427 SW ALVAREZ ROAD Dunnellon, FL $ 218,990
427 SW ALVAREZ ROAD
$ 218,990
New Construction
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427 SW ALVAREZ ROAD

Dunnellon, FL, 34431
$ 218,990
Bedrooms3 Baths2.0 Sq 1,140

Monthly Estimate*

$ 1,348

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Single Family Home for sale in Dunnellon, FL

for $218,990 with 3 bedrooms and 2 full baths. This 1,140 square foot home was built in 2026 on a lot size of 0.25.

One or more photo(s) has been virtually staged. Under Construction. PRICE REDUCED, NEW CONSTRUCTION, ALMOST COMPLETE, DON’T MISS IT This brand-new 2026 single-level home in Rainbow Lakes Estates, Dunnellon is nearly finished, offering a rare opportunity to secure new construction without the long wait. The open living and dining area features high ceilings, recessed lighting, and sliding glass doors that bring in natural light and lead to the backyard. The kitchen includes white cabinetry, granite-style countertops, and upgraded Whirlpool stainless steel appliances. The primary suite offers a walk-in closet and private bath with a walk-in shower and matte-black fixtures. Additional highlights include luxury vinyl plank flooring throughout, an indoor laundry room with sink and built-ins, ample storage, and energy-efficient concrete block construction. No HOA. Conveniently located just minutes from Rainbow Springs State Park, the Withlacoochee River, and the World Equestrian Center. Now offered at a newly reduced price, opportunities like this don’t stay available for long. One or more photos have been virtually staged.

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Single Family Active

Price

$ 218,990

Bedrooms

3

Full Bath

2

Property Type

Single Family

Taxes

$ 221

Style

Single Family Residence

Lot Size

0.25

Year Built

2026

Town/City

Dunnellon

County/Region

Marion

MLS | Web ID

O6350267

Features
General
Sewer Septic Tank
Heating Central
Cooling Central Air
Utilities Electricity Connected
Roof Shingle
Appliances Convection Oven Dishwasher Electric Water Heater Microwave Refrigerator
Zoning R1
Garage Spaces 1
Construction Materials Block
Year Built 2026
Levels One
Property Subtype Single Family Residence
Tax Year 2024
Ownership Fee Simple
Community Features Park
County Marion
New Construction true
Property Type Residential
Attached Garage true
Subdivision Name RAINBOW LAKES ESTATES
Facing Direction Southwest
Garage Y/N true
Total Rooms 3
Full Baths 2
Status Active
Directions From US-41 / SW Highway 200 / W Pennsylvania Ave in Dunnellon head southwest on SW Highway 200 / W Pennsylvania Ave toward SW 33rd Avenue. Turn right onto SW 93rd Street / SW 93rd Avenue and continue approximately 2.4 miles. Turn left onto SW Alvarez Road. Continue on SW Alvarez Road for about 0.7 miles. Your destination 427 SW Alvarez Road will be on the left.
High School Dunnellon High School
City DUNNELLON
Senior Community Y/N false
MLS Area 34431 - Dunnellon
Lot Size Units Square Feet
Lot Size Square Feet 10890
Carport Y/N false
Listing Terms Cash Conventional FHA USDA Loan VA Loan
Elementary School Romeo Elementary School
Land Lease Y/N false
Tax Annual Amount 221.54
Middle/Junior High School Dunnellon Middle School
Property Condition Under Construction
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6350267
Building Area Units Square Feet
Living Area Units Square Feet
Builder Name HQ Construction
Standard Status Active
Occupancy Type Vacant
Tax Lot 43
Legal Description SEC 18 TWP 15 RGE 18 PLAT BOOK G PAGE 90A RAINBOW LAKES ESTATES RESUB OF SEC O BLKS 4 5 6 10 11 BLK 5A LOTS 43.44
Minimum Lease 6 Months
Water Access Y/N false
Water View Y/N false
Flood Zone Code x
DockY/N false
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Interior
Interior Amenities Walk-In Closet(s)
Flooring Luxury Vinyl Tile
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Laundry Features Electric Dryer Hookup Inside Washer Hookup
Total Bedrooms 3
Total Baths 2
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Exterior
Exterior Amenities Other
Parking Features Garage Door Opener
Water Source Well
Lot Size Area 10890
Foundation Details Slab
Building Area Total 1400
Lot Dimensions 77 x 143
Lot Size Acres 0.25
Road Surface Type Asphalt Paved
Private Pool false
Waterfront Y/N false
Covered Spaces 1
Builder Model El Doral
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* Excluded Features
List By
Wra Business & Real Estate

Broker

tatiestevanato@hotmail.com

Email

Affordability Calculator

$1,367
Per Month
99%
1%
0%
Monthly Principal & Interest
$1,348
Monthly Property Taxes
$18
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Dunnellon High School High School High School
Pricing History
DatePricePrice ChangeDescription
3/10/2026$218,990 -1.80% Price Down
2/11/2026$223,000 1.41% Price Up
1/28/2026$219,900 Listed Price

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427 SW ALVAREZ ROAD, Dunnellon, FL, 34431 is a Single Family Home for sale at $218,990 with 1,140 sqft and a lot size of 0.25. 427 SW ALVAREZ ROAD has 3 bedrooms, 2.0 baths, and was built in 2026. The property's zip code is 34431 which is in Dunnellon, FL