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$4,900,000

Active

8518 SW 189th Court Rd, Dunnellon, FL 34432

203 acre lot

Listing courtesy of DUNNELLON REAL ESTATE LLC Β· MLS# OM688678

728 days on market

Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .

About this property

!!! 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.

Facts

Property type
Mixed Use
Year built
1984
Exposure
North
Flood zone
X
Annual taxes
$9,564/yr
Listed
Oct 30, 2024
MLS #
OM688678

Commercial details

Building & site

Building size
23,768 SF
Lot size
203 acres (8,842,684 SF)
Zoning
R1
Road frontage
Easement
Buildings
4
Occupancy
Tenant-occupied
Building features
Bathrooms, Kitchen Facility, Pool/Spa

Investor metrics

Price per SF (MLS)
$206.16/SF

As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty β€” confirm with the listing broker before relying on them. We never estimate a cap rate.

Price & status history

  1. Listed for $8,999,000
  2. Price reduced to $4,900,000from $5,900,000

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Take a tour

Pick a day that suits you β€” a licensed Lasbury Tracy agent confirms personally, usually within minutes. No account needed.

8518 SW 189th Court Rd, Dunnellon, FL 34432

Listing courtesy of DUNNELLON REAL ESTATE LLC Β· MLS# OM688678 Β· Active

How would you like to see it?
Which day?
What time of day?

In person Β· Thu, Oct 29 Β· Morning (9-12)

No account, no obligation. Prefer to talk? (941) 474-5585

Where this property is

Opens on aerial β€” on this coast the canal, the lot and the neighbours answer more questions than a street grid does.

Listing information is provided in part by Stellar MLS, as distributed by MLS GRID. Based on information submitted to the MLS as of Oct 28, 2026, 11:48 PM (ET). All data is obtained from various sources and may not have been verified by broker or MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.

Lasbury Tracy Realty Inc. Β· [email protected]