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Key Details
Sold Price $385,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,086 sqft
Price per Sqft $354
MLS Listing ID G5092914
Sold Date 08/22/25
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1978
Annual Tax Amount $3,601
Lot Size 3.780 Acres
Acres 3.78
Property Sub-Type Single Family Residence
Source Stellar MLS
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 potential to create up to 13 single-family lots along the canal front and outlet river, this site is perfect for transforming into a picturesque waterfront community.Currently, the property includes one home and one mobile home, both requiring TLC, along with three dilapidated mobile homes that need to be removed. 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.
Location
State FL
County Sumter
Area 33538 - Lake Panasoffkee
Zoning RPUD
Interior
Interior Features Ceiling Fans(s)
Heating Central
Cooling Central Air
Flooring Other
Fireplace false
Appliance Range, Refrigerator
Laundry Other
Exterior
Exterior Feature Other
Utilities Available Electricity Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Crawlspace
Lot Size Range 2 to less than 5
Sewer Septic Tank
Water Public
Structure Type Other
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Mike McGraw
Broker Associate | License ID: BK646494
Broker Associate License ID: BK646494