IDX

Listed by Kody Ondriezek · Courtesy of FLAMINGO REAL ESTATE & MNGMT · Agent MLS ID# MFR260507294 · Deemed reliable but not guaranteed. · Listing updated: Jul 28, 2026 · 10:48 AM

2886 N C 470

Lake Panasoffkee, Sumter, FL, 33538

Active

$425,000

$391/sqft

2Beds
1Baths
1,086Sq Ft
1978Built
1Days on Market

About this home

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.

Facts & Features

MFRG5115539
$425,000
Active
2
1
1
0
1,086 sqft
2.1600
1978
Residential
Single Family Residence
N/A

Community Information

2886 N C 470
Panasoffkee Forest
Lake Panasoffkee
Sumter
FL
33538
No

Amenities

N/A
N/A
No
Yes
No

Interior

Ceiling Fans(s)
Central
Central Air
Luxury Vinyl
N/A
N/A
Refrigerator, Range

Exterior

Other
Other
Slab
Shingle
N/A
N/A

School Information

Lake Panasoffkee Elementary
South Sumter Middle
South Sumter High

Additional Information

July 27, 2026
1
RPUD
Southeast
No

Mortgage Calculator

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Years
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This calculator provides estimates for informational purposes only and is not a loan offer, pre-approval, or commitment to lend. Actual rates, payments, and loan terms vary by lender and are subject to credit approval, income/asset verification, and market conditions. Property tax and homeowners insurance shown are estimates and may differ. PMI applies when the down payment is under 20%. For an official Loan Estimate, contact a licensed mortgage lender. FLAMINGO REAL ESTATE & MNGMT is a licensed real estate brokerage, not a mortgage lender. Equal Housing Opportunity.

1 day on market

Listing updated: Jul 28, 2026 · 10:48 AM

Listed by: Kody Ondriezek · 352-461-4667—FLAMINGO REAL ESTATE & MNGMT · 352-689-1000

Updated from Real Estate Market Data

Location

Ahmed ElbatrawyAhmed ElbatrawyEmpire Network Realty

Get in Touch

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