2992 N C 470 Lake Panasoffkee, FL $ 995,000
2992 N C 470
$ 995,000
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2992 N C 470

Lake Panasoffkee, FL, 33538
$ 995,000
Baths0.0

Monthly Estimate*

$ 6,126

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Studio

Lots and Land for sale in Lake Panasoffkee, FL

for $995,000. The lot size is 48.6.

Discover this stunning outlet river-front property in Lake Panasoffkee! This unique 48.6-acre property is mostly wooded with a few open areas, featuring two ponds and several low-lying spots. It includes a house and a mobile home—the latter currently rented—though the true value lies in the expansive land. Free-roaming horses add to the rural charm and scenic appeal. The largest parcel boasts split zoning of A10C and RR5, with the remaining three parcels zoned R4M, offering possibilities. With approximately 1,655 feet of frontage along the outlet and 1,125 feet on C-470, this property is ideal for fishing, boating, or simply enjoying waterfront living. By water, it’s about 0.5 miles to Lake Panasoffkee and 1.4 miles to the Withlacoochee River. Whether you’re seeking a private retreat, a development opportunity, or a recreational haven, this property delivers. Easy access to restaurants, shopping, and major highways enhances the convenience of this one-of-a-kind location. 5-minute drive to I-75 and conveniently close to SR 44 to the north. The popular community of The Villages is a short 20-minute drive to the east, while Inverness lies to the west. Orlando and Tampa are each just about an hour away, making this location perfect for both recreation and accessibility.

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Lots and Land Active

Price

$ 995,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 2,767

Style

Lot Size

48.6

Town/City

Lake Panasoffkee

County/Region

Sumter

MLS | Web ID

G5110150

Features
General
Sewer None
Utilities Other
Zoning A10C R4M
View Water
Tax Year 2025
Current Use Agricultural
Ownership Fee Simple
Waterfront Features Canal - Freshwater
Additional Parcels Description F30F010 F30F012 F30F018
County Sumter
Property Type Land
Subdivision Name SQUIRREL HAVEN
Status Active
Directions Coming from Wildwood go West onto FL SR 44. Turn left onto N - CR 470. Go about 5 miles and property will be on your left. On CR 470 & CR 417.
City LAKE PANASOFFKEE
MLS Area 33538 - Lake Panasoffkee
Lot Size Units Acres
Lot Size Square Feet 2064744
Tax Annual Amount 2767.8
Additional Parcels Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/G5110150
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 5
Legal Description ALL GOV'T LOT 5 W OF SQUIRREL HAVEN SUBDLESS HWY R/W & LESS THAT PART OF GOV'T LOT 5 LYING S & W/LY OF SR 470 R/W & LESSTHAT PORTION LYING W OF THE FOLLOWING DESC LINE BEG 43.75 FT N & 599.62 FT W OF S1/4 COR OF SEC RUN N 19 DEG 35 MIN 21SEC W 699.12 FT N 18 DEG 05 MIN 31 SEC W 324.02 FT TO WATERS OF LAKE & END OF LINE
Water View Canal
Water Access Type Canal - Freshwater
Water Access Y/N true
Water View Y/N true
Flood Zone Code AE*
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Interior
Total Baths 0
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Exterior
Water Source Well
Lot Size Area 47.4
Lot Dimensions 1016 x 2032
Lot Size Acres 48.6
Road Surface Type Dirt Unimproved
Waterfront Y/N true
Number of Lots 4
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* Excluded Features
List By
Smith & Smith Realty, Inc.

Broker

dannysmith@ccim.net

Email

Affordability Calculator

$6,357
Per Month
96%
4%
0%
Monthly Principal & Interest
$6,126
Monthly Property Taxes
$231
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/7/2026$995,000 Listed Price

Map


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2992 N C 470, Lake Panasoffkee, FL, 33538 is a Lots and Land for sale at $995,000 with a lot size of 48.6. 2992 N C 470 is a studio with 0.0 baths. The property's zip code is 33538 which is in Lake Panasoffkee, FL