NOT LISTED FOR SALE

965 Cr 439 Lake Panasoffkee, FL 33538

-- Bed
-- Bath
-- Sq Ft
2.62 Acres

Last Sold January 29, 2020

Last sale price $650,000

1,063 Days on Market

Highlights

  • 114,232 Feet of Waterfront
  • Parking available for a boat
  • Oak Trees
  • Boat Ramp
  • Boat Slip Deeded
  • Lake View

About This Home

As of January 2020

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.

Last Agent to Sell the Property

Brian Herron

ALL FLORIDA REALTY & AUCTION C License #0602041 Listed on: 01/09/2017

Last Buyer's Agent

Brian Herron

ALL FLORIDA REALTY & AUCTION C License #0602041 Listed on: 01/09/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,717

Year Built

  • Built in 2004

Lot Details

  • 2.62 Acre Lot
  • Lot Dimensions are 218x524
  • 114,232 Feet of Waterfront
  • Lake Front
  • Street terminates at a dead end
  • Mature Landscaping
  • Oak Trees
  • Additional Parcels

Property Views

  • Lake Views

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Block Exterior
  • Siding

Parking

  • Driveway
  • Parking available for a boat

Outdoor Features

  • Access To Lake
  • Fishing Pier
  • Seawall
  • Boat Slip Deeded
  • Deck
  • Covered patio or porch
  • Outdoor Grill

Utilities

  • Zoned Heating and Cooling
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 12 Buildings
  • 11 Units

Recreation

  • Boat Ramp
  • Boat Dock
  • Community Boat Slip

Pet Policy

  • Pets Allowed

Building Details

  • Gross Income $312,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,717

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Block, Siding, Wood Frame
  • Lot Size Acres: 2.62
  • New Construction: No
  • Year Built: 2004
  • Lot Size Sq Ft: 114232
  • Number Of Lots: 1
  • Directions to Property: I 75 north to exit 321 west to Sunoco Station turn right go straight to Lake.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4173806&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4173806&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: No
  • Total Acreage: 2 to less than 5
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Subdivision Num: none
  • Ratio: Close Price\List Price: 0.86678
  • Close to Original List Price Ratio: 0.52
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2018
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 965
  • Number Of Buildings: 12
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Outdoor Grill
  • Roof: Shingle
  • Pool Private: No
  • Road Frontage Type: Street Dead-End
  • View: Water
  • Water Body Name: Lake Panasoffkee
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch, Screened
  • Road Surface Type: Paved
  • Water View: Lake
  • Water Access: Lake
  • Water Extras: Dock - Slip Deeded On-Site, Fishing Pier, Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 114232
  • Water Frontage Feet Lake: 114232

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Boat, Driveway, None
  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected
  • Cooling: Central Air, Zoned
  • Heating: Central, Electric
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Sidewalk, Water Access, Waterfront Complex
  • Association Amenities: Boat Slip, Boat Dock, Private Boat Ramp
  • Association: No
  • Senior Community: No
  • Deposits Y N: Yes
  • Association Fee Requirement: None

Lot Info

  • Zoning: 5005, 5252
  • Parcel Number: J04001
  • Additional Parcels: Yes
  • Lot Features: In County, Sidewalk
  • Lot Dimensions: 218x524
  • Flood Zone Code: 5005, 5252
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Pet Restrictions: 0

Multi Family

  • Gross Income: 312000
  • Number Of Units Total: 11
  • Waterfront Features: Lake

Tax Info

  • Tax Annual Amount: 3717
  • Tax Block: 0
  • Tax Book Number: 185 PG 662

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2020 01/29/20 Sold $650,000 -13.3% --
12/09/2019 12/09/19 Pending -- -- --
07/22/2019 07/22/19 Price Changed $749,900 -11.8% --
02/28/2019 02/28/19 Price Changed $849,900 -5.0% --
10/11/2018 10/11/18 Price Changed $895,000 -10.1% --
08/13/2018 08/13/18 Price Changed $995,000 0.0% --
08/13/2018 08/13/18 For Sale $995,000 +53.1% --
06/02/2018 06/02/18 Off Market $650,000 -- --
03/07/2018 03/07/18 Price Changed $1,150,000 -11.5% --
03/07/2018 03/07/18 For Sale $1,300,000 +100.0% --
02/01/2018 02/01/18 Off Market $650,000 -- --
08/01/2017 08/01/17 Price Changed $1,300,000 +4.0% --
01/09/2017 01/09/17 For Sale $1,250,000 -- --
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2020

    Brian Herron

    ALL FLORIDA REALTY & AUCTION C

See All Agents

Map

Source: Stellar MLS

MLS Number: A4173806

Stellar MLS

Florida Sumter County Lake Panasoffkee 33538

965 Cr 439, Lake Panasoffkee, FL

This home is located at 965 Cr 439, Lake Panasoffkee, FL 33538 since 09 January 2017. This property was built in 2004. 965 Cr 439 is a home located in Sumter County with nearby schools including Lake Panasoffkee Elementary School, South Sumter Middle School, and South Sumter High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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