Property Description

Under contract-accepting backup offers. 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 potential to create up to 13 single-family lots along the canal front and outlet river, this site is perfect for transforming into a picturesque waterfront community.Currently, the property includes one home and one mobile home, both requiring TLC, along with three dilapidated mobile homes that need to be removed. 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.

Features
: Central
: Central Air
: Other
: Other
: Ceiling Fans(s)
: Other
: Septic Tank
: Electricity Connected
Appliances
: Refrigerator, Range
Address Map
US
FL
Sumter
Lake Panasoffkee
N/A
33538
C 470
2886
W83° 50' 56.6''
N28° 47' 59.8''
East
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!
33538 - Lake Panasoffkee
N
RPUD
Additional Information
: Public
https://www.propertypanorama.com/instaview/stellar/G5092914
2025-02-13
: One
: Crawlspace
: Other
1488
Financial
3601
Listing Information
271512691
260503561
Cash,Conventional
Pending
2025-05-19T21:24:09Z
Stellar
: None
2025-05-19T21:23:14Z

Residential For Sale

2886 N C 470, Lake Panasoffkee, Florida 33538

2 Bedrooms
1 Bathrooms
1,086
$399,900
Listing ID #G5092914
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : G5092914
Price : $399,900
Bedrooms : 2
Bathrooms : 1
Square Footage : 1,086
Year Built : 1978
Lot Area : 3.78 Acre
Office Name : FLAMINGO REAL ESTATE & MNGMT
Agent Name : Robbie Shoemaker
Full Bathrooms : 1
Property Sub Type : Single Family Residence
Roof : Shingle
Listing Status : Pending
Agent info
Contact Agent