Homes for Sale In Lake Panasoffkee

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Homes for Sale In Lake Panasoffkee

$425,000
2 Beds 1 Baths Panasoffkee Forest SubDv. 33538 Zip Code
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 approved plots for up to 13 single-family manufactured homes along the canal front and outlet river, or 8 "cottages" 600-800 sq ft in size, already plotted by the county. All approved site plans are recorded with the county, and available to interested buyers upon request to the listing agent. This site is perfect for transforming into a picturesque waterfront, river access, income producing community. Currently, the property includes one home and six mobile home, the site build home has a new roof replaced in 2025, and new flooring throughout. 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.

2886 N C 470, Lake Panasoffkee

$284,500
3 Beds 2 Baths Magnolia Manor SubDv. 33538 Zip Code
Under Construction. Under Construction. Be the first to own this beautifully crafted 3-bedroom, 2-bathroom concrete block home offering 1,396 square feet of thoughtfully designed living space in Lake Panasoffkee. This open-concept floor plan features vaulted ceilings, luxury vinyl plank flooring throughout, recessed lighting, and abundant natural light, creating a bright and inviting living space. The spacious kitchen overlooks the living and dining areas and will feature granite countertops, stainless steel appliances, generous cabinet storage, and ample workspace, making it ideal for both everyday living and entertaining. The private primary suite features a tray ceiling, walk-in closet with sliding barn doors, and an en-suite bathroom complete with a beautifully tiled walk-in shower. Two additional bedrooms and a full guest bath provide comfortable accommodations for family or guests. Additional features include an inside laundry room, a one-car garage, covered front porch, sliding glass doors leading to the backyard, and a privacy fence for added enjoyment and seclusion. Situated on a 0.229-acre lot, this home combines modern finishes with the durability and efficiency of new construction in a convenient Lake Panasoffkee location. Estimated completion is approximately 1.5 months. Photos are of a previously completed home of the same floor plan and are provided for illustrative purposes only. Actual colors, finishes, materials, fixtures, and features may vary.

557 County Road 487, Lake Panasoffkee

$365,000
3 Beds 2 Baths Idlewild Park SubDv. 33538 Zip Code
Lakefront, LAKEFRONT, 75 feet of lake frontage, your view is 1.02 miles across open water to undeveloped, protected land of Lake Panasoffkee Wildlife Management area. Stand on the dock and count the bluegill in the clear water. You are located on the north side of the lake, toward the center is lots of eel grass, fish the edges for big bass, across the lake is shell island – known for beds loaded with panfish. The lake is approximately 5 miles long running north to south and a mile east to west. When the water is up you can explore Little Jones Creek and find the springs. Head down Outlook River and go to the Withlacoochee River. It is a 141 mile river system that goes all the way to the Gulf of America. Parts of the River are OLD undeveloped Florida. Head south on the river and you will need extra gas to explore all the water. If the Wysong Lock is down you can make it all the way to Rainbow Springs. Lake Panasoffkee is a paradise for people that love the water, fishing, exploring and wildlife. Don’t forget the Wildlife Management Areas: 2 across the lake, Jumper Creek on the south side of town and 4 in neighboring Citrus County. This is paradise for outdoor lovers. The house is like a concrete bunker. It was built in the days when homes where built to last. Everything is stone solid. Bathrooms are original and in great shape. Kitchen appliances are original and do their job. Not like the modern stuff, spends thousands on a new frig and your replacing in a couple of years. Underneath the carpet are Terrazzo floors. Walls are plaster. Roof is metal and replaced in 2025, A/C replaced in May of 2025, paint was new in 2023, water tank was replaced in 23 – insurance companies will be ecstatic. The home is neat and clean, will cared for and ready for your decorating or up dating. If you are looking for a weekend paradise or winter paradise, hurry, hurry, hurry. This has a lot to offer for the price. This area is a hidden gem, other lakes are priced out of the common man’s budget. Hurry before this area gets discovered. Oops, I almost forgot about the location. Hwy 75 makes travel easy, 47 minutes to downtown Ocala or just over an hour to downtown Tampa, Orlando is 62 minutes away. You get to live in nature and be close to the city life. For local entertainment, shopping and dining it’s 20 to 25 minutes to Brownwood, Eastport or Middleton in the Villages. When the day is done, pour a glass of wine, walk down to your dock, and watch the evening sky come alive as birds glide across the lake heading to roost. It's the perfect way to unwind and enjoy peaceful lake life.

