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Homesite in Rainbow Lakes Estates
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24394 NW WATER OAK Avenue, Dunnellon, FL 34431

Land, DUNNELLON, FL

Property SizeContact for details
Lot Size0.24 Acres
Days on Market230

Property Features for 24394 NW WATER OAK Avenue

General Information

Property type Land
Property subtype Other
Zoning R1
Subdivision RAINBOW LAKES ESTATE
Directions Heading West on SE 80th St, T/L on to Ridgewood Rd, T/L on to Falcon Ave, T/R on to Redwood Rd, T/L onto NW Water Oak Ave. The lot will be on your right just over 1/2 way to the first house. This lot has the address of 24394. GPS: 29.190356, -82.525862
Standard status Active
APN 1814-020-006
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description SEC 07 TWP 15 RGE 18 PLAT BOOK G PAGE 059 RAINBOW LAKES ESTATES SEC M BLK 20 LOT 6
Tax Annual Amount 193
Legal Description SEC 07 TWP 15 RGE 18 PLAT BOOK G PAGE 059 RAINBOW LAKES ESTATES SEC M BLK 20 LOT 6

Utilities

Sewer type Septic Needed
Water source Well Needed
Listing Agency: PLATINUM HOMES AND LAND REALTY
Listed By: Stephen Sturgill · License #3362633
Added: Jan 20 Changed: Aug 19 Last Checked: Sep 7 at 9:06PM
MLS# OM717062

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located in Rainbow Lakes Estates, this R-1 zoned homesite is situated on a paved road and surrounded by newer homes. The property offers flexibility to build now or secure it as a long-term investment, with no HOA restrictions. The location provides access to Rainbow Springs State Park, the Rainbow River, and local shopping and dining. Additional lots are available.

Key Highlights

  • R‑1 Zoned Homesite in Rainbow Lakes Estates
  • Located on a Paved Road Surrounded by Newer Homes
  • No HOA (Flexibility to Build Now or Later)

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5
Businesses Nearby

Demographics for 34431, FL

8,589
Population
4,744
Households
1.8
Avg Household Size
56
Median Age
14%
College-Educated
85%
High-School Grad
104.2 sq mi
ZIP Area
82
Density / Sq Mi
$51,542
Median Household Income
$38,477
Median Earnings
$858
Median Rent
$185,200
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Land - R-1 zoned homesite near Rainbow Springs State Park.
Where is this land located?
The property is located at 24394 NW WATER OAK Avenue Dunnellon, FL.
What are key features of this property?
This property features: R‑1 Zoned Homesite in Rainbow Lakes Estates; Located on a Paved Road Surrounded by Newer Homes; No HOA (Flexibility to Build Now or Later)
More about this property
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