Completed New Construction 3 bedroom 2 bath Home Located in the up and coming neighborhood of Rainbow Lakes Estates just 30 minutes west of Ocala, 15 minutes from Downtown Dunnellon, and 30 minutes from the Gulf Coast town of Crystal River. This home's upgrades include Stainless Steel Appliances, Wood Cabinets with soft close hinges, Granite Countertops in Kitchen and Baths, Tile Shower and bath, double sinks in Master Bathroom, and Luxury Vinyl Plank Flooring throughout main living area, carpet in bedrooms. The 2 car garage is equipped with garage door opener. Concrete Block Construction and Energy efficient windows. Love the Community you live in! Rainbow Lakes Estates offers a Community Center and a Recreational Park which include playgrounds, tennis courts, racquetball courts, basketball courts, baseball field, walking trails, a boat ramp to Tiger Lake, and picnic pavilions. Rainbow River and Rainbow Springs are part of Marion County's Top outdoor attractions and are only a short 10 minute drive from Rainbow Lakes Estates. Enjoy the crystal clear water for kayaking, tubing and outdoor fun. Play a round of golf just 10 minutes away at Nationally recognized Juliette Falls Championship Golf Course. Whether you enjoy outdoor activities and adventure, or prefer to relax and enjoy the beauty of nature, you'll love calling Rainbow Lakes Estates your home.
Sold for $249,000 on 03/06/25
$249,000
468 SW Alvarez Rd, Dunnellon, FL 34431
3beds
1,317sqft
Single Family Residence
Built in 2024
0.25 Acres Lot
$248,400 Zestimate®
$189/sqft
$1,872 Estimated rent
Home value
$248,400
$221,000 - $281,000
$1,872/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: June 09, 2025 at 06:19pm
Listing Provided by:
Lisa Martineau 352-427-6761,
DALTON WADE INC 888-668-8283,
Jeff Martineau 352-231-5903,
DALTON WADE INC
Bought with:
Logan Anderson, 3463694
FONTANA REALTY
Source: Stellar MLS,MLS#: OM689211
Originating MLS: Suncoast Tampa
Originating MLS: Suncoast Tampa
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: En Suite Bathroom, Walk-In Closet(s)
- Level: First
- Area: 182 Square Feet
- Dimensions: 14x13
Bedroom 2
- Features: Built-in Closet
- Level: First
- Area: 132 Square Feet
- Dimensions: 11x12
Kitchen
- Features: Granite Counters, Pantry
- Level: First
- Area: 140 Square Feet
- Dimensions: 10x14
Living room
- Level: First
- Area: 289 Square Feet
- Dimensions: 17x17
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
- Laundry: Inside, Laundry Room
Features
- Cathedral Ceiling(s), Open Floorplan, Solid Wood Cabinets, Split Bedroom, Walk-In Closet(s)
- Flooring: Carpet, Luxury Vinyl
- Has fireplace: No
Interior area
- Total structure area: 1,811
- Total interior livable area: 1,317 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Exterior features: Lighting
- Waterfront features: Lake Privileges
Lot
- Size: 0.25 Acres
- Dimensions: 77 x 143
Details
- Parcel number: 1816502022
- Zoning: R1
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block, Stucco
- Foundation: Slab
- Roof: Shingle
Condition
- Completed
- New construction: Yes
- Year built: 2024
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Dunnellon
- Subdivision: RAINBOW LAKES ESTATES
HOA & financial
HOA
- Has HOA: No
Other fees
- Pet fee: $0 monthly
Other financial information
- Total actual rent: 0
Other
Other facts
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
- Ownership: Fee Simple
- Road surface type: Asphalt, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/6/2025 | Sold | $249,000-3.9%$189/sqft |
Source:  Stellar MLS #OM689211 | ||
| 2/6/2025 | Pending sale | $259,000$197/sqft |
Source: Stellar MLS #OM689211 | ||
| 11/8/2024 | Listed for sale | $259,000+4%$197/sqft |
Source: Stellar MLS #OM689211 | ||
| 9/27/2024 | Listing removed | $249,000$189/sqft |
Source: Stellar MLS #OM676627 | ||
| 4/11/2024 | Listed for sale | $249,000+3457.1%$189/sqft |
Source: Stellar MLS #OM676627 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $226 +20.7% | $7,250 +134.9% |
| 2023 | $187 +44.8% | $3,086 +10% |
| 2022 | $129 +13.7% | $2,805 +10% |
Find assessor info on the county website
Neighborhood: Rainbow Lakes Estates
Nearby schools
GreatSchools rating
- 3/10Romeo Elementary SchoolGrades: PK-5Distance: 5.4 mi
- 4/10Dunnellon Middle SchoolGrades: 6-8Distance: 9.3 mi
- 2/10Dunnellon High SchoolGrades: 9-12Distance: 9.8 mi
Schools provided by the listing agent
- Elementary: Romeo Elementary School
- Middle: Dunnellon Middle School
- High: Dunnellon High School
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$248,400
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$253,368