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$175,000

Beds
2
Baths
1.0
sq ft
1,040

4885 County Road 306A, Lake Panasoffkee, FL 33538

4885 County Road 306A

LAKE PANASOFFKEE, FL 33538

  • 207 days on market
    • Price drop $20,000↓
$30,000 Price Drop!! Seller is ready to get this one SOLD. This is the first house off the Withlacoochee River on the canal You're approx. 400 yards to the Dam, The Dam Pub and the airboat bridge/slide. This is Old Undisturbed Florida. From this house you can travel for miles and miles on the river, marshes, swamps... you will be located in an outdoor wonderland. This is no exaggeration, you can spend years exploring all the water accessible from this home. If your not an airboat person, no worries, a surface drive motor takes you to all kinds of incredible places. If you need a break from the water, try hiking or hunting at nearby Half Moon, Jumper Creek or Flying Eagle Wildlife Management Areas. Original owner built this home in 1984. The kitchen and the bathroom are original. If you like retro, you will love the bathroom. The home was built as a family retreat for weekends, holidays and summers. A large secondary bedroom was full of bunk beds for kids and friends. A lot of memories where made in this home and on the river. It's time for a new family to create their memories. The home needs some work, it will need a new roof, the inside needs a facelift – mostly cosmetic. Sweat Equity will go along way on this home. Paint will transform the outside. Paint and new flooring will make a huge difference on the inside. Having an boat parked underneath will also help. Homes on the river are hard to comeby, especially in this price range. Come take a look, don't let the deferred maintenance scare you. Because of the scarcity of homes with direct access to the river, this is a GOOD investment. The Villages is developing 9,000 acres in Sumter County, plus there are 3,000 acres of additional development --- This becomes a woulda, coulda, should of home. You'll look back and wish you would have bought it. More people creates more demand, very few homes with direct river access means limited supply. Basic economics, more demand than supply makes this a no brainer GOOD Investment. Plus it's a fun place to be

Details

Property type

Single Family Residence

Lot size

9,500 sq ft

Price per sq ft

$169

Year built

1984

Annual property taxes

$1,383.43

HOA

No

Price History

10/29/2024
StellarMLS

StellarMLS #O6210082

Price change
$175,000
-10.26%
08/19/2024
StellarMLS

StellarMLS #O6210082

Price change
$195,000
-13.33%
05/31/2024
StellarMLS

StellarMLS #O6210082

Listed
$225,000

Schools & Community

Elementary school: 

Lake Panasoffkee Elementary

Middle school: 

South Sumter Middle

High school: 

South Sumter High

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Status: Active

Tomo last checked: 12/24/2024 at 3:00 PM

Listing updated: 12/16/2024 at 12:24 PM

Listed by: Levi Salmans, XCELLENCE REALTY INC. Phone #: (866) 595-6025

MLS: StellarMLS #O6210082

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Recently listed in LAKE PANASOFFKEE