10721 185th Terrace
Brokerage Office: 352-629-6883
10721 185th Terrace, DUNNELLON, FL 34432
  • MLS#: OM660856 ( Residential )
  • Street Address: 10721 185th Terrace
  • Viewed: 190
  • Price: $2,900,000
  • Price sqft: $223
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: River Front
  • Year Built: 1975
  • Bldg sqft: 13000
  • Bedrooms: 10
  • Total Baths: 8
  • Full Baths: 8
  • Garage / Parking Spaces: 4
  • Days On Market: 71
  • Acreage: 1.20 acres
  • Additional Information
  • Geolocation: 29.0673 / -82.4285
  • County: MARION
  • City: DUNNELLON
  • Zipcode: 34432
  • Subdivision: Rio Vista
  • Elementary School: Dunnellon
  • Middle School: Dunnellon
  • High School: Dunnellon
  • Provided by: KELLER WILLIAMS CORNERSTONE RE
  • mfrmls
  • DMCA Notice
  • Description
    2% OWNER FINANCING! Don't miss out on these PRICELESS waterfront views! Owner financing is available for this property located on the crystal clear waters of the Rainbow River. This income producing property with gorgeous waterfront views would be a great investment for anyone looking to generate passive income. The main house consisting of 10 bedrooms and 8 baths could be rented out to large groups of vacationers or long term tenants, and the smaller 3/2 residence could be used as an Airbnb rental or guest home. You can also choose to enjoy waterfront paradise year round and create an owner's residence of the guest home and collect a potential annual income of over $200k from renting out the main residence that has the ability to comfortably sleep 40 vacationers. There is also an additional building next to the small house with an additional bedroom with AC and a bathroom and kitchen. This is a turn key opportunity as the home comes fully furnished inside and out including the paddleboards, kayaks, and 24 foot pontoon boat that will convey. Known formally as Rainbow River Lodging, this vacation property generates consistent VRBO bookings and positive Google reviews with guests. A short distance from the popular KP Hole Park and a conveniently close drive to Walmart and Publix also make this a prime location for visitors. This home is also self sufficient for approximately 30 days with whole house generators, a deep spring well, and a large propane gas tank. As an added bonus, this property includes a large tool shed filled with tools and a connecting vacant lot for additional storage needs or room to expand and build additional living quarters. If you are looking for a waterfront property that can generate income and provide a great place to live, then this property is definitely worth consideration!
Property Location and Similar Properties
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Property Features
Waterfront Description
  1. River Front
Appliances
  1. Dishwasher
  2. Range
  3. Refrigerator
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 2.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Other
Fencing
  1. Fenced
Flooring
  1. Carpet
  2. Laminate
  3. Tile
Furnished
  1. Furnished
Garage Spaces
  1. 2.00
Heating
  1. Central
  2. Electric
  3. Heat Pump
High School
  1. Dunnellon High School
Insurance Expense
  1. 0.00
Interior Features
  1. Cathedral Ceiling(s)
  2. Ceiling Fans(s)
  3. Eat-in Kitchen
  4. Kitchen/Family Room Combo
  5. Solid Surface Counters
Legal Description
  1. SEC 30 TWP 16 RGE 19 PLAT BOOK K PAGE 046 RIO VISTA REPLAT BLK A LOTS 2 & 3
Levels
  1. Two
Living Area
  1. 6000.00
Middle School
  1. Dunnellon Middle School
Area Major
  1. 34432 - Dunnellon
Net Operating Income
  1. 0.00
Occupant Type
  1. Owner
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Other Structures
  1. Cabana
  2. Guest House
  3. Storage
Parcel Number
  1. 3483-001-003
Pets Allowed
  1. Yes
Property Type
  1. Residential
Roof
  1. Shingle
School Elementary
  1. Dunnellon Elementary School
Sewer
  1. Public Sewer
Style
  1. Key West
Tax Year
  1. 2022
Township
  1. 16S
Utilities
  1. Cable Available
  2. Electricity Connected
  3. Public
  4. Sewer Connected
View
  1. Water
Views
  1. 190
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/OM660856
Water Source
  1. Well
Year Built
  1. 1975
Zoning Code
  1. R1
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