Sarasota's Premier Homes

2886 N C 470

LAKE PANASOFFKEE, FL 33538

MLS#: G5115539

$425,000

Status: Active
Listing number: G5115539
Listing provided by: FLAMINGO REAL ESTATE & MNGMT
Listing agent phone: None
Last update: 2 months ago
On site: 2 months ago
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PANASOFFKEE FOREST - Residential

Property

Beds

2

Full Baths

1

1/2 Baths

None

Year Built

1978

Sq.Footage

1,086

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.

Features & Amenities

Interior

  • Total Bedrooms

    2

  • Bathrooms

    1

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Other

  • Other Exterior Features

    Other

  • Pool

    No

  • Waterfront YN

    YES

  • View

    Canal, Water

Area & Lot

  • Lot Features

    Waterfront

  • Lot Size(acres)

    2.16

  • Lot Size(square feet)

    94,090

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

Price

  • Sales Price

    $425,000

  • Tax Amount

    $3,631.44

  • Sq. Footage

    1,086

  • Price/SqFt

    $391

HOA

  • Association

    No

School District

  • Elementary School

    Lake Panasoffkee Elementary

  • Middle School

    South Sumter Middle

  • High School

    South Sumter High

Property Features

  • New Construction

    NO

  • Foundation Details

    Slab

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Septic Tank

  • Tax Lot

    29

  • Water Source

    Public

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Location

County

Sumter

Elementary School

Lake Panasoffkee Elementary

Middle School

South Sumter Middle

High School

South Sumter High

Listing Courtesy of Kody Ondriezek, FLAMINGO REAL ESTATE & MNGMT

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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.

2886 N C 470

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