$8,000 TOWARDS CLOSING COSTS! Located in Lake Panasoffkee, this gorgeous 3/2 offers 2,168 sq ft of living space. Perfect for entertaining and turning this property into a home! Conveniently sitting on a spacious 0.44 acre lot, this is ideal for families and pets. With an 8’ privacy fence you’ll be able to enjoy your backyard oasis that includes a saltwater pool! There is also a two-car garage, carport and an insulated shed with “man cave” potential! This property is freshly remodeled and ready to be enjoyed. Located less than a 1/2 mile away from water access to take your airboat out or fish the canals!
Sold for $257,000
$257,000
404 CR 487, LAKE PANASOFFKEE, FL 33538
3beds
2,168sqft
Single Family Residence
Built in 1983
0.44 Acres Lot
$252,800 Zestimate®
$119/sqft
$2,276 Estimated rent
Home value
$252,800
$235,000 - $270,000
$2,276/mo
Zestimate® history
Owner options
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$2,276/mo
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$2,276/mo
Rent Zestimate®
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$1,640/mo
Est. payment
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$1,640/mo
Est. payment
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List your homeWhat's special
Two-car garageSaltwater poolBackyard oasis
Zillow last checked:
Listing updated:
Listed by:
Lauren Neidenfeuhr 352-434-5643,
BLACKHORSE REAL ESTATE LLC 352-212-2992
Bought with:
Erik Weyant, 3537475
KW REALTY ELITE PARTNERS
Source: Stellar MLS,MLS#: OM694253
Originating MLS: Ocala - Marion
Originating MLS: Ocala - Marion
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Florida Room
Primary bedroom
- Features: En Suite Bathroom, Walk-In Closet(s)
- Level: First
- Area: 224 Square Feet
- Dimensions: 14x16
Kitchen
- Features: No Closet
- Level: First
- Area: 180 Square Feet
- Dimensions: 12x15
Living room
- Features: No Closet
- Level: First
- Area: 216 Square Feet
- Dimensions: 12x18
Heating
- Heat Pump
Cooling
- Central Air
Appliances
- Included: Convection Oven, Cooktop, Dishwasher, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator
- Laundry: Electric Dryer Hookup, Inside, Washer Hookup
Features
- Kitchen/Family Room Combo, Primary Bedroom Main Floor, Solid Wood Cabinets, Thermostat
- Flooring: Carpet, Ceramic Tile
- Has fireplace: No
Interior area
- Total structure area: 2,292
- Total interior livable area: 2,168 sqft
Property
Parking
- Total spaces: 3
- Parking features: Boat, Driveway, Garage Door Opener, RV Access/Parking
- Garage spaces: 2
- Carport spaces: 1
- Covered spaces: 3
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Exterior features: Other, Rain Gutters
- Has private pool: Yes
- Pool features: Above Ground, Salt Water
- Waterfront features: Freshwater Canal Access
Lot
- Size: 0.44 Acres
- Dimensions: 117 x 100
Details
- Additional structures: RV/Boat Storage, Shed(s), Workshop
- Parcel number: J09B068
- Zoning: RESI
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Metal
Condition
- New construction: No
- Year built: 1983
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: BB/HS Internet Available, Cable Available, Electricity Connected, Water Available, Water Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: MAGNOLIA MANOR
HOA
- Has HOA: No
Location
- Region: Lake Panasoffkee
Financial & listing details
- Price per square foot: $119/sqft
- Tax assessed value: $185,430
- Annual tax amount: $1,738
- Date on market: 2/3/2025
- Cumulative days on market: 59 days
- Listing terms: Cash,Conventional,FHA,Other,USDA Loan,VA Loan
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2025 | Sold | $257,000-6.5%$119/sqft |
Source:  Stellar MLS #OM694253 Report a problem | ||
| 4/7/2025 | Pending sale | $275,000$127/sqft |
Source: Stellar MLS #OM694253 Report a problem | ||
| 4/1/2025 | Price change | $275,000-0.7%$127/sqft |
Source: Stellar MLS #OM694253 Report a problem | ||
| 3/3/2025 | Price change | $277,000-3.1%$128/sqft |
Source: Stellar MLS #OM694253 Report a problem | ||
| 2/3/2025 | Listed for sale | $286,000+1044%$132/sqft |
Source: Stellar MLS #OM694253 Report a problem | ||
