$400,571Average Value$394Average Price per Sq Ft7Homes For Sale
Waterfront living without the high price tag in Rainbow Springs
The neighborhood of Rainbow Springs gets its name from the large state park and winding river located within it. While only a small portion of homes back up to the water, Jeanne Herzig-Arena, a Realtor with Professional Realty of Ocala who sells throughout Marion County, says the whole area has the remote feel of a waterfront community, and residents get the same laid-back vibe without paying the inflated prices of coastal homes. “I think that’s the main draw,” she says. “You get that waterfront feel without having to live on the coast.”
Diverse housing options from condos to riverfront estates
On the neighborhood’s east side, houses sit a bit close together yet still boast large front and back yards. Most have three or four bedrooms and were built after 1980. Ranch-style homes are most common for older homes, and new construction boasts New Traditional styles. Prices range from $230,000 to $650,000, with higher-priced homes featuring recent renovations. Large homes, often with four or more bedrooms, sit along the Rainbow River. They average around $1 million and have backyard water views. West of Highway 41, lot sizes are bigger. Home sizes and styles are like those on the east side and range from $220,000 to $580,000. Higher-priced homes often sit on acre lots and were built in the 2020s or are newly renovated. A small selection of two-bedroom condos is available on the neighborhood’s east side, ranging from $175,000 to about $200,000.
While the Rainbow River doesn't often flood, there is still a chance during severe weather. Homeowners can purchase flood insurance through the National Flood Insurance Program. Regarding crime, Rainbow Springs has a 1 out of 10 on the CAP Index, three points lower than the national average.
Golfing, hiking, and equestrian activities nearby
Rainbow Springs State Park is on the neighborhood’s east side and is a popular outdoor recreation spot for locals and out-of-towners alike. Swimming, tubing, canoeing, and kayaking are allowed in the springs. Its nature trails are popular with hikers, runners and birders. The neighborhood HOA has a private park for residents on the Rainbow River with barbecue grills and gazebos. Juliette Falls Golf Course is open to the public and is loved for its challenging and picturesque 18-hole layout. While the Rainbow Springs Golf Course closed in 2014, the club is still open and offers a restaurant and community pool. Blue Run Park is about 5 miles from the neighborhood, and Herzig-Arena says the proximity is a big perk for many residents. “You can launch your boat or go for a walk. There’s a trail that connects to the Florida Greenway where you can do your biking,” she says. For those who ride horses, Ocala’s many equestrian stables and facilities, including the notable World Equestrian Center, are less than 20 miles away.
Groceries in the neighborhood, dining in Downtown Dunnellon
Winn-Dixie is located within the neighborhood and is a convenient place to pick up groceries. Publix, Walmart, services and chain restaurants line Highway 41 just outside of the neighborhood. Downtown Dunnellon, about 4 miles away, has galleries, boutiques, and a mix of restaurants. Herzig-Arena says a standout is locally owned Paige’s off East Pennsylvania Avenue. “It’s a great place to grab a burger and a homemade root beer,” she says.
Students have many options through Marion County Public Schools
The schools zoned to the neighborhood are Dunnellon Elementary, Dunnellon Middle, and Dunnellon High. All three schools have a B-minus rating on Niche. Dunnellon High offers multiple clubs and organizations, including Fellowship of Christian Athletes, Literary Club, and Future Business Leaders of America. Marion County Public Schools, which the schools are a part of, offers controlled open enrollment, allowing families to choose any school in the state that isn’t at capacity.
Nearby highways get residents where they need to go
Highway 41 leads to Downtown Dunnellon. State Road 40 runs along the neighborhood’s north side and connects to Interstate 75 and Ocala. Marion County Airport is right outside the neighborhood, but it is only for private planes. The closest major airport is Ocala International, about 20 miles away.
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
Michele Neely,
an experienced agent in this neighborhood.
Parks in this Area
Rainbow Springs State Park
K P Hole Park
Crime and Safety
1 - Low Crime, 10 - High Crime
Rainbow Springs
US
Homicide
1
4
Sexual Assault
1
4
Assault with Weapon
1
4
Robbery
1
4
Burglary
1
4
Motor Vehicle Theft
1
4
Larceny
1
4
Crime Score
1
4
Source: WhatIsMyCrimeRisk.com
Rainbow Springs Demographics and Home Trends
On average, homes in Rainbow Springs, Dunnellon sell after 107 days on the market compared to the national average of 70 days. The median sale price for homes in Rainbow Springs, Dunnellon over the last 12 months is $550,000, up 26% from the median home sale price over the previous 12 months.
