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 and located in FEMA Flood Zone X. The property features paved frontage along SW Peacock Drive and is surrounded by established residences and newer construction. Its natural vegetation allows for selective land clearing and the design of the homesite around the owner's preferred layout. Private well and septic systems will be required. No HOA and No CDD! Rainbow Lakes Estates offers a relaxed Florida lifestyle with recreational amenities available to residents and property owners. Enjoy Sea Cliff Community Park with tennis, pickleball, basketball, and racquetball courts, a walking trail, softball field, and pavilions. Lake Bonable offers opportunities for swimming, canoeing, and fishing, while the community also features a youth center, a 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, dining, and everyday services are available in Dunnellon, with regional hospital care available at Tampa General Hospital Crystal River, AdventHealth Ocala, and HCA Florida Ocala Hospital. The Rainbow River and Rainbow Springs State Park provide additional opportunities for swimming, kayaking, tubing, fishing, and enjoying Florida's natural beauty. Build your future home or purchase now and hold for long-term investment while enjoying the recreation, natural surroundings, and small-town lifestyle of western Marion County. Qualified buyers may purchase with as little as a 20% down payment.