8985 SW 196TH TERRACE ROAD Dunnellon, FL $ 240,000
8985 SW 196TH TERRACE ROAD
$ 240,000
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8985 SW 196TH TERRACE ROAD

Dunnellon, FL, 34432
$ 240,000
Bedrooms2 Baths2.0 Sq 1,566

Monthly Estimate*

$ 1,478

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Single Family Home for sale in Dunnellon, FL

for $240,000 with 2 bedrooms and 2 full baths. This 1,566 square foot home was built in 1980 on a lot size of 0.46.

Opportunity knocks in one of Dunnellon's most coveted nature-centric communities. Nestled on a spacious, nearly half-acre lot in Rainbow Springs Country Club Estates, this 2/2/2 home is ready for its next chapter — and the setting alone is worth the drive. The front yard is graced with beautiful mature trees and lush landscaping, while the back of the property overlooks the tranquil old fairway, offering peaceful, open views that never get old. Imagine starting your mornings with coffee or tea on the back patio as the sun rises over the old golf course — watching the birds graze, listening to the quiet, and breathing in the fresh Florida air. When you're ready to explore, hop on your bike, golf cart, or take a stroll down the community trails to the clubhouse, or head to the private resident river park for an early morning paddle on the world-famous Rainbow River. New roof April 2026. HVAC 2015. The bones are here — bring your vision and transform this home into the retreat you've been dreaming of. Beyond your doorstep, you're just minutes from Rainbow Springs State Park, the beloved KP Hole County Park, downtown Dunnellon's waterfront dining, local shopping, and multiple grocery stores. Medical facilities, cultural amenities, and the vibrant communities of Ocala, Crystal River, and Inverness are all within approximately 20 minutes. And surrounding it all — miles of spring-fed rivers, crystal-clear estuaries, scenic chains of lakes, and some of Florida's most spectacular natural waterways to explore year-round. This is the Florida nature lifestyle at its finest. Schedule your private tour and discover the absolute beauty and tranquility this home and community embody.

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Single Family Active

Price

$ 240,000

Bedrooms

2

Full Bath

2

Property Type

Single Family

Taxes

$ 1,297

Style

Single Family Residence

Lot Size

0.46

Year Built

1980

Town/City

Dunnellon

County/Region

Marion

MLS | Web ID

OM723948

Features
General
Sewer Private Sewer
Heating Central
Cooling Central Air
Utilities Electricity Connected Water Connected
Roof Shingle
Appliances Dishwasher Dryer Range Refrigerator Washer
Zoning R1
HOA Fee 250
Garage Spaces 2
Construction Materials Block Stucco
Pets Allowed Yes
Year Built 1980
View Park/Greenbelt Trees/Woods
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
Assoc Fee Paid Per Annually
County Marion
New Construction false
Property Type Residential
Attached Garage true
Subdivision Name RAINBOW SPGS COUNTRY CLUB ESTATE
Facing Direction West
Garage Y/N true
Total Rooms 6
Full Baths 2
Status Active
Directions From US 41 turn east on SW 88th Pl Rd turn right on SW 198th Ct turn right on SW 197th Cir house on the left
High School Dunnellon High School
City DUNNELLON
Body of Water RAINBOW RIVER
Association Name Rainbow Springs POA / Kimberly
Senior Community Y/N false
MLS Area 34432 - Dunnellon
Lot Size Units Square Feet
Lot Size Square Feet 20038
Carport Y/N false
Elementary School Dunnellon Elementary School
Land Lease Y/N false
Tax Annual Amount 1297.71
Middle/Junior High School Dunnellon Middle School
Property Condition Fixer
Additional Parcels Y/N false
Lease Considered Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/OM723948
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Tax Lot 43
Legal Description SEC 13 TWP 16 RGE 18 PLAT BOOK S PAGE 106 RAINBOW SPRINGS COUNTRY CLUB ESTATES BLK F LOT 43
Water Access Type River
Water Access Y/N true
Monthly HOA Amount 20.83
Water View Y/N false
Flood Zone Code X
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Interior
Interior Amenities Ceiling Fan(s) Living Room/Dining Room Combo Primary Bedroom Main Floor Walk-In Closet(s)
Flooring Carpet
Furnished Y/N Unfurnished
Fireplace Features Wood Burning
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Half Baths 0
Laundry Features In Garage
Total Bedrooms 2
Total Baths 2
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Exterior
Exterior Amenities Irrigation System Other Sprinkler Metered
Water Source Public
Lot Size Area 20038
Foundation Details Slab
Building Area Total 2496
Lot Dimensions 100 x 200
Lot Size Acres 0.46
Road Surface Type Paved
Private Pool false
Waterfront Y/N false
Covered Spaces 2
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Keller Williams Cornerstone Re

Broker

juliebeck2020@gmail.com

Email

Affordability Calculator

$1,586
Per Month
93%
7%
0%
Monthly Principal & Interest
$1,478
Monthly Property Taxes
$108
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
5/2/2026$240,000 Listed Price

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8985 SW 196TH TERRACE ROAD, Dunnellon, FL, 34432 is a Single Family Home for sale at $240,000 with 1,566 sqft and a lot size of 0.46. 8985 SW 196TH TERRACE ROAD has 2 bedrooms, 2.0 baths, and was built in 1980. The property's zip code is 34432 which is in Dunnellon, FL