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$259,000

  • Sold
  • Closed
  • Single Family
  • 2 Beds
  • 2 Full Baths
  • 1,185 Sq. Ft.
See This Home
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This beautiful home is situated on 0.95 acres of land, offering both space and privacy. The property is fully fenced from the back of the house to the back property line, providing a secure and serene environment. Inside, you'll find a spacious kitchen featuring sleek granite countertops, plenty of cabinet space, and an open layout perfect for entertaining. The living areas are enhanced by gorgeous hardwood floors, while both bathrooms are finished with elegant tile flooring. Enjoy the expansive backyard, perfect for outdoor activities or simply relaxing in your private space. Located just minutes from downtown Dunnellon and only a 20-minute drive to Ocala, this home combines the tranquility of rural living with convenient access to nearby amenities.

Full Property Details for 5118 SW 197th Terrace

General

  • Sold For: $259,000
  • Taxes: $1,254 (2024)
  • Status: Closed
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: OM698188
  • Added to Site: 297 day(s) ago

Rental Information

  • Min. Lease: No Minimum

Interior

  • Number of Rooms: 6
  • Interior Features: Ceiling Fan(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Split Bedroom, Walk-In Closet(s), Window Treatments
  • Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
  • Flooring: Ceramic Tile, Engineered Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: Inside, Laundry Room

Exterior

  • Exterior Features: Private Mailbox

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
  • Driving Directions: HWY 41 , WEST SW 54 ST, TL SW 197TER , HOME ON LEFT
  • Direction Faces: East

Community

  • Community Name: 34431 - Dunnellon

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central, Electric

Utilities

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

Structural Information

  • Exterior Const.: Concrete, Stucco
  • Roof: Shingle
  • Stories/Levels: One
  • Square Feet: 1,185
  • Sq. Ft. Source: Public Records
  • Living Area: 1,185 Sq. Ft.
  • Year Built: 1989

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: $1,254.89
  • 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 24.
  • Flood Zone Info: X
  • APN: 1751004024
  • Property ID: 1751004024
  • Block/Lot/Section: 4

Listed by Coldwell Banker Riverland Rlty
Sold by Globalwide Realty Llc

Listing agents

— 5118 SW 197th Terrace —

  • Coldwell Banker Riverland Rlty

  • Coldwell Banker Riverland Rlty

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 5118 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 5118 SW 197th Terrace

Date
Details
Price
Change
Source
8/22/2025
Sold
$259,000
-3.72%
MLS
5/20/2025
Price Reduced
$269,000
-3.58%
MLS
3/27/2025
Listed
$279,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Coldwell Banker Riverland Rlty
Sold by Globalwide Realty Llc

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5118 SW 197th Terrace, Dunnellon, FL 34431 (MLS# OM698188) is a Single Family property that was sold at $259,000 on August 22, 2025. Want to learn more about 5118 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.