1. Florida
  2. Dunnellon
  3. 20530 SW 5TH PLACE
$999,000

20530 SW 5TH PLACE, Dunnellon, FL 34431

  • 6 beds |
  • 4 baths |
  • 3,208 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1997
  • Property Lot Size Icon19.17acre lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $311/sqft
  • Property List Date Icon Listed 1 day ago

Property Description

19.17 Acres – Two Homes, Barn, No HOA! Looking for space, income potential, and a prime location? This beautiful 19.17-acre farm in Romeo checks all the boxes! Situated on a paved road with no HOA, the property is equidistant (22 minutes) between HITS and the World Equestrian Center (see maps in photos) and just minutes from Rainbow Springs. Perfectly designed for efficiency by a professional horseman, this farm is suitable for any discipline and offers multiple income opportunities. Live in one home and rent out the other (Airbnb/VRBO) for great returns—or even consider adding an RV hookup for guests. The land was formerly a hay farm, providing established Bahia grass pastures to keep horses in top condition. ? Property Highlights: Two Homes: • Main Home – 3BR/2BA block home (1997) with new roof (2024) and HVAC (2022) • Second Home – 3BR/2BA mobile home (2015) 12-Stall Barn with efficient layout No HOA & agricultural zoning Income-producing potential: boarding, Airbnb/VRBO, or seasonal rentals Roof on Main House is 2024, HVAC 2022 Established pastureland for horses or livestock Some photos and video are from three years ago (property was off the market due to health reasons), but updated pictures are coming soon—though the farm has changed very little. This is a rare chance to own a versatile, income-generating farm in a sought-after location.

Listing Status:
Active
Date Added:
August 21, 2025 at 05:00AM
Listing Office:
PEGASUS REALTY & ASSOC INC : 352-629-4505
Listing Agent:
Karen Grimes : 352-895-9302
MLS ID:
OM705658
  • General: Ceiling Fan(s)
  • Appliances: DishwasherRangeRefrigerator
  • Laundry: Other
  • Flooring: Ceramic Tile
  • A/C: Central Air
  • Heating: Central

This listing courtesy of Karen Grimes, PEGASUS REALTY & ASSOC INC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

R

Romeo Elementary School

19550 SW 36th St, Dunnellon, FL, 34431

Grades PK-5

2.20 miles away

D

Dunnellon Middle School

21005 Chestnut St, Dunnellon, FL, 34431

Grades 6-8

8.92 miles away

D

Dunnellon High School

10055 SW 180th Avenue Rd, Dunnellon, FL, 34432

Grades 9-12

7.65 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.