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$39,900
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Property Description
PREMIUM 1.06-ACRE CORNER LOT | HIGH & DRY | NEAR RAINBOW SPRINGS | READY TO BUILD | RAINBOW LAKES ESTATES Build your dream home on this exceptional 1.06-acre corner lot in the growing community of Rainbow Lakes Estates. Ideally located just minutes from Rainbow Springs State Park, this beautiful homesite is flat, high and dry, and ready for your custom home or future investment. Positioned on a desirable corner with road frontage on two sides, the property offers outstanding design flexibility, easy access, and excellent curb appeal. Electricity is available along both road frontages, helping simplify the building process. One of the biggest advantages of this property is its location. Just a short drive from the crystal-clear waters of Rainbow Springs and the Rainbow River, you'll enjoy kayaking, tubing, swimming, boating, hiking, and some of Florida's most beautiful natural scenery right at your doorstep. The neighborhood continues to experience strong growth, with numerous new custom homes under construction nearby, making this an excellent opportunity for homeowners, builders, and investors looking to purchase in an area with increasing demand. Conveniently located near Dunnellon, shopping, restaurants, medical facilities, golf courses, and outdoor recreation, this oversized homesite offers the perfect combination of privacy, space, and accessibility. Large, buildable corner lots this close to Rainbow Springs are becoming increasingly rare. Whether you're planning to build now or invest for the future, this is an opportunity you won't want to miss.
Full Property Details
Full Property Details for SW 54th St
General
- Price: $39,900
- Taxes: $223 (2024)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: TB8411886
- Updated: 7/4/2026
- Added to Site: 357 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: $37,642
- 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
7/04/2026
Price Reduced
$39,900
-6.1%
MLS
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 $39,900 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.

