
20906 RIVER DRIVE, DUNNELLON, FL, 34431
Active28 days on marketListed Jun 24, 2026MLS #OM727331
About this home
20906 RIVER DRIVE
Experience Rainbow River waterfront living at its best with this unique 4 bedroom, 3.5 bathroom home offering 2,887 sq ft under air, deep water access, and an incredible location less than one mile from the public boat ramp in the heart of downtown Dunnellon. Perfectly positioned within the no-wake zone, this property lets you slow down and enjoy the peaceful side of river life, whether you are launching kayaks from your private dock, relaxing on the rooftop deck above the covered boathouse, or taking a short kayak or boat ride up the river to two separate waterfront restaurants. The Rainbow River is known for its crystal-clear water, abundant wildlife, and beautiful natural scenery, creating the perfect setting for everyday relaxation, weekend getaways, or short-term rental guests. Inside, the home is full of character with wood and tile flooring throughout most of the home, carpet only in the living room, an updated kitchen with granite countertops and hardwood cabinetry, a dining area with wood plank ceilings, a small bar area off the living room, and a bright upstairs living space with scenic river views. Just outside the living room, the second-floor balcony with paneled ceilings offers another peaceful place to unwind and take in the waterfront views. Three bedrooms are located on the main floor, while the spacious primary suite and bonus room are downstairs, with the primary bedroom and bathroom offering direct access outside toward the dock area. Additional features include a metal roof, newer AC units, private dock, covered boathouse, rooftop deck, and a location close to shopping, dining, and area amenities. Currently used as a vacation home and short-term rental, this property offers the rare combination of waterfront lifestyle, character, convenience, and income potential, with rental income available to be verified for serious buyers.
Facts & features
The home at a glance
4
Bedrooms
3.5
Bathrooms
2,887
Sqft
0.32 ac
Lot size
1
Garage
1948
Year built
Multi/Split
Levels
$261
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$5,194 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$5,194/mo
Includes estimated PMI — it drops off once you reach 20% equity. 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.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Dunnellon actives
$261 vs $187
Days on market
28 vs 43 typical
Where $261/sqft sits among the 400 Dunnellon actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Dunnellon
Get to know Dunnellon. See the full Dunnellon guide →
DUNNELLON 34431 — neighborhood snapshot
Population
8,663
Median age
55.4
Median income
$51,542
Median home value
$185,200
Avg household
2.2
Households w/ children
570
The numbers that matter
The Dunnellon market
$265K → $270K
Dunnellon median sold, yr/yr
98.1%
Sale-to-list ratio (12 mo)
184 of 400
Dunnellon actives have cut their price
Median sold price, Dunnellon, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 1883% above the DUNNELLON 34431 median. See the full Dunnellon market guide →
Paper trail
This home's history
Reality check
What actually sold near 20906 RIVER DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jul ’26$322,500
9450 SW 208TH CIRCLE · same community
3 bd · 2 ba · 1,602 sqft · $201/sqft · 3 DOM
Sold · Jun ’26$550,000
11470 CAMP DRIVE
3 bd · 2.5 ba · 2,634 sqft · $209/sqft · 3 DOM
Sold · Jan ’26$912,000
11511 CAMP DRIVE
4 bd · 3 ba · 2,572 sqft · $355/sqft · 45 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 20906 RIVER DRIVE — start here.

Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 20906 RIVER DRIVE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
20906 RIVER DRIVE FAQs
What would the monthly payment be for 20906 RIVER DRIVE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $5,194/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 20906 RIVER DRIVE?+
The most recent tax bill on record (2024) was $8,229. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Dunnellon?+
At $753,500, this home is listed about 151% above the Dunnellon median of $299,900. The market section on this page shows how the area is trending.
Keep looking
Similar homes nearby
Listing courtesy of RE/MAX PREMIER REALTY · Randy Barnes. MLS #OM727331.
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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