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$790,000 -$10,000 (-1.25%) Price Reduced

  • For Sale
  • Active
  • Farms/Ranches
  • 3 Beds
  • 2 Full Baths
  • 1,334 Sq. Ft.
  • Updated 5 days ago
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Overlooking 19+ acres to the North end of Dunnellon, this versatile farm offers a great combination of privacy and potential- all with no HOA restrictions! Conveniently located just around the corner from US 41 and a short drive from both the World Equestrian Center, HITS, and Ocala's variety of shopping and dining options, this farm is perfectly positioned to get the most out of Central Florida's exciting equestrian lifestyle. Designed for both efficiency and flexibility, the property features a 12-stall center-aisle barn complete with feed and tack rooms, 5 pastures/paddocks, and lush bahia grass fields that were previously used for hay production. Whether your focus is training, boarding, or passive seasonal rental income, the farm is well suited for a variety of uses, skill-levels, and disciplines with ample opportunity to further customize if desired. Two residences are currently established on property: The main home is a 3-bedroom, 2-bath block home with over 1,300 sqft of space. Updates to this home include a new roof in 2024 and new HVAC in 2022. The secondary home is a 3-bedroom, 2-bathroom mobile home built in 2015, offering plenty of flexibility for guests, in-laws, or potential rental income. This would be a great option for those looking to take advantage of the local equestrian and outdoor tourism with an AirBnb or VRBO with Rainbow Springs State Park, the Rainbow River, and the Goethe State Forest just minutes away. With no HOA, established infrastructure, and multiple opportunities for income through boarding, seasonal rentals, or Airbnb/VRBO potential, this is a rare opportunity to own a centrally located farm in one of Marion County's most desirable equestrian corridors!

Full Property Details for 20540 SW 5th Pl

General

  • Price: $790,000
  • Taxes: $3,332 (2025)
  • Status: Active
  • Type: Farms/Ranches
  • Source: MidFloridaRegionalMLS
  • MLS ID: OM725007
  • Updated: 8/19/2026
  • Added to Site: 95 day(s) ago

Interior

  • Number of Rooms: 3
  • Interior Features: Walk-In Closet(s)
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Furnishings: Unfurnished
  • Flooring: Tile, Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Inside, Laundry Room

Exterior

  • Exterior Features: Other, Storage

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2

Location

  • Area: 34431 - Dunnellon
  • County: Marion
  • Development Name: 34431 - Dunnellon
  • Subdivision: FARM NON-SUB
  • Driving Directions: From WEC Ocala, drive west on 40. Turn right onto HWY 328. South on 41. Second Right on SW 5th PL. Travel 1.4 miles and property will be on the left hand side.
  • Direction Faces: North

Community

  • Community Name: 34431 - Dunnellon

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Electric

Utilities

  • Sewer: Septic Tank
  • Water: Well
  • Utility Description: Electricity Connected

Structural Information

  • Exterior Const.: Cement Siding
  • Roof: Shingle
  • Stories/Levels: One
  • Square Feet: 1,334
  • Sq. Ft. Source: Public Records
  • Current Bldg. Use: Horses
  • Year Built: 1997

Additional Structures

  • Other Structures: Additional Single Family Home, Barn(s), Shed(s)

Lot Features

  • Lot Size (Acres): 19.17
  • Lot Size (Sq. Ft.): 835,045
  • Lot Size: 19.17
  • Street/Road Desc.: Asphalt

Financial Considerations

  • Tax Amount: $3,332.17
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: SEC 14 TWP 15 RGE 18 COM NW COR OF S 1/2 OF NW 1/4 TH S 89-51-31 E 1992.46 FT TO POB TH S 89-51-31 E 645.55 FT TH S 00-05-25 W 1323.61 FT TH N 89-51-22 W 645.66 FT TH N 00-05-25 E 1323.58 FT TO POB EXC N 30 FT FOR RD ROW
  • Flood Zone Info: X
  • APN: 1730600400
  • Property ID: 1730600400
  • Block/Lot/Section: 12

Listed by Showcase Properties Of Central

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— 20540 SW 5th Pl —

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NMLS#: 1598647

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NMLS#: 1598647

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Schools serving 20540 SW 5th Pl

School District:Marion County School District
NameGradesDistance
Romeo Elementary School
19550 Southwest 36th Street, Dunnellon, FL 34431
PK-52.2 mi
Dunnellon Middle School
21005 Chestnut Street, Dunnellon, FL 34431
6-88.9 mi
Dunnellon High School
10055 Southwest 180th Avenue Road, Dunnellon, FL 34432
9-127.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 20540 SW 5th Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/19/2026
Price Reduced
$790,000
-0.63%
MLS
7/20/2026
Price Reduced
$795,000
-0.62%
MLS
6/23/2026
Price Reduced
$800,000
-3.61%
MLS
6/08/2026
Price Reduced
$830,000
-2.35%
MLS
5/21/2026
Listed
$850,000
209.09%
MLS
4/13/2015
Sold
$275,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 20540 SW 5th Pl

Year
Property Taxes
Change
Tax Assessment
Change
2022
$2,634
-6%
$182,097
2%
2024
$2,795
2%
$178,600
3%
2023
$2,749
4%
$173,729
4%
2022
$2,634
-1%
$166,398
2%
2021
$2,652
—
$162,941
1%
2021
$2,652
—
$162,088
1%
2019
$2,643
7%
$159,900
3%
2018
$2,473
1%
$155,265
1%
2017
$2,456
1%
$153,546
1%
2016
$2,434
122%
$151,893
75%
2015
$1,097
2%
$86,620
-2%
2014
$1,076
-2%
$88,685
-2%
2013
$1,097
—
$90,457
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Showcase Properties Of Central

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20540 SW 5th Place, Dunnellon, FL 34431 (MLS# OM725007) is a Farms/Ranches property with 3 bedrooms and 2 full bathrooms. 20540 SW 5th Place is currently listed for $790,000 and was received on May 21, 2026. Want to learn more about 20540 SW 5th Place? Do you have questions about finding other Farms/Ranches real estate for sale in Dunnellon? You can browse all Dunnellon real estate or contact a Coldwell Banker agent to request more information.

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