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Improved Mixed-Use Land for Sale in Dunnellon, Florida

8518 SW 189th Court Rd, Dunnellon, FL 34432

$5,900,000
215 acres
Active
$3.1m drop
Est $29,705/mo

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.

23,768
Sq feet
1984
Built

Location

Street address
8518 SW 189th Court Rd
Community
Rainbow SPGS Country Club Estates
Elevation
62 feet
Coordinates
29.093, -82.4427

Directions

From Dunnellon: North on US 41 to east on SW 83rd Pl Road to Clubhouse on right.

Property details

Acreage
214.89 acres
Zoning
R1
MLS #
MFRMLS OM688678
Posted

Property taxes

2023
$9,564

Parcels

  • 3296-000-001

Legal description

Resources

Details and features

Listing

Type
Commercial Sale
Subtype
Mixed Use

Exterior

Features
Security Lights

Structure

Heating
Central, Electric
Cooling
Central Air
Roof
Metal

Interior

Flooring
Carpet, Concrete, Tile, Vinyl
Security
Fire Sprinkler System, Security Lighting

Listing history

DateEventPriceChangeSource
May 2, 2025Back on market$5,900,000MFRMLS
Apr 23, 2025Under contract$5,900,000MFRMLS
Nov 5, 2024Price drop$5,900,000$3,099,000 -34.4%MFRMLS
Oct 30, 2024New listing$8,999,000MFRMLS
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This 214.89-acre property is located at 8518 SW 189th Court Rd in Dunnellon, FL 34432. The property is available for sale for $5,900,000. It has a 23,768 sq ft structure built in 1984.

Checked 1 hour ago — Updated

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