Beautifully updated 2-bedroom, 2.5-bath home on a spacious 0.62-acre lot in desirable Rainbow Lakes Estates! This move-in-ready home offers 1,388 square feet of comfortable living space and has been thoughtfully updated with a new roof (2022), HVAC (2021), energy-efficient windows (2019–2021), screened lanai (2022), and brand-new kitchen appliances (2025). Den can be turned into a 3rd bedroom. The beautifully landscaped perennial gardens (2024–2026) provide exceptional curb appeal and year-round color. Outside, you'll also find a 20' shipping container, carport, and storage shed, offering plenty of room for hobbies, tools, or extra storage. Enjoy the relaxed Florida lifestyle with access to Rainbow Lakes Estates' clubhouse, fitness center, parks, playgrounds, tennis courts, fishing pier, and boat ramps on both Lake Bonable and Lake Tiger, perfect for fishing, kayaking, canoeing, and enjoying the outdoors. Conveniently located just minutes from Rainbow Springs State Park and the crystal-clear Rainbow River, and within easy driving distance of the World Equestrian Center, historic downtown Dunnellon, Ocala, Gainesville, Crystal River, and Florida's Gulf Coast, this home offers the perfect combination of modern updates, outdoor recreation, and small-town charm. USDA financing may be available for qualified buyers.
For sale
$265,000
4500 SW FRESHWATER COURT, DUNNELLON, FL 34431
2beds
1,388sqft
Single Family Residence
Built in 1968
0.62 Acres Lot
$-- Zestimate®
$191/sqft
$-- HOA
What's special
Year-round colorStorage shedExceptional curb appealBeautifully landscaped perennial gardensBrand-new kitchen appliances
- 86 days
- 165
- 12
Zillow last checked:
Listing updated:
Listed by:
Randy Shultz 352-639-2891,
RAINBOW SPRINGS REAL ESTATE 352-804-3697,
Michael Bowden 352-405-2857,
RAINBOW SPRINGS REAL ESTATE
Source: Stellar MLS,MLS#: OM728409
Originating MLS: Ocala - Marion

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Florida Room
Primary bedroom
- Features: En Suite Bathroom, Walk-In Closet(s)
- Level: First
Balcony porch lanai
- Level: First
Dining room
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Heat Pump
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
- Laundry: Laundry Room
Features
- Ceiling Fan(s), Walk-In Closet(s)
- Flooring: Luxury Vinyl, Tile
- Has fireplace: No
Interior area
- Total structure area: 2,394
- Total interior livable area: 1,388 sqft
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Garage - Attached, Carport
- Attached garage spaces: 2
- Carport spaces: 1
- Covered spaces: 3
Features
- Levels: One
- Stories: 1
- Patio & porch: Screened
- Exterior features: Irrigation System, Storage
Lot
- Size: 0.62 Acres
Details
- Additional structures: Other, Shed(s), Storage
- Parcel number: 1805000010
- Zoning: R1
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1968
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: RAINBOW LAKES ESTATES
HOA
- Has HOA: No
Location
- Region: Dunnellon
Financial & listing details
- Price per square foot: $191/sqft
- Tax assessed value: $171,503
- Annual tax amount: $3,589
- Date on market: 7/17/2026
- Cumulative days on market: 195 days
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Listed for sale | $265,000-1.3%$191/sqft |
Source: | ||
| 7/1/2026 | Listing removed | $268,500$193/sqft |
Source: | ||
| 3/14/2026 | Listed for sale | $268,500+41.3%$193/sqft |
Source: | ||
| 2/28/2023 | Sold | $189,990$137/sqft |
Source: | ||
| 1/3/2023 | Pending sale | $189,990$137/sqft |
Source: | ||
| 1/3/2023 | Listed for sale | $189,990+332.8%$137/sqft |
Source: | ||
| 5/25/2008 | Listing removed | $43,900$32/sqft |
Source: Point2 #V286768 Report a problem | ||
| 4/4/2008 | Listed for sale | $43,900$32/sqft |
Source: Point2 #V286768 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,589 +4.4% | $171,503 -0.4% |
| 2024 | $3,436 +427.1% | $172,132 +175.2% |
| 2023 | $652 -5.7% | $62,542 +3% |
| 2022 | $692 +4% | $60,720 +14.8% |
| 2021 | $665 +0.2% | $52,871 +1.4% |
| 2020 | $663 +0.5% | $52,141 +2.3% |
| 2019 | $660 | $50,969 +1.9% |
| 2018 | $660 +6.5% | $50,019 +2.1% |
| 2017 | $619 +2.2% | $48,990 +2.1% |
| 2016 | $606 | $47,982 +0.7% |
| 2015 | $606 +1.5% | $47,648 -1.2% |
| 2014 | $597 +3% | $48,210 +1.4% |
| 2013 | $580 +2.8% | $47,534 +1.7% |
| 2012 | $564 +4.8% | $46,739 +3% |
| 2011 | $538 +3.2% | $45,378 +1.5% |
| 2010 | $521 +6.1% | $44,707 +2.7% |
| 2009 | $491 +3.1% | $43,532 +0.1% |
| 2008 | $476 +9.2% | $43,489 +3% |
| 2007 | $436 -3% | $42,223 +2.5% |
| 2006 | $450 -0.6% | $41,194 +3% |
| 2005 | $452 | $39,995 +3% |
| 2004 | $452 -7.2% | $38,831 +4.3% |
| 2002 | $487 +37.8% | $37,214 +4.6% |
| 2001 | $354 | $35,562 |
| 2000 | $354 | $35,562 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Rainbow Lakes Estates
Nearby schools
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.






