1198 CR 464 LAKE PANASOFFKEE FL 33538 MLS #TB8487387

1198 CR 464
LAKE PANASOFFKEE, FL, 33538
$190,000
1 Beds
1 Baths
792 SqFt
0.47 Acres
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MLS #TB8487387 image #0
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.

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
Contemporary33538 – Lake Panasoffkee33538lakepanasoffkeeMarsh AcresLake Panasoffkee ElementarySouth Sumter MiddleSouth Sumter HighNo Minimum

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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

Market Summary

Current real estate data for Single Family in LAKE PANASOFFKEE as of Jun 18, 2026
32
Single Family Listed
136
Avg DOM
216
Avg $ / SqFt
$310,112
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 $216. The average listing price for Single Family in LAKE PANASOFFKEE is $310,112. 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.

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