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For sale
    • Price increase: $851K (6/12)
    $1,750,000

    12139 Palmetto Way, Dunnellon, FL 34432

    3beds
    2,230sqft
    : 
    $10,946/mo
    Get pre-qualified
    Single Family Residence
    Built in 1961
    0.49 Acres Lot
    $1,645,400 Zestimate®
    $785/sqft
    $-- HOA

    What's special

    Own Your Slice of Heaven on the Rainbow River. Discover the perfect section of the Rainbow, offering peaceful, tranquil, serene riverfront life. This retreat on the pristine Rainbow River is waiting for you. Enjoy an open-concept kitchen and living area—ideal for entertaining family and friends. Step outside to your private dock for kayaking, tubing, or boating right from your backyard. Cruise into Dunnellon by boat, explore the scenic Withlacoochee River, or head to Lake Rousseau for exceptional freshwater fishing. Relax on your screened patio while taking in breathtaking views of the river, or spend the day at nearby Rainbow Springs State Park for a family picnic. Conveniently located with easy access to Ocala, Gainesville, Crystal River, the Suncoast Parkway to Tampa, and Gulf Coast fishing. Close to shopping, dining, golf courses, medical facilities, and more. Don’t miss this rare opportunity to live where others vacation! Owner financing with 1/2 down, 5% interest. Insurance and taxes to be escrowed
    65 days
    |
    504
    |
    10
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Nancy Little Lewis 352-302-6082,

    Compass Homes and Land LLC,

    Brittany Williams 352-651-2020,

    Compass Homes and Land LLC

    Source: Realtors Association of Citrus County,MLS#: 844648MLS LogoOriginating MLS: Realtors Association of Citrus County

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Central, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
      • Laundry: In Garage
      Features
      • Laminate Counters, Primary Suite, Pantry, Shower Only, Separate Shower
      • Flooring: Tile
      • Windows: Double Pane Windows
      Interior area
      • Total structure area: 2,752
      • Total interior livable area: 2,230 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Concrete, Driveway, Boat, RV Access/Parking
      • Has uncovered spaces: Yes
      Features
      • Stories: 1
      • Exterior features: Concrete Driveway
      • Pool features: None
      • On waterfront: Yes
      • Waterfront features: Boat Dock/Slip, River Front, Waterfront
      • Frontage type: River,Waterfront
      Lot
      • Size: 0.49 Acres
      • Dimensions: 95 x 225
      • Features: Rectangular
      Details
      • Parcel number: 3383001011
      • Zoning: Out of County
      • Special conditions: Standard,Listed As-Is

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Stucco
      • Foundation: Block
      • Roof: Asphalt,Shingle
      Condition
      • New construction: No
      • Year built: 1961

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Boat Facilities, Laundry Facilities, Restaurant, Airport/Runway, Shopping
      • Subdivision: Not on List
      HOA
      • Has HOA: No
      Location
      • Region: Dunnellon

      Financial & listing details

      • Price per square foot: $785/sqft
      • Tax assessed value: $666,904
      • Annual tax amount: $9,967
      • Date on market: 5/27/2026
      • Cumulative days on market: 426 days
      • Listing terms: Cash,Conventional
      • Road surface type: Paved

