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20906 RIVER DRIVE, Dunnellon, FL, 34431

4beds
4baths
2,887sqft
$753,500
$261price/sqft
$5,636/moest. monthly cost
$225,440/yrincome needed

About This Home

Experience Withlacoochee River waterfront living at its best only 5 min boat ride to the mouth of the Rainbow River 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.

Getting Around

53
WalkingSomewhat Walkable
0
TransitVery Limited Transit
33
BikeSomewhat Bikeable

Schools

5/10
5/10
Dunnellon Middle SchoolGrades 6-80.3 mi
2/10
Dunnellon High SchoolGrades 9-123.8 mi

Construction

Condition

  • Year built: 1948

Materials

  • Foundation: Concrete Perimeter
  • Roof: Metal
  • Construction materials: HardiPlank Type

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer
  • Laundry features: Inside

Balcony Porch Lanai

  • Level: Upper

Balcony Porch Lanai

  • Level: First

Bathroom1

  • Level: Upper

Bathroom2

  • Level: Upper

Bathroom3

  • Level: First

Bathroom4

  • Level: First

Bedroom2

  • Features: Built-in Closet
  • Level: Upper

Bedroom3

  • Features: Built-in Closet
  • Level: Upper

Bedroom4

  • Features: Built-in Closet
  • Level: First

Bedroom5

  • Features: Built-in Closet
  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Dining Room

  • Level: Upper

Features

  • Ceiling Fan(s)
  • Flooring: Carpet,Ceramic Tile,Hardwood

Great Room

  • Level: Upper

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,454
  • Total interior livable area: 2,887 sqft

Kitchen

  • Level: Upper

Laundry

  • Level: Upper

Primary Bedroom

  • Features: Built-in Closet
  • Level: Upper

Property

Details

  • Parcel number: 3380044700
  • Zoning: R3A
  • Special condition: None

Features

  • Levels: Multi/Split
  • Exterior features: Other
  • Has view: Yes
  • View description: River
  • Has water view: Yes
  • Water view: River
  • On waterfront: Yes
  • Waterfront features: River Front,River Access

Lot

  • Lot size: 0.32 Acres
  • Lot size dimensions: 100 x 140

Parking

  • Total spaces: 1
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Hurricane
Lightning
Cold Wave
Inland Flooding
Tornado
Wildfire

FEMA Declared Disasters in Marion County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,810$45,720
Home Insurance *$485$5,820
Property Taxes $1,051$12,612
Electricity $290$3,486
Total$5,636$67,632
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$193,234/yr
40% on housing$169,080/yr
45% on housing$150,293/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 16.1%
16.1%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 5.6%
5.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$261This listing

vs Other Active Listings

Avg $/sqft

ZIP 34431$135
Marion County$208

vs Homes Sold Last Month

Median $/sqft

ZIP 34431$180
Marion County$168

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-11Price change$715,900
2026-06-24Listed for sale$753,500
2025-10-16Listing removed$754,000
2025-08-21Price change$754,000
2025-07-16Listed for sale$764,900
2025-06-25Pending sale$764,900
2025-04-18Listed for sale$764,900
2025-03-20Listing removed$769,000
2025-02-03Price change$769,000
2025-01-21Listed for sale$799,000
2024-12-29Pending sale$799,000
2024-11-18Listed for sale$799,000
2024-11-15Pending sale$799,000
2024-11-09Listed for sale$799,000
2022-02-23Sold$655,000
2022-01-11Pending sale$689,000
2021-11-10Price change$689,000
2021-09-14Price change$789,000
2021-08-29Listed for sale$895,000

For Sale by Agent

AgentRandy Barnes
BrokerageRE/MAX PREMIER REALTY

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