Residential Property - Single Family Residence in Lake Panasoffkee
Listing Price: $425,000 (Mortgage Calculator →)
Description of Property
BELOW APPRAISAL VALUE- PROPERTY WAS APPRAISED AT $435,000 Seller will replace the septic tank before closing, or provide a credit to Buyer at closing for the cost of replacement. Wake up each day to the serene beauty of Lake Panasoffkee in this beautifully remodeled 2-bedroom, 1-bathroom pool home, perfectly situated in the sought-after Tracy’s Point Community. With panoramic lakefront views from nearly every room, this home combines modern upgrades with timeless lakeside charm. Step into the gourmet kitchen, complete with stainless steel appliances, granite countertops, and stylish tile floors. Whether preparing dinner for family or entertaining guests, this space is designed to impress. From the kitchen, flow into the expansive family room, where a cozy wood-burning fireplace and endless lake views create the perfect backdrop for year-round enjoyment. Outside, your private oasis awaits. Take a dip in the fenced-in, in-ground pool, unwind in the hot tub while watching sunsets over the water, or launch your boat directly from the canal with float-on boat port for endless adventures. With two lakefront lots, you’ll enjoy an impressive 320 feet of waterfront and a brand-new seawall for long-lasting protection and peace of mind. The second lot is platted and ready to build, offering an incredible opportunity to expand or create a custom retreat. Energy efficiency is built in, thanks to a newly spray-foamed attic that keeps utility costs low and comfort high year-round. For outdoor enthusiasts, the community boat ramp provides easy access to Lake Panasoffkee and the Withlacoochee River—perfect for fishing, boating, and exploring nature.Just a short drive from town yet tucked away in a peaceful setting, this home offers the perfect blend of relaxation and convenience. This is more than a house—it’s a lifestyle of adventure, tranquility, and unmatched lakefront beauty. Don’t miss your chance to own a piece of paradise. Schedule your private showing today!
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Lake Panasoffkee
County: Sumter
Subdivision: First Add
Bedrooms: 2
Bathrooms: 1
Sq. Ft. Gross: 2,108
Sq. Ft. Living Area: 1,700
Cost per (heated) sqare foot: $250
Year built: 1954
Annual Tax: $2,479
HOA Fee: $28 Annually
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: Washer
Fireplace: Yes
Fireplace Features: Wood Burning
Window Features: Blinds
Flooring: Ceramic Tile
Schools
Elementary School: Lake Panasoffkee Elementary
Middle/Junior High School: South Sumter Middle
High School: South Sumter High
Pool & Waterfront Info
Private Pool: Yes
Pool Features: In Ground
Water Front: Yes
Water Frontage: Lake Front
Water Access: Yes
Water Access Type: Lake
Water Name: LAKE PANASOFFKEE
Exterior & Construction
Construction: Stucco
Foundation: Slab
Roof: Metal
Exterior Features: Other
Garage: Yes
Garage Spaces: 1
Parking Features: Driveway
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View: Water
Fencing: Chain Link
Sewer: Septic Tank
Water Source: Public
Community Features: Waterfront
Lot Information
Lot Size (acres): 0.52
Lot Size (sq. ft.): 22,664 square feet
Lot Dimensions: 167 x 78
Front Exposure: Southwest
Legal Description & Other Information
Financing Available: VA Loan
Parcel Number: F32D001
Zoning: RES
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: LOTS 1 & 2 BLK 21 FIRST ADD TRACYS POINTPLAT BOOK 2 PAGE 30 1/2
Section: 32
Range: 22E
Listing courtesy of FUTURE HOME REALTY INC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.