4136 Cr 400, Lake Panasoffkee

$234,900
3 Beds 3 Baths Tracys Point 2nd Add SubDv. 33538 Zip Code
Canal Front Opportunity in Tracy's Point with Direct Access to Lake Panasoffkee! Welcome to 2345 CR 453, Lake Panasoffkee ,a one-of-a-kind canal front property on Keepers Canal with direct access to Lake Panasoffkee, perfectly situated for bass boats and pontoons. Set on a double lot totaling 0.41 acres in the Tracy's Point community, this solid block construction home built in 1963 offers incredible potential for the right buyer and it comes furnished. The main home features 1,476 sq ft of living space with an expanded primary bedroom, a second bedroom divided by a partitioned wall, 2 bathrooms, original wood beam ceilings, tile and carpet flooring, and a screened-in porch that is perfect for enjoying the waterfront setting. A carport and utility/storage areas round out the property. A separate 1 bedroom, 1 bathroom mother-in-law suite with a full bath and air conditioning is ideal for guests, extended family, or potential rental income. The suite also includes additional attached storage rooms, providing excellent space for tools, gear, or lake equipment. Three water heaters service the property, plumbing has been recently re-piped, and the AC has been recently updated in the main home. Membrane roofing in place. Located in the flood zone but has never flooded. Tracy's Point offers a private neighborhood boat launch and a remarkably low HOA of just $40/year. Sold as-is. Don't miss this rare chance to own a double waterfront lot on the canal with Lake Panasoffkee access at an exceptional value.

2345 Cr 453, Lake Panasoffkee

$203,000
3 Beds 1 Baths 2nd Add Tracys Pt SubDv. 33538 Zip Code
Discover the potential of this charming 3 bedroom, 1 bath single family home situated on a quiet cul-de-sac in the sought after Tracy's Point community, a deed-restricted community of homes only. Constructed of durable concrete block with stucco exterior, this property offers a unique waterfront setting with canal frontage on two sides. Enjoy your morning coffee or evening relaxation from the screened front porch with beautiful views of Lake Panasoffkee. Inside the home features recent remodeling throughout including but an updated kitchen with matching stainless steel appliances, Corian countertops, and solid wood cabinetry. Luxury vinyl plank flooring runs throughout the living areas and bedrooms, offering both style and durability. The bathroom features laminate flooring and functional design. The chain-link fenced backyard provides a secure space for pets, gardening, or outdoor enjoyment. The waterfront location, combined with the property's corner-like positioning surrounded by water on two sides, creates a setting that is difficult to find at this price point. This home is being offered at a price designed to attract immediate interest and presents an excellent opportunity for buyers seeking waterfront living with room to add value. For those needing to commute Interstate 75 and the Florida Turnpike are located a short distance away. The Villages are approximately 15 minutes away providing dining, shopping, and nightly entertainment. This home has experienced some settling and is priced accordingly. Recent appraisal on file and available upon request.

1141 County Road 457, Lake Panasoffkee

$689,000
4 Beds 3 Baths Sunset Shores SubDv. 33538 Zip Code
WATERFRONT PARADISE on over 1/2 acre with breathtaking views of the beautiful Withlacoochee River with NO HOA! This one-of-a-kind property offers an exceptional waterfront lifestyle with what may be one of the finest lots on the river. Enjoy direct river access with your private dock, fishing pier, boat slip, boathouse, and expansive waterside deck—perfect for boating, fishing, entertaining, or simply taking in the spectacular sunsets. This spacious 4-bedroom, 3-bath home is designed to maximize the stunning water views with an open-concept floor plan and large windows throughout. The gourmet kitchen is a chef's dream, featuring granite countertops, stainless steel appliances, custom cabinetry, a convection oven, wine refrigerator, and abundant workspace for cooking and entertaining. The oversized primary suite serves as a private retreat with gorgeous water views and a luxurious ensuite bath complete with a large jacuzzi tub, separate shower, and generous space to unwind. Additional features include a huge laundry room with ample storage, a dedicated art studio, and a massive 4-car garage. Outside, the beautifully landscaped grounds create a true private oasis with a circular driveway, RV hookup, generator wiring, and plenty of room to enjoy the peaceful surroundings. With NO HOA, you'll have the freedom to enjoy your property your way. Whether you're looking for a full-time residence, weekend getaway, or waterfront retreat, this extraordinary waterfront estate offers the perfect blend of luxury, privacy, and outdoor living in a quiet, peaceful neighborhood. Rare opportunities like this don't come along often! Schedule your private showing today.

