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About this home
7481 W Dunnellon Rd is a home in Rainbow Estates Unit 1, Dunnellon. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
0.40-acre wooded double lot zoned GNC (General Commercial District), located on County Road 488 (W Dunnellon Rd) in Citrus County's Rainbow Estates Unit 1 subdivision. Offering approximately 100 feet of road frontage and 175 feet of depth, this property presents an excellent opportunity for a variety of commercial uses, subject to county approval. Located along County Road 488 (W Dunnellon Rd), a well-traveled route connecting Dunnellon, Crystal River, and Florida's Nature Coast, the property benefits from steady daytime visibility and convenient regional access. Rainbow River and Rainbow Springs State Park are less than 30 minutes away. Ocala and the World Equestrian Center are approximately 40 to 45 minutes away, while Crystal River and the Nature Coast can be reached in about 30 minutes or less. Electric service is available nearby. Buyers should verify utility availability, as well as any requirements for well, septic, zoning, and development approvals. Whether for owner-user occupancy or investment, this property offers commercial potential in a growing area of Citrus County. There is a possibility of a future zoning change to CL (Low Intensity Coastal and Lakes District). Buyers are advised to independently verify any potential zoning changes, permitted uses, and development requirements with Citrus County. The seller has a recent certified border survey by Azimuth Survey Co. that shows the property is not in a flood zone and the property has markers in place along with their location.
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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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
$29,000
Time on market
64 days
Monthly payment
About $184/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $226 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.
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