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$284,900

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,553 Sq. Ft.
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Discover your ideal home in this beautifully designed three-bedroom, two-bath residence situated on just under an acre in a peaceful and charming neighborhood. This property features an open floor plan that seamlessly connects the spacious living area, perfect for both relaxation and entertaining. Step inside to find luxurious vinyl flooring throughout, enhancing the home's modern aesthetic while ensuring easy maintenance. The inviting kitchen is a chef's dream, complete with a functional island that provides additional prep space and dining options. The covered front porch beckons you to relax with your morning coffee or unwind in the evening, all while taking in the serene surroundings. A two-car garage provides convenience and additional storage solutions. Experience the joys of country living combined with the convenience of nearby stores and shops, all while being just a stone's throw away from the stunning Rainbow River. This property offers the perfect balance of privacy and community, with easy access to Dunnellon's amenities including shopping, dining, and recreational activities. Don't miss out on this opportunity-schedule your showing today!

Full Property Details for 5092 SW 197th Terrace

General

  • Price: $284,900
  • Taxes: $3,455 (2024)
  • Status: Active
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: OM708821
  • Updated: 12/30/2025
  • Added to Site: 137 day(s) ago

Rental Information

  • Min. Lease: No Minimum

Interior

  • Number of Rooms: 4
  • Interior Features: Ceiling Fan(s), High Ceilings, Open Floorplan, Walk-In Closet(s)
  • Appliances: Dishwasher, Dryer, Microwave, Range, Washer
  • Flooring: Luxury Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Laundry Room

Exterior

  • Exterior Features: Private Mailbox, Sliding Doors

Parking

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

Location

  • Area: 34431 - Dunnellon
  • County: Marion
  • Development Name: 34431 - Dunnellon
  • Subdivision: RAINBOW ACRES UN 01
  • Driving Directions: Take US 41 to SW 54th St. Head east. Turn right onto SW 197th Terrace. Home on the left.
  • Direction Faces: Northeast

Community

  • Community Name: 34431 - Dunnellon

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Heat Pump

Utilities

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

Structural Information

  • Exterior Const.: Block, Concrete, Stucco
  • Roof: Shingle
  • Stories/Levels: One
  • Square Feet: 1,553
  • Sq. Ft. Source: Public Records
  • Year Built: 2022

Lot Features

  • Lot Size (Acres): 0.95
  • Lot Size (Sq. Ft.): 41,382
  • Lot Size: 41382
  • Lot Dimensions: 100 x 415
  • Street/Road Desc.: Paved

Financial Considerations

  • Tax Amount: $3,455.47
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: SEC 36 TWP 15 RGE 18 PLAT BOOK G PAGE 095 RAINBOW ACRES UNIT 1 BLK 4 LOT 25
  • Flood Zone Info: X
  • APN: 1751004025
  • Property ID: 1751004025
  • Block/Lot/Section: 4

Listed by Lpt Realty, Llc

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Listing agent

— 5092 SW 197th Terrace —

  • Lpt Realty, Llc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5092 SW 197th Terrace

School District:Marion County School District
NameGradesDistance
Romeo Elementary School
19550 Southwest 36th Street, Dunnellon, FL 34431
PK-51 mi
Dunnellon Middle School
21005 Chestnut Street, Dunnellon, FL 34431
6-86 mi
Dunnellon High School
10055 Southwest 180th Avenue Road, Dunnellon, FL 34432
9-124.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5092 SW 197th Terrace Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/30/2025
Price Reduced
$284,900
-1.72%
MLS
11/05/2025
Price Reduced
$289,900
-3.33%
MLS
9/03/2025
Listed
$299,900
14.03%
MLS
7/22/2022
Sold
$263,000
—
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 5092 SW 197th Terrace

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,715
8%
$248,607
3%
2024
$3,455
2%
$241,601
3%
2023
$3,372
829%
$234,564
2409%
2022
$363
198%
$9,350
46%
2021
$122
—
$6,400
2%
2021
$122
26%
$6,300
27%
2018
$97
4%
$4,978
10%
2017
$93
-15%
$4,525
-17%
2019
$110
26%
$5,476
33%
2016
$87
2%
$4,114
10%
2015
$85
21%
$3,740
10%
2014
$70
-12%
$3,400
-17%
2013
$80
—
$4,100
—
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.

Estimate the Cost for 5092 SW 197th Terrace

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NMLS#: 1598647

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Listed by Lpt Realty, Llc

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5092 SW 197th Terrace, Dunnellon, FL 34431 (MLS# OM708821) is a Single Family property with 3 bedrooms and 2 full bathrooms. 5092 SW 197th Terrace is currently listed for $284,900 and was received on September 03, 2025. Want to learn more about 5092 SW 197th Terrace? 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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