Kat Bonelli

748 CR 477A, LAKE PANASOFFKEE, FL, 33538

Active100 days on marketListed Apr 26, 2026MLS #OM723307

Priced 77% below the LAKE PANASOFFKEE 33538 medianReduced $1K

About this home

748 CR 477A

Ready for your Florida retreat or investment on this 0.279-acre canal-front lot in the Lake Panasoffkee area. Canal front lots are hard to come by! With no HOA, this homesite offers flexibility for your future plans, whether you are looking to build a primary residence, weekend getaway, or long-term investment property. Enjoy CANAL FRONTAGE with nearby lake access, plus a boat ramp in the neighboring community for easy days on the water. Lake Panasoffkee is known for boating, fishing, wildlife, and peaceful small-town living. The location also offers convenient access to CR 470, US-301, I-75, The Villages, Ocala, Orlando, and Tampa. Buyer to verify zoning, building requirements, utilities, canal/lake access, and any restrictions. Don’t miss the chance to secure your piece of Florida living!

Facts & features

The home at a glance

0.28 ac

Lot size

Pets allowed

Inside

Outside & construction

Community & fees

Taxes (2025)$574/yr
PetsYes

Utilities & systems

UtilitiesElectrical Nearby · Water Nearby
WaterSee Remarks

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.

$452 /mo · 3.5% down FHA, 30-yr fixed at 6%

Principal & interest$227
FHA mortgage insurance (est.)$17
Property tax — 2025 actual bill$48
Insurance (FL estimate)$160

The assumptions

Loan typeFHADown payment3.5% · $1,348Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.

These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type
Down payment3.5% · $1,348
Interest rate6.00%
Loan term

Estimated payment

$452/mo

Principal & interest$227
FHA mortgage insurance (est.)$17
Property taxes (actual bill)$48
Est. insurance$160

Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Where it sits

Inside Lake Panasoffkee

Map of 748 CR 477A

Drive times from this address

Downtown Orlando67 min
Downtown Tampa68 min
Universal Orlando69 min

Estimated driving times, typical traffic. Data © OpenStreetMap contributors.

Get to know Lake Panasoffkee. See the full Lake Panasoffkee guide →

LAKE PANASOFFKEE 33538 — neighborhood snapshot

Population

5,748

Median age

47.6

Median income

$48,951

Median home value

$157,200

Avg household

2.13

Households w/ children

692

For the school run

Sumter County School District

ElementaryLake Panasoffkee Elementary School★★★★★
MiddleSouth Sumter Middle School★★★★

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Lake Panasoffkee market

Seller’s marketBalanced5.3 months of inventoryBuyer’s market

$194K$169K

Lake Panasoffkee median sold, yr/yr

92.4%

Sale-to-list ratio (12 mo)

Median sold price, Lake Panasoffkee, trailing 36 months (3-month rolling) · live MLS data.

This home is listed 77% below the LAKE PANASOFFKEE 33538 median. See the full Lake Panasoffkee market guide →

Paper trail

This home's history

CurrentPrice reduced to $38,500 $1K
Apr 26, 2026Listed at $39,900 · 100 days on market since

Reality check

What actually sold near 748 CR 477A

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

1098 NW 7TH BOULEVARDSold · Oct ’25

$52,000

1098 NW 7TH BOULEVARD

2 bd · 1 ba · 552 sqft · $94/sqft · 155 DOM

1217 CR 440ASold · Feb ’26

$110,000

1217 CR 440A

1 bd · 1 ba · 624 sqft · $176/sqft · 180 DOM

1068 CR 461Sold · Nov ’25

$47,000

1068 CR 461

3 bd · 1.5 ba · 708 sqft · $66/sqft · 43 DOM

Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.

Your home team

The pros in your corner

Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.

Kat Bonelli

Your agent

Kat Bonelli

REALTOR® · CENTURY 21 Edge

Tours, negotiation, and every question about 748 CR 477A — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 748 CR 477A — before you fall in love.

See it in person

Schedule a tour

Pick a day that works — this goes straight to Kat's phone and CRM.

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Goes straight to Kat’s phone and CRM.

Straight answers

748 CR 477A FAQs

What would the monthly payment be for 748 CR 477A?+

With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $452/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.

What are the property taxes on 748 CR 477A?+

The most recent tax bill on record (2025) was $574. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

Are pets allowed at 748 CR 477A?+

The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.

How does the price compare to other homes in Lake Panasoffkee?+

At $38,500, this home is listed about 80% below the Lake Panasoffkee median of $189,000. The market section on this page shows how the area is trending.

Which schools are assigned to 748 CR 477A?+

Lake Panasoffkee Elementary School (elementary), South Sumter Middle School (middle) — Sumter County School District. Always verify school assignments with the district before relying on them.

The brief

Three things that matter here

01Under the LAKE PANASOFFKEE 33538 market on paper

$38,500 is 77% below the LAKE PANASOFFKEE 33538 median of $171,000.

02Strong assigned schools

Lake Panasoffkee Elementary School, South Sumter Middle School — South Sumter Middle School rates 4 of 5. Always verify assignments with the district.

03The price has already moved

Listed at $39,900, now $38,500 — a $1K cut. The full history is in the market section below.

Listing courtesy of HOMERUN REALTY · Madison Allen. MLS #OM723307.

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.

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