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R-1 Residential Homesite Lot
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24394 Northwest Water Oak Avenue, Dunnellon, FL 34431

Residential land zoned R-1 on a paved road within Rainbow Lakes Estates, surrounded by newer homes.

Property SizeContact for details
Days on Market447

Property Features for 24394 Northwest Water Oak Avenue

General Information

Standard status Active
Property subtype Land
Zoning R1

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $193

Amenities

No
Square Feet
Listing Agency: PLATINUM HOMES AND LAND REALTY
Listed By: Stephen Sturgill · License #3362633
Source: Compass
Added: Jun 13, 2025 Changed: Aug 31 Last Checked: Aug 31 at 1:52AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PLATINUM HOMES AND LAND REALTY

Investment Insights

Based on property information with market context.

Now available in Rainbow Lakes Estates, this R-1 zoned residential homesite lot is located on a paved road and is surrounded by newer homes. The property is offered without an HOA, providing flexibility to build now or hold as a long-term investment.

The homesite is in Dunnellon, with Rainbow Springs State Park and the Rainbow River just minutes away, and local shopping and dining nearby.

Additional lots are available, and details can be provided upon request.

Key Highlights

  • R‑1 zoned homesite in Rainbow Lakes Estates
  • Located on a paved road and surrounded by newer homes
  • No HOA, with flexibility to build now or hold long‑term

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.

Lease Details

Yes
Paved road access

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?
Residential land & home lot - Residential land zoned R-1 on a paved road within Rainbow Lakes Estates, surrounded by newer homes.
Where is this residential land & home lot located?
The property is located at 24394 Northwest 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 and surrounded by newer homes; No HOA, with flexibility to build now or hold long‑term
More about this property
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