Affordable Residential Homesite with Paved-Road Frontage in Rainbow Lakes Estates! This approximately 0.24-acre property contains approximately 10,454 square feet and measures approximately 70 feet wide by 150 feet deep, providing ample space for a future site-built single-family residence. Zoned R-1 residential, the property features paved frontage along SW Peacock Drive and is surrounded by established residences and newer construction. Its natural vegetation allows for selective clearing and the design of the homesite around the owner's preferred layout. No HOA and No CDD! Rainbow Lakes Estates offers recreational amenities available to residents and property owners. Sea Cliff Community Park features tennis, pickleball, basketball and racquetball courts, a walking trail, softball field and pavilions. Lake Bonable provides opportunities for swimming, canoeing and fishing. The community also offers a youth center, fitness center and organized clubs. Convenient access to U.S. Highway 41 and State Road 40 provides connections to Downtown Dunnellon, Ocala, Crystal River and Interstate 75. Shopping, supermarkets, restaurants, banking, schools, postal services and other everyday conveniences are available in the surrounding Dunnellon area. Nearby Rainbow Springs State Park is known for its beautiful natural surroundings and crystal-clear waters, with opportunities for swimming, kayaking, canoeing, tubing, hiking and picnicking. Build your future Florida home or purchase now and hold for long-term investment while enjoying the recreation and natural beauty of the Dunnellon area. Qualified buyers may purchase with as little as a 20% down payment.