$10,000

closing credit¹

12139 Palmetto Way Dunnellon, FL 34432

$1,400,000
3 beds
2 full
2,230 sqft
0.5 acres
$628 / sqft
House

Property details

About 12139 Palmetto Way

Incredible views of the Rainbow river, majestic oaks and nature from your covered and screened in lanai with phenomenal sunsets! This property boasts almost a 1/2 an acre with 100 foot of water frontage on the river. Just a small kayak ride to the main body of water. Swampy's Bar & Grille restaurant across the street ( a local fave) and crystal clear water embracing all of Floridas natural landscape.This your plan is spacious with oversized living room, overlooking kitchen with staining the appliances and dining area. There are three spacious bedrooms in this home and 2 full baths. Step outside your double sliding door onto the cupboard and screen oversize patio. This area overlooks a spacious large backyard with grilling patio as well. Walk out and across the yard to use the crystal clear water featuring walk on fishing pier and deck perfect for getting on your paddleboard or kayak. Bring the boat if you wish and explore all that rainbow river has in store! This waterfront oasis is currently used as an Airbnb and the guests absolutely love it! The weather you’re buying for a primary or an investment this property is sure to please! 15 minutes from the world of equestrian center and 45 minutes to the gulf coast!! Whether here play or stay….. this one is worth the visit!

Highlights

Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size2,230 sqft
Lot size0.49 Acres
Year built1961
MLS #O6261456
WaterfrontRiver Front
ViewWater

Virtual tour

Summary

  • MLS Number: O6261456
  • MLS Name: MFRMLS
  • Office Name: GAILEY ENTERPRISES REAL ESTATE
  • Office Phone: (770) 733-2596
  • Listing Agent: Richard Gailey

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

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IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/2/2025, 8:19:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of yard with a water view

$1,400,000

12139 Palmetto Way

$10,000

closing credit¹

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Price information

Property sales

DateEventPrice
Oct 10, 2018
Home Sold
$420,000
Dec 04, 1996
Home Sold
$150,000

Tax history

YearAssessmentProperty Tax
2023$461,019$9,351
2022$495,196$8,419
2021$393,566$8,419
2020$346,370$7,596
2018$169,622$2,633
2017$166,133$2,409

History based on county public records data.

Nearby schools

5

Dunnellon Elementary School

Public District PK-5

2.7 mi

10235 SW 180th Avenue Rd

5

Central Ridge Elementary School

Public District PK-5

5.1 mi

185 W Citrus Springs Blvd

4

Citrus Springs Elementary School

Public District PK-5

5.3 mi

3570 W Century Blvd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $33,608. The most common annual income of people living in Dunnellon, FL is less than $<35k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

52%
<35k
40%
35k-100k
7%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

51%
Single, No Kids
10%
Single, with Kids
29%
Married, No Kids
10%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

10%
<11 yrs old
6%
12-17 yrs old
13%
18-34 yrs old
37%
35-64 yrs old
34%
65+ yrs old

What do the neighbors do for fun?

  • NASCARNASCAR
  • Pro WrestlingPro Wrestling
  • Figure SkatingFigure Skating

Where do the neighbors shop?

  • Dollar GeneralDollar General
  • Bass Pro ShopsBass Pro Shops
  • Wal-MartWal-Mart

Where do the neighbors go to eat?

  • Hardee'sHardee's
  • ApplebeesApplebees
  • Jimmy JohnsJimmy Johns

What do the neighbors drive?

  • GMCGMC
  • DodgeDodge
  • OldsmobileOldsmobile

What do the neighbors listen to?

  • Classic CountryClassic Country
  • CountryCountry
  • OldiesOldies
All data provided by Home Junction and Claritas

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Frequently asked questions

About 12139 Palmetto Way

This home is located at 12139 Palmetto Way in Dunnellon, FL and zip code 34432. This 2,230 square foot home, which was built in 1961, sits on a 0.49 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 2, 2024 and is currently priced at $1,400,000.

In January 2025 more than 11 listings in Dunnellon, FL were sold above the asking price. During the same period more than 33 listings were sold at asking price, while more than 37 were sold below. In January 2025 in Dunnellon, FL there were 9.2% more homes for sale than in December. While the average time on the market in January 2025 was 66 days, the median list price was $273,212.

From Rocket Homes Real Estate and based on county public records data.

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