$425,000
 $2,281 est/mo Sourced by Back At You

2886 N C 470,LAKE PANASOFFKEE, FL 33538

LAKE PANASOFFKEE, FL 33538

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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.

Details

MLS #G5115539
Listing TypeFor Sale
StyleHouse
Sub-TypeFor-sale
StatusActive
Year1978
Days On Site78
Listing Provided ByFLAMINGO REAL ESTATE & MNGMT | Kody Ondriezek

Features

Bed(s)2
Bath(s) 1 Total
SQ Feet1,086
Car PortYes
Story(s)1
ZoningRPUD
Acreage2.16
Water FrontYes

Taxes

Property3631

Area Information

StateFL
CountySumter
CityLAKE PANASOFFKEE
Zip Code33538
Area33538 Lake Panasoffkee
Community NamePANASOFFKEE FOREST
School DistrictSouth Sumter High
Elementary SchoolLake Panasoffkee Elementary
High SchoolSouth Sumter High
Listing VS Median (in PANASOFFKEE FOREST)
Price:
$425,000
low | high
Med:
$425,000
50% of Average
sqft:
1,086
low | high
Med:
1,086
50% of Average
$ / sqft:
$391
low | high
Med:
$391
50% of Average
On site:
78
low | high
Med:
78
100% of Average
Sourced by Back At You

Market Activity 33538

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 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of October 13, 2026 at 12:43:12 AM PDT 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. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StateFL
CountySumter
CityLAKE PANASOFFKEE
Zip Code33538
Area33538 Lake Panasoffkee
Community NamePANASOFFKEE FOREST
School DistrictSouth Sumter High
Elementary SchoolLake Panasoffkee Elementary
High SchoolSouth Sumter High
Listing VS Median (in PANASOFFKEE FOREST)
Price:
$425,000
low | high
Med:
$425,000
50% of Average
sqft:
1,086
low | high
Med:
1,086
50% of Average
$ / sqft:
$391
low | high
Med:
$391
50% of Average
On site:
78
low | high
Med:
78
100% of Average
Sourced by Back At You
Listing Updated: July 28, 2026 at 9:10:49 AM PDT
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