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Recreational & Residential Land for Sale in Lake Panasoffkee, Florida

2992 N C 470, Lake Panasoffkee, FL 33538

$995,000
48.6 acres
Active sale
ago
Est $6,938/mo

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.

Location

Street address
2992 N C 470
Community
Squirrel Haven
Elevation
42 feet
Coordinates
28.8026, -82.1465

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.

Property details

Acreage
48.6 acres
Zoning
A10C, R4M
MLS #
MFRMLS G5110150
Posted

Property taxes

2025
$2,768

Parcels

  • F30-011

Legal description

Details and features

Listing

Type
Land

Lot

Waterfront
Freshwater Canal, Waterfront

Listing history

DateEventPriceChangeSource
Apr 7, 2026New listing$995,000MFRMLS
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This 48.6-acre property is located at 2992 N C 470 in Lake Panasoffkee, FL 33538. The property is available for sale for $995,000 with a price per acre of $20,473.

Checked 1 hour ago — Updated

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