2886 N C 470, LAKE PANASOFFKEE, FL 33538
$425,000 · Active
MLS #G5115539
- Price
- $425,000
- Status
- Active
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 1,086 sq ft
- Home type
- Single Family Residence
- Year built
- 1978
- Lot size
- 2.16 acres
- Full bathrooms
- 1
- Half bathrooms
- 0
- Private pool
- No
- Waterfront
- Yes
- New construction
- No
- HOA
- No
- 55+ community
- No
- Levels
- One
- County
- Sumter
- Annual property taxes
- $3,631.44
- Subdivision
- PANASOFFKEE FOREST
- Appliances & Equipment
- Range · Refrigerator
- Bathrooms
- 1 total bathroom · 1 full bathroom
- Bedrooms
- 2 total bedrooms
- Building
- Built in 1978 · Living area: 1086 · Living area units: Square Feet · Building faces Southeast · Levels: One
- Cooling
- Central Air
- Floors
- Luxury Vinyl
- Foundation
- Slab
- Heating
- Central
- Interior Features
- Ceiling Fans(s)
- Lot
- 2.16 acres
- Parking
- 1 carport space
- Property
- Canal
- Roof
- Shingle
- Sewer
- Septic Tank
- Utilities
- Electricity Connected · Water Source: Public
- Water Features
- Canal - Freshwater
- Elementary school
- Lake Panasoffkee Elementary
- Middle school
- South Sumter Middle
- High school
- South Sumter High
About this home
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.
Courtesy of FLAMINGO REAL ESTATE & MNGMT 352-689-1000
Schedule A Tour Get More Information On This HomeContact LPT Realty at (877) 366-2213 to ask about this home.