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$425,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 1,086 Sq. Ft.
  • Updated 1 day ago
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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.

Full Property Details for 2886 N C 470

General

  • Price: $425,000
  • Taxes: $3,631 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: G5115539
  • Updated: 7/27/2026
  • Added to Site: 2 day(s) ago

Rental Information

  • Min. Lease: No Minimum

Interior

  • Number of Rooms: 4
  • Interior Features: Ceiling Fan(s)
  • Appliances: Range, Refrigerator
  • Furnishings: Unfurnished
  • Flooring: Luxury Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: Other

Exterior

  • Exterior Features: Other

Parking

  • Carports: Yes
  • Carport: 1
  • Carport Spaces: 1
  • Covered Spaces: 1

Location

  • Area: 33538 - Lake Panasoffkee
  • County: Sumter
  • Development Name: 33538 - Lake Panasoffkee
  • Subdivision: PANASOFFKEE FOREST
  • Driving 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!
  • Direction Faces: Southeast

School Information

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

Community

  • Community Name: 33538 - Lake Panasoffkee

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Septic Tank
  • Water: Public
  • Utility Description: Electricity Connected

Structural Information

  • Exterior Const.: Other
  • Roof: Shingle
  • Stories/Levels: One
  • Square Feet: 1,086
  • Sq. Ft. Source: Public Records
  • Year Built: 1978

Lot Features

  • Lot Size (Acres): 2.16
  • Lot Size (Sq. Ft.): 94,090
  • Lot Size: 2.16
  • Street/Road Desc.: Asphalt

Water Features

  • Water Front: Yes
  • Water Access: Yes
  • Water Access Desc: Canal - Freshwater
  • Water Front Desc.: Freshwater Canal

Financial Considerations

  • Tax Amount: $3,631.44
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: BEG 1285.69 FT S 89 DEG 55 MIN 42 SEC W OF 1/4 SEC COR BETWEEN SEC 30 & 31 POINT BEIN G ON THE S R/W ST RD 470 SAID POINT ALSO BEING ON A CURVE CO NCAVE TO THE NE HAVING A RADIUS OF 956.87 FT THENCE WIT H A CHORD BEARING N 63 DEG 46 MIN 55SEC W 241.2 9 FT TO THE P.C. OF SAID CURVE S 31 DEG 17 MIN 41 SEC W 125.16 FT TO SEC LINE 277.50 FT FROM POB S 38 DEG 38MIN 45 SEC W 17.78 FT T O C/L OF A CANAL AT N/LY END THENCE ALONG C/L S 38 DEG 38 M IN 45 SEC W 155.61 FT S 59 DEG 54 MIN W 126.52 FT N 85 DE G 47 MIN W 117.47 FT N 55 DEG 40 MIN W 235.48 FT TO THE E/LY BA NK OF PANASOFFKEE RIVER S 48 DEG 28
  • Flood Zone Info: AE
  • APN: F31023
  • Property ID: F31023
  • Block/Lot/Section: B

Listed by Flamingo Real Estate & Mngmt

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Listing agent

— 2886 N C 470 —

  • Flamingo Real Estate & Mngmt

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Price & Sales History for 2886 N C 470 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/27/2026
Listed
$425,000
11.84%
MLS
8/22/2025
Sold
$380,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2886 N C 470

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,601
—
$130,900
2%
2024
$3,601
320%
$128,860
2%
2023
$857
35%
$126,810
64%
2021
$637
7%
$77,500
-2%
2022
$594
-7%
$79,430
—
2021
$637
—
$79,280
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Flamingo Real Estate & Mngmt

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2886 N C 470, Lake Panasoffkee, FL 33538 (MLS# G5115539) is a Single Family property with 2 bedrooms and 1 full bathroom. 2886 N C 470 is currently listed for $425,000 and was received on July 27, 2026. Want to learn more about 2886 N C 470? Do you have questions about finding other Single Family real estate for sale in Lake Panasoffkee? You can browse all Lake Panasoffkee real estate or contact a Coldwell Banker agent to request more information.

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