4885 Cr 307, Lake Panasoffkee

$269,900
3 Beds 2 Baths 6th Add Tracys Point SubDv. 33538 Zip Code
Virtually Staged. Welcome to Tracy’s Point and the sought-after Osprey Canal — where Old Florida charm, waterfront living, and four generations of cherished memories come together. This beautifully maintained 3-bedroom, 2-bath split floorplan home offers 1,243 sq ft of living space plus a bright 200 sq ft sunroom overlooking the canal. Built in 1995 and lovingly cared for by one family since day one, pride of ownership shines throughout. Enjoy peaceful mornings in the dining room framed by stunning bay windows, relaxing evenings in the screened 2-car garage, and easy boating access to Lake Panasoffkee from your private canal frontage. The property also features two powered outbuildings, including a workshop, mature landscaping, irrigation from the canal, and drought-resistant St. Augustine grass. Recent updates include an ADT video security system with Nest thermostat, LED exterior lighting, updated appliances, professional termite monitoring, and a professionally serviced HVAC system with records available. Located in the desirable Tracy’s Point community with private neighborhood boat launch access and low HOA dues of only $40/year. City water, septic, and NO flood zone. This home is more than a property — it’s a story decades in the making, now ready for its next chapter. * Canal Frontage * Access to Lake Panasoffkee * 3 Bed | 2 Bath * Sunroom * Powered Workshop * 2-Car Screened Garage * Mature Landscaping * Tracy’s Point

2472 Cr 447, Lake Panasoffkee

$625,000
4 Beds 3 Baths Idlewild Park SubDv. 33538 Zip Code
Experience true waterfront living on the shores of beautiful Lake Panasoffkee in this stunning 4 bedroom 3 bath pool home situated on nearly an acre with approximately 300 feet of lake frontage. Tucked away at the end of a paved county road, this private retreat offers panoramic views, peaceful surroundings, and exceptional indoor-outdoor living. Designed for both comfort and entertaining, the home features wood and tile flooring throughout, and spacious layout with both a living room and family room. The oversized owner's suite provides a relaxing escape, while the additional bedrooms offer generous space for family and guests. The kitchen is equipped with all stainless steel appliances, solid wood cabinetry, and quartz countertops and opens seamlessly to the home's expansive entertaining areas. Outside you can enjoy the pool with screen enclosure and fully equipped outdoor kitchen with concrete countertops, stainless steel grills, sink, and ice makers all perfectly positioned to enjoy breathtaking lake views. For boating and outdoor enthusiasts, the property includes a private dock and covered boat slip on Lake Panasoffkee. A massive 30x25 garage/workshop provides excellent space for hobbies, storage, or recreational equipment. The paved four-board/wire fencing, and dual automatic gates add both functionality and curb appeal. Located in a quiet neighborhood a short distance from The Villages where you can find dinning, shopping, and nightly entertainment. For those needing to commute Interstate 75 and The Florida Turnpike are just a hop, skip, and a jump away. Schedule your private showing today and begin your journey to experiencing the ultimate Florida lifestyle.

4232 County Road 400, Lake Panasoffkee

$189,000
3 Beds 2 Baths Panacoochee Retreats SubDv. 33538 Zip Code
Welcome to 2548 County Road 422 in Lake Panasoffkee — a property full of potential, flexibility, and opportunity in a quiet Central Florida setting. Whether you are a cash buyer, investor, first-time buyer, seasonal homeowner, or a buyer using financing, this property provides a great chance to secure a home in a peaceful area with room to personalize and add value over time. With the right vision, this property can be refreshed, improved, or customized to fit your needs and style. Located in the Lake Panasoffkee area, this property provides access to a relaxed lifestyle surrounded by natural Florida charm. Enjoy being near local conveniences, outdoor recreation, fishing, boating, and the laid-back atmosphere that makes this community attractive to both year-round residents and seasonal buyers. The location also provides convenient access to nearby roadways, making travel throughout Sumter County and surrounding areas simple. For investors, this property provides value-add potential in a desirable Central Florida market. For owner-occupants, it provides the chance to create a comfortable home with your own personal touch. For seasonal buyers, it provides an opportunity to enjoy Florida living in a quieter setting away from the heavy traffic and congestion of larger cities. With its location, usable potential, and broad buyer appeal, 2548 County Road 422 is worth a closer look. Bring your ideas, explore the possibilities, and see how this property can fit your goals. Schedule your showing today!

