Rainbow Lakes Estate Homes under $350,000

Rainbow Lakes Estate Homes under $350,000

Welcome to Rainbow Lakes Estate, a picturesque subdivision nestled in the charming city of Dunnellon, Florida. This vibrant community is renowned for its serene landscapes, lush greenery, and friendly atmosphere, making it an ideal place for families, retirees, and everyone in between. With its tranquil lakes and winding roads, Rainbow Lakes Estate offers a peaceful retreat from the hustle and bustle of city life, all while being conveniently located near essential amenities.

One of the standout features of this community is the availability of beautiful homes priced under $350,000. Whether you’re a first-time homebuyer or looking to downsize, you’ll find a variety of options that cater to diverse lifestyles and preferences. From cozy single-family homes to charming cottages, each property is designed to provide comfort and style without breaking the bank. Many homes in this price range boast modern amenities, spacious yards, and inviting interiors, ensuring you’ll find the perfect fit for your needs.

Residents of Rainbow Lakes Estate enjoy access to a plethora of outdoor activities, including fishing, boating, and hiking in the nearby Withlacoochee State Forest. The community’s close-knit feel encourages neighborly connections, making it easy to forge friendships and create lasting memories. With its appealing homes and vibrant surroundings, Rainbow Lakes Estate is more than just a place to live; it’s a lifestyle waiting to be embraced. Discover your dream home in this enchanting subdivision and experience the best of Florida living!

Newest Rainbow Lakes Estate Homes under $350,000

4321 Sw Shasta Court, Dunnellon
$339,999
3 Beds ⋅ 2 Baths ⋅ Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
THIS IS WHAT FLORIDA LIVING IS ALL ABOUT! 1.98 ACRES, MAJOR UPDATES, AND ROOM FOR ALL YOUR TOYS! Why settle for a small backyard when you can have nearly TWO ACRES to call your own? This beautifully maintained 3-bedroom, 2-bathroom Dunnellon home offers the SPACE, PRIVACY, and FREEDOM you’ve been looking for! Step inside to a spacious SPLIT FLOOR PLAN featuring generously sized bedrooms and a private primary suite separated from the additional bedrooms. The inviting living room offers plenty of space to relax or entertain, while the spacious dining room is perfect for gathering with family and friends. The kitchen features stylish gray cabinetry, updated appliances, a double oven, touchscreen microwave, and an ADDITIONAL BREAKFAST NOOK for casual dining! Fresh interior paint in the living room and kitchen adds to the appeal, along with BOTH BATHROOMS RENOVATED IN OCTOBER 2026! BIG-TICKET UPDATES ALREADY COMPLETED! Roof (2019), flooring (2021), appliances (2024), drainfield (2024), well pump (May 2026), HVAC (June 2026), water heater (October 2026), plus select windows and sliding door (2020)! BRING YOUR BOAT, RV, ATVs, AND OUTDOOR TOYS! With 1.98 acres, there’s plenty of room for gardening, outdoor activities, or exploring your dream of a mini farm with animals, subject to local regulations. The property also features an attached 2-CAR GARAGE, STORAGE SHED, covered back patio, and firepit! Enjoy peaceful country-style living approximately 25 minutes from RAINBOW RIVER and 30 minutes from the WORLD EQUESTRIAN CENTER in Ocala! SPACE TO SPREAD OUT, UPDATES TO APPRECIATE, AND A LIFESTYLE TO LOVE! Don’t miss your opportunity to make this property yours. Schedule your private showing today!

4321 Sw Shasta Court, Dunnellon
23493 Nw Shamrock Avenue, Dunnellon
$212,999
3 Beds ⋅ 2 Baths ⋅ Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Under Construction. Discover the charm of this new construction “Maplewood” model by Bakan Homes, scheduled for completion by January 18th, 2027. Thoughtfully designed to blend affordability with everyday comfort, this home presents a wonderful opportunity for buyers seeking stylish, attainable homeownership. Inside, you’ll find 8’ ceilings in the bedrooms and vaulted ceilings in the main living areas, creating an open and inviting feel throughout. The kitchen is efficiently designed with gleaming quartz countertops and stainless-steel appliances, including a dishwasher, offering both practicality and modern appeal. Modern vinyl plank flooring throughout the social areas and stylish carpet in all 3 bedrooms not only looks beautiful but also ensures easy maintenance, making it perfect for families and pet owners. With smart use of space and a focus on livability, this home is ideal for first-time buyers, downsizers, or anyone looking for a cozy yet functional retreat without compromising quality. For added peace of mind, the home includes a limited Builder Warranty valid for one year after the issuance of the Certificate of Occupancy. Photos are of a recently completed model. Colors, finishes, and appliances may vary from home to home. This model does not include a garage door opener. Estimated completion dates are subject to change due to unforeseen circumstances.

