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$2,500,000

11685 E BLUE COVE DR, Dunnellon, FL 34432

Active
5
Beds
4
Baths
6,040
Sq Ft
$413
Per Sq Ft
1991
Built
1
Days Listed
4
Garage
0.36
Acres

About This Property

A rare opportunity to own one of Rainbow River’s premier waterfront estates. Experience unparalleled luxury where timeless elegance meets one of Florida’s most breathtaking natural settings. This exceptional 6,040± square-foot residence boasts approximately 90 feet of private Rainbow River frontage, offering unobstructed views of the crystal-clear, spring-fed waters. With no homes across the river—only the untouched beauty of Florida’s natural landscape—this extraordinary property delivers a level of privacy and serenity that is truly unmatched. Thoughtfully designed to capture the spectacular views, the home features two expansive screened porches spanning both levels, along with a private balcony off the owner’s suite, creating the perfect setting to enjoy peaceful mornings, colorful sunsets, and the beauty of the river throughout the day. A grand foyer welcomes you inside, where an elegant staircase and custom elevator provide access to the main living level. The impressive great room showcases soaring vaulted ceilings, a stately fireplace, custom wet bar, and walls of glass that frame the river beyond. French doors open seamlessly to the screened porch, blending indoor and outdoor living. The gourmet kitchen flows effortlessly into the dining area, creating an ideal space for both intimate gatherings and grand entertaining. The owner’s suite is a private sanctuary featuring its own fireplace, sitting area, and secluded porch overlooking the river. The spa-inspired bath offers a soaking tub, walk-in shower, private water closet with bidet, dual vanities, and two generous walk-in closets. Two additional guest suites, each with private en-suite baths, provide exceptional comfort and privacy. The lower level is equally impressive, featuring an expansive game room with a built-in bar and custom cabinetry, along with a spacious flex room complete with a closet and utility sink—ideal as an art studio, fitness room, home office, media room, or additional guest suite. An additional bedroom and full bath make this level perfectly suited for extended family, guests, or multigenerational living. Two oversized garages provide space for up to four vehicles, while the conveniently located upstairs laundry room enhances everyday functionality. Outside, approximately 90 feet of private Rainbow River frontage sets the stage for an extraordinary waterfront lifestyle. A spacious deck leads to the private dock, offering immediate access to boating, kayaking, paddleboarding, fishing, swimming, or simply floating along one of Florida’s most celebrated spring-fed rivers. A tranquil waterfall feature and beautifully landscaped grounds complete this remarkable outdoor retreat. Combining architectural elegance, exceptional craftsmanship, and one of the most coveted locations on the Rainbow River, this extraordinary estate offers an unparalleled opportunity to experience the very best of Florida waterfront living.

Facts & Features

Interior
Bedrooms5
Full Bathrooms4
Half Bathrooms0
Interior Sq Ft6,040
Total Structure Area8,884 sqft
FireplaceYes
FlooringCarpet, Tile, Wood
HeatingHeat Pump
CoolingCentral Air
AppliancesCooktop, Dishwasher, Microwave
LaundryInside, Laundry Room
Interior FeaturesBuilt-in Features, Elevator, Kitchen/Family Room Combo, Open Floorplan, Primary
Property
Construction
Utilities
Community & HOA
Financial & Listing Details

Rooms

Room types: Kitchen, Primary Bedroom, Living Room

Kitchen
LevelFirst
Dimensions15x18
Primary Bedroom
LevelFirst
Dimensions20x18
Living Room
LevelFirst
Dimensions23x30

Schools

School assignments and grades are informational — verify boundaries with the school district before purchasing.

Price History

Jul 16, 2026 Listed $2,500,000

Listed by JOAN PLETCHER · MLS# OM728590

Recently Sold in 34432

8459 SW 138TH TER
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8459 SW 138TH TER, 34432
3 bd · 2 ba · 1,543 sqft
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Properties displayed may be listed or sold by various participants in the MLS

More in Dunnellon


Listing information © 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved. Data deemed reliable but not guaranteed. Last updated: 2026-07-17.
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.
Contact Agent
Florida Property Finder · LPT Realty, LLC
Mike Valdes
Mike Valdes
Florida Property Finder · LPT Realty
(813) 548-5618
💵 $0 Down Eligible

This home qualifies for 100% financing with no PMI through the PATH loan program — no down payment, and no private mortgage insurance in your monthly payment.

Ask about $0 down — (813) 548-5618
Not in an eligible area or unsure? You may still qualify based on income — contact us. Eligibility based on 2024 FFIEC census data; subject to lender verification. Check any address →
🌾 USDA Rural $0 Down Eligible

This home is in a USDA-designated rural area and may qualify for a USDA Rural Development guaranteed loan — 100% financing with no down payment. USDA loans use an upfront and annual guarantee fee instead of monthly PMI.

Ask about USDA $0 down — (813) 548-5618
This reflects geographic (area) eligibility only — USDA loans also require household income under 115% of the area median income, subject to lender verification. Check any address →
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