Donna Hodges

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Listing provided courtesy of STAR BAY REALTY CORP.as Distributed by MLSGrid- MLS# MFRTB8411886MLS Provider

SW 54TH STREETDUNNELLON, FL 34431

Vacant Land · 1.06 Acres
$42,490 Active

SW 54TH STREET Overview

Time on Site:
336 days
Visits:
1

**PREMIUM 1.06-ACRE CORNER LOT IN RAINBOW LAKES ESTATES – PRICE REDUCED!** Exceptional opportunity to own one of the most desirable buildable lots in **Rainbow Lakes Estates**. This expansive **1.06-acre corner parcel** at **SW 54th Street & SE 106th Avenue** is level, high and dry, and ready for development. With **electricity available on both road frontages**, this property offers flexibility and convenience for your custom home, spec build, or long-term investment. Located in a rapidly growing area with substantial new construction activity, this neighborhood continues to attract buyers seeking larger homesites and modern residences. The surrounding market has experienced strong appreciation, making this an excellent opportunity for builders, investors, and future homeowners alike. Enjoy a prime location just minutes from **Rainbow Springs State Park**, **Rainbow River**, **Rainbow’s End Golf Club**, shopping, dining, and outdoor recreation. Large corner lots with this combination of size, location, and buildability are becoming increasingly difficult to find.

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SW 54TH STREET Facts & Features

  • Type Vacant Land
  • Lot 1.06 Acres

Details

General

Association/HOA

  • Association: No

Business Information

  • Current Use: Residential

Location/Region

  • Country: US
  • County Or Parish: Marion
  • MLS Area Major: 34431 - Dunnellon
  • Subdivision Name: RAINBOW ACRES
  • Township: 15

Tax Information

  • Tax Annual Amount: 223
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Conventional
  • Ownership: Fee Simple
  • Parcel Number: 1754-000-032
  • Property Type: Land
  • Special Listing Conditions: None
  • Zoning: R1

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Units: Square Feet

General Information

  • Living Area Units: Square Feet

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Features: Buildable,Corner Lot,Level,Oversized Lot,Rural,Paved
  • Lot Size Acres: 1.06
  • Lot Size Dimensions: 401x115
  • Lot Size Square Feet: 46174
  • Road Surface Type: Asphalt
  • Water Source: None

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Direction Faces: East

General Information

  • Road Frontage Type: Access Road,County Road
  • Sewer: None
  • Utilities: BB/HS Internet Capable,Electrical Nearby,Phone Available

SW 54TH STREET Neighborhood

Community

34431 (DUNNELLON) Demographics

56
Median Age
71
Population Density (per sq. mile)
23%
College Educated
$40,582
Estimated Median Income
3,126
Estimated Total Home Owners
587
Estimated Total Renters
84% / 16%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data unavailable, School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

SW 54TH STREET Market Data

Based on the last 30 days in this zip code

$335,995
Average List Price
$210
Average Price per Square Foot
31
Properties Sold
96
Average Days on Market
178
Properties for Sale
Calculations provided by Reliance Network

SW 54TH STREET History

Date Event Value Agent
6/2/2026Source: My Florida Regional MLS Price Increase
$42,490 16.4%
5/18/2026Source: My Florida Regional MLS Price Reduction
$36,500 -3.9%
4/25/2026Source: My Florida Regional MLS Price Reduction
$37,990 -4.8%
4/7/2026Source: My Florida Regional MLS Price Reduction
$39,900 -11.3%
2/27/2026Source: My Florida Regional MLS Price Increase
$45,000 4.9%
1/29/2026Source: My Florida Regional MLS Price Reduction
$42,900 -4.7%
12/8/2025Source: My Florida Regional MLS Price Increase
$45,000 15.7%
10/23/2025Source: My Florida Regional MLS Price Reduction
$38,900 -2.5%
9/17/2025Source: My Florida Regional MLS Price Reduction
$39,900 -7.0%
7/31/2025Source: My Florida Regional MLS Added to Database
July 29, 2025
10/14/2022Source: My Florida Regional MLS Added to Database
October 14, 2022