Under contract-accepting backup offers. Welcome to Rainbow Lakes Estates! Located in a growing subdivision of new and existing construction homes but with NO HOA fees. This area is high and dry and full of nature! Enjoy all that nature has to offer with 3 nearby lakes and Rainbow Springs State Park is just a short drive away. Build your dream home on this 0.99 almost a full acre lot. This lot is zoned R1 which only allows for a single-family homes to be built. This community has two boat ramps, a community center with rentable rooms for your events, a park, playground, basketball courts, tennis courts and a fishing pier just right down the street. A quick commute to Downtown Dunnellon for shopping, banking and restaurants. Come make this your very own space to spread out and enjoy the Florida Life!