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Located in Lake Panasoffkee, FL 33538, this unique multi-parcel offering presents a significant opportunity for waterfront development or a private family compound. Combined, the two properties (Parcel F30A042 and F30A036) provide approximately 208 feet of canal frontage and approximately 1.66 total acres of land. Property 1: 2377 NW 34th Place (.77 Acres) This parcel serves as the primary residential site with extensive marine infrastructure: Main Residence: A stilt-style home featuring 2 bedrooms and 2 bathrooms. The layout includes one bedroom/bath on the upper level and a second downstairs in the Florida/laundry room area. The exterior requires maintenance to reach its full potential. Secondary Structure: Includes the original one-bedroom, one-bathroom mobile home with a screened porch. While currently used for storage, it could be renovated into an in-law suite or guest cottage. Waterfront Features: Fully equipped for a sportsman, featuring a private concrete boat ramp, a metal-roofed boat house, and a 9.67' x 21.25' composite dock. The dock terminates in a 9.67' x 16' screened room complete with electricity, water, and a fish cleaning station. Property 2: 2399 NW 34th Place (.89 Acres) This adjacent parcel offers additional living space and specialized utility: Modular Home: A double-wide modular unit previously used as a rental. It contains 3 bedrooms, 2 bathrooms, an open living area, and a 22.16' x 8.83' family room. The structure needs significant clean-up and repair. Outdoor Amenities: Features a concrete-based screened room across the back, a small laundry room, and two storage sheds. Upgrades: A new lift station has been installed on this parcel. Location and Potential Nestled among various mature oak trees, these properties are ideal for those seeking a "waterfront sportsman's dream" with direct canal access. The dual-parcel setup offers flexible possibilities for rental income, multi-generational living, or complete site redevelopment All measurements are approximate and must be confirmed by buyer or buyers agent.
| DAYS ON MARKET | 2 | LAST UPDATED | 1/1/2026 |
|---|---|---|---|
| TRACT | OLIVEPALM SUB | YEAR BUILT | 2007 |
| COMMUNITY | 33538 - Lake Panasoffkee | COUNTY | Sumter |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Microwave, Range, Refrigerator, Washer |
| AREA | 33538 - Lake Panasoffkee |
| CONSTRUCTION | Frame, Other |
| EXTERIOR | Balcony, Dock |
| HEAT | Central |
| INTERIOR | Eat-in Kitchen, Open Floorplan |
| LOT | 0.77 acre(s) |
| LOT DESCRIPTION | Waterfront |
| SEWER | Septic Tank |
| STORIES | 2 |
| STYLE | Elevated, Other |
| SUBDIVISION | OLIVEPALM SUB |
| TAXES | 1923 |
| UTILITIES | Electricity Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Canal, Water |
| WATER | Public |
| WATER ACCESS | OUTLET RIVER |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Canal Front, River Front, Lake Front |
MORTGAGE CALCULATOR
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Listing provided by Rose Railey, B & K REAL ESTATE & PROPERTY MANAGEMENT PA, 813-368-4568
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 1/2/26 5:25 AM PST.
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