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This classic WATERFRONT home is perfectly situated along the stunning banks of the Rainbow River in downtown Dunnellon, Florida. Upon entering, your eyes are immediately drawn to the crystal-clear water beyond the lanai, where you can envision yourself sipping morning coffee while enjoying the soothing sounds of nature and watching the sun's golden rays dance upon the water in the early dawn. Spanning a generous 2, 162 square feet of interior living space and about 135 feet of waterfrontage, this home radiates potential and allure, eagerly awaiting new owners to revive it and make it their own! This 4-bedroom, 2. 5-bathroom, 2-car garage home has ample space for family and friends to enjoy multiple private and shared living areas with breathtaking views of the Rainbow throughout. Its 1973 vintage “Old Florida” charm echoes a familiar architectural style often seen along the river. Yes, it needs updating, but its layout is the perfect canvas for crafting a personal haven that mirrors your unique style and vision. This home sits on a very comfortable . 26-acre parcel, with several gorgeous bottle brush trees around the home, blooming red blossoms intermittently throughout the year. With the ROOF and HVAC UPDATED in 2019, the rest of the home presents a blank slate for your imagination, poised to transform into a sanctuary where cherished memories are forged. Best of all, this home is situated across from a nature preserve, providing a lifetime of privacy across the way! For those unfamiliar with the Rainbow, the water is 72 degrees year-round and sourced from a First Magnitude Spring flowing from Rainbow Springs State Park, pumping over 400 million gallons of fresh spring water daily. This gives you about 5. 7 miles of unique crystal-clear water for swimming, boating, tubing, and paddling adventures until it converges with the Withlacoochee River, which offers many more miles of exploration without ever getting bored with the same scenery! Just want to chill? Fish right off the dock, birdwatch, host barbecues, or simply relax in the radiant afternoon sun. Feel the need to explore more? This home is centrally located to local restaurants, shopping, amenities, and parks. It is also directly across from the Dunnellon Nature/Bike Trail, which leads to the Withlacoochee Trail - a sought-after destination for outdoor enthusiasts, giving you about 46 miles of outside adventure, and allowing you to traverse some of Florida's most unique forests and wetlands. This home is also within 30 minutes of Ocala and the World Equestrian Center, about an hour from Gainesville, and less than two hours from Orlando and Tampa airports, theme parks, and some of Florida's best beaches. Seize this opportunity to breathe new life into this lovely dwelling along the Rainbow River, and create the dream home or vacation retreat you’ve always envisioned! Let the adventure begin, and call today to set your appointment!
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William Raveis Real Estate
Phone: 888.699.8876
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $720,000 | $720,000 | $720,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.312% | 6.385% | 6.223% |
| Monthly Tax Payment | $242 | $242 | $242 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,259 | $4,433 | $6,076 |
| Total Monthly Payment | $4,593 | $4,767 | $6,410 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.