2548 Cr 422, Lake Panasoffkee

$190,000
1 Beds 1 Baths Marsh Acres SubDv. 33538 Zip Code
Private Florida Retreat on Nearly Half an Acre – Solar Powered with Bonus Flex Space! Looking for space, privacy, and flexibility? This unique Lake Panasoffkee property sits on a fully fenced .47 acre lot and offers a rare combination of efficiency, functionality, and outdoor freedom with no HOA restrictions. The main home features a comfortable 1 bedroom, 1 bathroom layout with great natural light and a cozy feel, perfect for a primary residence, winter getaway, or rental opportunity. Recently installed solar panels help keep electric costs low and add long-term value. The property also includes a detached garage with finished interior space currently set up as additional living/flex space (not included in living square footage). This creates excellent potential for guests, a home office, workshop, or hobby area depending on your needs. A separate storage shed adds even more utility. Outside you'll find plenty of room to: ? Park boats, RVs, or trailers ? Add a garden or outdoor entertainment area ? Store work equipment ? Expand in the future Located just minutes from Lake Panasoffkee’s famous fishing and boating, with quick access to I-75 for easy commuting to The Villages, Ocala, or Tampa. Opportunities like this with land, flexibility, and solar efficiency don't come around often at this price point. Property Features: • .47 acre fenced lot • Solar power system • Detached garage with finished flex space (unpermitted conversion) • Storage shed • No HOA • Boat/RV parking • Quiet country setting Perfect for first-time buyers, investors, snowbirds, or anyone wanting space without restrictions.

1198 Cr 464, Lake Panasoffkee

$349,900
2 Beds 2 Baths Panasoffkee Retreats SubDv. 33538 Zip Code
If you’ve been searching for a well-built waterfront home in Lake Panasoffkee with direct canal access to the lake, this property deserves your attention. Located on a canal just off Lake Panasoffkee, this home offers peaceful water views, excellent construction, and true Florida outdoor living. Constructed with durable metal siding and roofing, this home was built with strength and longevity in mind. Inside, you’ll find an open-concept layout with vaulted ceilings that make the main living area feel bright and spacious. Natural light pours in through multiple windows, showcasing clean lines, modern finishes, and a comfortable lake-house feel. The kitchen is thoughtfully designed with solid surface countertops, stainless appliances, ample cabinetry, and a functional galley layout that maximizes space and efficiency. The living and dining areas flow seamlessly together, creating an inviting setting for everyday living or weekend guests. The home features two well-appointed bedrooms and a beautifully finished bathroom with a walk-in tiled shower, subway tile walls, and pebble-style flooring for a custom touch. Step outside to the covered back porch overlooking the canal — this is where the lifestyle truly comes together. Enjoy morning coffee while watching the water, unwind in the evenings, or cast a fishing line right from your backyard. With quick access to Lake Panasoffkee, you’re minutes from boating, fishing, and exploring one of Central Florida’s most loved natural lakes. The property also includes a large covered metal carport structure, detached storage sheds for tools or hobbies, a dedicated laundry area, a covered patio with outdoor seating space, a hot tub setup overlooking the water, and open yard space with room to expand or personalize your outdoor living area. Whether you're looking for a full-time residence, seasonal retreat, Airbnb opportunity, or a fisherman’s getaway, 645 CR 485A offers solid construction, water access, and low-maintenance living in a prime Lake Panasoffkee location. Canal-front. Durable build. Move-in ready. Schedule your private showing and experience Florida waterfront living at its best.

