2886 N C 470
Lake Panasoffkee, FL 33538
- 2 beds
- 1 bath
- 1,086 sqft
- ~2 acre lot
- $368 per sqft
- 1978 build
- – on site
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.
Last checked:
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Last updated Mar 10, 2025
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MLS# G5092914 —
The Building
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Year Built:1978
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New Construction:false
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Construction Materials:Other
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Levels:One
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Roof:Shingle
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Foundation Details:Crawlspace
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Building Area Total:1488
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Building Area Units:Square Feet
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Building Area Source:Public Records
Interior
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Interior Features:Ceiling Fan(s)
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Flooring:Other
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Fireplace:false
Room Dimensions
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Living Area:1086
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Living Area Units:Square Feet
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Living Area Source:Public Records
Location
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Directions:From the intersection of CR 470 and SR 44, head south on CR 470 to Lake Panasoffkee. As soon as you cross the outlet bridge the property is located on the right. Look for sign!
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Latitude:28.799951
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Longitude:-82.150943
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Coordinates:-82.150943, 28.799951
The Property
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Parcel Number:F31023
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Property Type:Residential
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Property Subtype:Single Family Residence
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Lot Size Acres:3.78
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Lot Size Area:2.16
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Lot Size SqFt:94090
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Lot Size Units:Acres
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Total Acres:2 to less than 5
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Zoning:RPUD
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Direction Faces:East
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View:false
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Exterior Features:Other
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Water Source:Public
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Road Surface Type:Paved
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Flood Zone Code:AE
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Flood Zone Panel:12119C0117D
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Additional Parcels:true
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Additional Parcels Description:F31E029
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Homestead:true
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Lease Restrictions:false
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (352) 303-6798
- Office phone:
- (352) 689-1000
Taxes
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Tax Year:2024
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Tax Block:00/00
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Tax Legal Description:BEG 1285.69 FT S 89 DEG 55 MIN 42 SEC W OF 1/4 SEC COR BETWEEN SEC 30 & 31 POINT BEIN G ON THE S R/W ST RD 470 SAID POINT ALSO BEING ON A CURVE CO NCAVE TO THE NE HAVING A RADIUS OF 956.87 FT THENCE WIT H A CHORD BEARING N 63 DEG 46 MIN 55SEC W 241.2 9 FT TO THE P.C. OF SAID CURVE S 31 DEG 17 MIN 41 SEC W 125.16 FT TO SEC LINE 277.50 FT FROM POB S 38 DEG 38MIN 45 SEC W 17.78 FT T O C/L OF A CANAL AT N/LY END THENCE ALONG C/L S 38 DEG 38 M IN 45 SEC W 155.61 FT S 59 DEG 54 MIN W 126.52 FT N 85 DE G 47 MIN W 117.47 FT N 55 DEG 40 MIN W 235.48 FT TO THE E/LY BA NK OF PANASOFFKEE RIVER S 48 DEG 28MIN 22 SEC W 105.89 FT ALONG THE MEANDERS OF RIVER TO R/W OF OLD ROAD ALONG R/W S 55 DEG 40 MIN E 230.41 FT S 72 DEG 42SEC E 120.84 FT N 85 DE G
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Tax Book Number:00/00
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Tax Annual Amount:$3,601
Beds
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Bedrooms Total:2
Baths
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Total Baths:1
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Total Baths:1
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Full Baths:1
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/stellar/G5092914
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Special Listing Conditions:None
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:Electricity Connected
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Sewer:Septic Tank
Appliances
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Appliances:Range
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Laundry Features:Other
The Community
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Subdivision Name:N/A
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Senior Community:false
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Waterview:false
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Water Access:false
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Waterfront:false
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Pool Private:false
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Association:false
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Ownership:Fee Simple
Parking
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Garage:false
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Carport:false
Monthly cost estimate

Asking price
$399,900
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,141
|
Taxes | $300 |
Insurance | $109 |
Utilities | $136 See report |
Total | $2,686/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
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2/13/25
Feb 13, 2025
|
Listed / Active | STELLAR_MLS | $399,900 |