$244,900
●
House -
For Sale
24128 NW GERANIUM AVENUE
DUNNELLON, FL 34431
3 Beds
2 Baths
1,317 Ft²
$1,224
Est. Monthly
About This Property
New construction in Dunnellon's Rainbow Lakes Estates with no HOA
and a quarter acre homesite. This split bedroom floor plan offers
open living, efficient use of space, and a kitchen that connects
naturally to the main living area. The larger lot gives buyers room
for a fence, outdoor storage, equipment parking, or added privacy.
RLE residents enjoy access to Sea Cliff Park, sports courts,
walking trail, fitness center, youth center, and Lake Bonable for
swimming, canoeing, and fishing. Convenient to downtown Dunnellon,
Rainbow River, Ocala, parks, lakes, and outdoor recreation.
Unit Size
1,317 Ft²
Days on Market
157 days
Land Size
0.24 acres
Price per sqft
$186
Property Type
House
Property Taxes
$21
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (Stellar MLS #OM724047)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 15, 2026 | No longer available | - | |
| No longer available | |||
| Aug 12, 2026 | Price Decreased |
$239,900
↓ $5K
(2%) | |
| Price Decreased | |||
| Jun 22, 2026 | Listed by Ashlar Realty | $244,900 | |
| Listed by Ashlar Realty | |||
   | |||
|
Fresh new construction in Rainbow Lakes Estates with the freedom buyers are looking for. No HOA, a usable homesite, and a clean layout that makes everyday living easy. The open main living area keeps things connected, while the split bedroom design adds privacy. Outside, there is room for a fence, pets, storage, parking, or the backyard setup you have been wanting. Located in Dunnellon near Rainbow River, Rainbow Springs, downtown Dunnellon, Ocala, parks, lakes, and outdoor recreation. Rainbow Lakes Estates also offers resident amenities including parks, sports courts, walking areas, a fitness center, youth center, and Lake Bonable for fishing and canoeing. Simple, practical, and move-in ready.
| |||
| May 4, 2026 | Listed by ASHLAR REALTY | $244,900 | |
| Listed by ASHLAR REALTY | |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Open Floorplan, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s), Split Bedroom, Thermostat
Appliances: Electric Water Heater, Microwave, Range, Refrigerator
Flooring Type: Luxury Vinyl
Door Features: Sliding Doors
Laundry Features: Laundry Room
Rooms: 3
Exterior Details
Square Footage: 1317
Square Footage Source: $0
Property Condition: Completed
Year Built: 2026
Building Area Total: 1811
Levels: One
Building Area Units: Square Feet
Construction Materials: Block, Concrete, Stucco
Lot Size Area: 10454
Lot Size Units: Square Feet
Lot Size Acres: 0.24
Lot Size Square Feet: 10454
Lot Size Dimensions: 70 x 150
Tax Lot: 26
Water Source: Well
Financial Details
Tax Annual Amount: $246
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Electric
Sewer : Aerobic Septic
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Marion
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Currently no similar homes aroundNearby Rentals
Listed by: Joshua Smith
ASHLAR REALTY
Last Updated: 6 months ago
Data Source: Stellar MLS, MLS# OM724047
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
ASHLAR REALTY
Last Updated: 6 months ago
Data Source: Stellar MLS, MLS# OM724047
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017