645 Cr 485a, Lake Panasoffkee

$172,000
3 Beds 2 Baths Panasoffkee Retreats SubDv. 33538 Zip Code
Whether the sun is shining or not we think there’s a good chance the fish are bitting. Everyone says they want a handyman special. So here you go. Don’t let a little sweat equity stand in the way of you and a new weekend get-a-way. Originally built in 1973, this beauty is showing its age but eager for its next chapter if you give it a chance. Standing tall this wood frame, with a metal roof, stilt home, says bring your toothbrush and your tool box and let’s make a deal. Technically a 2 bedroom home, but an easy conversion can make this a 3 bedroom in no time. There are 2 full bathrooms and an open kitchen, dining and living area. There is a covered porch toward the front of the house and an open porch facing the canal for your morning cup of coffee or entertaining some friends your call. Situated along side a spring fed canal to Lake Panasoffkee, Lake Pan as the locals call it, enjoy fishing, kayaking, canoeing, air boating, watching the wildlife and more. Touted as one of the best Bass fishing lakes in Florida and voted one of Florida's Top 10 Family Fishing Destinations by World Fishing Network. Lake Panasoffkee is a true spring fed lake and is one of Florida's best hot spots for Largemouth bass, bluegill, sunfish, war-mouth and catfish. Lake Panasoffkee flows into the Outlet River that flows into the Withlacoochee River. Conveniently located just a short drive to The Villages you can be close to shopping, dining, and nightly entertainment. One hour from Orlando International Airport and one hour from Tampa international Airport this weekend warrior project is in the heart of central Florida. Unfortunately no VA/FHA/USDA or conventional loans accepted unless they are a rehab loan product of those agencies. This one needs some work. No owner financing available. Owner occupied but very easy to show with an appointment. Call or message today.

853 Cr 484, Lake Panasoffkee

$354,900
5 Beds 4 Baths Tracys Pt 3rd Add SubDv. 33538 Zip Code
Welcome to 1118 CR 440 in Lake Panasoffkee, a rare find offering 5 bedrooms, 3.5 bathrooms, and over 2,600 sq. ft. of living space perfect for large families, multigenerational living, or those who love to entertain. This two-story home features a bright and open second floor with a large living room, four bedrooms, and two full bathrooms. The master suite includes its own private side porch accessed via a sliding glass door, ideal for peaceful mornings or quiet evenings. A front balcony adds charming curb appeal and extra space to relax. Downstairs, the first floor offers flexible living arrangements with an apartment-style layout featuring a private bedroom, living room, bonus room, kitchenette, and full bathroom—perfect as a second master suite, guest quarters, or in-law suite. This space also has direct access to the pool area, creating an effortless indoor-outdoor lifestyle. The home sits on a .39-acre lot, with two garage bays for parking and additional storage. Laundry hookups are located in the garage for convenience. Located just minutes from Lake Panasoffkee, this home includes deeded access to a private community boat ramp for a low $2/month HOA fee, making it ideal for boating and fishing enthusiasts. With easy access to I-75 and close proximity to The Villages, you’ll enjoy a peaceful lifestyle with city conveniences nearby. Spacious, versatile, and full of potential this is the Lake Panasoffkee home you’ve been waiting

1118 Cr 440, Lake Panasoffkee

$379,500
3 Beds 2 Baths Lake Shore Park SubDv. 33538 Zip Code
Waterfront- Nestled along a great fishing canal that opens up to the stunning Lake Panasoffkee. This custom built 3-bedroom, 2-bath home offers a spacious open floor plan with soaring ceilings and recessed lighting throughout. Each bedroom includes a walk-in closet, offering ample storage space, and there's additional built-in storage thoughtfully placed throughout the home.The kitchen is a chef’s dream—featuring granite countertops, real wood cabinetry, Travertine flooring, a walk in pantry and a large breakfast bar with seating that's perfect for entertaining family and friends. The primary bedroom is very generous in size that has a very functional bathroom and walk in closet combo with a walk-in shower. The home also includes a dedicated indoor laundry room for added convenience when doing laundry that is located near attached garage. One of the standout features is the set of double doors that open to a generously sized screened lanai, ideal for relaxing while enjoying the serene water views and wildlife just steps away. The back lanai has custom plank tiled floors, with an area that is plumbed for an outdoor kitchen or a hot-tub and wired for a television with additional outlets throughout. Whether you're looking for a peaceful retreat or a home built for hosting, this waterfront gem has it all. Just minutes away, you'll find multiple boat ramps that provide easy access to Lake Panasoffkee--renowned for some of the best fishing in Florida.The lake flows into the scenic Withlacoochee River, where you can enjoy boating, kayaking, and viewing an abundance of native wildlife. Enjoy the small-town charm while still being just minutes from The Villages that hosts free nightly entertainment, golf courses, shopping, dining, and much more! You're also close to Florida’s west coast, offering waterfront dining, kayaking, fishing, beaches, and natural springs for the perfect weekend adventures. Convenient access to I-75 and the Florida Turnpike makes travel to Orlando’s theme parks and major airports a breeze. This home gives the perfect blend of comfort, privacy, and convenience to the Florida lifestyle. Equal Housing Opportunity.

876 Cr 467, Lake Panasoffkee

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