Why Live in Rainbow Springs
The neighborhood of Rainbow Springs gets its name from the large state park and winding river located within it. While only a small portion of homes back up to the water, Jeanne Herzig-Arena, a Realtor with Professional Realty of Ocala who sells throughout Marion County, says the whole area has the remote feel of a waterfront community, and residents get the same laid-back vibe without paying the inflated prices of coastal homes. “I think that’s the main draw,” she says. “You get that waterfront feel without having to live on the coast.” On the neighborhood’s east side, houses sit a bit close together yet still boast large front and back yards. Most have three or four bedrooms and were built after 1980. Ranch-style homes are most common for older homes, and new construction boasts New Traditional styles. Prices range from $230,000 to $650,000, with higher-priced homes featuring recent renovations. Large homes, often with four or more bedrooms, sit along the Rainbow River. They average around $1 million and have backyard water views. West of Highway 41, lot sizes are bigger. Home sizes and styles are like those on the east side and range from $220,000 to $580,000. Higher-priced
Home Trends in Rainbow Springs, FL
On average, homes in Rainbow Springs, Dunnellon sell after 65 days on the market compared to the national average of 69 days. The median sale price for homes in Rainbow Springs, Dunnellon over the last 12 months is $509,290, up 17% from the median home sale price over the previous 12 months.
Median Sale Price
$509,290
Median Single Family Sale Price
$509,290
Median Townhouse Sale Price
$699,995
Average Price Per Sq Ft
$363
Number of Homes for Sale
7
Last 12 months Home Sales
135
Median List Price
$524,900
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
17%