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 six mobile home, 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 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
Agent Name: Jessica Leacock
Agent Phone: (813) 618-8132
Agency Title: Florida Executive Realty
Estimate Your Payment
Estimated Payment
$ 1,372.41 per month $945.87 Principal & Interest $302.58 Property Tax $123.96 Homeowner's InsuranceChange Payment Information
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
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 jleacock.floridaexecutiverealty.com today.