8518 SW 189TH COURT RD
DUNNELLON, FL 34432
About this home
!!! 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 & features
Interior
- Living area
- 23,768 sqft
- Heating
- Central, Electric
- Cooling
- Central Air
- Flooring
- Carpet, Concrete, Tile, Vinyl
- Stories
- 2
Exterior & lot
- Lot size
- 9,360,608 sqft (214.89 ac)
- Roof
- Metal
- Construction
- Other
Financial
- Annual tax
- $9,564 (2023)
- Price / sqft
- $206/sqft
Utilities
- Water
- Public
- Sewer
- Septic Needed
- Utilities
- Electricity Available, Phone Available, Water Connected
Property
- Property type
- Single Family
- Year built
- 1984
- Subdivision
- RAINBOW SPGS COUNTRY CLUB ESTATES
- County
- Marion
Listing
- Status
- Active
- Days on market
- 494 days
- MLS #
- MFR739803103
- Source
- Stellar MLS
Listed by Christopher Hodges · DUNNELLON REAL ESTATE LLC
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
Based on 25 comparable sales within 4 miles of DUNNELLON, FL, this home is priced under RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOA- Principal & interest
- $24,777/mo
- Property tax
- $797/mo
- Home insurance
- $0/mo
Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own bill; insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Mar 17, 2026 | Price reduced | $4,900,000 | −$4,099,000 |
| Oct 30, 2024 | Listed | $8,999,000 | — |
NeighbourhoodSample data
Reference scores for DUNNELLON, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
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