Listing Details for MLS #OM725130
1136 Sw Shorewood Drive, Dunnellon, Fl

Residential Property - Single Family Residence in Dunnellon

Listing Price: $299,900 (Mortgage Calculator →)Days on Market: 1Cumulative Days on Market: 182

Description of Property

!!!Beautifully Updated Lakefront Home in Rainbow Lakes Estates!!! Welcome to this move-in-ready 2-bedroom, 2-bath home situated on a spacious .59-acre lot overlooking Tiger Lake in desirable Rainbow Lakes Estates. Completely renovated from top to bottom, this charming waterfront property combines modern upgrades, comfortable living spaces, and peaceful natural surroundings. Inside, you’ll find a bright open floor plan featuring a beautifully updated kitchen with granite countertops, stainless steel appliances, and a large center island perfect for entertaining. Waterproof luxury vinyl plank flooring flows throughout the home, while updated bathrooms, modern fixtures, and fresh interior and exterior paint create a clean, contemporary feel. The spacious Florida room, complete with its own mini-split system, offers additional year-round living space and relaxing views of the lake. Major improvements include energy-efficient vinyl windows, blown-in insulation, upgraded lighting, a 200-amp electrical panel, Roof replaced in 2021, and HVAC updated in 2017. Step outside to enjoy the brick paver patio, newly built dock, utility shed, attached 1-car garage, and covered carport — all designed to make the most of Florida outdoor living. Residents of Rainbow Lakes Estates enjoy access to a variety of community amenities including a clubhouse, fitness center, community center, youth center, playgrounds, tennis courts, basketball courts, and nearby parks and recreation areas. Conveniently located near Dunnellon, you’ll be just a short drive from shopping, dining, and outdoor adventures on the Rainbow River and Withlacoochee River. With its updated interior, peaceful setting, and proximity to popular outdoor recreation destinations, this property also offers excellent potential as a short-term rental, vacation getaway, or seasonal investment property. Tiger Lake is currently experiencing historically low water levels due to the significant drought cycle affecting much of North Central Florida. Similar conditions have only occurred one other time in nearly 30 years. For buyers looking toward the future, this presents a rare opportunity to purchase waterfront property while pricing reflects current conditions, offering potential long-term value as regional water levels recover with future rainfall cycles.The average asking price for a 2 bedroom/2 bath single family residence in this Zip code is $261,400. This single family residence is listed at about 115% of the average asking price. There are 8 2 bedroom/2 bath homes between $200,000 and $400,000 currently listed for sale in this Zip code. See other listings like this one »