2886 N C 470, LAKE PANASOFFKEE, FL

$425,000

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2

Beds

1

Bath

1,086

Square feet

2.16

Acres

About 2886 N C 470

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 of 2886 N C 470

MLS® # G5115539
Price $425,000
Bedrooms 2
Bathrooms 1.00
Full Baths 1
Square Footage 1,086
Acres 2.16
Year Built 1978
Type Residential
Sub-Type Single Family Residence
Status Active

Community Information

Address 2886 N C 470
Area Lake Panasoffkee
Subdivision PANASOFFKEE FOREST
City LAKE PANASOFFKEE
County Sumter
State FL
Zip Code 33538-4652

Amenities

Is Waterfront Yes
Waterfront Canal - Freshwater
Has Pool No

Interior

Interior Features Ceiling Fan(s)
Appliances Range, Refrigerator
Heating Central
Cooling Central Air
Fireplace No

Exterior

Exterior Features Other
Roof Shingle
Foundation Slab

School Information

Elementary Lake Panasoffkee Elementary
Middle South Sumter Middle
High South Sumter High

Additional Information

Date Listed July 27th, 2026
Days on Market 41
Zoning RPUD
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeFLAMINGO REAL ESTATE & MNGMT

Listing Map

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