5581 SW 197TH TERRACE Dunnellon, FL $ 299,900
5581 SW 197TH TERRACE
$ 299,900
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5581 SW 197TH TERRACE

Dunnellon, FL, 34431
$ 299,900
Bedrooms3 Baths2.0 Sq 1,953

Monthly Estimate*

$ 1,847

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Single Family Home for sale in Dunnellon, FL

for $299,900 with 3 bedrooms and 2 full baths. This 1,953 square foot home was built in 1981 on a lot size of 0.95.

Tucked away on a generous .95-acre parcel, this custom-built 1981 residence offers a blend of space, flexibility, and character—perfectly suited for multigenerational living or those seeking room to grow. With 1,953 square feet of living area, 3 bedrooms, 2 bathrooms, and a side-entry 2-car garage, this property delivers both comfort and functionality in a peaceful setting. The upper level serves as the main living space, featuring a full kitchen equipped with wood cabinetry, stainless steel appliances, and a convenient breakfast bar. The adjoining dining area flows seamlessly into a spacious living room anchored by an expansive stone fireplace, creating a welcoming focal point. Two bedrooms and a full bathroom complete this level, along with an inviting 11x12 screened lanai—ideal for enjoying the outdoors year-round. The lower level provides additional versatility with a private entrance, making it well-suited for extended family or guests. This space includes a flex room highlighted by a second wood-burning fireplace, an additional bedroom, and a full bathroom. Laundry hookups are conveniently located on both levels, enhancing everyday ease. A spiral staircase connects the two floors, adding architectural interest. Outdoors, the property presents a new rood in 2025, a rear fenced yard, a detached workshop with an attached pole barn, and a chicken coop for those seeking a touch of country living. With ample room for gardening, recreation, or the addition of a pool, the possibilities are endless. This unique property combines privacy, practicality, and rustic charm—ready to accommodate a variety of lifestyles.

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Single Family Active

Price

$ 299,900

Bedrooms

3

Full Bath

2

Property Type

Single Family

Taxes

$ 4,284

Style

Ranch

Lot Size

0.95

Year Built

1981

Town/City

Dunnellon

County/Region

Marion

MLS | Web ID

OM723407

Features
General
Sewer Septic Tank
Heating Heat Pump
Cooling Central Air
Utilities BB/HS Internet Available Electricity Connected Public
Possession Close Of Escrow
Roof Shingle
Appliances Dishwasher Dryer Microwave Range Refrigerator Washer
Zoning R1
Garage Spaces 2
Patio/Porch Features Covered Rear Porch Screened
Architectural Style Ranch
Construction Materials Block Brick Concrete Stucco
Year Built 1981
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
County Marion
New Construction false
Property Type Residential
Attached Garage true
Subdivision Name RAINBOW ACRES 01
Facing Direction West
Garage Y/N true
Other Structures Storage Workshop
Total Rooms 8
Full Baths 2
Status Active
Directions Starting on N Florida Ave (US-41 N) Keep right onto N Carl G Rose Hwy (SR-200 N) toward Ocala. Turn left onto E Apex Ln. Turn right onto N Florida Ave (US-41).Turn left onto SW 56th Ln. Turn left onto SW 196th Ave. Turn right onto SW 57th Pl. Turn right onto SW 197th Ter. End at 5581 SW 197th Ter
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 41382
Carport Spaces 1
Carport Y/N true
Listing Terms Cash Conventional
Elementary School Romeo Elementary School
Land Lease Y/N false
Tax Annual Amount 4284.69
Middle/Junior High School Dunnellon Middle School
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/OM723407 https://drive.google.com/file/d/1k_ff09he5pShVJiO6syLKaYpMfHYdwQ6/view?usp=drive_link
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Owner
Tax Lot 7
Legal Description SEC 36 TWP 15 RGE 18 PLAT BOOK G PAGE 095 RAINBOW ACRES UNIT 1 BLK 9 LOT 7
Minimum Lease No Minimum
Water Access Y/N false
Additional Rooms Family Room
Water View Y/N false
Flood Zone Code X
DockY/N false
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Interior
Interior Amenities Ceiling Fan(s) Living Room/Dining Room Combo Open Floorplan Primary Bedroom Main Floor Solid Wood Cabinets Split Bedroom
Flooring Laminate Hardwood
Furnished Y/N Unfurnished
Fireplace Features Wood Burning
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Half Baths 0
Laundry Features Laundry Room
Total Bedrooms 3
Total Baths 2
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Exterior
Exterior Amenities Lighting Rain Gutters
Vegetation Trees/Landscaped
Fencing Chain Link
Parking Features Garage Faces Side
Lot Features In County Landscaped
Water Source Well
Lot Size Area 41382
Foundation Details Slab
Building Area Total 2816
Lot Dimensions 100 x 415
Lot Size Acres 0.95
Road Surface Type Paved
Private Pool false
Waterfront Y/N false
Covered Spaces 3
Road Frontage Type Street Paved
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* Excluded Features
List By
Keller Williams Elite Partners Ii

Broker

tomika@soldsisterscitrus.com

Email

Affordability Calculator

$2,204
Per Month
84%
16%
0%
Monthly Principal & Interest
$1,847
Monthly Property Taxes
$357
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
4/27/2026$299,900 Listed Price

Map


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5581 SW 197TH TERRACE, Dunnellon, FL, 34431 is a Single Family Home for sale at $299,900 with 1,953 sqft and a lot size of 0.95. 5581 SW 197TH TERRACE has 3 bedrooms, 2.0 baths, and was built in 1981. The property's zip code is 34431 which is in Dunnellon, FL