2886 C 470, Sumterville, FL 33585

2886 C 470, Sumterville, FL 33585

2 beds 1 baths 1,086 Sqft

Overview Neighborhood Amenities Price details

$399,900 $368/sf Earn $7,998

94 days on Market

$399,900

Credit Back up to $7,998*
$368.23/sf

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Description:

Active - Multi Family for sale

Located in the heart of Lake Panasoffkee at the intersection of C-470 and County Road 414, this property offers a unique opportunity for waterfront residential development. With the potential to create up to 13 single-family lots along the canal front and outlet river, this site is perfect for transforming into a picturesque waterfront community.Currently, the property includes one home and one mobile home, both requiring TLC, along with three dilapidated mobile homes that need to be removed. The redevelopment possibilities are immense, allowing for the creation of a modern, inviting neighborhood that takes full advantage of the stunning waterfront views. County Road 414 provides direct access to a scenic walking bridge that overlooks the outlet and leads to Marsh Bend “Outlet” Park. This park is a local favorite, featuring a public boat ramp, walking trails, a beach volleyball court, picnic areas, fishing spots, grill stations, and a pet area, enhancing the appeal of this location for future residents. Discover the potential of this exceptional property and imagine the waterfront lifestyle it can offer. Call or email us today to explore all the development possibilities.

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MLS: #G5092914

Location

* School data provided by National Center for Education Statistics, and GreatSchools. Intended for reference only. The GreatSchools Rating is based on a variety of school quality indicators, including test scores, college readiness, and equity data. To verify enrollment eligibility, contact the school or district directly.

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Facts and features:

Appliances: Range, Refrigerator

Furnished: Unfurnished

Number Of Lots: 2

Status: Active

Listed Date: 02/12/2025

Days On Market: 94

Lot Size (Square Feet): 94090

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Financial:

Rent Includes: []

Tenant Pays: []

Structure:

Year Built: 1978

Cooling: Central Air

Foundation Details: Foundation Crawlspace

Heating: Central

Interior Features: Ceiling Fan(S)

Roof: Roof Shingle

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Utilities:

Electric: []

Sewer: Sewer Septic Tank

Utilities: Electricity Connected

WaterSource: Water Source Public

Tax:

Parcel Number: F31023

Tax Legal Description: Beg 1285.69 Ft S 89 Deg 55 Min 42 Sec W Of 1/4 Sec Cor Between Sec 30 & 31 Point Bein G On The S R/W St Rd 470 Said Point Also Being On A Curve Co Ncave To The Ne Having A Radius Of 956.87 Ft Thence Wit H A Chord Bearing N 63 Deg 46 Min 55sec W 241.2 9 Ft To The P.C. Of Said Curve S 31 Deg 17 Min 41 Sec W 125.16 Ft To Sec Line 277.50 Ft From Pob S 38 Deg 38min 45 Sec W 17.78 Ft T O C/L Of A Canal At N/Ly End Thence Along C/L S 38 Deg 38 M In 45 Sec W 155.61 Ft S 59 Deg 54 Min W 126.52 Ft N 85 De G 47 Min W 117.47 Ft N 55 Deg 40 Min W 235.48 Ft To The E/Ly Ba Nk Of Panasoffkee River S 48 Deg 28min 22 Sec W 105.89 Ft Along The Meanders Of River To R/W Of Old Road Along R/W S 55 Deg 40 Min E 230.41 Ft S 72 Deg 42sec E 120.84 Ft N 85 De G

Zoning: Rpud

Location:

Subdivision Name: N/A

MLS Area Major: 33538 - Lake Panasoffkee

Agent:

Office Name: FLAMINGO REAL ESTATE & MNGMT

Listing Agent Full Name: Robbie Shoemaker

List Agent MLS ID: 271512691

Score:

-sumterville-for-sale-2886 c 470, sumterville, fl 33585-STELG5092914

Mortgage All cash

Monthly expenses $2,859

Property Tax $300

HOA Fee $0

Homeowners Insurance $107

Due at Close $385,904

List price $399,900

Closing costs $5,999

beycome Pre-paid title settlement fee: $199Learn more

beycome Credit Est. $8K

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The information is being provided by Lake and Sumter.
Information deemed reliable but not guaranteed. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Broker Reciprocity disclosure: Listing information are from various brokers who participate in IDX (Internet Data Exchange).
All information should be independently reviewed and verified for accuracy.
Copyright 2025 Lake and Sumter. All rights reserved.

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Antoni Paris, Jacksonville, Fl

Great experience great service and very professional people thank you very much for your help and I will use your service in the future. Thanks again. Antoni

June M. Jacksonville, Fl

You and I did great. It is now rented. I only spend $40 with your company and saved $1,650.00 by not using a realtor. You were great and hope u feel better. Please remove all ads. Thanks from the bottom of my heart. June 2016

Rufus H, Ocala, Fl

My house sold. They saw your For Sale sign in the front yard. Thanks for all your help. Thank you, Rufus H. Saved in comission fee: $7.200

Ndakhte N. Oakland Park, FL

Hi Nico and Natalie.. I can't say enough about Beycome and all of the nice service I received. It did sell today for the full asking price less a credit back to the buyer at closing so she'd barely have to come up w/ any money ...