SW 54TH STREET, DUNNELLON, FL, 34431
Pending373 days on marketListed Jul 29, 2025MLS #TB8411886
About this home
SW 54TH STREET
PREMIUM 1.06-ACRE CORNER LOT | HIGH & DRY | NEAR RAINBOW SPRINGS | READY TO BUILD | RAINBOW LAKES ESTATES Build your dream home on this exceptional 1.06-acre corner lot in the growing community of Rainbow Lakes Estates. Ideally located just minutes from Rainbow Springs State Park, this beautiful homesite is flat, high and dry, and ready for your custom home or future investment. Positioned on a desirable corner with road frontage on two sides, the property offers outstanding design flexibility, easy access, and excellent curb appeal. Electricity is available along both road frontages, helping simplify the building process. One of the biggest advantages of this property is its location. Just a short drive from the crystal-clear waters of Rainbow Springs and the Rainbow River, you'll enjoy kayaking, tubing, swimming, boating, hiking, and some of Florida's most beautiful natural scenery right at your doorstep. The neighborhood continues to experience strong growth, with numerous new custom homes under construction nearby, making this an excellent opportunity for homeowners, builders, and investors looking to purchase in an area with increasing demand. Conveniently located near Dunnellon, shopping, restaurants, medical facilities, golf courses, and outdoor recreation, this oversized homesite offers the perfect combination of privacy, space, and accessibility. Large, buildable corner lots this close to Rainbow Springs are becoming increasingly rare. Whether you're planning to build now or invest for the future, this is an opportunity you won't want to miss.
Facts & features
The home at a glance
1.06 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$431 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$431/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Dunnellon
Get to know Dunnellon. See the full Dunnellon guide →
DUNNELLON 34431 — neighborhood snapshot
Population
8,663
Median age
55.4
Median income
$51,542
Median home value
$185,200
Avg household
2.2
Households w/ children
570
The numbers that matter
The Dunnellon market
$265K → $280K
Dunnellon median sold, yr/yr
98.1%
Sale-to-list ratio (12 mo)
Median sold price, Dunnellon, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 5% above the DUNNELLON 34431 median. See the full Dunnellon market guide →
Paper trail
This home's history
Reality check
What actually sold near SW 54TH STREET
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Aug ’25$259,000
5118 SW 197TH TERRACE · same community
2 bd · 2 ba · 1,185 sqft · $219/sqft · 126 DOM
Sold · May ’26$275,000
5310 SW 199TH COURT · same community
3 bd · 2 ba · 1,311 sqft · $210/sqft · 2 DOM
Sold · May ’26$110,000
5435 SW 204TH AVENUE · same community
4 bd · 2 ba · 1,456 sqft · $76/sqft · 56 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about SW 54TH STREET — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for SW 54TH STREET — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
SW 54TH STREET FAQs
What would the monthly payment be for SW 54TH STREET?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $431/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on SW 54TH STREET?+
The most recent tax bill on record (2024) was $223. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Dunnellon?+
At $39,900, this home is listed about 87% below the Dunnellon median of $299,995. The market section on this page shows how the area is trending.
Keep looking
Similar homes nearby
Listing courtesy of STAR BAY REALTY CORP. · Marcus De Matos, Pa. MLS #TB8411886.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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