5581 SW 197TH TERRACE DUNNELLON FL 34431 MLS #OM723407

5581 SW 197TH TERRACE
DUNNELLON, FL, 34431
$299,900
3 Beds
2 Baths
1,953 SqFt
0.95 Acres
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MLS #OM723407 image #0
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 11×12 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.

Property Details

Price:
$299,900
MLS #:
OM723407
Status:
Active
Beds:
3
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
RAINBOW ACRES 01
Neighborhood:
34431dunnellon
Listed Date:
Apr 27, 2026
Finished Sq Ft:
1,953
Total Sq Ft:
2,816
Lot Size:
41,382 sqft / 0.95 acres (approx)
Year Built:
1981
RanchPrimary Bedroom Main Floor34431 – Dunnellon34431dunnellonRainbow Acres 01Romeo Elementary SchoolDunnellon Middle SchoolDunnellon High SchoolNo Minimum

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Schools

Elementary School:
Romeo Elementary School
Middle School:
Dunnellon Middle School
High School:
Dunnellon High School

Interior

Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Laminate, Hardwood
Heating
Heat Pump
Interior Features
Ceiling Fan(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom
Laundry Features
Laundry Room
Levels
Two

Exterior

Architectural Style
Ranch
Attached Garage YN
1
Construction Materials
Block, Brick, Concrete, Stucco
Covered Spaces
3
Direction Faces
West
Exterior Features
Lighting, Rain Gutters
Fencing
Chain Link
Garage Spaces
2
Lot Features
In County, Landscaped
Other Structures
Storage, Workshop
Parking Features
Garage Faces Side
Patio And Porch Features
Covered, Rear Porch, Screened
Roof
Shingle

Financial

Tax Year
2025
Taxes
$4,285

Map

Community

Subdivisions in DUNNELLON

Market Summary

Current real estate data for Single Family in DUNNELLON as of Apr 30, 2026
578
Single Family Listed
123
Avg DOM
226
Avg $ / SqFt
$384,533
Avg List Price

Property Summary

    Located in the RAINBOW ACRES 01 subdivision, 5581 SW 197TH TERRACE DUNNELLON FL is a Single Family for sale in DUNNELLON, FL, 34431. It is listed for $299,900 and features 3 beds, 2 baths, and has approximately 1,953 square feet of living space, and was originally constructed in 1981. The current price per square foot is $154. The average price per square foot for Single Family listings in DUNNELLON is $226. The average listing price for Single Family in DUNNELLON is $384,533. To schedule a showing of MLS#om723407 at 5581 SW 197TH TERRACE in DUNNELLON, FL, contact your CENTURY 21 Carioti agent at 800-783-8847.

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