Commercial Sale · Mixed Use
8518 SW 189TH COURT RD, DUNNELLON, FL, 34432
Active653 days on marketListed Oct 30, 2024MLS #OM688678
About this property
The property at a glance
!!! JUST REDUCED PRICE BY 1 MILLION DOLLARS!!! This unique opportunity allows for the purchase of a property featuring a clubhouse, maintenance facility, and an 18-hole golf course nestled within the desirable Rainbow Springs community. Although the golf course is currently closed, the property is actively managed, maintained, and mowed multiple times each year. Spanning approximately 215 acres, this land offers a wealth of potential for a savvy investor. The clubhouse underwent a multi-million dollar renovation in 2018, hosting a range of amenities including a swimming pool with nearby restrooms, tennis and pickleball courts, a grand ballroom, a public restaurant on-site, a disc golf course, a half-court basketball area, bocce ball courts, and more. Upon entering the clubhouse, you will find around 25,000 square feet of space that houses various rooms for activities such as meetings, billiards, ping pong, fitness sessions, crafts, card games, and other pursuits. With over 180 parking spaces available, there is plenty of room for guests to enjoy the various offered activities.Additionally, the owner has a vacant lot featuring their own billboard along the busy US 41 for promotional purposes. This property boasts two deep-water wells with water permits valid until November 7, 2040, providing a substantial capacity of 192,500 gallons per day. Furthermore, the property enjoys around 4,500 feet of highway frontage on US 41. Its prime location is less than a mile away from Rainbow Springs State Park, which draws 350,000 visitors each year, and just two miles from the KP Hole County Park on the Rainbow River, which welcomed 100,000 visitors in 2023. The Rainbow Springs Campground is a mere 10-minute drive from the site. The seller is open to the idea of selling the property separately from the clubhouse.
23,768
Building sq ft
$206
Price / sq ft
214.89
Lot acres
1984
Year built
4
Buildings
R1
Zoning
Mixed Use
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$22,990/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Yumiko to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
The area
Who's around this property
13,197
Population
$47,711
Median income
56
Median age
2.27
Avg household
$223,900
Median home value
$1,077/mo
Median rent
858
Households w/ kids
Recent sales
What actually sold near 8518 SW 189TH COURT RD
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$235,000
20847 WALNUT STREET
1,556 sqft · $151/sqft · Sold Jul 31, 2026
$190,000
20799 W PENNSYLVANIA AVENUE
1,608 sqft · $118/sqft · Sold Sep 30, 2025
$300,000
20804 W PENNSYLVANIA AVENUE
3,519 sqft · $85/sqft · Sold Jul 21, 2025
Your team
The pros in your corner
Your agent
Yumiko Sugawara
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 8518 SW 189TH COURT RD — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 8518 SW 189TH COURT RD.
See it in person
Schedule a tour
Live availability from Yumiko's calendar — pick a time and it's booked.
Listing courtesy of DUNNELLON REAL ESTATE LLC · Christopher Hodges. MLS #OM688678.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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