20906 River Drive, Dunnellon, FL 34431 (MLS # OM727331)

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Experience Rainbow River waterfront living at its best with this unique 4 bedroom, 3.5 bathroom home offering 2,887 sq ft under air, deep water access, and an incredible location less than one mile from the public boat ramp in the heart of downtown Dunnellon. Perfectly positioned within the no-wake zone, this property lets you slow down and enjoy the peaceful side of river life, whether you are launching kayaks from your private dock, relaxing on the rooftop deck above the covered boathouse, or taking a short kayak or boat ride up the river to two separate waterfront restaurants. The Rainbow River is known for its crystal-clear water, abundant wildlife, and beautiful natural scenery, creating the perfect setting for everyday relaxation, weekend getaways, or short-term rental guests. Inside, the home is full of character with wood and tile flooring throughout most of the home, carpet only in the living room, an updated kitchen with granite countertops and hardwood cabinetry, a dining area with wood plank ceilings, a small bar area off the living room, and a bright upstairs living space with scenic river views. Just outside the living room, the second-floor balcony with paneled ceilings offers another peaceful place to unwind and take in the waterfront views. Three bedrooms are located on the main floor, while the spacious primary suite and bonus room are downstairs, with the primary bedroom and bathroom offering direct access outside toward the dock area. Additional features include a metal roof, newer AC units, private dock, covered boathouse, rooftop deck, and a location close to shopping, dining, and area amenities. Currently used as a vacation home and short-term rental, this property offers the rare combination of waterfront lifestyle, character, convenience, and income potential, with rental income available to be verified for serious buyers.

DAYS ON MARKET 6 LAST UPDATED 6/24/2026
TRACT DUNNELLON YEAR BUILT 1948
COMMUNITY 34431 - Dunnellon GARAGE SPACES 1.0
COUNTY Marion STATUS Active
PROPERTY TYPE(S) Single Family


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
AREA 34431 - Dunnellon
CONSTRUCTION HardiPlank Type
EXTERIOR Dock, Other
GARAGE Yes
HEAT Heat Pump
LOT 0.32 acre(s)
LOT DESCRIPTION Waterfront
LOT DIMENSIONS 100x140
SEWER Public Sewer
STORIES Split/Multi Level
SUBDIVISION DUNNELLON
TAXES 8228.88
UTILITIES Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected
VIEW Yes
VIEW DESCRIPTION River, Water
WATER Public
WATERFRONT Yes
WATERFRONT DESCRIPTION River Front
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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*Estimate only

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Listing provided by Randy Barnes, RE/MAX PREMIER REALTY, 352-732-3222
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 6/30/26 5:15 AM PDT.

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