19330 83Rd Place Rd Dunnellon, FL 34432
This exceptional 215-acre property in Dunnellon, Florida, presents a unique investment opportunity. The centerpiece is a recently renovated 25,000 sq ft clubhouse featuring a grand ballroom, restaurant, swimming pool, tennis and pickleball courts, and various recreational spaces (billiards, ping pong, fitness area). Five buildings in total, including a 3,000 sq ft maintenance facility and cart barn, sit on this expansive site. The property boasts 180 parking spaces and two deep-water wells with permits extending to November 7, 2040, providing 192,500 gallons of water daily. A former 18-hole golf course (currently closed but maintained) adds to the acreage. The property enjoys approximately 4,500 feet of highway frontage on US 41, providing excellent visibility and access. Its strategic location near Rainbow Springs State Park (350,000 annual visitors) and KP Hole County Park (100,000 visitors in 2023) offers significant potential for increased revenue. The property includes a vacant lot with a billboard on US 41. Zoned B-2, R-1, and PUD, this property offers diverse development possibilities. The seller is open to selling the land separately from the clubhouse. Built in 1984 with renovations completed in 2018, this property is listed at $5,900,000. APN: 3296-000-001.
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Rainbow Springs Property Owners Association Association / Organization
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Dunnellon Community Church Church
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Cheers at Rainbow Springs Restaurant
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Rainbow Springs Club Hotel & Motel Resort
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Blue Run Cart Master & River Rat Rentals LLC Canoe & Kayak Rental Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.