$248,976Average Value$326Average Price per Sq Ft10Homes For Sale
Fast-growing section of Marion and Levy counties
Rainbow Lakes Estates is a sprawling residential development north of Dunnellon proper, straddling the Marion-Levy county line between two state parks. “It’s a fast-growing area, super reasonably priced, where there’s a lot of land attached to the homes,” says Ocala-based Realtor Terry Morgan of Your Home Sold Guaranteed Realty, who has almost a decade of experience. He says the homes' price-per-square-foot and quiet, relatively remote location are the main reasons buyers are drawn to the community. “They can get a lot of bang for their buck here since they get all this land around these newer construction homes.”
There are mature trees around the neighborhoods of Rainbow Lakes Estates.
Land is available in various sizes around Rainbow Lakes Estates.
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New Traditional and ranch-style homes on acreages
The average lot size around these New Traditional and ranch-style homes is just over half an acre. Very few properties are separated by more than a thick grove of longleaf pine trees and a broad lawn, but split-rail fences around fields of horses or cattle are not uncommon. Home prices start at about $140,000 and go up to nearly $600,000. Buildable land lists for between $11,500 and $2.6 million, depending on the size and number of parcels.
Plenty of newly constructed homes are available in Rainbow Lakes Estates.
Ranch style homes are common in Rainbow Lakes Estates.
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A quick drive to Rainbow Springs State Park and Goethe State Forest
Sea Cliff Community Park, located in the neighborhood, has a covered playground, basketball court and walled handball courts. About 7 miles away, Rainbow Springs State Park features gardens and waterfalls by the Rainbow River. Boat rentals are available, but some visitors opt to swim the clear blue springs. Rustic hiking trails weave through the woods, following the river to the campsites at the park’s south end. Visitors often see wildlife, like the Florida black bear, bald eagles and gopher tortoises, while walking or camping in or around the swamps and sandhills of the Goethe State Forest. Fishing and seasonal hunting are permitted there, too.
Swim in the designated area in the crystal clear waters at Rainbow Springs State Park.
Buck Island Pond Trailhead is part of Goethe State Forest nearby to Rainbow Lakes Estates.
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Dunnellon High has college and career readiness programs
Marion County Public Schools serves Rainbow Lakes Estates kids. They’re zoned to Romeo Elementary, Dunnellon Middle and Dunnellon High, all of which earn B-minus grades from Niche. The high school offers almost 20 AP and Cambridge Advanced International Certificate of Education, or AICE, courses. College and career readiness programs available at Dunnellon High include welding, culinary arts and early childhood education, among others.
Dunnellon Middle School provides education in the neighborhood of
Dunnellon and serves Rainbow Lakes Estates.
Dunnellon High School is a public school serving 1,186 students in grades 9-12 nearby to Rainbow Lakes Estates.
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Dunnellon has shopping and dining options
“There’s nothing in Rainbow Lakes Estates directly as far as restaurants or stores, so you have to go to Dunnellon for all that,” Morgan says. Retailers like Winn-Dixie, Tractor Supply and Walmart Supercenter line the Dunnellon stretch of U.S. Route 41, scattered between pharmacies, auto parts stores and fast-food chains. Swampy’s Bar & Grille has been a favorite local spot for homey Southern fare and live music since 2012. A family of otters lives on the Rainbow River near the restaurant’s dining deck. Sometimes, they make an appearance during the dinner rush. Blue Gator Tiki Bar & Restaurant does Southern-style seafood and airboat tours of the Withlacoochee River a couple miles away.
Winn Dixie supplies Rainbow Lakes Estates residents with all their grocery needs.
Swampy's Bar & Grill, is a fave of locals as well as tourist, for great fish sandwiches nearby to Rainbow Lakes Estates.
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A car-dependent stretch of central Florida
The closest highways are U.S. Routes 41 and 98, several miles to the east and west, respectively. The nearest hospitals, including HCA Florida Ocala and AdventHealth Ocala, are almost 30 miles away. Gainesville has a small regional airport about 50 miles north. Orlando and Tampa are both about 100 miles away. Rainbow Lakes Estates’ CAP Index crime score is 2 out of 10, below the national average of 4.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Steven Anderson,
an experienced agent in this neighborhood.
Transit
Airport
Gainesville Regional
83 min drive
Crime and Safety
1 - Low Crime, 10 - High Crime
Rainbow Lakes Estates
US
Homicide
2
4
Sexual Assault
1
4
Assault with Weapon
2
4
Robbery
2
4
Burglary
2
4
Motor Vehicle Theft
1
4
Larceny
1
4
Crime Score
2
4
Source: WhatIsMyCrimeRisk.com
Rainbow Lakes Estates Demographics and Home Trends
On average, homes in Rainbow Lakes Estates, Dunnellon sell after 104 days on the market compared to the national average of 70 days. The median sale price for homes in Rainbow Lakes Estates, Dunnellon over the last 12 months is $418,900, down 5% from the median home sale price over the previous 12 months.
Your Florida Dream Starts Here!This charming 3-bedroom, 2-bath home in Rainbow Lake Estates sits on just under an acre and offers the perfect blend of style and space. Featuring durable tile flooring throughout (no carpet here!) and a crisp white kitchen that’s ready for your favorite Pinterest recipes, this home is move-in ready and full of natural light. Live on over an acre of land!
Welcome to 21654 SW Honeysuckle Street, Dunnellon, FL. This beautifully remodeled home offers exceptional value and income potential with no HOA restrictions!Nearly every big-ticket item has been taken care of including the roof, AC, hot water heater to name a few, making this home truly move-in ready. Enjoy a fully renovated kitchen featuring beautiful quartz countertops, brand-new
0.24 acre residential lot in the growing subdivision of Rainbow Lakes Estates, where new construction blends well with the current well maintained homes. Located on a quiet paved street surrounded by nature. Conveniently located close to Dunnellon, Ocala, Crystal River and Rainbow Springs Park. Easy access to all the outdoor activities that Central Florida has to offer like, boating, hiking,
3/1.5 SINGLE FAMILY HOME. LARGE LOT GARAGE AND SHED TILE THROUGH OUT, FRESHLY PAINTED, NICELY RENOVATED. TENANT PAYS ALL UTILITIES AND MAINTAIN LAWN. 1 SMALL PET WELCOME WITH NON-REFUNDABLE PET FEE. SEC. 8 VOUCHER WELCOME.
Interested in learning more about homes in this area?
Reach out to
Steven Anderson,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
3,597
Median Age
50
Population under 18
19.1%
On par with the national average
23.8%
Population over 65
29.2%
Above the national average
19.1%
Finances
Median Household Income
$43,478
Significantly below the national average
$71,702
Average Household Income
$52,791
Education and Workforce
High School Graduates
76.7%
College Graduates
14.5%
Below the national average
34.1%
Advanced Degrees
4.4%
% Population in Labor Force
43.2%
Below the national average
65.1%
Weather
Annual Precipitation
52''
Average Winter Low Temperature
47°F
Average Summer High Temperature
92°F
Annual Snowfall
0''
Area Factors
Somewhat Bikeable
Bike Score®
17/ 100
Car-Dependent
Walk Score®
0/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
