11635 E BLUE COVE DRIVE, Dunnellon, FL, 34432 | $1,555,000

Discover one of the most exceptional waterfront settings on the Rainbow River, where crystal-clear spring-fed waters meet privacy, space, and authentic Old Florida charm. This rare corner parcel offers approximately 200 feet of prime direct river frontage, capturing sweeping panoramic views and refreshing breezes, tucked away from tubers and boaters in a low-traffic corner of the river.

This spacious 4-bedroom, 3-full bathroom home with a 2-car garage features over 2, 200 square feet of thoughtfully designed living space. Highlights include a split-bedroom layout, abundant natural light, and a screened rear porch overlooking the river—ideal for entertaining or simply unwinding with breathtaking sunset views.

Key Features & Upgrades:
Approximately 200 feet of prime corner waterfront on the Rainbow River, complemented by expansive decking and multiple dock areas,
New boathouse with boat lift (2021),
New standing seam metal roof (2023),
Concrete seawall,
Granite countertops in the kitchen,
Large backyard shed for additional storage,
Whole-home central vacuum system,
Attached 2-car garage,
River-fed irrigation system,
Floating dock,

Step outside to your private waterfront oasis, complete with a newer covered boathouse and boat lift—ready for effortless days on the water. This peaceful stretch of the Rainbow River is in a protected no-wake zone, creating a mirror-like surface perfect for swimming, paddleboarding, kayaking, and floating right from your backyard.

Enjoy a rare and inviting water entry experience with a shallow wading area along the shoreline that gradually transitions to deeper water—ideal for all ages. Multiple access points include a ladder from the dock and a fun seat swing for an unforgettable entry into the river.

The water maintains a constant 72 degrees year-round, with pristine clarity that makes it feel like your own private natural spring. Enjoy a cleaner swimming area with a built-in river-fed dock system that gently pushes away floating debris—just turn the spigot, no effort needed.

Lifestyle & Location:
Nestled in the desirable Blue Cove community, this golf cart-friendly neighborhood features a low, non-mandatory HOA of just $100 yearly. Residents enjoy access to a private community park and a dock with boat ramp.

Located within city limits in a quiet, tucked-away setting with paved streets, the property has no minimum lease restrictions—making it an excellent choice for a full-time home, vacation retreat, or income-producing investment.

The unique peninsula-style positioning on this corner lot delivers enhanced privacy and expansive water views, creating a rare sense of openness. With recent waterfront upgrades, this home offers the perfect blend of a private oasis and exceptional positioning on one of Florida’s most iconic spring-fed rivers.

Live the Rainbow River lifestyle from your own backyard—an exceptional blend of rarity, tranquility, and unmatched natural beauty.

Features

  • Rooms: 3
  • Bedrooms: 4
  • Baths: 3 full
  • Lot Size: 111 x 137
  • Laundry: Inside
  • Year Built: 1995
  • Garage: 2-car Garage Door Opener
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,203
  • Acreage: 0.35
  • Lot Size: 111 x 137
  • Est. Taxes: $8,077
  • HOA Fee: $100 Annually
  • Lot Desc: Corner Lot, City Lot
  • View: Water
  • Elem. School: Dunnellon Elementary School
  • Middle School: Dunnellon Middle School
  • High School: Dunnellon High School
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer
  • MLS#: OM721673
  • Days on Market: 3 days
  • Website: https://www.raveis.com
    /eprop/OM721673/11635ebluecovedrive_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 4/13/2026 4:16:11 AM)
Listing courtesy of SELLSTATE NEXT GENERATION-DUNN   Phone: 352-433-2804

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

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:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Pedro DelgadilloInsurance Sales Director, William Raveis Insurance

305.922.5393

Pedro.Delgadillo@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

11635 E BLUE COVE DRIVE, Dunnellon, FL, 34432

$1,555,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,244,000 $1,244,000 $1,244,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.125% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.251% 6.235% 6.183%
Monthly Tax Payment $673 $673 $673
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,260 $7,559 $10,498
Total Monthly Payment $8,058 $8,357 $11,296

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.