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Lakefront Residential Land Opportunity
For Sale
$50,000

SW SHOREWOOD Drive lot 476 & 477, Dunnellon, FL 34431

Land, DUNNELLON, FL

Property SizeContact for details
Lot Size0.31 Acres
Days on Market356

Property Features for SW SHOREWOOD Drive lot 476 & 477

General Information

Property type Land
Property subtype Other
Zoning R1
Pets allowed Yes
Subdivision RAINBOW LAKES ESTATE
Elementary school Romeo Elementary School
Middle school Lake Weir Middle School
High school Dunnellon High School
Directions US-41 S, Turn right onto SW Rainbow Lakes Blvd 4.4 mi Turn left onto SW Deepwater Ct 0.2 mi Turn right onto SW Shorewood Dr Destination will be on the right 0.4 mi 476 SW Shorewood Dr, Dunnellon, FL 34431
Standard status Active
APN 1813-002-476
Lot size 0.31 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description SEC 31 TWP 15 RGE 18 PLAT BOOK G PAGE 007 RAINBOW LAKES ESTATES SEC L BLK 2 LOTS 476.477
Tax Annual Amount 315
Legal Description SEC 31 TWP 15 RGE 18 PLAT BOOK G PAGE 007 RAINBOW LAKES ESTATES SEC L BLK 2 LOTS 476.477

Utilities

Utilities Electricity Available
Sewer type Septic Needed
Water source Well Needed
Listing Agency: LOKATION
Listed By: Nathan Klutznick · License #3130203
Added: Sep 22, 2025 Changed: Aug 20 Last Checked: Sep 12 at 1:06AM
MLS# TB8431589

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.

Two adjoining wooded lots (Lots 476 and 477) totaling approximately 0.31 acres offer lake frontage on Bonable Lake in Rainbow Lakes Estates. The property is located on paved SW Sherwood Drive, with nearby electric service available, and will require well and septic.

The lots are zoned R-1 for single-family homes. Rainbow Lakes Estates includes parks, playgrounds, tennis courts, fishing, and a community boat ramp, and a voluntary Property Owners Association is available with optional membership.

The property is subject to existing liens, including an IRS lien and county assessments, which are expected to be resolved or satisfied at closing. Buyers are advised to complete due diligence regarding association matters, county road assessments, and recorded encumbrances.

Key Highlights

  • Lakefront property on Bonable Lake with about 70 ft of lake frontage
  • Two adjoining wooded lots (Lots 476 and 477) totaling approximately 0.31 acres
  • Located on paved SW Sherwood Drive with nearby electric service

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

Top Pick Gym & Fitness Center Pet Store

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

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

10
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Two adjoining wooded lots with about 70 feet of lake frontage on paved SW Sherwood Drive, zoned R-1.
Where is this residential land & home lot located?
The property is located at SW SHOREWOOD Drive lot 476 & 477 Dunnellon, FL.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: Lakefront property on Bonable Lake with about 70 ft of lake frontage; Two adjoining wooded lots (Lots 476 and 477) totaling approximately 0.31 acres; Located on paved SW Sherwood Drive with nearby electric service
More about this property
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