
Recreational & Residential Land for Sale in Lake Panasoffkee, Florida
2992 N C 470, Lake Panasoffkee, FL 33538
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
- County
- Sumter County
- Community
- Squirrel Haven
- Elevation
- 42 feet
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
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
Details and features
Listing
- Type
- Land
Lot
- Waterfront
- Freshwater Canal, Waterfront
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Apr 7, 2026 | New listing | $995,000 | — | MFRMLS |






























