Rainbow Springs, Dunnellon, FL, Real Estate

Rainbow Springs is a stunning natural gem, home to one of the state's largest first-magnitude springs and the crystal-clear headwaters of the Rainbow River. This enchanting spot in Rainbow Springs State Park boasts sapphire-blue waters that maintain a refreshing 72°F year-round, fed by powerful underground vents that produce hundreds of millions of gallons of pristine water daily. Visitors can swim in the inviting headspring area, tube or kayak along the gentle, scenic river surrounded by lush forests, moss-draped oaks, and vibrant gardens, or explore shaded trails featuring historic elements like human-made waterfalls from its days as a mid-20th-century tourist attraction. With abundant wildlife, picnic spots, and a serene escape into Florida's natural beauty, Rainbow Springs offers a magical blend of relaxation and adventure just north of Dunnellon.

Rainbow Springs currently has 92 single family homes for sale with an average list price of $395,501.41 and 24 lots for sale with an average list price of $58,958.29. The average annual property tax for Rainbow Springs is $2,034.27.

Current Homes for Sale

Schools

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What's Hot & What Not

Absorption Report Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Rainbow Springs, i.e. what's hot and what's not.

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Recent Sales

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Subdivisions

Subdivisions Median Price
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Country Club Estates

Country Club Estates is a single-family home community in the Rainbow Springs neighborhood of Dunnellon, Florida, built between 1980 and 2026. It currently has 23 single family homes for sale with an average list price of $357,315.22 and 5 lots for sale with an average list price of $36,860. The homes range in size from 1,189 ft2 to 2,948 ft2. The HOA fees range from $8 to $250 per month. The average annual property tax for Country Club Estates is $2,165.57. It is located in Marion County. ... Read more
Median Price: $279,950
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Fairway Estates West

Fairway Estates West is a single-family home community in the Rainbow Springs neighborhood of Dunnellon, Florida, built between 1998 and 2000. It currently has no homes for sale. The homes range in size from 2,047 ft2 to 2,704 ft2. The HOA fees range from $8 to $22 per month. The average annual property tax for Fairway Estates West is $3,379.79. It is located in Marion County. ... Read more
Median Price: $399,000
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Fox Trace

Fox Trace is a single-family home community in the Rainbow Springs neighborhood of Dunnellon, Florida, built between 1999 and 2006. It currently has 2 single family homes for sale with an average list price of $379,750. The homes range in size from 1,933 ft2 to 3,206 ft2. The HOA fees range from $8 to $219 per month. The average annual property tax for Fox Trace is $3,277.39. It is located in Marion County. ... Read more
Median Price: $370,000
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Grand Park

Grand Park is a single-family home community in the Rainbow Springs neighborhood of Dunnellon, Florida, built between 2004 and 2025 by Lennar. It currently has 11 single family homes for sale with an average list price of $369,580. The homes range in size from 1,870 ft2 to 3,038 ft2. The HOA fees range from $19 to $44 per month. The average annual property tax for Grand Park is $2,548.03. It is located in Marion County. ... Read more
Median Price: $325,310
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Grand Park North

Grand Park North is a single-family home community in the Rainbow Springs neighborhood of Dunnellon, Florida, built between 2006 and 2025 by Lennar. It currently has 7 single family homes for sale with an average list price of $383,971.43. The homes range in size from 1,623 ft2 to 2,693 ft2. The HOA fees range from $14 to $308 per month. The average annual property tax for Grand Park North is $1,561.47. It is located in Marion County. ... Read more
Median Price: $334,985
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Subdivisions

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Market Trends

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Real Estate News

New Homes For Sale This Week in Rainbow Springs: March 27th to April 2nd

New Homes For Sale This Week in Rainbow Springs: March 27th to April 2nd - April 3, 2026

Rainbow Springs had 5 new homes for sale during the week of Friday, March 27 to Thursday, April 2, including including 3 single family homes for sale with an average ... continue reading
Homes Just Sold in Rainbow Springs: March 24th to March 30th

Homes Just Sold in Rainbow Springs: March 24th to March 30th - March 31, 2026

Rainbow Springs had 2 sales during the week of Tuesday, March 24 to Monday, March 30, including including 2 single family homes for sale with an average list price of ... continue reading
New Homes with In-ground Swimming Pools in Rainbow Springs: March 22nd to March 28th

New Homes with In-ground Swimming Pools in Rainbow Springs: March 22nd to March 28th - March 29, 2026

Rainbow Springs had new homes for sale with an in-ground swimming pool during the month of Sunday, March 22 to Saturday, March 28, including 3 single family homes for ... continue reading
New Homes For Sale This Week in Rainbow Springs: March 20th to March 26th

New Homes For Sale This Week in Rainbow Springs: March 20th to March 26th - March 27, 2026

Rainbow Springs had 6 new homes for sale during the week of Friday, March 20 to Thursday, March 26, including including 6 single family homes for sale with an average ... continue reading
New Construction Homes For Sale This Week in Rainbow Springs: March 18th to March 24th

New Construction Homes For Sale This Week in Rainbow Springs: March 18th to March 24th - March 25, 2026

Rainbow Springs had only 1 new construction home during the week of Wednesday, March 18 to Tuesday, March 24, and it was a single family home for sale with a ... continue reading
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