2886 N C 470, Lake Panasoffkee, FL 33538

$425,000
  • 2886 N C 470, Lake Panasoffkee, FL 33538 Main Photo

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New to the Market Active
BEDS2 BATHS1 full SQUARE FEET1,086 MLS#G5115539
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONPANASOFFKEE FOREST

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.

2886 N C 470 | MLS# G5115539

This single family home located at 2886 N C 470, Lake Panasoffkee, FL 33538 is currently listed for sale with an asking price of $425,000. This property was built in 1978 and has 2 bedrooms and 1 full baths with 1086 sq. ft. N C 470 is located in the PANASOFFKEE FOREST subdivision. Search PANASOFFKEE FOREST real estate on www.floridaexecutiverealty.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air
Heating: Central
Lot Size: 2.16 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $3,631
Year Built: 1978

Amenities

Ceiling Fans(s)
Other

Feature Descriptions

Appliances: Range, Refrigerator
Directions: From the intersection of CR 470 and SR 44, head south on CR 470 to Lake Panasoffkee. As soon as you cross the outlet bridge the property is located on the right. Look for sign!
Flood Zone Code: AE
Flooring: Luxury Vinyl
Foundation: Slab
Frontage Canal Fresh: 100
Home Warranty Y/N: No
Lot Dimensions: 2.16
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Septic Tank
Showing Instructions: Call Listing Agent
Special Sale Provisions: None
Special View Info: Water
Utilities: Electricity Connected
Water: Public
Water Access: Canal - Freshwater
Water Access Y/N: Yes
Waterfront Features: Canal - Freshwater
Water View: Canal
Zoning: RPUD

Room Sizes

Kitchen: 10x10
Primary Bedroom: 11x11
Primary Bathroom: 5x7
Living Room: 10x10

Local Schools

High School: South Sumter High
Middle School: South Sumter Middle
Elementary School: Lake Panasoffkee Elementary

Listed By / Shown By

Listed By

Agency Name: FLAMINGO REAL ESTATE & MNGMT
Agency Contact: 352-689-1000

Shown By

Agency Title: Florida Executive Realty
Agency Phone: 813-908-8500

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Estimated Payment

$ 1,372.41 per month $945.87 Principal & Interest $302.58 Property Tax $123.96 Homeowner's Insurance

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