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2992 N C 470

Lake Panasoffkee, FL 33538
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SqFt2,064,744

Sqft(Lot)

Acres48.60

Acres(Lot)

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 de velopment 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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Detail Ic Property Details

Property Type : Land

Price : $995,000

AD Id : 76848318

MLS Id : MFRG5110150

Lot Size : 48.60 Acres(Lot)

Living Area Size : 2,064,744

County : Sumter

Subdivision: Squirrel Haven

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Feature Features

  • Water Source

    Water front: 1
    WaterSource: Well

  • Lot Information

    Lot Dimensions: 1016x2032 Lot Square Feet: 2064744 Lot Acres: 48.6 Lot Size (SqMt): 191821

    Property Information

    Property Type: Land

  • Listing Price Information

    Original List Price:$995000

  • Tax Information

    Tax Block: N/A Tax Book Number: 121-681 Tax Lot: 5 Tax 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 Annual Tax: $2767.8 Tax Year: 2025 Parcel Number: F30-011

  • Utility Information

    Other Sewer: None Water Source: Well
  • Location Information

    Subdivision: SQUIRREL HAVEN City: LAKE PANASOFFKEE Direction: 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.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
TBD C 470, Lake Panasoffkee, FL, 33538 $400,000 -- -- 108,464 2.49 Acres(Lot)
Lot #5, Lake Panasoffkee, FL, 33538 $13,500 -- -- 7,250 0.17 Acre(Lot)
Lot #6, Lake Panasoffkee, FL, 33538 $12,500 -- -- 6,333 0.15 Acre(Lot)
Lot #3, Lake Panasoffkee, FL, 33538 $13,500 -- -- 7,250 0.17 Acre(Lot)
Lot #4, Lake Panasoffkee, FL, 33538 $13,500 -- -- 7,207 0.17 Acre(Lot)
191 Cr-482n, Lake Panasoffkee, FL, 33538 $273,900 -- -- 217,800 5 Acres(Lot)
Cr 482c, Lake Panasoffkee, FL, 33538 $39,900 -- -- 30,792 0.71 Acre(Lot)
Cr 448c, Lake Panasoffkee, FL, 33538 $42,500 -- -- 10,932 0.25 Acre(Lot)
000 Cr 422, Lake Panasoffkee, FL, 33538 $22,000 -- -- 8,760 0.20 Acre(Lot)
3057 Cr 431n, Lake Panasoffkee, FL, 33538 $25,000 -- -- 8,670 0.20 Acre(Lot)
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ByOwner last updated this listing 07/19/2026 @ 18:20

MLS: MFRMLS #G5110150 LISTED BY: Danny Smith, SMITH & SMITH REALTY, INC. 352-748-5656 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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