20540 SW 5TH PLACE
Dunnellon, FL, 34431 $ 850,000
Bedrooms3 Baths2.0 Sq 1,334 Monthly Estimate*
$ 5,234
for $850,000 with 3 bedrooms and 2 full baths. This 1,334 square foot property was built in 1997 on a lot size of 19.17.
Overlooking 19+ acres to the North end of Dunnellon, this versatile farm offers a great combination of privacy and potential– all with no HOA restrictions! Conveniently located just around the corner from US 41 and a short drive from both the World Equestrian Center, HITS, and Ocala’s variety of shopping and dining options, this farm is perfectly positioned to get the most out of Central Florida’s exciting equestrian lifestyle. Designed for both efficiency and flexibility, the property features a 12-stall center-aisle barn complete with feed and tack rooms, 5 pastures/paddocks, and lush bahia grass fields that were previously used for hay production. Whether your focus is training, boarding, or passive seasonal rental income, the farm is well suited for a variety of uses, skill-levels, and disciplines with ample opportunity to further customize if desired. Two residences are currently established on property: The main home is a 3-bedroom, 2-bath block home with over 1,300 sqft of space. Updates to this home include a new roof in 2024 and new HVAC in 2022. The secondary home is a 3-bedroom, 2-bathroom mobile home built in 2015, offering plenty of flexibility for guests, in-laws, or potential rental income. This would be a great option for those looking to take advantage of the local equestrian and outdoor tourism with an AirBnb or VRBO with Rainbow Springs State Park, the Rainbow River, and the Goethe State Forest just minutes away. With no HOA, established infrastructure, and multiple opportunities for income through boarding, seasonal rentals, or Airbnb/VRBO potential, this is a rare opportunity to own a centrally located farm in one of Marion County’s most desirable equestrian corridors!
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FeaturesGeneralSewer Septic Tank
Heating Electric
Cooling Central Air
Utilities Electricity Connected
Roof Shingle
Appliances Dishwasher Microwave Range Refrigerator
Zoning A1
Garage Spaces 2
Construction Materials Cement Siding
Year Built 1997
Levels One
Property Subtype Farm
Tax Year 2025
Current Use Horses
Ownership Fee Simple
County Marion
New Construction false
Property Type Residential
Attached Garage true
Subdivision Name FARM NON-SUB
Facing Direction North
Garage Y/N true
Other Structures Additional Single Family Home Barn(s) Shed(s)
Total Rooms 3
Full Baths 2
Status Active
Directions From WEC Ocala drive west on 40. Turn right onto HWY 328. South on 41. Second Right on SW 5th PL. Travel 1.4 miles and property will be on the left hand side.
City DUNNELLON
Senior Community Y/N false
MLS Area 34431 - Dunnellon
Lot Size Units Acres
Lot Size Square Feet 835045
Carport Y/N false
Land Lease Y/N false
Tax Annual Amount 3332.17
Additional Parcels Y/N false
Lease Considered Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/OM725007
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Owner
Tax Lot 0
Legal Description SEC 14 TWP 15 RGE 18 COM NW COR OF S 1/2 OF NW 1/4 TH S 89-51-31 E 1992.46 FT TO POB TH S 89-51-31 E 645.55 FT TH S 00-05-25 W 1323.61 FT TH N 89-51-22 W 645.66 FT TH N 00-05-25 E 1323.58 FT TO POB EXC N 30 FT FOR RD ROW
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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InteriorInterior Amenities Walk-In Closet(s)
Flooring Tile Hardwood
Furnished Y/N Unfurnished
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Laundry Features Inside Laundry Room
Total Bedrooms 3
Total Baths 2
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ExteriorExterior Amenities Other Storage
Water Source Well
Lot Size Area 19.17
Foundation Details Slab
Building Area Total 2985
Lot Size Acres 19.17
Road Surface Type Dirt
Private Pool false
Waterfront Y/N false
Covered Spaces 2
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* Excluded FeaturesList ByShowcase Properties Of CentralBroker
Elizabeth@ShowcaseOcala.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,234
- Monthly Property Taxes
- $278
- 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.
Learn more about how to save NearbyFarm listings in Dunnellon, FL
Average List Price $1,273,593
Percent of Sale Price 50%
About Dunnellon, FL 1,852 Population
0% Since 2002
$ 28,078 Median Income
54.89 Median Age
13% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/21/2026 | $850,000 | | Listed Price |