Residential Property - Single Family Residence in Dunnellon
Listing Price: $650,000 (Mortgage Calculator →)
Description of Property
Welcome to a rare opportunity on a canal directly connected to the world-famous Rainbow River in Dunnellon—one of Florida’s most pristine and protected spring-fed waterways. This 3-bedroom, 2-bath, 2-car garage home offers 1,533 sq ft of heated living space and sits high and dry with no history of flooding. Built in 1964, the structure is solid, well maintained, and freshly painted—providing a clean slate for personalization or value-add improvements. The true value is outside: significant water-frontage on a calm canal with direct access to the Rainbow River. Spend your days kayaking, paddleboarding, tubing, swimming, snorkeling, or simply enjoying the abundant wildlife, including otters, turtles, and native birds—all from your backyard. With crystal-clear spring-fed water, quiet no-wake surroundings, and uninterrupted natural views, this setting delivers the kind of daily lifestyle typically reserved for far higher-priced waterfront estates. Recent major upgrades provide peace of mind: New roof (2019) New 3-ton HVAC system (2024), 14.3 SEER Electrical panel upgraded to 200 amps (2024) Additional features include a short horseshoe driveway, no HOA, and zoning flexibility—making this an excellent primary residence, second home, or investment property. Properties with direct Rainbow River access are increasingly scarce; the location is irreplaceable.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Dunnellon
County: Marion
Subdivision: Rippling Waters
Bedrooms: 3
Bathrooms: 2
Sq. Ft. Gross: 2,355
Sq. Ft. Living Area: 1,533
Cost per (heated) sqare foot: $424
Year built: 1964
Annual Tax: $5,226
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: Refrigerator
Fireplace: Yes
Fireplace Features: Wood Burning
Additional Rooms: Family Room
Flooring: Ceramic Tile
Schools
Elementary School: Dunnellon Elementary School
Middle/Junior High School: Dunnellon Middle School
High School: Dunnellon High School
Pool & Waterfront Info
Private Pool: Not specified
Water Front: Yes
Water Frontage: River Front
Water Access: Yes
Water Access Type: River
Water Name: RAINBOW RIVER
Exterior & Construction
Architectural Style: Ranch
Construction: Stucco
Foundation: Slab
Roof: Shingle
Exterior Features: Rain Gutters
Garage: Yes
Garage Spaces: 2
Parking Features: Driveway
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Heat Pump
Patio & Porch Features: Rear Porch
View: Water
Fencing: Chain Link
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Size (acres): 0.22
Lot Size (sq. ft.): 9,583 square feet
Lot Dimensions: 72 x 135
Front Exposure: East
Legal Description & Other Information
Financing Available: VA Loan
Parcel Number: 3382001000
Zoning: R3A
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: SEC 35 TWP 16 RGE 18 PLAT BOOK G PAGE 057 RIPPLING WATERS LOT 1 & THAT PART OF LOT 7 BLK 26 MINNETRISTA WHICH LIES NORTH OF NORTH LINE OF LOT 1 RIPPLING WATERS
Section: 35
Range: 18E
Listing courtesy of COLDWELL BANKER NEXT GENERATIO. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.