20638 SW 88 Place Rd, photo 1
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Overview

3 bd3 ba2,151 sqft2 car garageSingle Family
TypeSingle Family
HOA$243/yr
Built2025
Lot45,738 sqft
Living area2,151 sqft
Price / sqft$272
Garage2 car

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

About this home

Solid Wood CabinetsTray Ceiling(s)Ceiling Fans(s)Eat-in KitchenHigh CeilingsL DiningLiving Room/Dining Room ComboPrimary Bedroom Main Floor

20638 SW 88 Place Rd is a 2025-built home in Rainbow Springs, Dunnellon. Inside you'll find 3 bedrooms, 3 bathrooms, and 2,151 square feet of living space. Listed at $584,900 (about $272/sqft), 94 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $243 annually.

From the listing

SELLER OFFERING $10k IN CLOSING COST ASSISTANCE w/ acceptable offer. NEW CONSTRUCTION!! Luxury home with high-end finishes and exceptional craftsmanship! This impeccable new construction home offers the perfect blend of elegance, comfort, and outdoor living. Situated on a beautifully landscaped 1.05-acre lot with mature landscaping and a full irrigation system, this stunning property boasts 2,151 square feet of thoughtfully designed living space featuring 3 spacious bedrooms and 2 bathrooms. Step through the front door and immediately be captivated by the bright, open floor plan with soaring tray ceilings, luxury vinyl plank flooring, and breathtaking views of the sparkling saltwater pool. Designed for both everyday living and entertaining, the gourmet kitchen is truly the heart of the home, featuring solid wood cabinetry, gorgeous quartz countertops, a stainless steel double-oven electric range, an oversized center island with a built-in microwave drawer, and abundant workspace for the home chef. The spacious primary suite is a private retreat complete with tray ceilings, a cozy sitting area, direct access to the lanai and pool, a large walk-in closet, dual vanities, and a luxurious walk-in shower finished with floor-to-ceiling tile. The split-bedroom layout provides exceptional privacy for family and guests. The additional bedrooms are generously sized with tray ceilings, built-in closets, and plush carpeting. One guest bedroom also features private access to the lanai and pool area, making it ideal for visitors or creating the perfect indoor-outdoor guest suite. Step outside to your own backyard paradise. The expansive covered lanai overlooks the beautiful saltwater pool with a stunning waterfall feature, creating the perfect setting for relaxing afternoons or entertaining friends and family. Home has radiant barrier and reduces attic temps by up to 30 degrees! PLUS, R30 batting over living area. LOW HOA of $243/yr and the amenities include: private beach on the Rainbow River to swim or launch a kayak, community pool, clubhouse, tennis courts, walking trails, restaurant and MUCH MORE! Property is a short 15 minute drive to Dunnellon where you will find shopping, restaurants, grocery stores and medical offices.

The essentials

Built
2025
Price / sqft
$272
On market
97 days
Annual tax
$852
HOA
$243/yr
Flood zone
X · Low risk
Lot
45,738 sqft
Type
Single Family Residence

At a glance

Single family
Built 2025
Private pool
Gunite
2 car garage
Driveway
1.05 acres
Lot size
2,151 sqft
Living area

Payment

Est. monthly payment
$3,434/mo
Down payment (20%)
$116,980
Property taxes
$71/mo
HOA
$243/yr
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
2025
Lot
45,738 sqft
Cooling
Central Air
Heating
Heat Pump
Parking
Driveway, Garage Door Opener, Oversized
Pool
Gunite, In Ground, Salt Water, Screen Enclosure
Days on Market
97
Solid Wood Cabinets
Tray Ceiling(s)
Ceiling Fans(s)
Eat-in Kitchen
High Ceilings
L Dining
Living Room/Dining Room Combo
Primary Bedroom Main Floor
Open Floorplan
Split Bedroom
Stone Counters
Thermostat
Walk-in Closet(s)
Lighting
Private Yard
Sidewalk
Clubhouse
Deed Restrictions
Fitness Center
Pool
Restaurant
Tennis Court(s)
Convection Oven
Dishwasher
Disposal
Electric Water Heater
Microwave
Range
Refrigerator
Elementary
Romeo Elementary School
Middle
Dunnellon Middle School
High
Dunnellon High School

Districts can re-zone, so verify directly with the district before relying on these.

Flood Zone X
Annual Tax (2025)
$852
Parcel #
3292-064-054

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 Springs
County
Marion
MLS Area
34431 - Dunnellon
Lot Size
45,738 sqft
ClearedIn CountyLandscapedLevelOversized LotSidewalk
HOA
$243/yr
Amy Martin

Price history

Date
Event
Price
7/4/2026
Listed for sale
Source: Stellar MLS #OM727955
$584,900
$272/sqft

Neighborhood

20638 SW 88 Place Rd
Dunnellon, FL, 34431 · 34431 - Dunnellon

Market insights

Offer Insights

Choose an offer strength

List price: $584,900
$570,000 – $584,900
97.2% – 100% of listTops out right at the list price
80% of listList price
126 of the last 250 home closings in 34431 landed at this number or higher (50%). The median one sat 35 days before it went under contract, and this one is on day 97.

Sample: 250 closed home sales in 34431 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$3,434/mo
Principal & interest$3,050
Property taxes$71
Insurance$292
HOA$20
Down payment20% · $116,980
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%. HOA is the fee reported on the listing. 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

$584,900

$272 per sq ft

Beds and baths

3 beds, 3 baths

Size

2,151 sq ft

Time on market

97 days

Year built

2025

Monthly payment

About $3,434/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $852 annual tax bill, insurance, and the $243/yr HOA fee.

HOA fee

$243/yr

Managed by Amy Martin.

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 byRIVERS 2 RANCHES REAL ESTATEListing agent: Jennifer KovachListing data from Stellar MLS, MLS# OM727955.

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