed for both function and style. The oversized primary bedroom features a generous walk-in closet and a spa-worthy en suite with a freestanding soaking tub, separate shower, and double sink vanity. When it's time to unwind, retreat to the screened-in lanai with a ceiling fan — perfect for cool evenings and warm summer nights alike. And for the hobbyist, crafter, or entertainer: don't miss the massive 12×40 ft shed built in 2025, complete with a loft, electricity, lighting, and ceiling fans. Man cave, she shed, studio, workshop — you decide. Major systems are move-in ready: new roof (2024), newer AC unit, and newer hot water heater give you peace of mind from day one. The 2-car garage rounds out the practicality this property delivers at every turn. Life in Rainbow Lakes Estates means access to two lakes with boat ramps and a fishing pier, two community parks with playgrounds, a community gym, gazebo, community center, baseball field, and racquetball and tennis courts — all in a neighborhood that's growing fast. Tucked against the Goethe State Forest with a true rural feel, you're still just minutes from Ocala, Gainesville, and Crystal River, and only 10 minutes from the world-famous Rainbow River and Rainbow Springs State Park. The unspoiled Nature Coast of the Gulf is also within easy reach- a dream if you love fishing, boating, kayaking, or just catching amazing sunsets.

3512 Sw Shorewood Drive, Dunnellon
$11,900
Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Peaceful Living in Rainbow Lakes Estates! Build your dream home on this beautiful lot located in the quiet community of Rainbow Lakes Estates in Dunnellon, Florida. Enjoy deeded access to a private community lake, perfect for peaceful afternoons of fishing, kayaking, or simply soaking in nature. This spacious home site offers a country feel with no HOA, paved roads, and electricity nearby. Experience privacy and natural beauty while still being a manageable drive from Dunnellon's shops, restaurants, and the stunning Rainbow Springs State Park. If you're looking for tranquility and room to breathe, this is it!

00 South Haven Court, Dunnellon
$59,900
Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
BEAUTIFUL WATERFRONT HOMESITE. Build your dream home on this .64 acre lakefront lot on scenic Lake Bonable in Rainbow Lakes Estates, Dunnellon. Imagine yourself waking up every morning greeted by a picturesque view of a calm body of water glistening in the morning sunshine as you look outside the window of your kitchen or as you sip your cup of coffee at your patio overlooking the placid lake. It is an ideal homesite for your forever home, vacation home or income generating Airbnb project. Enjoy the privacy and serenity of country style living in this quiet and established neighborhood. Build your own private boat ramp and enjoy boating and fishing on the big lake which connects to Tiger Lake. Or you can access either of the two boat ramps available on Lake Bonable and Tiger Lake for area residents. The lot is conveniently located about 1 mile from the Community Center which has its own clubhouse, youth center, kids playground, basketball court, tennis court, gazebo, lake view deck and fishing pier. It is at the dead end of Shorewood Drive. Easy to clear lot. Paved roads. No HOA. Zoned R-1 for site built homes only, no mobile homes. It is a perfect getaway from the hustle and bustle of city life yet still close to city amenities. Its an easy drive to downtown Dunellon and the cities of Crystal River, Ocala, and Gainesville. Outdoor enthusiasts would love its proximity to the beautiful Rainbow Springs State Park which offers great outdoor activities like canoeing, kayaking, tubing, swimming, snorkeling and picnic. For equine enthusiasts, the World Equestrian Center is just minutes away. Ready to build your new home now? Inquire about our partner builders who can provide you different home models, floor plans and price ranges to choose from. PROPERTY IS ELIGIBLE FOR A NO DOWNPAYMENT NEW CONSTRUCTION LOAN.

Lots 11.12 Sw Shorewood Drive, Dunnellon
$204,000
2 Beds ⋅ 2 Baths ⋅ Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Peaceful Florida living awaits in sought-after Rainbow Lakes Estates! This beautifully updated 2-bedroom, 2-bath block home offers approximately 1,200 sq ft of comfortable living space on a spacious property in Dunnellon. Extensively remodeled, updates include fresh interior and exterior paint, laminate flooring throughout, new A/C with new duct-work, stainless steel appliances, water heater, energy-efficient windows, and custom blinds as well. Metal roof was replaced in 2008 leaving plenty of life left. Inside, you’ll find a bright and inviting layout with a generously sized primary suite designed for relaxation that you could also split into multiple rooms, with lots of potential in this primary suite. The sun-room, also known as the Florida room, overlooks the large shaded backyard, creating the perfect space for morning coffee or unwinding at the end of the day. Step outside to enjoy a completely fenced in backyard with peaceful natural surroundings, along with an empty chicken coup ready for your chickens or animals, plus a large workshop/storage shed with electricity and a nice picnic table...ideal for hobbies, entertaining, or extra storage. Rainbow Lakes Estates offers an incredible lifestyle with access to multiple lakes (with Lake Bonable being walking distance), fishing pier, parks, playgrounds, forests, walking trails, horse trails, tennis and basketball courts, and community spaces. Conveniently located near Rainbow Springs State Park, the Rainbow River, and the Withlacoochee River, you’ll enjoy endless opportunities for outdoor recreation. No HOA and plenty of room to enjoy the Florida lifestyle, schedule your private showing today!

