557 County Road 487

LAKE PANASOFFKEE, FL
$ 284,500 Beds 3 Baths 2 Sq 1,396 Virtual Tour
Monthly Estimate* How much can I afford?

Under contract-accepting backup offers. Under Construction. Under Construction. Be the first to own this beautifully crafted 3-bedroom, 2-bathroom concrete block home offering 1,396 square feet of thoughtfully designed living space in Lake Panasoffkee. This open-concept floor plan features vaulted ceilings, luxury vinyl plank flooring throughout, recessed lighting, and abundant natural light, creating a bright and inviting living space. The spacious kitchen overlooks the living and dining areas and will feature granite countertops, stainless steel appliances, generous cabinet storage, and ample workspace, making it ideal for both everyday living and entertaining. The private primary suite features a tray ceiling, walk-in closet with sliding barn doors, and an en-suite bathroom complete with a beautifully tiled walk-in shower. Two additional bedrooms and a full guest bath provide comfortable accommodations for family or guests. Additional features include an inside laundry room, a one-car garage, covered front porch, sliding glass doors leading to the backyard, and a privacy fence for added enjoyment and seclusion. Situated on a 0.229-acre lot, this home combines modern finishes with the durability and efficiency of new construction in a convenient Lake Panasoffkee location. Estimated completion is approximately 1.5 months. Photos are of a previously completed home of the same floor plan and are provided for illustrative purposes only. Actual colors, finishes, materials, fixtures, and features may vary.

Pending

  • Price
  • $ 284,500
  • City
  • LAKE PANASOFFKEE
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • Sumter
  • Half Bathrooms
  • 0
  • Area
  • Lake Panasoffkee
  • Lot Size
  • 0.23 Acres
  • Zip
  • 33538
  • Sqr Footage
  • 1,396
  • Year Built
  • 2026
  • Taxes
  • $ 179
  • Style
  • Single Family Residence
  • MLS#
  • G5115070
Listed By: CONNIE MAHAN REAL ESTATE GROUP with 352-569-0233. - 352-569-0233
Data Source: Stellar MLS

Features

General

Sewer Septic Tank
Heating Central
Cooling Central Air
Utilities BB/HS Internet Available
Roof Shingle
Appliances Dishwasher,Microwave,Range,Refrigerator
Zoning R4C
Garage Spaces 1
Construction Materials Block
Year Built 2026
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
County Sumter
New Construction true
Property Type Residential
Attached Garage true
Subdivision Name MAGNOLIA MANOR
Facing Direction West
Garage Y/N true
Total Rooms 3
Full Baths 2
Status Pending
Directions Take I-75, Take exit 321 for CR-475 toward CR-470/Sumterville/Lk Panasoffkee, Take N County Rd 470/Sumter County Rd 470 E to Sumter County Rd 487 in Lake Panasoffkee(1.1 mile), Turn right onto Sumter County Rd 487 house will be on your right
City LAKE PANASOFFKEE
Senior Community Y/N false
MLS Area 33538 - Lake Panasoffkee
Lot Size Units Square Feet
Lot Size Square Feet 9995
Carport Y/N false
Listing Terms Conventional,FHA,USDA Loan,VA Loan
Land Lease Y/N false
Tax Annual Amount 179.1
Property Condition Under Construction
Additional Parcels Y/N false
Lease Considered Y/N true
Building Area Units Square Feet
Living Area Units Square Feet
Builder Name ALB Builder
Standard Status Active Under Contract
Occupancy Type Vacant
Tax Lot 5-6
Legal Description PER DEED
Minimum Lease No Minimum
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
In Law Suite YN false
Flood Zone Code X Yes
DockY/N false

Interior Features

Interior Amenities Ceiling Fan(s),High Ceilings,Open Floorplan,Split Bedroom,Stone Counters,Walk-In Closet(s)
Flooring Luxury Vinyl
Furnished Y/N Unfurnished
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Laundry Room
Total Bedrooms 3
LivingAreaSource Builder
Total Baths 2

Exterior Features

Exterior Amenities French Doors
Fencing Wood
Water Source Public
Lot Size Area 9995
Foundation Details Slab
Building Area Total 1844
Lot Size Acres 0.23
Road Surface Type Paved
Private Pool false
Waterfront Y/N false
Covered Spaces 1
Builder Model Model 2

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Cape Coral, FL office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/14/2026 Listed $284,500

Property vs Zip Code Average in 33538

Price
AVG $360K
$280K
Taxes
AVG $1,406
$179
Year Built
AVG 1980
2026

Areas That We Cover

557 County Road 487 LAKE PANASOFFKEE, FL is a Single Family Home for sale at $284500 with 1396 sqft and a lot size of 0.23 Acres Acre(s). 557 County Road 487 LAKE PANASOFFKEE has 3 bedrooms, 2 baths and was built in 2026. The property's zip code is 33538 which is in LAKE PANASOFFKEE, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.