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965 Cr 439

Lake Panasoffkee, FL 33538

– beds
– baths
– sqft
~3 acre lot
2004 build
– on site

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Live your dream and own one of the most breathtaking Marinas in the state of Florida. Retired or still working and looking for an Income. This is a very versatile Property with numerous options for great income and return on your investment. Easy 13+% Net Cap Rate just from the rental cottages, R/V lots, and boat slip rentals without even including the on site restaurant income potential that is up and running. If the owner operates the restaurant and bait shop shemselves the numbers go up 30-40%. Waterfront restaurant features indoor and outdoor seating for up to 75 persons that could be rented out. Open as a catch and cook along with a menu restaurant. Your guest would love to eat what they caught.The restaurant has become extra income and a great asset to the area. There is a very nice 3/2 unit for the owners to live in, or choose a smaller unit and rent the larger one out. There are 28 boat slips, or 56 half slips for the average bass boat. Great income also comes in from the 11 units an upto 13 R/V lots on site. Start your own kayaking, canoeing, jet ski, paddle board or boat rental business or fishing tours. There are numerous ways to double your income possibilities.

Listing courtesy of STELLAR_MLS / All Florida Realty & Auction C

Last checked: Checking… • Last updated Feb 27, 2024 •

MLS# A4173806 —

The Building

Year Built:

2004
New Construction:

false
Construction Materials:

Block
Number Of Buildings:

12
Roof:

Shingle
Patio And Porch Features:

Covered

Room Dimensions

Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

I 75 north to exit 321 west to Sunoco Station turn right go straight to Lake.
Latitude:

28.785241
Longitude:

-82.120348
Coordinates:

-82.120348, 28.785241

The Property

Parcel Number:

J04001
Property Type:

Residential Income
Property Sub Type:

Multi Family
Lot Features:

Cul-De-Sac
Lot Size Acres:

2.62
Lot Size Square Feet:

114232
Lot Size Area:

2.6224
Lot Size Dimensions:

218 x 524
Lot Size Units:

Acres
Zoning:

5005, 5252
View:

Water
Exterior Features:

Outdoor Grill
Water Source:

Public
Total Acreage:

2 to less than 5
Road Surface Type:

Paved
Road Frontage Type:

Street Dead-End
Flood Zone Code:

5005, 5252
Homestead:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2018
Tax Book Number:

185 PG 662
Tax Annual Amount:

3717
Tax Legal Description:

LONG LEGAL

The Listing

Special Listing Conditions:

None
Buyer's Brokerage Compensation:

3%

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

BB/HS Internet Available

The Community

Subdivision Name:

NONE
Senior Community:

false
Community Features:

Boat Slip
Water View:

Lake
Water View:

true
Water Access:

Lake
Water Access:

true
Water Extras:

Fishing Pier
Water Body Name:

Lake Panasoffkee
Waterfront:

true
Waterfront Features:

Lake
Pool Private:

false
Pets Allowed:

Yes
Association:

false
Association Fee Requirement:

None
Ownership:

Fee Simple
Waterfront Feet Total:

114232

Parking

Garage:

false
Carport:

false
Open Parking:

true
Parking Features:

Boat

Extra Units

Number Of Units Total:

11

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Sale history

Date	Event	Source	Price	% Change
6/13/16 Jun 13, 2016		STELLAR_MLS	$665,000

Multifamily Sold on 1/29/2020

$650,000

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Listing Courtesy of: STELLAR_MLS and All Florida Realty & Auction C.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

965 Cr 439

Lake Panasoffkee, FL 33538