24270 Sw Shorewood Drive N, Dunnellon
$29,900
Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Build your dream home on this beautiful .59-acre waterfront lot on Tiger Lake in Dunnellon, Florida! Offering peaceful lake views and a serene natural setting, this property provides the perfect opportunity to create your own private retreat. With no HOA and no deed restrictions, you have the freedom to design and build a single-family residence that fits your vision—whether it’s a full-time residence or a weekend getaway. Enjoy the best of Florida living with space, privacy, and direct waterfront access, all while being just a short drive to local shopping, dining, and outdoor recreation. Opportunities like this don’t come often—secure your slice of lakefront paradise today!

TBD Sw Shorewood Drive, Dunnellon
$95,000
Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Discover the great setting for your dream home on this expansive corner lot spanning over one acre, featuring serene lake views and full access to the exceptional amenities of the Rainbow Lakes Estates Community. This hidden gem offers access to multiple nearby lakes, a vibrant community center with ongoing activities and events, a fitness center, and beautifully maintained parks and recreation areas. Located in a non-flood zone and zoned for single-family residential, this premium homesite provides both peace of mind and flexibility in design. Enjoy the tranquility of community living while being just minutes from the crystal-clear waters of Rainbow Springs State Park and the Rainbow River, convenient local shopping and dining in Dunnellon, and an easy drive to Ocala for additional amenities. An outstanding opportunity to build a private retreat in one of the area's most desirable and amenity-rich communities.

Sw Shorewood Drive, Dunnellon
$29,500
Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
One acre lot in the northern part of Rainbow Lakes, no HOA, access to two lakes. Play ground, club house, after you build your dream home you can bring your boats and RV's , and build a barn or detached garage.

lot 13 Nw Geranium Avenue, Dunnellon
$45,900
Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Lake Lot 75x142 ft high and dry wooded lot flood zone X, and then another 300 ft wooded dry land flood zone A to get to the water level. The lake level is about half way now. I have seen it higher and lower, over the past 35 years. Pictures take from a helicopter many years ago of Lake Bonable and connecting Tiger Lake. Owner financing.

Lot 53 Sw Shorewood Drive, Dunnellon
$17,900
Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Rainbow Lakes Estates" High & Dry VERY NICE level ¼ Acre lot. Three lakes for boating, fishing, and the Rainbow Springs State Park is just a short drive away where you can enjoy nature walks among the mature azaleas, bird watching, kayaking and swimming at the head of this pristine first magnitude spring, starting the Rainbow River. 12 miles from the historic and beautiful "Rainbow River" town of Dunnellon. Nearby amenities that will be attracting those looking to move out of overcrowded suburbia: 26 miles to the fabulous World Equestrian Center. 25 miles to beautiful Yankee town and the Gulf of Mexico. About 2 hours to Tampa or Orlando, the community boasts a boat ramp, community center, park & playground. NO HOA FEES. Only Site Built Homes are allowed. NO MOBILE HOMES

LOT 21 Sw Rainbow Lakes Boulevard, Dunnellon
$19,900
Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Rainbow Lakes Estates" High & Dry VERY NICE level and cleared 1/4 Acre lot. Three lakes for boating, fishing, and the Rainbow Springs State Park is just a short drive away where you can enjoy nature walks among the mature azaleas, bird watching, kayaking and swimming at the head of this pristine first magnitude spring, starting the Rainbow River. 12 miles from the historic and beautiful "Rainbow River" town of Dunnellon. Nearby amenities that will be attracting those looking to move out of overcrowded suburbia: 26 miles to the fabulous World Equestrian Center. 25 miles to beautiful Yankee town and the Gulf of Mexico. About 2 hours to Tampa or Orlando, the community boasts a boat ramp, community center, park & playground. NO HOA FEES. Only Site Built Homes are allowed. NO MOBILE HOMES

Lot 22 Sw Rainbow Lakes Boulevard, Dunnellon
$39,900
Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Rainbow Lakes Estates" High & Dry VERY NICE WOODED 1.03 Acre lot, that backs up to a farm. Three lakes for boating, fishing, and the Rainbow Springs State Park is just a short drive away where you can enjoy nature walks among the mature azaleas, bird watching, kayaking and swimming at the head of this pristine first magnitude spring, starting the Rainbow River. 12 miles from the historic and beautiful "Rainbow River" town of Dunnellon. Nearby amenities that will be attracting those looking to move out of overcrowded suburbia: 26 miles to the fabulous World Equestrian Center. 25 miles to beautiful Yankee town and the Gulf of Mexico. About 2 hours to Tampa or Orlando, the community boasts a boat ramp, community center, park & playground. NO HOA FEES. Only Site Built Homes are allowed. NO MOBILE HOMES

Lot 27 Sw Pine Bluffs Road, Dunnellon
$19,900
Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Rainbow Lakes Estates" High & Dry VERY NICE WOODED ¼ Acre lot. County water in front of the lot. Three lakes for boating, fishing, and the Rainbow Springs State Park is just a short drive away where you can enjoy nature walks among the mature azaleas, bird watching, kayaking and swimming at the head of this pristine first magnitude spring, starting the Rainbow River. 12 miles from the historic and beautiful "Rainbow River" town of Dunnellon. Nearby amenities that will be attracting those looking to move out of overcrowded suburbia: 26 miles to the fabulous World Equestrian Center. 25 miles to beautiful Yankee town and the Gulf of Mexico. About 2 hours to Tampa or Orlando, the community boasts a boat ramp, community center, park & playground. NO HOA FEES. Only Site Built Homes are allowed. NO MOBILE HOMES

Lot 13 Sw Rainbow Lakes Boulevard, Dunnellon
Start Your Search