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$425,000

Est. payment - /mo

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2 Beds

1 Bath

1,086 SqFt

New

2886 N C 470 Lake Panasoffkee, FL 33538

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Mike Spicer

mike@mikespicer.com +1(407) 705-2232

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,086 sqft

Price per Sqft $391

Subdivision Panasoffkee Forest

MLS Listing ID G5115539

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1978

Annual Tax Amount $3,631

Lot Size 2.160 Acres

Acres 2.16

Property Sub-Type Single Family Residence

Source Stellar MLS

Property Description

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.

Location

State FL

County Sumter

Community Panasoffkee Forest

Area 33538 - Lake Panasoffkee

Zoning RPUD

Interior

Interior Features Ceiling Fans(s)

Heating Central

Cooling Central Air

Flooring Luxury Vinyl

Furnishings Unfurnished

Fireplace false

Appliance Range, Refrigerator

Laundry Other

Exterior

Exterior Feature Other

Utilities Available Electricity Connected

Waterfront Description Canal - Freshwater

View Y/N Yes

Water Access Yes

Water Access Desc Canal - Freshwater

Roof Type Shingle

Exposure Southeast

Garage false

Private Pool No

Building

Entry Level One

Foundation Slab

Lot Size Range 2 to less than 5

Sewer Septic Tank

Water Public

Structure Type Other

New Construction false

Schools

Elementary Schools Lake Panasoffkee Elementary

Middle Schools South Sumter Middle

High Schools South Sumter High

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/G5115539

Listed by Kody Ondriezek FLAMINGO REAL ESTATE & MNGMT

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Mike Spicer

Broker | License ID: BK3377446

+1(407) 705-2232

2886 N C 470 Lake Panasoffkee, FL 33538

Mike Spicer

Key Details

Location

Interior

Exterior

Building

Schools

Others

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2886 N C 470