23493 Nw Shamrock Avenue, Dunnellon
1690 Sw Viburnum Road, Dunnellon
$299,000
3 Beds ⋅ 2 Baths ⋅ Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
NEW CONSTRUCTION: COUNTRY CHARM MEETS MODERN FLORIDA LUXURY! Welcome home to the perfect blend of country living and modern elegance! Nestled on a beautiful .99-acre homesite, this stunning Floridian model offers exceptional craftsmanship, stylish finishes, and plenty of room to enjoy the Florida lifestyle. Step inside to a bright, inviting open floor plan featuring abundant natural light and luxury vinyl plank flooring throughout. The gorgeous gourmet kitchen is the heart of the home, showcasing solid wood white shaker cabinetry, quartz countertops, stainless steel appliances (Installed at closing), and an oversized center island perfect for gathering with family and friends. The spacious primary suite offers a relaxing retreat, complete with a beautifully appointed ensuite featuring dual vanities, a generous walk-in closet, and a luxurious floor-to-ceiling tiled shower with glass enclosure. A desirable split-bedroom layout provides comfort and privacy for family and guests. 2 guest rooms and 2nd bathroom with shower/tub. Working from home? You will love the bonus/flex room! Enjoy the freedom of nearly an acre! Picture morning coffee outdoors, evenings around the fire pit, gardening, or creating your own backyard oasis. There's room for pets, a fence, trailer parking, and additional storage. Quality concrete block construction and NO HOA make this property even more appealing! Conveniently located near Rainbow Springs and the crystal-clear Rainbow River, you'll enjoy endless opportunities for kayaking, fishing, swimming, boating, and outdoor recreation. If you've been dreaming of more space, more freedom, and a beautiful brand-new home, this country charmer is ready to welcome you home!

1690 Sw Viburnum Road, Dunnellon
1190 Sw Big Tree Road, Dunnellon
$329,900
4 Beds ⋅ 3 Baths ⋅ Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
SELLER-FUNDED INTEREST RATE BUYDOWN AVAILABLE! Welcome to this stunning brand-new home at Rainbow Lakes. Situated on an expansive nearly one-acre lot, this beautiful residence offers 4 bedrooms, 2.5 bathrooms, 1,694 square feet of living space, and an attached two-car garage. The bright, open-concept layout is ideal for both everyday living and entertaining. The contemporary kitchen features quartz countertops, shaker-style cabinetry, stainless steel appliances, a spacious center island, and stylish pendant lighting. The primary suite offers a spa-inspired bathroom complete with a freestanding soaking tub, a beautifully tiled walk-in shower, and modern finishes. Additional highlights include luxury vinyl plank flooring throughout the main living areas, a covered front porch, a covered rear lanai, 2-10 Home Buyers Warranty, and attractive modern farmhouse curb appeal. With approximately 2,301 square feet under roof and plenty of outdoor space, this move-in-ready home offers the perfect combination of comfort, style, and privacy. The seller is offering a financing incentive that may allow qualified buyers to reduce their mortgage interest rate and potentially lower their monthly mortgage payment. This incentive is available to eligible buyers who choose to finance through our preferred lender. Use of the preferred lender is entirely optional and is not required to purchase the property. Subject to lender approval, loan program guidelines, and applicable terms and conditions. Contact us for details!

