Sold
Last Sold Price
3 beds1,317 sqft$189/sqft
468 SW Alvarez Rd, Dunnellon, FL 34431
Single FamilyProperty Type
0.25 acresLot Size
2024Year Built
$189/sq ftPrice per sq ft
2 carsParking Spaces

Description

Completed New Construction 3 bedroom 2 bath Home Located in the up and coming neighborhood of Rainbow Lakes Estates just 30 minutes west of Ocala, 15 minutes from Downtown Dunnellon, and 30 minutes from the Gulf Coast town of Crystal River. This home's upgrades include Stainless Steel Appliances, Wood Cabinets with soft close hinges, Granite Countertops in Kitchen and Baths, Tile Shower and bath, double sinks in Master Bathroom, and Luxury Vinyl Plank Flooring throughout main living area, carpet...Completed New Construction 3 bedroom 2 bath Home Located in the up and coming neighborhood of Rainbow Lakes Estates just 30 minutes west of Ocala, 15 minutes from Downtown Dunnellon, and 30 minutes from the Gulf Coast town of Crystal River. This home's upgrades include Stainless Steel Appliances, Wood Cabinets with soft close hinges, Granite Countertops in Kitchen and Baths, Tile Shower and bath, double sinks in Master Bathroom, and Luxury Vinyl Plank Flooring throughout main living area, carpet in bedrooms. The 2 car garage is equipped with garage door opener. Concrete Block Construction and Energy efficient windows. Love the Community you live in! Rainbow Lakes Estates offers a Community Center and a Recreational Park which include playgrounds, tennis courts, racquetball courts, basketball courts, baseball field, walking trails, a boat ramp to Tiger Lake, and picnic pavilions. Rainbow River and Rainbow Springs are part of Marion County's Top outdoor attractions and are only a short 10 minute drive from Rainbow Lakes Estates. Enjoy the crystal clear water for kayaking, tubing and outdoor fun. Play a round of golf just 10 minutes away at Nationally recognized Juliette Falls Championship Golf Course. Whether you enjoy outdoor activities and adventure, or prefer to relax and enjoy the beauty of nature, you'll love calling Rainbow Lakes Estates your home.
Listing closed: 03/06/2025 12:00 AM • Source: MFRMLS, MLS#: OM689211

