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    12524 SW 109TH PLACE Dunnellon, FL 34432

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    For Sale
    $899,000

    Ranch, Farm - DUNNELLON, FL

    Type:Farm
    Property size:
    2,188 SF
    Lot size:
    14.91 Acres
    Price / SF:
    $410/SF
    Added:
    Mar 10, 2026
    Days on Market:
    50
    Last Refresh:
    Apr 28 at 3:06 pm

    Property Features for 12524 SW 109TH PLACE

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Zoning
    A3
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Kitchen, Living Room
    Parking features
    Garage, Garage - Attached
    Security features
    Security Gate, Security System, Smoke Detector(s)
    Pets allowed
    Yes
    Pool private
    1
    Interior features
    Cathedral Ceiling(s), Ceiling Fans(s), Split Bedroom, Thermostat, Vaulted Ceiling(s), Window Treatments
    Exterior features
    Fencing, French Doors, Private Entrance, Pool
    Fencing
    Fenced, Gate
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Washer, Water - Softener
    Standard status
    Active
    APN
    3496-003-015
    Size
    2,188 SF
    Lot size
    14.91 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4176.47

    Utilities

    Heating system
    Central, Fireplace(s), Solar (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1999
    Flooring type
    Tile, Tile - Ceramic, Vinyl
    Building materials
    Stucco
    Roof type
    Shingle
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Jennifer Mirabile
    Jennifer Mirabile

    Listing agent Jennifer Mirabile License #3531576

    Listing office BRIJE REAL ESTATE LLC 6725 SW 131st Circle, zellwood, FL

    Listing date Mar 10, 2026

    MLS# O6388172 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Upgraded Farm Retreat with Equestrian Amenities

    This upgraded private farm retreat is located at the end of a cul-de-sac in Dunnellon. Designed for comfort and functionality, the property blends modern technology, energy efficiency, and equestrian amenities on fully fenced acreage with open pastures and shade oaks. The home features cathedral ceilings, new windows (2018), updated A/C (2021), and a new roof (2021). Spectrum fiber optic internet, Spectrum TV service, Starlink installation, and a cell phone/WiFi booster are included. Additional upgrades feature solar panels (2025), wired generator plug-in, ADT security system, fire and smoke detectors, and a Whirlpool water softener system (2018). The property includes a Florida Room with mini-split (2024) overlooking a heated saltwater pool and spa with waterfall and screened enclosure installed in 2023. Equestrian amenities include a concrete block stucco 3-stall barn with room for additional stalls, a wash/grooming rack, and an office or tack room. The 14.91-acre property is fenced with 10 paddocks, open pastures, and shade oaks. Additional features include two storage sheds, several awnings, a remote gate entry system, and space for equipment. Ceiling fans, light fixtures, and window blinds convey with the property. The property is located minutes from medical facilities, shopping, dining, The World Equestrian Center, and Rainbow Springs State Park. The property has A3 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Building Supply Auto Repair Shop Accounting Firm Garden Center Electronics & Wireless Store Daycare Center Computer & Electronic Repair Home Appliance Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dunnellon
    County
    Citrus
    State
    Florida
    Longitude
    -82.3264442
    Latitude
    29.063029

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    FAQs

    What type of property is this?
    Farm - Private farm retreat with modern upgrades and equestrian amenities.
    Where is this farm located?
    The property is located at 12524 SW 109TH PLACE Dunnellon, FL.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Private, upgraded farm retreat on fully fenced acreage, ideal for equestrian activities or livestock.; Modern upgrades including new windows (2018), updated A/C (2021), new roof (2021), and solar panels (2025) for reduced energy costs.; **Heated saltwater pool & spa** with screened enclosure (2023) and waterfall.
    (321) 303-4436
    We can help!
    Listing Contact
    Jennifer Mirabile
    Jennifer Mirabile
    Real Estate License ID: 3531576
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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