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20045 SW 88th Place Road

DUNNELLON, FL 34431

3 beds
2 baths
1,702 sqft
~1 acre lot
$140 per sqft
1976 build
– on site

FIXER-UPPER OPPORTUNITY in the desirable Rainbow Springs Woodlands! This 3 bedroom, 2 bathroom home sits on a sprawling 1+ acre lot, offering plenty of space and endless potential. The roof was replaced in 2012 and the HVAC system was installed in 2018, giving you a solid foundation to update this home, which needs full renovations. Inside, you’ll find a spacious layout with unfinished projects — perfect for customizing to your vision! Rainbow Springs Woodlands is one of Marion County’s most sought-after private deed-restricted communities, providing residents with exclusive access to some of Florida’s most beautiful natural attractions. Homeowners enjoy private entry to the famous Rainbow River, private kayak launches, tubing access, swimming, snorkeling, and more. The community features a private resident park along the river with a sandy beach area, clubhouse with a restaurant and exercise facilities, tennis courts (also used for pickleball), pavilions, and scenic walking trails. Rainbow Springs State Park and its crystal-clear waters are just minutes away — yet residents benefit from their own private access. Golf enthusiasts will appreciate being less than a mile from Rainbow's End Golf Club, a 9-hole course with separate membership options. This is a rare opportunity to purchase in a highly desirable location and create a beautiful retreat or investment property. Bring your vision, tools, and dreams — this property offers endless possibilities in a breathtaking natural setting! Cash only.

Listing courtesy of STELLAR_MLS / SAVVY AVENUE, LLC

Last checked: Checking… • Last updated May 2, 2025 •

MLS# A4650621 —

The Building

Year Built:

1976
New Construction:

false
Construction Materials:

Block
Levels:

One
Roof:

Shingle
Foundation Details:

Slab
Building Area Total:

2514
Building Area Units:

Square Feet
Building Area Source:

Owner

Interior

Interior Features:

Ninguno
Flooring:

Ceramic Tile
Fireplace:

false

Room Dimensions

Living Area:

1702
Living Area Units:

Square Feet
Living Area Source:

Owner

Location

Directions:

From the intersection of HWY FL-40W and US-41S, head south on 41 approximately 1.3 miles and then turn right on SW 88th Place. Destination will be on the right.
Latitude:

29.094493
Longitude:

-82.453398
Coordinates:

-82.453398, 29.094493

The Property

Parcel Number:

3292071018
Property Type:

Residential
Property Subtype:

Single Family Residence
Lot Size Acres:

1.18
Lot Size Area:

1.18
Lot Size SqFt:

51401
Lot Size Units:

Acres
Total Acres:

1 to less than 2
Zoning:

A1
Direction Faces:

South
View:

false
Exterior Features:

Other
Water Source:

Well
Road Surface Type:

Asphalt
Flood Zone Code:

X
Flood Zone Panel:

12083C0655D
Additional Parcels:

false
Homestead:

false
Lease Restrictions:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

18
Tax Block:

71
Tax Legal Description:

SEC 14 TWP 16 RGE 18 PLAT BOOK R PAGE 041 RAINBOW SPRINGS 1ST REPLAT BLK 71 LOT 18
Tax Book Number:

R-041RAINBOW
Tax Annual Amount:

$3,254

Beds

Bedrooms Total:

3

Baths

Total Baths:

2
Total Baths:

2
Full Baths:

2

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Electricity Connected
Sewer:

Septic Tank

Appliances

Appliances:

Dishwasher
Laundry Features:

None

The Community

Subdivision Name:

RAINBOW SPGS 1ST
Senior Community:

false
Community Features:

Clubhouse
Waterview:

false
Water Access:

false
Waterfront:

false
Spa:

false
Pool Private:

false
Pets Allowed:

Yes
Association:

true
Association Fee:

230
Association Fee Frequency:

Annually
Association Fee Includes:

Community Pool
Association Fee Requirement:

Required
Monthly HOA Amount:

19.17
Ownership:

Fee Simple
Association Approval Required:

false

Parking

Garage:

true
Attached Garage:

true
Garage Spaces:

2
Carport:

false
Covered Spaces:

2

Monthly cost estimate

Asking price

$239,000

Expense	Monthly cost
Mortgage	$1,279
Taxes	$271
Insurance	$65
HOA fees	$19
Utilities	$185 See report
Total	$1,819/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
5/1/25 May 1, 2025	Listed / Active	STELLAR_MLS	$239,000	58.8% (8.5% / YR)
6/12/18 Jun 12, 2018		STELLAR_MLS	$150,500

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This house located in Rainbow Springs, FL 34431 is currently for sale for $239,000. 20045 SW 88th Place Road is a 1,702 square foot house with 3 beds and 2 baths that has been on Estately for 1 days. This house is in the attendance area of Dunnellon Elementary School, Dunnellon Middle School, and Dunnellon High School.

Listing Courtesy of: STELLAR_MLS and SAVVY AVENUE, LLC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.