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 heart of Dunnellon, Florida. This charming subdivision offers a unique blend of natural beauty and tranquil living, making it an ideal choice for those seeking a serene lifestyle surrounded by stunning landscapes and vibrant wildlife.

One of the standout features of Rainbow Lakes Estate is its picturesque lakefront properties. Imagine waking up each morning to the gentle lapping of water and the soft sounds of nature. Many homes in this community boast direct lakefront access, allowing residents to enjoy a range of outdoor activities right from their backyards. Whether you’re fishing, kayaking, or simply soaking in the sun, life by the water is both relaxing and invigorating.

The homes in Rainbow Lakes Estate are thoughtfully designed, showcasing a variety of architectural styles that cater to diverse tastes. From cozy retreats to spacious family homes, there’s something for everyone in this welcoming community. Each property is surrounded by lush greenery and mature trees, providing a sense of privacy and seclusion while still being part of a friendly neighborhood.

Dunnellon itself is a vibrant city known for its rich history and outdoor recreational opportunities. With nearby access to the Rainbow River and the Withlacoochee State Trail, residents can indulge in hiking, biking, and water sports, making it a haven for nature enthusiasts.

Discover the charm of Rainbow Lakes Estate, where lakefront living meets the beauty of Florida’s natural landscape. Your dream home awaits!

Newest Rainbow Lakes Estate Homes with Lake Front Water Frontage

TBD Sw Shorewood Drive, 503.504, Dunnellon
$39,950
Rainbow Lakes Estate SubDv. ⋅ 34432 Zip Code
LAKEFRONT LIVING ON BONABLE LAKE! YOUR OWN PIECE OF PARADISE IN RAINBOW LAKES ESTATES! Imagine building your dream home overlooking the peaceful waters of Bonable Lake, part of the beautiful chain of lakes that includes Tiger Lake, in Rainbow Lakes Estates in Dunnellon, Florida! This 0.29-acre lakefront lot offers a wonderful opportunity to enjoy the beauty of nature, peaceful country living, and the convenience of nearby amenities. AND WAIT UNTIL YOU SEE THE LOCATION! Situated on SW Shorewood Drive, this property is the second-to-last lot on the road, giving it an almost cul-de-sac feel with minimal through traffic. Imagine relaxing with your morning coffee, enjoying the lake views, watching the wildlife, and coming home to your own little piece of Florida paradise! Zoned R-1 for site-built homes and located in Flood Zone X, the property features paved road access, electricity nearby, and NO HOA FEES! Here's your opportunity to build the home you've always wanted in a quiet, established community. Rainbow Lakes Estates offers an impressive variety of recreational amenities, including community lakes, fishing piers, boat ramps, parks, playgrounds, tennis and basketball courts, shuffleboard, a clubhouse, community center, youth center, and more! Whether you enjoy fishing, boating, outdoor recreation, or simply relaxing in the great outdoors, there's something here for everyone. And while you'll feel tucked away from the hustle and bustle, you're still conveniently located near historic downtown Dunnellon, Rainbow Springs State Park, the beautiful Rainbow River, Juliette Falls Golf Course, and the World Equestrian Center. Ocala, Gainesville, Crystal River, and the Gulf Coast are also within driving distance. 0.29 ACRES! LAKEFRONT! PEACEFUL SETTING! NO HOA FEES! Affordable lakefront opportunities like this are worth a closer look! Whether you're planning your forever home, a peaceful retirement retreat, or simply looking for a beautiful place to enjoy Florida living, this property offers a wonderful setting to make those dreams a reality. Don't just imagine the possibilities — come experience them for yourself! Schedule your private showing, and let's go take a look!

TBD Sw Shorewood Drive, 503.504, Dunnellon
00 Se 125th Court, Dunnellon
$33,500
Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Peaceful, calm and quiet awaits on mostly cleared 1 acre lot on Levy County side of Rainbow Lakes Estates. This property is on a paved road and 20 minutes to the Rainbow River, 30 minutes to the Gulf coast for fishing, boating, beautiful sunsets and manatee watching. The subdivision has a community center, tennis, racket ball and basketball courts, playground, fitness center, park, Tiger Lake and no HOA.

