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For sale
    • $425,000

    2886 N C 470, LAKE PANASOFFKEE, FL 33538

    2beds
    1,086sqft
    : 
    $2,657/mo
    Get pre-qualified
    Single Family Residence
    Built in 1978
    2.16 Acres Lot
    $406,500 Zestimate®
    $391/sqft
    $-- HOA

    What's special

    Fishing spotsPublic boat rampPicnic areasGrill stationsPet areaNew flooring throughoutBeach volleyball court
    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.
    19 days
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    241
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    10
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    Zillow last checked:

    Listing updated:

    Listed by:

    Kody Ondriezek 352-461-4667,

    FLAMINGO REAL ESTATE & MNGMT 352-689-1000

    Source: Stellar MLS,MLS#: G5115539MLS LogoOriginating MLS: Lake and Sumter

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Primary bedroom
      • Features: Built-in Closet
      • Level: First
      • Area: 121 Square Feet
      • Dimensions: 11x11
      Primary bathroom
      • Level: First
      • Area: 35 Square Feet
      • Dimensions: 5x7
      Kitchen
      • Level: First
      • Area: 100 Square Feet
      • Dimensions: 10x10
      Living room
      • Level: First
      • Area: 100 Square Feet
      • Dimensions: 10x10
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Range, Refrigerator
      • Laundry: Other
      Features
      • Ceiling Fan(s)
      • Flooring: Luxury Vinyl
      • Has fireplace: No
      Interior area
      • Total structure area: 1,264
      • Total interior livable area: 1,086 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 1
      • Parking features: Carport
      • Carport spaces: 1
      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Other
      • Has view: Yes
      • View description: Canal
      • Has water view: Yes
      • Water view: Canal
      • Waterfront features: Canal - Freshwater, Freshwater Canal Access
      Lot
      • Size: 2.16 Acres
      Details
      • Additional parcels included: F31E029
      • Parcel number: F31023
      • Zoning: RPUD
      • Special conditions: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Other
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1978

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: Electricity Connected

      Community & HOA

      Community
      • Pet fee: $0 monthly
      • Subdivision: PANASOFFKEE FOREST
      HOA
      • Has HOA: No
      Location
      • Region: Lake Panasoffkee

      Financial & listing details

      • Price per square foot: $391/sqft
      • Tax assessed value: $156,600
      • Annual tax amount: $3,631
      • Date on market: 7/27/2026
      • Cumulative days on market: 6 days
      • Ownership: Fee Simple
      • Total actual rent: 0
      • Electric utility on property: Yes
      • Road surface type: Asphalt

        Estimated market value

        $406,500

        $386,000 - $427,000

        $1,450/mo

        Price history

        DateEventPrice
        7/27/2026Listed for sale$425,000+10.4%$391/sqft
        Source: Stellar MLS #G5115539 Report a problem
        8/22/2025Sold$385,000-3.7%$355/sqft
        Source: Stellar MLS #G5092914 Report a problem
        5/20/2025Pending sale$399,900$368/sqft
        Source: Stellar MLS #G5092914 Report a problem
        2/13/2025Listed for sale$399,900$368/sqft
        Source: Stellar MLS #G5092914 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,631 +0.8%$92,560 +4.3%
        2024$3,601 +320.4%$88,710 +4.4%
        2023$857 +44.2%$85,010 +7%
        2022$594 -6.7%$79,430 +2.5%
        2021$637 -7.2%$77,500 -2.2%
        2020$686 $79,280 -20.4%
        2019$686 -28.8%$99,650 +1.2%
        2018$964 +9.5%$98,490 +1.3%
        2017$880 -2.1%$97,240 -21.7%
        2016$899 $124,150
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 33538

        Getting around

        0 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Lake Panasoffkee Elementary
        • Middle: South Sumter Middle
        • High: South Sumter High

        Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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