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Pending
    • Price cut: $24.9K (7/3)
    $275,000

    5581 SW 197TH TERRACE, DUNNELLON, FL 34431

    3beds
    1,953sqft
    : 
    $1,810/mo
    Get pre-qualified
    Single Family Residence
    Built in 1981
    0.95 Acres Lot
    $-- Zestimate®
    $141/sqft
    $-- HOA

    What's special

    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.
    118 days
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    63
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    1
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    Zillow last checked:

    Listing updated:

    Listed by:

    Tomika Spires-Hanssen 352-586-6598,

    KELLER WILLIAMS REALTY - ELITE PARTNERS II 352-419-0200

    Source: Stellar MLS,MLS#: OM723407MLS LogoOriginating MLS: Lake and Sumter

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Family Room
      Primary bedroom
      • Features: Built-in Closet
      • Level: First
      • Area: 135.54 Square Feet
      • Dimensions: 11.11x12.2
      Bedroom 2
      • Features: Built-in Closet
      • Level: Second
      • Area: 195.64 Square Feet
      • Dimensions: 14.6x13.4
      Bedroom 3
      • Features: Built-in Closet
      • Level: Second
      • Area: 125.24 Square Feet
      • Dimensions: 12.4x10.1
      Primary bathroom
      • Level: First
      • Area: 46.17 Square Feet
      • Dimensions: 5.7x8.1
      Dining room
      • Level: Second
      • Area: 146.28 Square Feet
      • Dimensions: 13.8x10.6
      Family room
      • Level: First
      • Area: 412.05 Square Feet
      • Dimensions: 20.5x20.1
      Kitchen
      • Level: Second
      • Area: 237.11 Square Feet
      • Dimensions: 13.1x18.1
      Living room
      • Level: Second
      • Area: 360.4 Square Feet
      • Dimensions: 26.5x13.6
      Heating
      • Heat Pump
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
      • Laundry: Laundry Room
      Features
      • Ceiling Fan(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom
      • Flooring: Laminate, Hardwood
      • Has fireplace: Yes
      • Fireplace features: Wood Burning
      Interior area
      • Total structure area: 2,816
      • Total interior livable area: 1,953 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 3
      • Parking features: Garage Faces Side
      • Attached garage spaces: 2
      • Carport spaces: 1
      • Covered spaces: 3
      • Details: Garage Dimensions: 19x29
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered, Rear Porch, Screened
      • Exterior features: Lighting, Rain Gutters
      • Fencing: Chain Link
      Lot
      • Size: 0.95 Acres
      • Dimensions: 100 x 415
      • Features: In County, Landscaped
      • Residential vegetation: Trees/Landscaped
      Details
      • Additional structures: Storage, Workshop
      • Parcel number: 1751009007
      • Zoning: R1
      • Special conditions: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Block, Brick, Concrete, Stucco
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1981

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: BB/HS Internet Available, Electricity Connected, Public

      Community & HOA

      Community
      • Pet fee: $0 monthly
      • Subdivision: RAINBOW ACRES 01
      HOA
      • Has HOA: No
      Location
      • Region: Dunnellon

      Financial & listing details

      • Price per square foot: $141/sqft
      • Tax assessed value: $266,708
      • Annual tax amount: $4,284
      • Date on market: 4/27/2026
      • Cumulative days on market: 87 days
      • Listing terms: Cash,Conventional
      • 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

        DateEventPrice
        7/10/2026Pending sale$275,000$141/sqft
        Source: Realtors Association of Citrus County #853881 Report a problem
        7/3/2026Price change$275,000-8.3%$141/sqft
        Source: Realtors Association of Citrus County #853881 Report a problem
        4/18/2026Listed for sale$299,900+9.1%$154/sqft
        Source: Realtors Association of Citrus County #853881 Report a problem
        10/2/2025Listing removed$274,900$141/sqft
        Source: Stellar MLS #G5097369 Report a problem
        9/24/2025Pending sale$274,900$141/sqft
        Source: Stellar MLS #G5097369 Report a problem
        8/26/2025Price change$274,900-5.2%$141/sqft
        Source: Stellar MLS #G5097369 Report a problem
        7/1/2025Price change$289,900-3.4%$148/sqft
        Source: Stellar MLS #G5097369 Report a problem
        5/21/2025Listed for sale$300,000+63.9%$154/sqft
        Source: Stellar MLS #G5097369 Report a problem
        1/2/2018Sold$183,000-1.1%$94/sqft
        Source: Realtors Association of Citrus County #762635 Report a problem
        11/17/2017Pending sale$185,000$95/sqft
        Source: Coldwell Banker Riverland Realty #524120 Report a problem
        11/2/2017Price change$185,000-7.5%$95/sqft
        Source: Coldwell Banker Riverland Realty #524120 Report a problem
        9/6/2017Listed for sale$199,900-20%$102/sqft
        Source: CB/RIVERLAND REALTY #524120 Report a problem
        5/1/2009Listing removed$249,900$128/sqft
        Source: Listhub #303095 Report a problem
        4/25/2008Listed for sale$249,900$128/sqft
        Source: Visual Tour #303095 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,285 +8.5%$230,831 +10%
        2024$3,949 +12.6%$209,846 +10%
        2023$3,507 +5.8%$190,769 +10%
        2022$3,315 +14.5%$173,426 +10%
        2021$2,896 +8.4%$157,660 +10%
        2020$2,672 +1.5%$143,327 +2.9%
        2019$2,631 $139,352 +34.6%
        2018$2,631 +100.2%$103,512 +2.1%
        2017$1,314 +2.5%$101,383 +2.1%
        2016$1,282 $99,298 +0.7%
        2015$1,282 +6.3%$98,608 +0.8%
        2014$1,206 +2.7%$97,825 +1.5%
        2013$1,175 +0.6%$96,379 +0.9%
        2012$1,167 +3%$95,558 +2.5%
        2011$1,133 +2.2%$93,196 +1.5%
        2010$1,109 +5.4%$91,819 +2.7%
        2009$1,052 +1.2%$89,405 +0.1%
        2008$1,040 -12%$89,316 +3%
        2007$1,181 -5%$86,715 +2.5%
        2006$1,244 +3.7%$84,600 +3%
        2005$1,199 $82,136 +3%
        2004$1,199 -30.8%$79,744 +4.3%
        2002$1,734 +0.3%$76,424 +6.8%
        2001$1,728 $71,538
        2000$1,728 $71,538
        Find assessor info on the county website

        Monthly payment

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        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.
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        Climate risks

        Neighborhood: 34431

        Getting around

        8 / 100
        Car-Dependent
        28 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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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