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2886 N C 470

House For Sale
$425,000

BTC: 6.63803202

ETH: 223.37383846

5 days
Waterfront
2 bds
1 ba
1,086 sqft

Overview

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.

Location

Florida • LAKE PANASOFFKEE • 33538 • House • For Sale • Waterfront

Details

Type:
Residential
Parking:
No Data
Year Built:
1978
Lot:
2.16 Acres
Heating:
Central
Price/sqft:
$391
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$3,631
2025
Waterfront
Canal - Freshwater
All facts and features

  • Flooring

    • Luxury Vinyl

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Range

    • Refrigerator

    Other interior features

    • Ceiling Fan(s)

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 1

  • Property

    • Levels: One

    • Exterior Features: Other

    Lot

    • Lot: 2.16 Acres

    Other Property Information

    • Parcel Number: F31023

    • Zoning: RPUD

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Electricity Connected

  • Other financial information

    • Annual tax amount: $3,631

  • Source details

    • MLS ID: G5115539

    Other facts

    • Construction Materials: Other

    • Foundation Details: Slab

    • Laundry Features: Other

    • Direction Faces: Southeast

    • Waterfront: Yes

    • Living Area: 1086

    • Water Source: Public

    • Subdivision Name: PANASOFFKEE FOREST

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33538
65
median $172K
Active
Same city
LAKE PANASOFFKEE
64
median $171K
Active
Same type
House
31
median $222K
Active
Similar price
$297K – $552K
7
median $379K
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: FLAMINGO REAL ESTATE & MNGMT