00 Se 125th Court, Dunnellon
Lots 394 & 395 Sw Shorewood Drive, Dunnellon
$32,000
Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Build your Florida dream home on this beautiful .29-acre water front wooded lot in Rainbow Lakes Estates. Located in a peaceful setting surrounded by nature, this property offers the perfect opportunity for a full-time residence, seasonal retreat, or future investment. Rainbow Lakes Estates offers an abundance of outdoor recreation with community lakes, boat ramps, a fishing pier, parks, playgrounds, a community center, and more. Enjoy fishing, boating, kayaking, hiking, and the relaxed Florida lifestyle right in your own community. Property is zoned R-1 for site-built homes only—no mobile homes. Whether you're ready to build now or looking to secure a piece of Florida for the future, this affordable homesite offers plenty of possibilities. Looking for more space? The seller also has the adjoining lot available for sale, offering a great opportunity to purchase both properties and create a larger homesite!

Lots 394 & 395 Sw Shorewood Drive, Dunnellon
Lots 392 & 393 Sw Shorewood Drive, Dunnellon
$38,000
Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Build your Florida dream home on this beautiful .36-acre water front wooded lot in Rainbow Lakes Estates. Located in a peaceful setting surrounded by nature, this property offers the perfect opportunity for a full-time residence, seasonal retreat, or future investment. Rainbow Lakes Estates offers an abundance of outdoor recreation with community lakes, boat ramps, a fishing pier, parks, playgrounds, a community center, and more. Enjoy fishing, boating, kayaking, hiking, and the relaxed Florida lifestyle right in your own community. Property is zoned R-1 for site-built homes only—no mobile homes. Whether you're ready to build now or looking to secure a piece of Florida for the future, this affordable homesite offers plenty of possibilities. Looking for more space? The seller also has the adjoining lot available for sale, offering a great opportunity to purchase both properties and create a larger homesite!

Lots 392 & 393 Sw Shorewood Drive, Dunnellon
20615 Sw Robin Drive, Dunnellon
$239,999
3 Beds ⋅ 2 Baths ⋅ Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Virtually Staged. Welcome to 20615 SW Robin Drive, Dunnellon, FL 34431—a brand-new 2026 construction home situated on a .24-acre lot in the peaceful Rainbow Lakes Estates community. The eye-catching modern exterior welcomes you into a light, bright, and airy open-concept floor plan filled with natural light and stylish contemporary finishes. The spacious kitchen is designed for everyday living and entertaining, featuring a large center island, stainless steel appliances, white shaker-style cabinetry, and generous workspace. The private primary suite offers an elegant tray ceiling and an oversized walk-in closet that conveniently opens into the primary bathroom, complete with dual sinks, a beautifully tiled walk-in shower, and a private water closet. A desirable split-bedroom layout places two additional bedrooms on the opposite side of the home, providing added privacy for family members, guests, or a home office. The currently wooded neighboring lot enhances the home’s peaceful surroundings and natural Florida setting. While Rainbow Lakes Estates does not have a traditional homeowners association, residents and property owners can enjoy access to an impressive selection of community amenities. Sea Cliff Park features basketball, tennis, racquetball, and pickleball courts, along with pavilions, a walking trail, and additional recreational areas. The community also offers a youth center and a fully furnished fitness center. Spend the day swimming, canoeing, or fishing at Lake Bonable, then relax beneath the nearby gazebo while taking in the beautiful waterfront views. Conveniently located near Rainbow Springs State Park, the crystal-clear Rainbow River, downtown Dunnellon, shopping, dining, kayaking, boating, hiking, and outdoor recreation, this new construction home offers the perfect combination of modern comfort, community amenities, and the relaxed Dunnellon lifestyle. Schedule your private showing today and discover everything this beautiful Rainbow Lakes Estates home has to offer!

20615 Sw Robin Drive, Dunnellon
Sw Shorewood Drive, Dunnellon
$38,888
Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Rainbow Lakes Estates" High & Dry VERY NICE WOODED .46 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: 19 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

Sw Shorewood Drive, Dunnellon
3512 Sw Shorewood Drive, Dunnellon
$325,000
4 Beds ⋅ 2 Baths ⋅ Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
RECENT PRICE IMPROVEMENT! Motivated Sellers! Bring your best offers! 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
Lots 11.12 Sw Shorewood Drive, 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
TBD Sw Shorewood Drive, Dunnellon
$28,000
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
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
Lot 53 Sw Shorewood Drive, 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
LOT 21 Sw Rainbow Lakes Boulevard, 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
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