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2992 N C 470

Lake Panasoffkee, FL 33538

$780,000

  • 48.6Acres
  • A10C, R4MZoning
  • SumterCounty
Subdivision
Squirrel Haven
County
Sumter
MLS®
G5110150

Overview

Discover this stunning outlet river-front property in Lake Panasoffkee! This unique 48.6-acre property is mostly wooded with a few open areas, featuring two ponds and several low-lying spots. It includes a house and a mobile home—the latter currently rented—though the true value lies in the expansive land. Free-roaming horses add to the rural charm and scenic appeal. The largest parcel boasts split zoning of A10C and RR5, with the remaining three parcels zoned R4M, offering possibilities. With approximately 1,655 feet of frontage along the outlet and 1,125 feet on C-470, this property is ideal for fishing, boating, or simply enjoying waterfront living. By water, it’s about 0.5 miles to Lake Panasoffkee and 1.4 miles to the Withlacoochee River. Whether you’re seeking a private retreat, a development opportunity, or a recreational haven, this property delivers. Easy access to restaurants, shopping, and major highways enhances the convenience of this one-of-a-kind location. 5-minute drive to I-75 and conveniently close to SR 44 to the north. The popular community of The Villages is a short 20-minute drive to the east, while Inverness lies to the west. Orlando and Tampa are each just about an hour away, making this location perfect for both recreation and accessibility.

Listing Snapshot

Price
$780,000
Days On Site
N/A
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
48.6 Acres
Year Built
N/A
MLS® Number
G5110150
Status
Sold
Property Tax
$2,767.8 (2025)
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A

Property Details

General Features

6 items
Acres
48.6
Additional Property Use
Agricultural
Sewer
None
Utilities
Other
Water Source
Private, Well
Zoning
A10C, R4M

Exterior Features

6 items
Frontage
1125
Lot Features
Waterfront
View
Canal, Water
Waterfront
Yes
Waterfront Features
Canal Front
Waterview
Canal, Water

Community Features

3 items
MLS Area
33538 - Lake Panasoffkee
Township
19S
Roads
Dirt, Unimproved

Location

2992 N C 470, Lake Panasoffkee, FL 33538 · 33538 - Lake Panasoffkee

Neighborhood & Commute

ZIP Code 33538

Median household income
$49,122
Income per person
$29,393
Households
3,027
Average household size
2.33
Median age
47.9

Source: Walk Score.

Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.

Price & Status History

  1. Listing updated with changes from the MLS®
  2. Status changed to Closed

Friends & Family

Listing courtesy of SMITH & SMITH REALTY, INC. (352) 461-1186

Stellar MLS

Listing information is provided by Participants of the Stellar MLS. 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. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS.

Last checked: 2026-11-14 07:37 PM EST

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