$299,900
5581 SW 197th Terrace Dunnellon, FL 34431
For Sale MLS# OM723407
3 beds 2 baths 1,953 sq ft Single Family
Details for 5581 SW 197th Terrace
MLS# OM723407
Description for 5581 SW 197th Terrace, Dunnellon, FL, 34431
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.
Listing Information
Property Type: Residential, Single Family Residence
Status: Active
Bedrooms: 3
Bathrooms: 2
Lot Size: 0.95 Acres
Square Feet: 1,953 sq ft
Year Built: 1981
Garage: Yes
Stories: 1 Story
Construction: Brick,Block,Concrete,Stucco
Subdivision: Rainbow Acres 01
Foundation: Slab
County: Marion
School Information
Elementary: Romeo Elementary School
Middle: Dunnellon Middle School
High: Dunnellon High School
Room Information
Main Floor
Primary Bathroom: 8.1x5.7
Primary Bedroom: 12.2x11.11
Family Room: 20.1x20.5
Upper Floor
Bedroom 3: 10.1x12.4
Bedroom 2: 13.4x14.6
Kitchen: 18.1x13.1
Dining Room: 10.6x13.8
Living Room: 13.6x26.5
Bathrooms
Full Baths: 2
Additonal Room Information
Laundry: Laundry Room
Interior Features
Appliances: Microwave, Range, Refrigerator, Washer, Dishwasher, Dryer
Flooring: Laminate,Wood
Fireplaces: Wood Burning
Additional Interior Features: Ceiling Fan(s), Wood Cabinets, Main Level Primary, Open Floorplan, Split Bedrooms, Built-in Features, Living/Dining Room
Utilities
Water: Well
Sewer: Septic Tank
Other Utilities: Electricity Connected,High Speed Internet Available,Municipal Utilities
Cooling: Central Air, Ceiling Fan(s)
Heating: Heat Pump
Exterior / Lot Features
Attached Garage: Attached Garage
Garage Spaces: 2
Parking Description: Garage Faces Side
Roof: Shingle
Lot Dimensions: 100x415
Fencing: Chain Link
Additional Exterior/Lot Features: Lighting, Rain Gutters, Rear Porch, Screened, Covered, Landscaped, Outside City Limits
Out Buildings: Storage, Workshop
Driving Directions
Starting on N Florida Ave (US-41 N), Keep right onto N Carl G Rose Hwy (SR-200 N) toward Ocala. Turn left onto E Apex Ln. Turn right onto N Florida Ave (US-41).Turn left onto SW 56th Ln. Turn left onto SW 196th Ave. Turn right onto SW 57th Pl. Turn right onto SW 197th Ter. End at 5581 SW 197th Ter
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: 1751-009-007
Tax Amount: 4284.69
Tax Year: 2025
A broker reciprocity listing courtesy: KELLER WILLIAMS ELITE PARTNERS II
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 5581 SW 197th Terrace
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 5581 SW 197th Terrace
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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