        Estimated market value

        $1,645,400

        $1.56M - $1.73M

        $1,930/mo

        Price history

        DateEventPrice
        6/12/2026Price change$1,750,000+94.7%$785/sqft
        Source: Realtors Association of Citrus County #844648 Report a problem
        5/27/2026Listed for sale$899,000$403/sqft
        Source: Realtors Association of Citrus County #844648 Report a problem
        5/12/2026Listing removed$899,000$403/sqft
        Source: Realtors Association of Citrus County #844648 Report a problem
        4/20/2026Price change$899,000+12.4%$403/sqft
        Source: Realtors Association of Citrus County #844648 Report a problem
        3/27/2026Price change$799,900-3%$359/sqft
        Source: Realtors Association of Citrus County #844648 Report a problem
        3/6/2026Price change$824,900-2.8%$370/sqft
        Source: Realtors Association of Citrus County #844648 Report a problem
        2/17/2026Price change$849,000-2.9%$381/sqft
        Source: Realtors Association of Citrus County #844648 Report a problem
        2/8/2026Price change$874,000-2.8%$392/sqft
        Source: Realtors Association of Citrus County #844648 Report a problem
        1/10/2026Price change$899,000-2.8%$403/sqft
        Source: Realtors Association of Citrus County #844648 Report a problem
        11/15/2025Price change$925,000-7.4%$415/sqft
        Source: Realtors Association of Citrus County #844648 Report a problem
        5/14/2025Listed for sale$999,000-28.6%$448/sqft
        Source: Realtors Association of Citrus County #844648 Report a problem
        5/9/2025Listing removed$1,400,000$628/sqft
        Source: Stellar MLS #O6261456 Report a problem
        3/23/2025Listed for sale$1,400,000$628/sqft
        Source: Stellar MLS #O6261456 Report a problem
        3/6/2025Listing removed$1,400,000$628/sqft
        Source: Stellar MLS #O6261456 Report a problem
        12/2/2024Listed for sale$1,400,000$628/sqft
        Source: Stellar MLS #O6261456 Report a problem
        11/7/2024Listing removed$1,400,000$628/sqft
        Source: Stellar MLS #OM630117 Report a problem
        9/15/2024Price change$1,400,000+64.3%$628/sqft
        Source: Stellar MLS #OM630117 Report a problem
        5/20/2024Price change$852,000-2.9%$382/sqft
        Source: Stellar MLS #OM630117 Report a problem
        2/19/2024Price change$877,000-5.2%$393/sqft
        Source: Stellar MLS #OM630117 Report a problem
        11/30/2023Listed for sale$924,900+3%$415/sqft
        Source: Stellar MLS #OM630117 Report a problem
        11/16/2023Listing removed--
        Source: Stellar MLS #OM630117 Report a problem
        10/2/2023Price change$897,900-5.3%$403/sqft
        Source: Stellar MLS #OM630117 Report a problem
        6/24/2023Price change$947,777-2.8%$425/sqft
        Source: Stellar MLS #OM630117 Report a problem
        4/24/2023Price change$975,000-2.4%$437/sqft
        Source: Stellar MLS #OM630117 Report a problem
        10/27/2022Listed for sale$999,000+552.9%$448/sqft
        Source: Stellar MLS #OM630117 Report a problem
        7/28/2022Sold$153,000-66.7%$69/sqft
        Source: Public Record Report a problem
        12/23/2019Sold$460,000+9.5%$206/sqft
        Source: Realtors Association of Citrus County #787239 Report a problem
        10/10/2018Sold$420,000$188/sqft
        Source: Realtors Association of Citrus County #757571 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$9,968 +6.6%$507,121 +10%
        2023$9,351 +11.1%$461,019 +10%
        2022$8,419 +10.8%$419,108 +10%
        2021$7,597 +10.3%$381,007 +10%
        2020$6,890 +0.2%$346,370 +1.1%
        2019$6,879 $342,633 +102%
        2018$6,879 +173.1%$169,622 +2.1%
        2017$2,519 +3.8%$166,133 +2.1%
        2016$2,427 $162,716 +0.7%
        2015$2,427 +6.9%$161,585 +1.3%
        2014$2,271 +3.5%$159,552 +1.5%
        2013$2,195 +1.9%$157,194 +1.7%
        2012$2,153 +2.2%$154,566 +3%
        2011$2,107 +3.5%$150,064 +1.5%
        2010$2,036 +6.1%$147,846 +2.7%
        2009$1,920 +6.4%$143,959 +0.1%
        2008$1,804 +33.1%$143,816 +39.4%
        2007$1,356 -9.7%$103,170 +2.5%
        2006$1,501 +2.1%$100,654 +3%
        2005$1,470 $97,724 +3%
        2004$1,470 -1.6%$94,878 +4.3%
        2002$1,494 +4.7%$90,926 +4.6%
        2001$1,427 $86,889
        2000$1,427 $86,889
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 34432

        Getting around

        30 / 100
        Car-Dependent
        49 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Dunnellon Elementary
        • Middle: Dunnellon Middle
        • High: Dunnellon High

        Source: Realtors Association of Citrus County. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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