Under contract-accepting backup offers. Price Improvement! Waterfront Home with Detached Garage, Boathouse & Over an Acre on Lake Bonable. Experience the tranquility of waterfront living in this 3-bedroom, 2.5-bath home situated on over an acre in Rainbow Lakes Estates. This property offers approximately 288 feet of private lake frontage on Lake Bonable, the largest lake in the community. Lake Bonable is primarily fed by the Sand Slough watershed, which spans roughly 32.3 square miles and drains into the Waccasassa River basin. In addition to rainfall, groundwater contributes to sustaining lake levels year-round. The home features a modern kitchen with updated finishes that opens to a spacious dining area. A large great room includes a wood-burning fireplace, creating a warm and inviting atmosphere. The screened-in back porch and included hot tub provide the perfect space for relaxing and enjoying the peaceful views. Additional highlights include: Attached 2-car garage, detached 2-car garage/workshop, ideal for extra storage, vehicles, or hobby use, private boathouse, insulated attic with flooring for convenient storage, new dock boards just installed, well water line replace in 2025, windows replaced in 2023 and roof replaced in 2016. Rainbow Lakes Estates offers parks, walking trails, a clubhouse, and sports courts—with no HOA fees. Conveniently located near shopping, dining, and the natural beauty of Rainbow Springs, this property blends privacy, functionality, and scenic lakefront living.