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2886 N C 470

Lake Panasoffkee, FL 33538
  • $425,000
  • STATUS: Active
  • ON SITE: 43 Days
  • MLS #: G5115539
$425,000
  • 2
    BEDS
  • 2.16
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,086
    SQFT
  • $391
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1978
County:

School Information

Elementary School:
Middle School:
High School:

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.

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© 2026 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2026-09-09T07:45:19.477.
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2886 N C 470 Lake Panasoffkee, FL 33538

  • Price: $425,000
  • Status: Active
  • On Site: 43 Days
  • MLS #: G5115539
2
Beds
1
Baths
0
½ Baths
2.16
Acres
1,086
SQFT
$391
$/SQFT
1978
Built
Neighborhood:
Panasoffkee Forest
County:
Sumter
Area:
Lake Panasoffkee
Elementary School:
Lake Panasoffkee Elementary
Middle School:
South Sumter Middle
High School:
South Sumter High
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.
Exterior Features

Carport Spaces 1 Carport Yn Yes Construction Materials Other Covered Spaces 1 Direction Faces Southeast Exterior Features Other Foundation Details Slab Pool Private Yn No Road Surface Type Asphalt Roof Shingle Water Access Canal - Freshwater Water Access Yn Yes Water Extras Yn No Water View Canal Water View Yn Yes Waterfront Features Canal - Freshwater Waterfront Yn Yes

Interior Features

Appliances RangeRefrigerator Building Area Total 1264 Cooling Central Air Cooling YN Yes Fireplace Yn No Flooring Luxury Vinyl Furnished Unfurnished Heating Central Heating YN Yes Interior Features Ceiling Fan(s) Laundry Features Other Levels One Rooms Primary Bedroom (Built-in Closet) Living Room Kitchen Primary Bathroom Sewer Septic Tank Water Source Public

Property Features

Additional Parcels YN Yes Association Approval Required Yn No Association Yn No Cdd Yn No Condo Land Included Yn No Down Payment Resource Yes Flood Zone Code AE Garage Yn No Homestead Yn Yes Lease Considered YN Yes Lease Restrictions YN No Minimum Lease No Minimum Month To Month Or Weekly Yn No New Construction Yn No Occupant Type Tenant Ownership Fee Simple Property Sub Type Single Family Residence Senior Community Yn No Special Listing Conditions None Tax Annual Amount 3631.44 Total Annual Fees 0 Total Monthly Fees 0 Utilities Electricity Connected Zoning RPUD


Listing information © 2026 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of FLAMINGO REAL ESTATE & MNGMT: 352-689-1000.



© 2026 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2026-09-09T07:45:19.477.
 
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