For SaleSingle Family ResidenceActive
2886 N C 470
Lake Panasoffkee, FL 33538
$425,000
110 Days On Site
- 2Beds
- 1Baths1 full
- 1,086Sq Ft
- $391Per Sq Ft
- 2.16Acres
- 1978Built
- Subdivision
- Panasoffkee Forest
- County
- Sumter
- MLS®
- G5115539
Overview
Located in the heart of Lake Panasoffkee at the intersection of C-470 and County Road 414, this property offers a unique opportunity for waterfront residential development. With the approved plots for up to 13 single-family manufactured homes along the canal front and outlet river, or 8 "cottages" 600-800 sq ft in size, already plotted by the county. All approved site plans are recorded with the county, and available to interested buyers upon request to the listing agent. This site is perfect for transforming into a picturesque waterfront, river access, income producing community. Currently, the property includes one home and five mobile home, Three of the mobile homes are in disrepair and will require removal, one is a lot lease and one is rented. The site build home has a new roof replaced in 2025, and new flooring throughout. The redevelopment possibilities are immense, allowing for the creation of a modern, inviting neighborhood that takes full advantage of the stunning waterfront views. County Road 414 provides direct access to a scenic walking bridge that overlooks the outlet and leads to Marsh Bend “Outlet” Park. This park is a local favorite, featuring a public boat ramp, walking trails, a beach volleyball court, picnic areas, fishing spots, grill stations, and a pet area, enhancing the appeal of this location for future residents. Discover the potential of this exceptional property and imagine the waterfront lifestyle it can offer. Call or email us today to explore all the development possibilities.
Listing Snapshot
- Price
- $425,000
- Days On Site
- 110 Days
- Bedrooms
- 2
- Inside Area (SqFt)
- 1,086 sqft
- Total Baths
- 1
- Full Baths
- 1
- Partial Baths
- 0
- Lot Size
- 2.16 Acres
- Year Built
- 1978
- MLS® Number
- G5115539
- Status
- Active
- Property Tax
- $3,631.44 (2025)
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- Public Records
Property Details
General Features
11 items
- Acres
- 2.16
- Carport
- 1
- Direction Faces
- Southeast
- Foundation
- Slab
- Levels
- One
- Property Sub Type
- Single Family Residence
- Sewer
- Septic Tank
- SqFt Total
- 1,264
- Utilities
- Electricity Connected
- Water Source
- Public
- Zoning
- RPUD
Interior Features
9 items
- Appliances
- Range, Refrigerator
- Cooling
- Central Air
- Furnished
- Unfurnished
- Heating
- Central
- Laundry Features
- Other
Rooms
| Room | Dimensions | Level | Features |
|---|---|---|---|
| Kitchen | 10x10 | First | |
| Living Room | 10x10 | First | |
| Master Bathroom | 5x7 | First | |
| Master Bedroom | 11x11 | First |
Exterior Features
8 items
- Construction Details
- Other
- Exterior
- Other
- Lot Features
- Waterfront
- Roof
- Shingle
- View
- Canal, Water
- Waterfront
- Yes
- Waterfront Features
- Canal Front
- Waterview
- Canal, Water
Community Features
3 items
- MLS Area
- 33538 - Lake Panasoffkee
- Township
- 19S
- Roads
- Asphalt
Location
2886 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.
Schools
- Elementary School
- Lake Panasoffkee Elementary
- Middle School
- South Sumter Middle
- High School
- South Sumter High
Price & Status History
- Listing updated with changes from the MLS®
- Listing first seen on site
- Status changed to Active
Friends & Family
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