8518 Sw 189th Court Rd, Dunnellon, FL, 34432 | $8,999,000

This unique opportunity allows for the purchase of a property featuring a clubhouse, maintenance facility, and an 18-hole golf course nestled within the desirable Rainbow Springs community. Although the golf course is currently closed, the property is actively managed, maintained, and mowed multiple times each year. Spanning approximately 215 acres, this land offers a wealth of potential for a savvy investor. The clubhouse underwent a multi-million dollar renovation in 2018, hosting a range of amenities including a swimming pool with nearby restrooms, tennis and pickleball courts, a grand ballroom, a public restaurant on-site, a disc golf course, a half-court basketball area, bocce ball courts, and more. Upon entering the clubhouse, you will find around 25, 000 square feet of space that houses various rooms for activities such as meetings, billiards, ping pong, fitness sessions, crafts, card games, and other pursuits. With over 180 parking spaces available, there is plenty of room for guests to enjoy the various offered activities. Additionally, the owner has a vacant lot featuring their own billboard along the busy US 41 for promotional purposes. A separate maintenance building and a cart barn, totaling approximately 3, 000 square feet, are also included in the property. This property boasts two deep-water wells with water permits valid until November 7, 2040, providing a substantial capacity of 192, 500 gallons per day. Furthermore, the property enjoys around 4, 500 feet of highway frontage on US 41. Its prime location is less than a mile away from Rainbow Springs State Park, which draws 350, 000 visitors each year, and just two miles from the KP Hole County Park on the Rainbow River, which welcomed 100, 000 visitors in 2023. The Rainbow Springs Campground is a mere 10-minute drive from the site. The seller is open to the idea of selling the property separately from the clubhouse or selling the maintenance barn and property separate, etc. which makes this property an exceptional find!

Features

  • Property Type: Mixed Use
  • Construction: Other
  • Utilities: Electricity Available, Phone Available, Water Connected
  • Garage: Over 30 Spaces
  • Levels: 2
  • Heating: Central, Electric
  • Cooling: Central Air
  • Year Built: 1984
  • Acreage: 214.89
  • Est. Taxes: $9,564
  • Lot Desc: Neighbourhood, Wooded
  • MLS#: OM688678
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/OM688678/8518sw189thcourtrd_dunnellon_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/1/2024 6:37:11 PM)
Listing courtesy of DUNNELLON REAL ESTATE LLC   Phone: 352-875-7787

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NMLS Mortgage Loan Originator ID 16953

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8518 Sw 189th Court Rd, Dunnellon, FL, 34432

$8,999,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $7,199,200 $7,199,200 $7,199,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.750% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.343% 6.864% 6.725%
Monthly Tax Payment $797 $797 $797
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $46,097 $46,694 $62,713
Total Monthly Payment $47,019 $47,616 $63,635

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.