| 9/23/2011 | Sold | $25,000-46.7%$12/sqft |
Source: Public Record Report a problem | ||
| 6/21/2011 | Listing removed | $46,900$22/sqft |
Source: Morris Realty & Investments, Inc. #G4649732 Report a problem | ||
| 4/30/2011 | Price change | $46,900-4.3%$22/sqft |
Source: Morris Realty & Investments, Inc. #G4649732 Report a problem | ||
| 3/26/2011 | Listed for sale | $49,000-13.9%$23/sqft |
Source: Morris Realty & Investments, Inc. #G4649732 Report a problem | ||
| 11/20/2010 | Listing removed | $56,900$26/sqft |
Source: Morris Realty & Investments, Inc. #G4649732 Report a problem | ||
| 9/26/2010 | Price change | $56,900-5%$26/sqft |
Source: Morris Realty & Investments, Inc. #G4649732 Report a problem | ||
| 8/21/2010 | Listed for sale | $59,900-4.2%$28/sqft |
Source: Morris Realty & Investments, Inc. #G4649732 Report a problem | ||
| 6/4/2010 | Listing removed | $62,500$29/sqft |
Source: Morris Realty & Investments, Inc. #G4649732 Report a problem | ||
| 5/22/2010 | Price change | $62,500-18.8%$29/sqft |
Source: Morris Realty & Investments, Inc. #G4649732 Report a problem | ||
| 5/1/2010 | Listed for sale | $77,000$36/sqft |
Source: Morris Realty & Investments, Inc. #G4649732 Report a problem | ||
| 3/24/2010 | Listing removed | $77,000$36/sqft |
Source: Morris Realty & Investments, Inc. #G4649732 Report a problem | ||
| 1/31/2010 | Price change | $77,000-13.5%$36/sqft |
Source: Morris Realty & Investments, Inc. #G4649732 Report a problem | ||
| 11/25/2009 | Price change | $89,000-10.1%$41/sqft |
Source: Morris Realty & Investments, Inc. #G4649732 Report a problem | ||
| 9/6/2009 | Price change | $99,000-9.2%$46/sqft |
Source: Morris Realty & Investments #G4649732 Report a problem | ||
| 8/29/2009 | Price change | $109,000-15.5%$50/sqft |
Source: Morris Realty & Investments #G4649732 Report a problem | ||
| 7/9/2009 | Listed for sale | $129,000+67.5%$60/sqft |
Source: Morris Realty & Investments, Inc. #G4649732 Report a problem | ||
| 6/1/2000 | Sold | $77,000$36/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,808 +4% | $91,330 +10% |
| 2024 | $1,739 +27.8% | $83,030 +10% |
| 2023 | $1,361 +8.3% | $75,490 +9.2% |
| 2022 | $1,256 -6.7% | $69,130 +10% |
| 2021 | $1,346 +1.7% | $62,850 +10% |
| 2020 | $1,324 | $57,140 +8% |
| 2019 | $1,324 +71.2% | $52,890 +9.9% |
| 2018 | $773 +18.1% | $48,130 +12.1% |
| 2017 | $655 +5.8% | $42,940 +0.8% |
| 2016 | $619 | $42,610 +9.3% |
| 2015 | -- | $38,970 |
| 2014 | -- | $38,970 -3.6% |
| 2013 | -- | $40,410 +0% |
| 2012 | -- | $40,390 -68.9% |
| 2011 | -- | $129,903 |
| 2010 | -- | $129,903 +57.3% |
| 2009 | -- | $82,566 +0.1% |
| 2008 | -- | $82,484 +3% |
| 2007 | -- | $80,082 +2.5% |
| 2006 | -- | $78,129 +3% |
| 2005 | -- | $75,854 +3% |
| 2004 | -- | $73,645 +1.9% |
| 2003 | -- | $72,272 -1% |
| 2002 | -- | $73,010 +1.6% |
| 2001 | -- | $71,860 +5.7% |
| 2000 | -- | $67,989 +11.4% |
| 1999 | -- | $61,050 |
Find assessor info on the county website
Neighborhood: 33538
Nearby homes
- $191,700-- bd-- ba1.2k sqft403 County Road 487a, Lake Panasoffkee, FL 33538Off Market
- $208,0003 bd2 ba1.1k sqft392 County Road 487, Lake Panasoffkee, FL 33538Off Market
- $97,3403 bd2 ba1.4k sqft444 County Road 487, Lake Panasoffkee, FL 33538Sold
- $225,100-- bd-- ba1.2k sqft401 County Road 487, Lake Panasoffkee, FL 33538Off Market
- $235,2003 bd2 ba1.5k sqft415 County Road 487a, Lake Panasoffkee, FL 33538Off Market
- $162,800-- bd-- ba1k sqft537 County Road 487, Lake Panasoffkee, FL 33538Off Market
- $151,100-- bd-- ba1k sqft381 County Road 487, Lake Panasoffkee, FL 33538Off Market
- $235,8003 bd2 ba1.2k sqft437 County Road 487a, Lake Panasoffkee, FL 33538Off Market
Nearby schools
GreatSchools rating
- 8/10Lake Panasoffkee Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 4/10South Sumter High SchoolGrades: 7,9-12Distance: 6.2 mi
- 7/10South Sumter Middle SchoolGrades: 6-8Distance: 10.3 mi
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Estimated market value
$252,800
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Estimated market value
$252,800
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