20687 SW 59TH LANE, Dunnellon, FL, 34431 | $399,900

One or more photo(s) has been virtually staged. Nestled on an oversized lot with nearly 2-acres of space within Rainbow Acres, this like-new move-in ready home was constructed in 2022 and offers the perfect blend of modern comfort and outdoor opportunity. Offering a total of 3-bedrooms and 2-baths with 1, 229 sqft of space, the home is thoughtfully designed for easy living and lasting durability. Inside, the home features porcelain tile flooring throughout, tall vaulted ceilings, and abundant natural light throughout. The living and dining rooms are incredibly welcoming, ideal for entertaining or everyday living. The kitchen is nicely designed with granite countertops, plenty of cabinet storage, stainless steel appliances, an additional pantry, and easy access to the laundry room. The primary suite is a comfortable retreat that features a walk-in closet and a well-appointed en-suite with a walk-in shower and modern finishes. Two additional guest bedrooms are in place, with plenty of potential for use as a home office or hobby space if desired. A sliding glass door in the living area opens up to the spacious rear TREX deck which was built in 2024, the perfect place to enjoy evening gatherings, a morning coffee, or simply enjoy peaceful views of the backyard. For those needing workspace, storage, or room for projects, the brand-new 26x80' workshop is a standout feature complete with reinforced concrete slab that could hold a lift. This impressive structure provides abundant space for equipment, vehicles, hobbies, or business needs, making it an exceptional addition to the property. Located just a short drive from Rainbow Springs State Park, the Rainbow River, the Goethe State Forest, and the town of Dunnellon, this property offers easy access to a variety of outdoor recreation without losing convenient access to a variety of shopping, dining, and entertainment options. Both Ocala and Gainesville are a scenic commute away, opening up even more options for those looking to get the most out of North Central Florida. This move-in ready home combines modern construction, generous land, and a substantial workshop—an ideal opportunity for those seeking space, functionality, and proximity to one of Florida’s most treasured natural destinations!

Features

  • Rooms: 3
  • Bedrooms: 3
  • Baths: 2 full
  • Lot Size: 200 x 390
  • Laundry: Inside
  • Style: Florida
  • Year Built: 2022
  • Garage: 1-car Driveway, Off Street
  • Heating: Heat Pump
  • Cooling: Central Air
  • Approx Sq. Feet: 1,229
  • Acreage: 1.8
  • Lot Size: 200 x 390
  • Est. Taxes: $3,462
  • Lot Desc: In County, Oversized Lot
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: OM718696
  • Days on Market: 28 days
  • Website: https://www.raveis.com
    /prop/OM718696/20687sw59thlane_dunnellon_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 4/10/2026 6:47:12 PM)
Listing courtesy of SHOWCASE PROPERTIES OF CENTRAL   Phone: 352-351-4718

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

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20687 SW 59TH LANE, Dunnellon, FL, 34431

$399,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $319,920 $319,920 $319,920
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.250% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.357% 6.431% 5.668%
Monthly Tax Payment $289 $289 $289
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,892 $1,970 $2,593
Total Monthly Payment $2,255 $2,333 $2,956

* 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.