Recent comparable sales

Median sold price

$235,000

Avg days on market

88

Sale-to-list ratio

95.4%

Dunnellon, FL

9 comparable properties found

$221,000 | 649 Southwest Winding Hills Road, Dunnellon, FL 34431
1/2
1

$221,000

Sold 03/18/26

3
Bedrooms
1,238
Square Feet
0.25
Acres
a front view of a house with a yard and garage
1/2
2

$269,900

Sold 03/04/25

3
Bedrooms
1,331
Square Feet
0.25
Acres
a view of a house with a yard
1/2
3

$269,700

Sold 12/16/25

3
Bedrooms
1,407
Square Feet
0.99
Acres
a front view of a house with yard
1/2
4

$214,900

Sold 08/29/25

3
Bedrooms
1,200
Square Feet
0.25
Acres
$215,000 | 107 Southwest Alvarez Road, Dunnellon, FL 34431
1/2
5

$215,000

Sold 07/09/25

3
Bedrooms
1,200
Square Feet
0.25
Acres
a view of a house with a yard
1/2
6

$232,000

Sold 08/29/25

3
Bedrooms
1,394
Square Feet
0.23
Acres
a view of house and outdoor space
1/2
7

$285,000

Sold 01/28/26

3
Bedrooms
1,394
Square Feet
1.22
Acres
a view of a house with a yard and a large tree
1/2
8

$244,000

Sold 07/25/25

3
Bedrooms
1,317
Square Feet
0.31
Acres
$235,000 | 1221 Southwest Little Cliffs Drive, Dunnellon, FL 34431
1/2
9

$235,000

Sold 05/19/26

3
Bedrooms
1,287
Square Feet
0.99
Acres

Location

Listing Courtesy of DALTON WADE INC

Sold By FONTANA REALTY

Add your commute

Payment Calculator

$1,302 per month

30 year fixed, 6.71% Interest

Principal and Interest

$1,287

Property Taxes

$16

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 468 Southwest Alvarez Road

Property Details
  • Taxes: $187 / year
  • MLS Type: Residential / Single Family Residence
  • Subdivision Name: RAINBOW LAKES ESTATES
  • Township: 15S
  • Garage Spaces: 2
  • Waterfront: No
Building Information
  • Year Built: 2024
  • Lot Size: 0.25 AC / 10,890 SF
Summary
Location and General Information
  • Building Area Source: Builder
  • Building Area Total: 1811.0
  • Building Area Units: Square Feet
  • Direction Faces: East
  • Directions: From Ocala- west on hwy 40, right on hwy 328, right on hwy 41, left on SE 80th St, left on Ridgewood Rd, left on Falcon, right on Winding Hills Rd, left on Mallard Ave, right on Alvarez Rd, house on right.
  • Elementary School: Romeo Elementary School
  • Middle Or Junior School: Dunnellon Middle School
  • High School: Dunnellon High School
  • Mls Major Change Type: Sold
  • Major Change Type: Closed
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 468
  • Street Direction Prefix: SW
  • Street Name: ALVAREZ
  • Street Suffix: ROAD
  • State: FL
  • City: DUNNELLON
Parking
  • Attached Garage: Yes
  • Carport: No
  • Garage: Yes
Taxes and HOA Information
  • Association Approval Required: No
  • Association: No
  • CDD: No
  • Tax Block: 4
  • Tax Book Number: G-90ARAINBOW
  • Tax Legal Description: SEC 18 TWP 15 RGE 18 PLAT BOOK G PAGE 90A RAINBOW LAKES ESTATES RESUB OF SEC O BLKS 4,5,6,10,11 BLK 5B LOT 22
  • Tax Lot: 22
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Lot Size Dimensions: 77 x 143
  • Parcel Number: 1816502022
  • Total Acreage: 1/4 to less than 1/2
  • Water Access: Lake
  • Water Access: Yes
  • Water Extras: No
  • Zoning: R1
  • Living Area: 1317
  • Lot Dimensions: 77 x 143
Property and Assessments
  • Year Built Numeric: 2024
  • Flood Zone Code: X
  • Homestead: No
  • New Construction: Yes
  • Property Condition: Completed
  • Public Survey Range: 18E
  • Public Survey Section: 18
Utilities
  • Sewer: Septic Tank
  • Utilities: Electricity Connected
  • Water Source: Well
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Stucco
  • Exterior Features: Lighting
  • Foundation Details: Slab
  • Levels: One
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 3
  • Bathrooms Full: 2
  • Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Carpet, Luxury Vinyl
  • Heating: Central, Electric
  • Interior Features: Cathedral Ceiling(s), Open Floorplan, Solid Wood Cabinets, Split Bedroom, Walk-In Closet(s)
  • Laundry Features: Inside, Laundry Room
  • Living Area Source: Builder
  • Living Area Units: Square Feet
  • Room Count: 4.0
  • Water View: No
  • Bathrooms Half: 0

Property History for 468 Southwest Alvarez Road

DateEvent & SourcePriceAppreciation
Mar 6, 2025

Sold

MFRMLS #OM689211

$249,000
Mar 5, 2025

Sold (Public Record)

Public Record #1552914977

$249,000

+658.1% / yr

Feb 6, 2025

Pending

MFRMLS #OM689211

DateEvent & SourcePrice
03/06/2025

Sold

MFRMLS #OM689211

$249,000
03/05/2025

Sold (Public Record)

Public Record #1552914977

$249,000

+658.1% / yr

02/06/2025

Pending

MFRMLS #OM689211

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 468 Southwest Alvarez Road

Taxable ValueLand-Additions-Total-
Tax Record2025$4,391 ($366 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,326 SqFtAbove Grade Finished SqFt1,326 SqFtStories1Lot Size10,890 SqFtStyleSingle Family ResidenceYear Built2024Year Renovated2024ZoningR1CountyMARIONAPN1816-502-022

Schools near 468 Southwest Alvarez Road

This home is within Marion.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Romeo Elementary School
PublicPK to 5

Dunnellon Middle School
Public6 to 8

Dunnellon High School
Public9 to 12

Ina A.Colen Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

New listings in 34431

$334,900 | 7299 Southwest 202nd Court, Dunnellon, FL 34431
1/45

$334,900

3
Bedrooms
1,445
Square Feet
0.93
Acres
$679,900 | 21675 Southwest 84th Loop, Dunnellon, FL 34431
1/91

$679,900

3
Bedrooms
2,551
Square Feet
1.75
Acres
$379,900 | 19831 Nightingale Drive, Dunnellon, FL 34431
1/56

$379,900

3
Bedrooms
1,918
Square Feet
0.53
Acres
$314,900 | 1939 Southwest Viburnum Road, Dunnellon, FL 34431
1/28

$314,900

4
Bedrooms
1,679
Square Feet
1
Acres
$12,000 | 1812-012-024 Southwest Pinto Place, Dunnellon, FL 34431
1/3

$12,000

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.25
Acres
$12,500 | Tbd Northwest Columbine Avenue, Dunnellon, FL 34431
1/5

$12,500

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.25
Acres
$399,900 | 13151 Southeast 127th Place, Dunnellon, FL 34431
1/33

$399,900

3
Bedrooms
1,904
Square Feet
12.07
Acres
$240,000 | 21950 Southwest Marine Boulevard, Dunnellon, FL 34431
1/14

$240,000

3
Bedrooms
1,173
Square Feet
0.26
Acres
$149,000 | 20919 Southwest Robin Drive, Dunnellon, FL 34431
1/30

$149,000

3
Bedrooms
1,199
Square Feet
0.24
Acres

Nearby home values

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of DALTON WADE INC

Based on information from one of the following Multiple Listing Services: Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.