This custom-built pool home sits on over an acre of tree-lined privacy with breathtaking lake frontage on Lake 16—a true hidden gem where peace and beauty meet every day.Step inside and you’ll instantly feel the thoughtful design: soaring ceilings, tile floors throughout the main living areas, and a cozy family room with a gas fireplace and French doors that lead to your private
**** Lock In Your Dream Home with a 2-1 Rate Buy Down – Lower Payments, Less Stress!**** CALL TODAY FOR MORE INFO on how to lock in lower payments on this Exquisite home with direct ACCESS TO THE RAINBOW RIVER! This beautifully remodeled pool home spans nearly 3,000 square feet of interior living space and is perfectly situated on a generous half-acre lot in the popular community of Rainbow
**** Lock In Your Dream Home with a 2-1 Rate Buy Down – Lower Payments, Less Stress!**** CALL TODAY FOR MORE INFO on how to lock in lower payments on this Exquisite home with direct ACCESS TO THE RAINBOW RIVER! This beautiful 3-bedroom, 2-bathroom, 2-car garage home spans 2,856 square feet and is situated on a quarter-acre lot, harmoniously combining comfort, luxury, privacy, and affordability in
NOT A FLOOD ZONE! NEW ROOF 2021! NEW IRRIGATION CONTROL SYSTEM! NEW CHLORINATOR ON POOL! WINDOWS UPDATED! This beautifully spacious 4 (or 5)bedroom, 3 full bathroom home, 3 car garage spans over 3,100 sq ft on nearly 3 acres of land! Inside, you’ll be greeted by soaring coffered ceilings and elegant crown molding, creating a grand yet comfortable atmosphere. The large primary bedroom offers a
One or more photo(s) has been virtually staged. **Discover Your Newly Remodeled Dream Home in Woodlands Neighborhood!**4 Car Garages, plus workshop, plus additional building, with 2,349 sq.ft. Bright and Airy remodeled single-family residence, nestled on a serene 1-acre lot, is ready for you to move in and enjoy. Featuring 3 spacious bedrooms and 3 bathrooms plus bonus room that can be
One or more photo(s) has been virtually staged. Almost New Home in the Country Club built in 2022. Modern open floor plan. 3bedrrom 2 Bath with additional room than can easily be used as Office/den/exercise room/play room/crafts room, etc. luxury vinyl plank flooring throughout the home, En-suite master bathroom with Granite countertops, ceramic tile, walk in shower and linen closet. The kitchen
Rainbow Springs Country Club Estates community. Located on a private corner lot, three-bedroom, two-bath home has updated laminate floors, open floor plan, spacious kitchen, new roof, private access to the breathtaking Rainbow River. You'll also have access to the community center, pool and tennis courts. $2150 per Month, $2150 Security Deposit. Pets ok with pet deposit of $250. Lease for 6-12
This 2/2 is located close to everything that Historic Dunnellon has to offer. Near Ocala and a short drive to Gainsville. The Rainbow River is right around the corner for your recreational needs.
Live in a beautiful gated, top-rated golf course community, located just minutes from Rainbow Springs State Park & the World Equestrian Center! This is a newer home, built in 2022 - only 1 other tenant. 3 Bedrooms, 2 Full Baths, large backyard that backs up to private wooded area with a screened in patio! This home features an open floor plan, granite countertops throughout, tile showers,
Interested in learning more about homes in this area?
Reach out to
Michele Neely,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
5,732
Median Age
65
Population under 18
12%
Below the national average
23.8%
Population over 65
50.3%
Significantly above the national average
19.1%
Finances
Median Household Income
$57,015
Significantly below the national average
$71,702
Average Household Income
$77,773
Education and Workforce
High School Graduates
94.1%
College Graduates
26%
Below the national average
34.1%
Advanced Degrees
11.1%
% Population in Labor Force
31.8%
Significantly 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®
20/ 100
Car-Dependent
Walk Score®
8/ 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.
