Nestled within Dunnellon's Rainbow Lakes Estates, this adorable home has a wonderful location with plenty of potential uses! Overlooking more than half-an-acre, the home offers a total of 1-bedroom and 1-bath and has a variety of recent updates that include new paint inside and out, new wood-look luxury vinyl flooring, refinished cabinets, new roof, new HVAC mini split system, and a new electric water heater. Beyond the home, the property also includes a dedicated RV hook-up with power, water, and septic for additional guest options. The backyard is well-suited for entertaining, with an above-ground pool, fire pit, and covered gazebo that provides perfect shade during the warmer months. An 18 x 19 carport is also on property, and includes a separate electrical panel. This property would be well-suited for use as a rental or potential Airbnb or VRBO if desired– Rainbow Springs State Park's crystal clear waters are just a 10 minute drive away, while the popular World Equestrian Center is just 30 minutes for year-round equestrian events. The Goethe State Forest is also conveniently close to the property, offering some unique outdoor options for those looking to experience more of the area's natural side. If you're looking for a wonderful investment option or a cozy residence, this property is the perfect opportunity to consider!