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$299,900 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,953 Sq. Ft.
  • Updated 21 hours ago
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Tucked away on a generous .95-acre parcel, this custom-built 1981 residence offers a blend of space, flexibility, and character-perfectly suited for multigenerational living or those seeking room to grow. With 1,953 square feet of living area, 3 bedrooms, 2 bathrooms, and a side-entry 2-car garage, this property delivers both comfort and functionality in a peaceful setting. The upper level serves as the main living space, featuring a full kitchen equipped with wood cabinetry, stainless steel appliances, and a convenient breakfast bar. The adjoining dining area flows seamlessly into a spacious living room anchored by an expansive stone fireplace, creating a welcoming focal point. Two bedrooms and a full bathroom complete this level, along with an inviting 11x12 screened lanai-ideal for enjoying the outdoors year-round. The lower level provides additional versatility with a private entrance, making it well-suited for extended family or guests. This space includes a flex room highlighted by a second wood-burning fireplace, an additional bedroom, and a full bathroom. Laundry hookups are conveniently located on both levels, enhancing everyday ease. A spiral staircase connects the two floors, adding architectural interest. Outdoors, the property presents a new rood in 2025, a rear fenced yard, a detached workshop with an attached pole barn, and a chicken coop for those seeking a touch of country living. With ample room for gardening, recreation, or the addition of a pool, the possibilities are endless. This unique property combines privacy, practicality, and rustic charm-ready to accommodate a variety of lifestyles.

Full Property Details for 5581 SW 197th Terrace

General

  • Price: $299,900
  • Taxes: $4,284 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: OM723407
  • Updated: 4/27/2026
  • Added to Site: 1 day(s) ago

Rental Information

  • Min. Lease: No Minimum

Interior

  • Number of Rooms: 8
  • Interior Features: Ceiling Fan(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom
  • Fireplace: Yes
  • Fireplace(s): Wood Burning
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Furnishings: Unfurnished
  • Flooring: Laminate, Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Laundry Room

Exterior

  • Exterior Features: Lighting, Rain Gutters
  • Deck/Patio: Covered, Rear Porch, Screened
  • Porch/Patio/Deck: Covered, Rear Porch, Screened

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Carports: Yes
  • Carport: 1
  • Carport Spaces: 1
  • Covered Spaces: 3
  • Parking Features: Garage Faces Side

Location

  • Area: 34431 - Dunnellon
  • County: Marion
  • Development Name: 34431 - Dunnellon
  • Subdivision: RAINBOW ACRES 01
  • Driving Directions: Starting on N Florida Ave (US-41 N), Keep right onto N Carl G Rose Hwy (SR-200 N) toward Ocala. Turn left onto E Apex Ln. Turn right onto N Florida Ave (US-41).Turn left onto SW 56th Ln. Turn left onto SW 196th Ave. Turn right onto SW 57th Pl. Turn right onto SW 197th Ter. End at 5581 SW 197th Ter
  • Direction Faces: West

School Information

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

Community

  • Community Name: 34431 - Dunnellon

Heating & Cooling

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

Utilities

  • Sewer: Septic Tank
  • Water: Well
  • Utility Description: BB/HS Internet Available, Electricity Connected, Public

Structural Information

  • Architectural Info: Ranch
  • Architectural Style: Ranch
  • Exterior Const.: Block, Brick, Concrete, Stucco
  • Roof: Shingle
  • Stories/Levels: Two
  • Square Feet: 1,953
  • Sq. Ft. Source: Public Records
  • Year Built: 1981

Additional Structures

  • Other Structures: Storage, Workshop

Lot Features

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

Financial Considerations

  • Tax Amount: $4,284.69
  • Tax Year: 2025

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 9 LOT 7
  • Flood Zone Info: X
  • APN: 1751009007
  • Property ID: 1751009007
  • Block/Lot/Section: 9

Listed by Keller Williams Elite Partners Ii

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— 5581 SW 197th Terrace —

  • Keller Williams Elite Partners Ii

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 5581 SW 197th Terrace

School District:Marion County School District
NameGradesDistance
Romeo Elementary School
19550 Southwest 36th Street, Dunnellon, FL 34431
PK-51.3 mi
Dunnellon Middle School
21005 Chestnut Street, Dunnellon, FL 34431
6-85.7 mi
Dunnellon High School
10055 Southwest 180th Avenue Road, Dunnellon, FL 34432
9-124.3 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 5581 SW 197th Terrace Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/27/2026
Listed
$299,900
63.88%
MLS
1/02/2018
Sold
$183,000
—
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 5581 SW 197th Terrace

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,285
9%
$230,831
10%
2024
$3,949
13%
$209,846
10%
2023
$3,507
6%
$190,769
-11%
2022
$3,315
14%
$213,973
35%
2021
$2,896
—
$158,722
11%
2021
$2,896
10%
$143,327
3%
2019
$2,631
96%
$139,352
35%
2018
$1,340
2%
$103,512
2%
2017
$1,314
3%
$101,383
2%
2016
$1,279
—
$99,298
1%
2015
$1,282
6%
$98,608
1%
2014
$1,206
—
$97,825
—
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 Keller Williams Elite Partners Ii

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5581 SW 197th Terrace, Dunnellon, FL 34431 (MLS# OM723407) is a Single Family property with 3 bedrooms and 2 full bathrooms. 5581 SW 197th Terrace is currently listed for $299,900 and was received on April 27, 2026. Want to learn more about 5581 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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