965 CR 439 Lake Panasoffkee, FL
$ 749,900
Property Attributes
  • MLS#A4173806
  • TypeIncome
  • CountySUMTER
  • CityLake Panasoffkee
  • AreaLake Panasoffkee
  • Zip33538
  • StyleMulti-Family
  • Year Built2004
  • Taxes3717
  • Price$ 749,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2.62 Acres
Listing Provided Courtesy Of:
All Florida Realty & Auction C
Property Description

Live your dream and own one of the most breathtaking Marinas in the state of Florida. Retired or still working and looking for an Income. This is a very versatile Property with numerous options for great income and return on your investment. Easy 13+% Net Cap Rate just from the rental cottages, R/V lots, and boat slip rentals without even including the on site restaurant income potential that is up and running. If the owner operates the restaurant and bait shop shemselves the numbers go up 30-40%. Waterfront restaurant features indoor and outdoor seating for up to 75 persons that could be rented out. Open as a catch and cook along with a menu restaurant. Your guest would love to eat what they caught.The restaurant has become extra income and a great asset to the area. There is a very nice 3/2 unit for the owners to live in, or choose a smaller unit and rent the larger one out. There are 28 boat slips, or 56 half slips for the average bass boat. Great income also comes in from the 11 units an upto 13 R/V lots on site. Start your own kayaking, canoeing, jet ski, paddle board or boat rental business or fishing tours. There are numerous ways to double your income possibilities.

Price History
3/7/2018 Listed $1,150,000
8/13/2018 14% - $995,000
10/11/2018 11% - $895,000
2/28/2019 6% - $849,900
7/22/2019 12% - $749,900

General Features

Association Amenities Boat Slip, Dock, Private Boat Ramp
Community Features Sidewalk, Water Access, Waterfront Complex
MLS Area 33538 - Lake Panasoffkee
Pets Allowed Yes
Property SubType Multi-Family
Property Type Residential Income
Special Listing Conditions Auction
Status Active
Subdiv Community Name Not Applicable
Subdivision Name NONE
Total Num Buildings 12
Total Units 11
Township 20
Year Built 2004
Zoning 5005, 5252

Interior Features

Cooling Central Air, Zoned
Heating Central, Electric
Living Area 0.00
Utilities BB/HS Internet Available, Cable Connected, Electricity Connected

Exterior Features

Construction Materials Block, Siding, Wood Frame
Exterior Features Outdoor Grill
Lot Dimensions 218x524
Lot Features Cul-de-sac, In County, Sidewalk, Street Dead-End, Street Paved
Lot Size Acres 2.62
Lot Size Square Feet 114232
Number of Lots 1
Parking Features Boat, Driveway, None
Patio/Porch Features Covered, Deck, Patio, Porch, Screened
Roof Shingle
Vegetation Mature Landscaping, Oak Trees
View Water
Water Access Type Lake
Water Access Y/N Yes
Water Extras Dock - Slip Deeded On-Site, Fishing Pier, Seawall - Concrete
Water Extras Yn Yes
Water Frontage Feet Lake 114232
Water View Lake
Water View Y/N Yes
Waterfront Features Lake
Waterfront Feet Total 114232
Waterfront Y/N Yes


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33538

AVG $750K
AVG $3,717
AVG 296
Year Built
AVG 2004
AVG 21
Data Provided by Walkscore ® not using MLS data

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