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$218,990 -$4,010 (-1.8%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,140 Sq. Ft.
  • Updated 4 days ago
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One or more photo(s) has been virtually staged. Under Construction. PRICE REDUCED, NEW CONSTRUCTION, ALMOST COMPLETE, DON'T MISS IT This brand-new 2026 single-level home in Rainbow Lakes Estates, Dunnellon is nearly finished, offering a rare opportunity to secure new construction without the long wait. The open living and dining area features high ceilings, recessed lighting, and sliding glass doors that bring in natural light and lead to the backyard. The kitchen includes white cabinetry, granite-style countertops, and upgraded Whirlpool stainless steel appliances. The primary suite offers a walk-in closet and private bath with a walk-in shower and matte-black fixtures. Additional highlights include luxury vinyl plank flooring throughout, an indoor laundry room with sink and built-ins, ample storage, and energy-efficient concrete block construction. No HOA. Conveniently located just minutes from Rainbow Springs State Park, the Withlacoochee River, and the World Equestrian Center. Now offered at a newly reduced price, opportunities like this don't stay available for long. One or more photos have been virtually staged.

Full Property Details for 427 SW Alvarez Rd

General

  • Price: $218,990
  • Taxes: $221 (2024)
  • Status: Active
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: O6350267
  • Updated: 3/10/2026
  • Added to Site: 156 day(s) ago

Rental Information

  • Min. Lease: 6 Months

Interior

  • Number of Rooms: 3
  • Interior Features: Walk-In Closet(s)
  • Appliances: Convection Oven, Dishwasher, Electric Water Heater, Microwave, Refrigerator
  • Flooring: Luxury Vinyl, Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Electric Dryer Hookup, Inside, Washer Hookup

Exterior

  • Exterior Features: Other

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1
  • Parking Features: Garage Door Opener

Location

  • Area: 34431 - Dunnellon
  • County: Marion
  • Development Name: 34431 - Dunnellon
  • Subdivision: RAINBOW LAKES ESTATES
  • Driving Directions: From US-41 / SW Highway 200 / W Pennsylvania Ave in Dunnellon, head southwest on SW Highway 200 / W Pennsylvania Ave toward SW 33rd Avenue. Turn right onto SW 93rd Street / SW 93rd Avenue and continue approximately 2.4 miles. Turn left onto SW Alvarez Road. Continue on SW Alvarez Road for about 0.7 miles. Your destination, 427 SW Alvarez Road, will be on the left.
  • Direction Faces: Southwest

School Information

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

Community

  • Community Name: 34431 - Dunnellon
  • Community Features: Park

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

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

Structural Information

  • Builder: HQ Construction
  • Approx Compl Date: 2026-03-31T04:00:00.000Z
  • Exterior Const.: Block
  • Roof: Shingle
  • Stories/Levels: One
  • Square Feet: 1,140
  • Sq. Ft. Source: Builder
  • Year Built: 2026

Lot Features

  • Lot Size (Acres): 0.25
  • Lot Size (Sq. Ft.): 10,890
  • Lot Size: 10890
  • Lot Dimensions: 77 x 143
  • Street/Road Desc.: Asphalt, Paved

Financial Considerations

  • Tax Amount: $221.54
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: SEC 18 TWP 15 RGE 18 PLAT BOOK G PAGE 90A RAINBOW LAKES ESTATES RESUB OF SEC O BLKS 4, 5, 6, 10, 11 BLK 5A LOTS 43.44
  • Flood Zone Info: x
  • APN: 1816501043
  • Property ID: 1816501043
  • Block/Lot/Section: 4

Listed by Wra Business & Real Estate

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— 427 SW Alvarez Rd —

  • Wra Business & Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 427 SW Alvarez Rd

School District:Marion County School District
NameGradesDistance
Romeo Elementary School
19550 Southwest 36th Street, Dunnellon, FL 34431
PK-55.3 mi
Dunnellon Middle School
21005 Chestnut Street, Dunnellon, FL 34431
6-89.3 mi
Dunnellon High School
10055 Southwest 180th Avenue Road, Dunnellon, FL 34432
9-129.7 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 427 SW Alvarez Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/10/2026
Price Reduced
$218,990
-1.8%
MLS
2/11/2026
Price Increased
$223,000
1.41%
MLS
10/10/2025
Listed
$219,900
—
MLS
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.

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Listed by Wra Business & Real Estate

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427 SW Alvarez Road, Dunnellon, FL 34431 (MLS# O6350267) is a Single Family property with 3 bedrooms and 2 full bathrooms. 427 SW Alvarez Road is currently listed for $218,990 and was received on October 10, 2025. Want to learn more about 427 SW Alvarez Road? Do you have questions about finding other Single Family 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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