2992 N C 470, LAKE PANASOFFKEE, FL 33538
SQUIRREL HAVEN · Sumter County
Key Facts
Description
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.
Property Information
Property Type
Land
Lot Size
48.60 acres
Lot Dimensions
1016x2032
Ownership
Fee Simple
Zoning
A10C, R4M
Days on Market
30
MLS® Listing#
G5110150
Property Features
Lot Features
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$2,768
Tax year 2025
Parcel Number
F30-011
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.
Affordability Calculator
$199,000
Estimated monthly payment
$5,296/mo
Principal $796,000 · Est. interest $1,110,491 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in LAKE PANASOFFKEE, FL
- $339,664
- Median Listing Price
- 80
- Median Days on Market
- 1,616
- Median Sq Ft
- $202
- Median Price / Sq Ft
- 2,484
- Active Listings
- This home’s price is 193% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in LAKE PANASOFFKEE, FL.
Location
- 2992 N C 470, LAKE PANASOFFKEE, FL 33538
Points of Interest in LAKE PANASOFFKEE, FL
Showing the LAKE PANASOFFKEE area map.
Nearby Schools
Lake Panasoffkee Elementary School
Elementary · 2.5 mi away
Adult Community Education Center
School · 6.5 mi away
Wildwood Elementary School
Elementary · 7.3 mi away
Wildwood Middle High School
Secondary · 7.6 mi away
Get Classically Educated
School · 7.8 mi away
The Villages High School
Secondary · 8.9 mi away
West Street School
Secondary · 8.9 mi away
South Sumter High School
Secondary · 9.0 mi away
Bushnell Elementary School
Elementary · 9.6 mi away
Sumter District Schools
School · 9.8 mi away
Floral City Elementary School
Elementary · 9.9 mi away
Faith Presbyterian Church (Arp)
School · 10.2 mi away
Inverness Christian Academy
School · 10.3 mi away
Villages Charter Primary Center
Elementary · 11.0 mi away
The Villages Charter Middle School
Elementary · 11.0 mi away
Villages Charter Elementary School
Elementary · 11.1 mi away
The Villages Charter High School
Secondary · 11.4 mi away
Sumter
School · 11.7 mi away
Camp E-Nini Hassee
Secondary · 11.8 mi away
A Fresh Start Learning Center
School · 11.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 6059 Bither Way, Lake Worth, FL | $698,000 | 4 | 3 | 2,473 |
| 3887 E US HIGHWAY 90, LAKE CITY, FL | $699,000 | — | — | 15,000 |
| 7373 CIRCLE DRIVE, LADY LAKE, FL | $699,000 | 4 | 3 | 2,416 |
| 2505 CANAL ROAD, LAKE WALES, FL | $699,000 | 3 | 4 | 1,200 |
| 7561 Nemec Drive N, Lake Clarke Shores, FL | $699,000 | 4 | 2 | 2,116 |
| S US HIGHWAY 27, LAKE WALES, FL | $699,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in LAKE PANASOFFKEE
Listing Courtesy: SMITH & SMITH REALTY, INC. - 352-748-5656
Last Updated: 2026-04-06