1190 Sw Big Tree Road, Dunnellon
24125 Nw Foxglove Lane, Dunnellon
$244,900
3 Beds ⋅ 2 Baths ⋅ Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Brand New Home In Rainbow Lake Estates. Experience modern style, quality craftsmanship, and thoughtful design in this stunning 3-bedroom, 2-bath home with a spacious 2-car garage. From the moment you step inside, soaring vaulted ceilings, an abundance of natural light, and an inviting open-concept floor plan immediately set the tone. Beautiful luxury vinyl plank flooring flows throughout the entire home. The heart of the home is the gorgeous designer kitchen, showcasing a granite center island perfect for entertaining, meal preparation, and casual dining. Additional highlights include sleek stainless steel appliances, soft-close cabinetry, stylish black cabinet hardware, and modern pendant lighting. The kitchen flows seamlessly into the spacious main living area, creating the perfect setting for everyday living and entertaining. The desirable split-bedroom floor plan provides privacy, while the beautifully appointed primary suite offers a relaxing retreat featuring dual vanities and a fully tiled walk-in shower with a sleek glass enclosure. Located in the desirable Rainbow Lake Estates community, this home offers the perfect combination of peaceful surroundings and outdoor recreation. Enjoy access to community amenities including sports courts, walking trails, a fitness center, youth center, and opportunities for canoeing and fishing. Nature lovers will appreciate being just a short drive from the crystal-clear waters of Rainbow Springs and the scenic Rainbow River, famous for kayaking, tubing, swimming, and outdoor adventures. Conveniently located near charming downtown Dunnellon, shopping, dining, and the renowned World Equestrian Center in Ocala. Whether you're searching for a full-time residence or a Florida getaway, this beautiful new construction home delivers modern comfort, functional living, and an exceptional location. Everything is brand new move right in and start enjoying the Florida lifestyle!

24125 Nw Foxglove Lane, Dunnellon
24013 Nw Tamarind Lane, Dunnellon
$239,900
3 Beds ⋅ 2 Baths ⋅ Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Brand new 2026 in Rainbow Lake Estates! Welcome home to this beautifully designed, move-in-ready, three-bedroom, two-bathroom new construction home in the desirable Rainbow Lake Estates community of Dunnellon, Florida! Offering the perfect combination of modern comfort, functionality, and peaceful Florida living, this home features a spacious open concept floor plan ideal for everyday living and entertaining. The thoughtfully designed split-bedroom layout provides added privacy, while luxury vinyl flooring throughout offers a stylish, durable, and low-maintenance finish. The kitchen features stainless steel appliances and flows seamlessly into the main living and dining areas, creating a bright and inviting atmosphere. A two-car garage provides convenient parking and additional storage. For added peace of mind, this brand-new home also includes a ONE YEAR HOME WARRANTY! Enjoy the freedom of NO HOA and the benefits of living near some of Central Florida's most beautiful natural attractions! Just a short drive from the crystal-clear Rainbow River and Rainbow Springs State Park, where outdoor enthusiasts can enjoy kayaking, tubing, swimming, paddleboarding, and fishing. Explore the charm of historic downtown Dunnellon, featuring locally owned restaurants, boutique shops, and waterfront dining. Equestrian enthusiasts will appreciate the convenient access to the renowned World Equestrian Center in Ocala, offering world-class equestrian events, dining, shopping, and entertainment. Conveniently located near shopping, dining, medical facilities, and everyday necessities, this home offers the perfect balance of peaceful surroundings and modern convenience. Whether you're looking for a primary residence, seasonal retreat, or a fresh start in beautiful Central Florida, this home is ready to welcome you. Schedule your private showing today and discover everything Rainbow Lake Estates and the Dunnellon area have to offer!

