8518 SW 189th Court Rd, photo 1
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Overview

0 baMixed Use
TypeMixed Use
HOANone listed
Built1984
Lot8,842,684 sqft

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

8518 SW 189th Court Rd is a 1984-built home in Rainbow Spgs Country Club Estates, Dunnellon. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

!!! JUST REDUCED PRICE BY 1 MILLION DOLLARS!!! This unique opportunity allows for the purchase of a property featuring a clubhouse, maintenance facility, and an 18-hole golf course nestled within the desirable Rainbow Springs community. Although the golf course is currently closed, the property is actively managed, maintained, and mowed multiple times each year. Spanning approximately 215 acres, this land offers a wealth of potential for a savvy investor. The clubhouse underwent a multi-million dollar renovation in 2018, hosting a range of amenities including a swimming pool with nearby restrooms, tennis and pickleball courts, a grand ballroom, a public restaurant on-site, a disc golf course, a half-court basketball area, bocce ball courts, and more. Upon entering the clubhouse, you will find around 25,000 square feet of space that houses various rooms for activities such as meetings, billiards, ping pong, fitness sessions, crafts, card games, and other pursuits. With over 180 parking spaces available, there is plenty of room for guests to enjoy the various offered activities.Additionally, the owner has a vacant lot featuring their own billboard along the busy US 41 for promotional purposes. This property boasts two deep-water wells with water permits valid until November 7, 2040, providing a substantial capacity of 192,500 gallons per day. Furthermore, the property enjoys around 4,500 feet of highway frontage on US 41. Its prime location is less than a mile away from Rainbow Springs State Park, which draws 350,000 visitors each year, and just two miles from the KP Hole County Park on the Rainbow River, which welcomed 100,000 visitors in 2023. The Rainbow Springs Campground is a mere 10-minute drive from the site. The seller is open to the idea of selling the property separately from the clubhouse.

The essentials

Built
1984
On market
709 days
Annual tax
$9,564
Flood zone
X · Low risk
Lot
8,842,684 sqft
Type
Mixed Use

At a glance

Payment

Est. monthly payment
$28,802/mo
Down payment (20%)
$980,000
Property taxes
$797/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Mixed Use
Year Built
1984
Lot
8,842,684 sqft
Cooling
Central Air
Heating
Central, Electric
Parking
Over 30 Spaces
Days on Market
709
Flood Zone X
Annual Tax (2023)
$9,564
Parcel #
3296-000-001

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Rainbow Spgs Country Club Estates
County
Marion
MLS Area
34432 - Dunnellon
Lot Size
8,842,684 sqft
NeighbourhoodWooded

Price history

Date
Event
Price
3/16/2026
Price change
Source: Stellar MLS #OM688678
$4,900,000-16.9%
-
Price change
Source: Stellar MLS #OM688678
$5,900,000-34.4%
10/30/2024
Listed for sale
Source: Stellar MLS #OM688678
$8,999,000

Neighborhood

8518 SW 189th Court Rd
Dunnellon, FL, 34432 · 34432 - Dunnellon

Market insights

Offer Insights

Choose an offer strength

List price: $4,900,000
$4.84M – $4.90M
98.9% – 100% of listTops out right at the list price
80% of listList price
161 of the last 320 home closings in 34432 landed at this number or higher (50%). The median one sat 48 days before it went under contract, and this one is on day 709 after a $4,099,000 cut.

Sample: 320 closed home sales in 34432 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$28,802/mo
Principal & interest$25,555
Property taxes$797
Insurance$2,450
Down payment20% · $980,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$4,900,000

Time on market

709 days

Year built

1984

Monthly payment

About $28,802/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $9,564 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

What should I offer?

Have another question?

Brokered byDUNNELLON REAL ESTATE LLCListing agent: Christopher HodgesListing data from Stellar MLS, MLS# OM688678.

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