2886 N C 470, Lake Panasoffkee, FL 33538

$425,000
2
BD
1
BA
1,086
SqFt

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List Price
$425,000
Status
Active
Days on Market
0
MLS#
G5115539
Property Style
Single Family
Year Built
1978
Bedrooms
2
Bathrooms
1
Living Area
1,086
Lot Size
94,090
Acres
2.16
Total Acreage
2 to less than 5
Legal Subdivision Name
Panasoffkee Forest
MLS Area Major
Lake Panasoffkee

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.

Additional Information

Taxes
$3631
Minimum Lease
No Minimum
Community Features
No Deed Restriction
Property Description
One Story
Zoning
RPUD
Interior Layout
Ceiling Fans(s)
Interior Features
Ceiling Fans(s)
Floor
Luxury Vinyl
Appliances
Range, Refrigerator
Utilities
Electricity Connected
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Other
Exterior Features
Other
Roof
Shingle
Foundation
Slab
Pool
No Pool
Garage Carport
1 Car Carport
Elementary School
Lake Panasoffkee Elementary
Middle School
South Sumter Middle
High School
South Sumter High
Water View
Canal
Water Access
Canal - Freshwater
Water Frontage
Canal - Freshwater
Flood Zone Code
AE
Parcel ID
F31-023
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 28MIN 22 SEC W 105.89 FT ALONG THE MEANDERS OF RIVER TO R/W OF OLD ROAD ALONG R/W S 55 DEG 40 MIN E 230.41 FT S 72 DEG 42SEC E 120.84 FT N 85 DE G

Listing courtesy of FLAMINGO REAL ESTATE & MNGMT. 352-689-1000

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