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Stephen McGonagle
Full Service Real Estate
Broker Associate
(716) 471-4272
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$425,000

2886 N C 470 Lake Panasoffkee, FL 33538 Residential - Single Family Active

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

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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.

Property Highlights

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

General Information

Bedrooms: 2
Bathrooms: 1 Full
Sqft: 1,086
County: Sumter
High School: South Sumter High
Subdivision: PANASOFFKEE FOREST
Listed By:
Kody Ondriezek FLAMINGO REAL ESTATE & MNGMT 352-689-1000

Amenities

Ceiling Fans(s)
Other

Room Information

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

Property Features

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
$425,000
2beds
1.0baths
1,086sqft
New to the Market Active
BEDS2 BATHS1 full SQUARE FEET1,086 MLS#G5115539
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONPANASOFFKEE FOREST

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2886 N C 470, Lake Panasoffkee, FL 33538.

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Estimated Payment

$ 1,860.00 per month $1,433.45 Principal & Interest $302.58 Property Tax $123.96 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers 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 on this site was last updated 07/27/2026. The listing information on this page last changed on 07/27/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 07/27/2026 8:09:55 PM EST) or Stellar MLS (last updated Mon 07/27/2026 8:00:47 PM EST). Real estate listings held by brokerage firms other than Wagner Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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