24013 Nw Tamarind Lane, Dunnellon
4451 Sw Begonia Ct, Dunnellon
$324,900
3 Beds ⋅ 2 Baths ⋅ Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Under Construction. Custom built home is nestled in the peaceful surroundings of Rainbow Lakes Estates where serene privacy meets everyday convenience. This thoughtfully designed 3-bedroom, 2-bath home with a 2-car garage delivers the pertect balance of modern style and relaxed Florida living. Tucked away in a quiet setting yet just minutes trom Dunnellon and Ocala, you will also enjoy the close proximity to the crystal-clear Rainbow River and a short drive to the renowned World Equestrian Center. The exterior of the home has a very durable and maintenance free metal roof and is adorned with beautiful stone accents. Step inside to discover a bright, open-concept floor plan accented by luxury plank vinyl flooring throughout, creating a seamless and inviting living space ideal for both entertaining and daily life. The kitchen is truly the home's centerpiece with glistening countertops, stainless steel appliances and is perfect for gatherings, meal prep, and making endearing memories. The primary suite is a private sanctuary, featuring oversized walk-in closets and a spa-like ensuite with a walk-in shower, dual vanities. Step outside to the covered lanai overlooking the expansive backyard, an ideal space for relaxing evenings, weekend barbecues, or future outdoor enhancements. Situated on just under one acre, the property offers ample room to spread out, garden, or design your dream outdoor retreat. This exceptional newly constructed home combines quality craftsmanship, modern finishes, and an unbeatable location. PHOTOS REPRESENT THE MODEL ONLY

4451 Sw Begonia Ct, Dunnellon
3367 Sw Soundview Drive, Dunnellon
$299,900
3 Beds ⋅ 2 Baths ⋅ Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Brand-new house in Rainbow Lakes Estates! This stunning home combines modern style and convenience with 3 bedrooms and 2 bathrooms. The master bathroom is a true retreat, DOUBLE SHOWERS with a sleek SHOWER DOOR for added style and functionality. The spacious open floor plan is perfect for hosting large family gatherings, comes with an ELETRIC FIREPLACE and the fully equipped kitchen includes a WATERFALL QUARTZ island and stainless-steel appliances—refrigerator, range, disposal, dishwasher, and microwave. Additional features include a SMART KEY system, and a 2-10 HOME WARRANTY. Don't miss this opportunity—schedule your showing today!

3367 Sw Soundview Drive, Dunnellon
19802 Sw Marine Boulevard, Dunnellon
$235,000
3 Beds ⋅ 2 Baths ⋅ Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Welcome to this gorgeous Samuel model tucked away in Dunnellon’s beloved Rainbow Lakes Estates! THIS HOME DELIVERS EASILY OBSERVABLE BETTER VALUE FROM THE FIRST LOOK! Boasting 3 Bedrooms and 2 Bathrooms, a total of 1,286 sq ft of living space…Immediately, you will feel the difference. Waiting for you at the end of this driveway is your next smart move. This home sits back an additional 7ft for added parking space and convenience, giving you an additional 100 sq ft of driveway. Leading up to a 2 car garage, You’ll feel inspired before even parking your car. This isn't just a house; it's a home THOUGHTFULLY CRAFTED WITH YOUR FUTURE IN MIND by a builder who truly CARES about the people who invest in these homes. Every detail, every finish, every inch — meticulously designed with intention! Making life just that much easier for you. Don’t take my word for it, step inside and let the bright open space speak to you — Natural light floods the home for an enchanting Rainbow Lakes Lifestyle from sunrise to sunset. This fabulous open layout was made for REAL LIFE! From hosting for the holidays to cozy family nights on the couch, this one checks all the boxes. Imagine waking up to the smell of a morning coffee brew in a kitchen you'll actually LOVE, with beautiful designer cabinets finished to match your ALL STAINLESS STEEL APPLIANCE PACKAGE ….. enjoy evenings unwinding in a living room that feels like YOURS from the first showing! Imagine the POSSIBILITIES — room to grow, room to gather, room to DREAM! Host the holidays, build the garden, make the memories — this home is ready for ALL of it! And the best part? NO HOA! Your home, your rules, your future! This is more than new construction — it's a FRESH START crafted with care! COME SEE FOR YOURSELF — this one WON'T LAST MUCH LONGER!

