8518 SW 189TH COURT RD, DUNNELLON, FL, 34432 — photo 1
1 / 48

8518 SW 189TH COURT RD, DUNNELLON, FL, 34432

$4,900,000

Built 1984214.89 Acres

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.

Subdivision

RAINBOW SPGS COUNTRY CLUB ESTATES

Status

Active

Listed By

DUNNELLON REAL ESTATE LLC

Days on Market

492

Mortgage Calculator

$
%
%

Est. Monthly Payment

$28,590

30-yr fixed · 20% down · 6.875%

Principal & Interest$25,752
Property Tax (actual)$797
Est. Home Insurance~0.5% est.$2,042
Total / month$28,590
Loan amount$3,920,000

Estimates only — taxes and insurance are approximate. PMI rate, actual lender fees, and closing costs not included. Contact a licensed lender for a precise quote.

Interested in This Property?

Schedule a showing or ask a question. We respond in under 2 hours.

Call (813) 618-7653Request a Showing

MLS# 1ea347bcb95a33583619300918ccfb80

Location