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$42,490
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Property Description
**PREMIUM 1.06-ACRE CORNER LOT IN RAINBOW LAKES ESTATES - PRICE REDUCED!** Exceptional opportunity to own one of the most desirable buildable lots in **Rainbow Lakes Estates**. This expansive **1.06-acre corner parcel** at **SW 54th Street & SE 106th Avenue** is level, high and dry, and ready for development. With **electricity available on both road frontages**, this property offers flexibility and convenience for your custom home, spec build, or long-term investment. Located in a rapidly growing area with substantial new construction activity, this neighborhood continues to attract buyers seeking larger homesites and modern residences. The surrounding market has experienced strong appreciation, making this an excellent opportunity for builders, investors, and future homeowners alike. Enjoy a prime location just minutes from **Rainbow Springs State Park**, **Rainbow River**, **Rainbow's End Golf Club**, shopping, dining, and outdoor recreation. Large corner lots with this combination of size, location, and buildability are becoming increasingly difficult to find.
Full Property Details
Full Property Details for SW 54th St
General
- Price: $42,490
- Taxes: $223 (2024)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: TB8411886
- Updated: 6/2/2026
- Added to Site: 309 day(s) ago
Location
- Area: 34431 - Dunnellon
- County: Marion
- Development Name: 34431 - Dunnellon
- Subdivision: RAINBOW ACRES
- Driving Directions: From US-41 North, head south on US-41/S Williams St toward Dunnellon. Turn left onto SW 54th Street (look for the street sign at the intersection). Continue on SW 54th Street for approximately 1.2 miles. Turn left onto SE 106th Avenue — the property is located near the corner of SW 54th Street and SE 106th Avenue.
- Direction Faces: East
Community
- Community Name: 34431 - Dunnellon
Utilities
- Sewer: None
- Water: None
- Utility Description: BB/HS Internet Capable, Electrical Nearby, Phone Available
Structural Information
- Current Bldg. Use: Residential
Lot Features
- Lot Size (Acres): 1.06
- Lot Size (Sq. Ft.): 46,174
- Lot Size: 1.06
- Lot Dimensions: 401 x 115
- Frontage: Street Paved, Access Road, County Road
- Street/Road Desc.: Paved, Asphalt
Financial Considerations
- Price Per Acre: $40,085
- Assoc Fee Desc.: None
- Tax Amount: $223
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: SEC 35 TWP 15 RGE 18 PLAT BOOK G PAGE 098 RAINBOW ACRES UNIT 4 BLK 43 E 115 FT LOTS 19-22
- Flood Zone Info: X
- APN: 1754000032
- Property ID: 1754000032
- Block/Lot/Section: 43
Listed by Star Bay Realty Corp.
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Price & Sales History for SW 54th St
Date
Details
Price
Change
Source
6/02/2026
Price Increased
$42,490
16.41%
MLS
5/18/2026
Price Reduced
$36,500
-3.92%
MLS
4/25/2026
Price Reduced
$37,990
-4.79%
MLS
4/07/2026
Price Reduced
$39,900
-11.33%
MLS
2/27/2026
Price Increased
$45,000
4.9%
MLS
1/29/2026
Price Reduced
$42,900
-4.67%
MLS
12/08/2025
Price Increased
$45,000
15.68%
MLS
10/23/2025
Price Reduced
$38,900
-2.51%
MLS
9/17/2025
Price Reduced
$39,900
-6.99%
MLS
7/29/2025
Listed
$42,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for SW 54th St
Sw 54th Street, Dunnellon, FL 34431 (MLS# TB8411886) is a Lots/Land property with a lot size of 1.06 acres. Sw 54th Street is currently listed for $42,490 and was received on July 29, 2025. Want to learn more about Sw 54th Street? Do you have questions about finding other Lots/Land real estate for sale in Dunnellon? You can browse all Dunnellon real estate or contact a Coldwell Banker agent to request more information.