19802 Sw Marine Boulevard, Dunnellon
22787 Sw Beach Boulevard, Dunnellon
$229,900
3 Beds ⋅ 2 Baths ⋅ Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Welcome home to this charming, move-in-ready 3-bedroom, 2-bath home in Rainbow Lakes Estates! Built in 2023, this thoughtfully designed ranch-style home offers a bright, open layout with modern finishes and comfortable living throughout. The spacious kitchen features crisp white cabinetry, generous counter space, stainless steel appliances, and a breakfast bar that opens seamlessly to the main living area—perfect for everyday living and entertaining. The split-bedroom layout provides privacy and functionality, while durable vinyl flooring, ceiling fans, and a smart thermostat add convenience and easy maintenance. Outside, enjoy a spacious 0.26-acre lot with plenty of room to relax, play, garden, or entertain around the fire pit. An attached one-car garage provides additional parking and storage. Located on a paved, publicly maintained road with NO HOA fees and situated in Flood Zone X, this newer home offers the perfect combination of modern construction, manageable upkeep, and a peaceful Dunnellon setting. Whether you're searching for your first home, downsizing, or simply looking for a newer home without the wait of new construction, this one is ready for its next owner. Schedule your private showing today!

22787 Sw Beach Boulevard, Dunnellon
23396 Sw Anchor Boulevard, Dunnellon
$309,900
4 Beds ⋅ 2 Baths ⋅ Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Virtually Staged. Under Construction. EXCLUSIVE YEAR-END BUYER INCENTIVE! Seller is offering GENEROUS CLOSING COST ASSISTANCE to qualified buyers! Take advantage of this limited-time opportunity to significantly reduce your out-of-pocket expenses and make homeownership more affordable! This is valid on homes closing on or before December 30, 2026. Contact us for full incentive details. Subject to lender approval and financing guidelines. New Construction Home in Rainbow Lakes Estates – Close to World Equestrian Center & Rainbow River Beautifully crafted 4-bedroom, 2-bathroom BLOCK home with STONE frontal exterior, inside has luxury vinyl wood flooring and granite countertops home located in the peaceful community of Rainbow Lakes Estates in Dunnellon, Florida. Just 30 minutes from the World Equestrian Center and 25 minutes from the famous Rainbow River, you’ll enjoy endless opportunities for kayaking, canoeing, tubing, and fishing in crystal-clear waters. Built with quality and attention to detail, this brand-new home offers modern finishes, a functional floor plan, and the comfort of low-maintenance living in a serene setting. Whether you’re an outdoor enthusiast or simply looking for a quiet retreat.

23396 Sw Anchor Boulevard, Dunnellon
23330 Sw Marine Boulevard, Dunnellon
$254,900
3 Beds ⋅ 2 Baths ⋅ Rainbow Lakes Estate SubDv. ⋅ 34431 Zip Code
Experience the peace and tranquility of country living in this Newer 3 bedroom 2 bath Home on a 1/2 Acre lot, Located in the up and coming neighborhood of Rainbow Lakes Estates just 30 minutes west Ocala, 15 minutes from Downtown Dunnellon where you will find Publix, Walmart and many other stores and great restaurants, and 30 minutes from the The Florida Nature Coast and Gulf Coast town of Crystal River. This home's upgrades include Stainless Steel Appliances, Wood Cabinets with soft close hinges, Granite Countertops in Kitchen and Baths, Tile Shower and bath, Luxury Vinyl Plank Flooring in main areas with carpet in all bedrooms, and 10 x 10 patio. As an added bonus, the 2 car garage is equipped with garage door opener and wireless keypad. Concrete Block Construction and Energy efficient windows will keep your energy costs low. Love the Community you live in! Rainbow Lakes Estates offers a Community Center, Fitness Center and a Recreational Park which include playgrounds, tennis courts, racquetball courts, basketball courts, baseball field, walking trails, a boat ramp to Tiger Lake, and picnic pavilions. You get all of this with NO HOA. Rainbow River and Rainbow Springs are part of Marion County's Top outdoor attractions and are only a short 10 minute drive from Rainbow Lakes Estates. Enjoy the crystal clear water for kayaking, tubing and outdoor fun. Play a round of golf just 15 minutes away at Nationally recognized Juliette Falls Championship Golf Course. In a short 25 minute drive you can visit The World Equestrian Center in Ocala, The largest equestrian complex in the United States. Whether you enjoy outdoor activities and adventure, or prefer to relax and enjoy the beauty of nature, you'll love calling Rainbow Lakes Estates your home. Close enough to everything with quiet country living!

23330 Sw Marine Boulevard, Dunnellon
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