2886 N C 470, Lake Panasoffkee, FL 33538
- $425,000
- 2
- BD
- 1
- BA
- 1,086
- SqFt
- List Price
- $425,000
- MLS#
- G5115539
- Bedrooms
- 2
- Bathrooms
- 1
- Sq. Ft
- 1,086
- Lot Size
- 94,090
- Subtype
- Single Family
- County
- Sumter
- Community
- No Deed Restriction
- Subdivision
- Panasoffkee Forest
- Region
- Lake Panasoffkee
- Year Built
- 1978
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.
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Additional Information
- Heating
- Central
- Cooling
- Central Air
- Roof
- Shingle
- Sewer
- Septic Tank
- Water View
- Yes
- Water Access
- Yes
- Exterior Features
- Other
- Construction
- Other
- Living Area
- 1,086
- Elementary School
- Lake Panasoffkee Elementary
- Middle School
- South Sumter Middle
- High School
- South Sumter High
Listing courtesy of FLAMINGO REAL ESTATE & MNGMT. Contact: 352-689-1000