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11685 E Blue Cove Dr, Dunnellon, FL, 34432

5beds
4baths
6,040sqft
$2,500,000
$414price/sqft
$18,246/moest. monthly cost
$729,840/yrincome needed

About This Home

Experience unparalleled Luxury on the Rainbow River and discover Florida living at its finest! This stunning two-story, 6,040 sq. ft. riverfront estate offers unobstructed views of the crystal-clear Rainbow River—no homes across the water, just pure natural beauty. Designed to embrace its surroundings, the home features two expansive screened porches spanning each level, plus a private porch off the owner’s suite, perfect for morning coffee or sunset cocktails. Step inside through a grand foyer and ascend the elegant staircase or take the custom elevator to the upper level, where a spectacular great room awaits. Soaring vaulted ceilings, a stately fireplace, and a custom wet bar set the stage for entertaining. The open gourmet kitchen flows seamlessly into the dining area, while walls of glass and French doors invite you to the porch for panoramic river views. The owner’s suite is a serene retreat with a cozy sitting area, fireplace, and private porch. The spa-inspired bath boasts a walk-in shower, soaking tub, private water closet with bidet, dual vanities, and two walk-in closets. Two additional guest suites with private baths ensure comfort for family and friends. The ground floor boasts a spacious foyer leading to an impressive game room with a built-in bar and cabinets. There is also a large flex room, with a closet and utility sink - perfect for an artist’s studio, fitness room, home office, or additional guest suite. A nearby bedroom and full bath make this level ideal for multigenerational living. Two oversized garages easily accommodate four vehicles, and a large laundry room is conveniently located upstairs. Outdoor living is unmatched featuring a private deck leads to your dock for boating, kayaking, paddleboarding, fishing, and swimming. A tranquil waterfall feature completes this rare riverfront paradise. This exceptional property combines luxury, serenity, and the essence of Florida living! *All measurements to be verified by buyer and buyer's representative**

Getting Around

15
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

5/10
4/10
Dunnellon Middle SchoolGrades 6-81.2 mi
2/10
Dunnellon High SchoolGrades 9-122.6 mi

Construction

Condition

  • Year built: 1991

Materials

  • Foundation: Block
  • Roof: Metal
  • Construction materials: Stucco

Type & Style

  • Home type: SingleFamily
  • Architectural style: Multi-Level
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Electric Cooktop,Microwave,Refrigerator

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Flooring: Carpet,Tile,Wood

Interior Area

  • Total structure area: 8,884
  • Total interior livable area: 6,040 sqft

Property

Details

  • Parcel number: 0808911000
  • Zoning: R1
  • Special condition: Standard
  • Other equipment: Intercom

Features

  • Pool features: None
  • Exterior features: Concrete Driveway
  • On waterfront: Yes
  • Waterfront features: River Front,Waterfront
  • Frontage type: River,Waterfront

Lot

  • Lot size: 0.36 Acres
  • Features: Trees

Parking

  • Total spaces: 4
  • Parking features: Attached,Concrete,Driveway,Garage
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • Has uncovered spaces: Yes

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 $12,641$151,692
Home Insurance *$1,616$19,392
Property Taxes $3,382$40,584
Electricity $607$7,294
Total$18,246$218,952
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$625,577/yr
40% on housing$547,380/yr
45% on housing$486,560/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

$414This listing

vs Other Active Listings

Avg $/sqft

ZIP 34432$382
Marion County$208

vs Homes Sold Last Month

Median $/sqft

ZIP 34432$188
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
2026-04-23Price change$2,500,000
2026-01-17Price change$2,995,000
2025-11-24Listed for sale$3,600,000
2006-12-14Sold$1,125,000
2005-09-26Sold$1,650,000

For Sale by Agent

AgentSharon Strawn
BrokerageMeek Real Estate

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