Virtual TourMap

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

RoomDimensionsLevelFeatures
Kitchen10x10First
Living Room10x10First
Master Bathroom5x7First
Master Bedroom11x11First

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

  1. Listing updated with changes from the MLS®
  2. Listing first seen on site
  3. Status changed to Active

Friends & Family

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Listing courtesy of FLAMINGO REAL ESTATE & MNGMT (352) 461-4667

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 06:29 PM EST

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