0000 SE 116TH LANE
Dunnellon, FL, 34431 $ 24,500
Baths0.0 Monthly Estimate*
$ 151
Studio for $24,500. The lot size is 1.05.
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 BACKS UP TO A MASSIVE 50+ ACRE PROPERTY offering rare privacy. 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!
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FeaturesGeneralSewer Septic Tank
Utilities Electricity Available
Zoning VAC RES
View City
Tax Year 2025
Current Use Residential
Ownership Other
County Levy
Property Type Land
Status Active
Directions Continue onto US-41 S/SW 7 St Turn right onto FL-121 S Turn left onto SE Co Rd 337 Turn left onto SE 114th Pl Turn right onto SE 136th Terrace SE 116th is in your front.
City DUNNELLON
MLS Area 34431 - Dunnellon
Lot Size Units Acres
Lot Size Square Feet 45738
Listing Terms Cash
Tax Annual Amount 258.46
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/OM721566
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Legal Description 24-15-17 RAINBOW LAKES EST BLK 10 LOT 24 OR BOOK 802 PAGE 694
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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ExteriorWater Source Well
Lot Size Area 1.05
Lot Dimensions 326
Lot Size Acres 1.05
Road Surface Type Paved
Waterfront Y/N false
Road Frontage Type County Road
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* Excluded FeaturesList ByElaineRDavis@RealTeamRealtor.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $151
- Monthly Property Taxes
- $22
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Dunnellon, FL
Average List Price $124,954
Percent of Sale Price 410%
About Dunnellon, FL 1,852 Population
0% Since 2002
$ 28,078 Median Income
54.89 Median Age
13% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/2/2026 | $24,500 | | Listed Price |