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.
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.
Property Details
Price:
$190,000
MLS #:
TB8487387
Status:
Active
Beds:
1
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
MARSH ACRES
Neighborhood:
33538lakepanasoffkee
Listed Date:
Mar 19, 2026
Finished Sq Ft:
792
Total Sq Ft:
1,232
Lot Size:
20,279 sqft / 0.47 acres (approx)
Year Built:
1958
See this Listing
Schools
Elementary School:
Lake Panasoffkee Elementary
Middle School:
South Sumter Middle
High School:
South Sumter High
Interior
Appliances
Dryer, Range, Refrigerator
Bathrooms
1 Full Bathroom
Cooling
Wall/Window Unit(s)
Flooring
Carpet, Tile, Hardwood
Heating
Propane
Interior Features
Ceiling Fan(s), Eating Space In Kitchen
Laundry Features
Outside
Levels
One
Exterior
Architectural Style
Contemporary
Construction Materials
Concrete, Vinyl Siding, Wood Frame
Direction Faces
Northwest
Exterior Features
Rain Gutters
Fencing
Chain Link
Other Structures
Shed(s)
Patio And Porch Features
Deck
Roof
Shingle
Window Features
Blinds
Financial
Tax Year
2025
Taxes
$848
Map
Community
- Address1198 CR 464 LAKE PANASOFFKEE FL
- SubdivisionMARSH ACRES
- CityLAKE PANASOFFKEE
- CountySumter
- Zip Code33538
Subdivisions in LAKE PANASOFFKEE
- 2ND ADD TRACYS PT
- 6TH ADD TRACYS POINT
- APPALOOSA ACRES
- EMERT ACRES
- HIDDEN HARBOR
- HOLIDAY HAVEN
- IDLEWILD PARK
- LAKE SHORE PARK
- LAKE VIEW TERRACE
- LAKEVIEW TERRACE
- LAKEVIEW TERRACE SUB
- LEISURE TIME MOBILE HOME ESTATES
- LENGTHY
- MAGNOLIA MANOR
- MAGNOLIA SHORES
- MARSH ACRES
- MONTGOMERY ACRES PH 01
- OLIVE PALM
- OLIVE PALM COMM UNRECO RDED SUB
- PANA COO CHEE RETREATS
- PANA-COO-CHEE RETREATS
- PANACOOCHEE RETREAT
- PANACOOCHEE RETREATS
- PANASOFFKEE ESTATES
- PANASOFFKEE FOREST
- PANASOFFKEE RETREATS
- RILACA MOBILE MANOR
- RIVER EDGE ESTATES
- RIVERS EDGE ESTATES
- RIVERS ESTATES
- RUTLAND RANCH PH 1
- SHADY ACRES 1ST ADD
- SIXTH ADD TRACYS PT
- SMITH
- SQUIRREL HAVEN
- SQUIRREL HAVEN UNREC
- SUMTERVILLE
- SUNSET SHORES
- THUNDERBIRD TERRACE ADD 01
- TRACYS POINT
- TRACYS POINT 2ND ADD
- TRACYS POINT 3RD ADD
- TRACYS POINT ADD 06
- W H SMITH
Market Summary
Current real estate data for Single Family in LAKE PANASOFFKEE as of Oct 16, 2026
29
Single Family Listed
161
Avg DOM
240
Avg $ / SqFt
$364,545
Avg List Price
Property Summary
- Located in the MARSH ACRES subdivision, 1198 CR 464 LAKE PANASOFFKEE FL is a Single Family for sale in LAKE PANASOFFKEE, FL, 33538. It is listed for $190,000 and features 1 beds, 1 baths, and has approximately 792 square feet of living space, and was originally constructed in 1958. The current price per square foot is $240. The average price per square foot for Single Family listings in LAKE PANASOFFKEE is $240. The average listing price for Single Family in LAKE PANASOFFKEE is $364,545. To schedule a showing of MLS#tb8487387 at 1198 CR 464 in LAKE PANASOFFKEE, FL, contact your CENTURY 21 Carioti agent at 800-783-8847.
Similar Listings Nearby
Courtesy of DALTON WADE INC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 1198 CR 464
LAKE PANASOFFKEE, FL
