Situated in the heart of Rainbow Lakes Estates, this 0.99 residential lot measures 135 by 320 feet. Located outside the flood zone, with no wetlands, this lot is shovel-ready and primed for development. Rainbow Lakes Estates Florida is an unincorporated community in Marion County. Rainbow Lakes Estates is located just north of Rainbow Springs and Dunnellon and about 20 miles south of Williston on U.S. HWY 41. This is a quaint little place to live.