2886 N C 470, Lake Panasoffkee, FL 33538
- $425,000
- 2
- BD
- 1
- BA
- 1,086
- SqFt
- 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.
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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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