Rainbow Lakes Estate Homes with Lake Front Frontage

Rainbow Lakes Estate Homes with Lake Front Frontage

Welcome to Rainbow Lakes Estate, an enchanting subdivision nestled in the heart of Dunnellon, Florida, within the picturesque Marion County. This serene community is a hidden gem, offering a perfect blend of natural beauty and modern living, making it an ideal destination for families, retirees, and anyone seeking a tranquil lifestyle.

One of the standout features of Rainbow Lakes Estate is its stunning homes with lakefront frontage. Imagine waking up each morning to the gentle sounds of nature and the breathtaking views of shimmering waters right outside your window. These homes are designed to maximize the beauty of their surroundings, with spacious layouts and outdoor living spaces that invite you to relax and soak in the serene ambiance.

The community is surrounded by lush greenery and offers a plethora of recreational opportunities. Whether you enjoy fishing, kayaking, or simply taking leisurely strolls along the lake, Rainbow Lakes Estate provides a peaceful retreat from the hustle and bustle of everyday life. The nearby Rainbow River is perfect for those who love to explore the great outdoors, with its crystal-clear waters and abundant wildlife.

Conveniently located, residents of Rainbow Lakes Estate have easy access to local shops, dining, and attractions in Dunnellon, while still enjoying the privacy and tranquility of a lakeside community. With its captivating scenery and welcoming atmosphere, Rainbow Lakes Estate is more than just a place to live; it’s a lifestyle waiting to be embraced. Come discover your dream home in this idyllic lakeside paradise!

Newest Rainbow Lakes Estate Homes with Lake Front Frontage

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
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
$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
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
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