2396 N C 470, photo 1
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Overview

0 ba3,568 sqftMixed Use
TypeMixed Use
HOANone listed
Built1972
Lot88,000 sqft
Living area3,568 sqft
Price / sqft$266

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

2396 N C 470 is a 1972-built home Lake Panasoffkee. Listed at $950,000 (about $266/sqft), 270 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

Redevelopment site or Commercial Income Opportunity, Zoned Heavy Commercial. Local Iconic 3,784+/- SF Restaurant & Bar with a 35-year history of proven success. Turn-key, ALL F, F & E is included. Inventory list attached. Property has 400’+/- Ft of Hwy frontage with superior visibility and easy access. Two adjoining buildings totaling 3,784+/- SF. Site is an assemblage of 4 parcels, totaling 1.73+/- acres. Zoned Sumter County CH, heavy commercial. Restaurant has gross sales of just under a million and currently only open 4 days a week serving lunch and dinner until 8:00 pm giving the restaurant immense $$ growth potential. Highly desirable CH zoning includes many other potential uses including professional office, medical, or retail. This Central Florida location is minutes off I-75 exit # 321 and The Villages and less than an hour from Orlando, Ocala, or Tampa. The Villages with over 150,000+ residents and still growing is the largest single site golf community in the United States bringing opportunities and growth to local established businesses in a blending of old and new and bringing explosive growth to the area. The restaurants small community is famous for Lake Panasoffkee and great fishing. Home to many tournaments Lake Panasoffkee ("Valley of Water") is a beautiful spring fed lake covering almost 4,460+/- acres offering year-round fishing and activities. Known for good food, good people, music, and corn hole tournaments plus potential redevelopment opportunities make this property a “win-win” for an experienced restaurant owner or redevelopment. Do not disturb this operating business or question its employees. Sale is confidential. Financial data is available with an executed CA / Confidentiality Agreement. Shown by appointment only with listing agent. Wall décor and memorabilia do not convey. All information is believed accurate and correct but not guaranteed or warranted and subject to change without notice. We have the keys to your opportunity in the sunshine state!!

The essentials

Built
1972
Price / sqft
$266
On market
270 days
Annual tax
$4,950
Flood zone
X · Low risk
Lot
88,000 sqft
Type
Mixed Use

At a glance

Single family
Built 1972
1.73 acres
Lot size
3,568 sqft
Living area

Payment

Est. monthly payment
$5,842/mo
Down payment (20%)
$190,000
Property taxes
$412/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Mixed Use
Year Built
1972
Lot
88,000 sqft
Cooling
Central Air, Zoned
Heating
-
Parking
-
Days on Market
270
Flood Zone X
Annual Tax (2025)
$4,950
Parcel #
F32-017

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

County
Sumter
MLS Area
33538 - Lake Panasoffkee
Lot Size
88,000 sqft

Price history

Date
Event
Price
9/21/2026
Price change
Source: Stellar MLS #G5106723
$950,000-4.0%
$266/sqft
-
Price change
Source: Stellar MLS #G5106723
$990,000-17.5%
$277/sqft
1/13/2026
Listed for sale
Source: Stellar MLS #G5106723
$1,200,000
$336/sqft

Neighborhood

2396 N C 470
Lake Panasoffkee, FL, 33538 · 33538 - Lake Panasoffkee

Market insights

Offer Insights

Choose an offer strength

List price: $950,000
$875,000 – $950,000
92.3% – 100% of listTops out right at the list price
80% of listList price
21 of the last 40 home closings in 33538 landed at this number or higher (53%). The median one sat 42 days before it went under contract, and this one is on day 270 after a $250,000 cut.

Sample: 40 closed home sales in 33538 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$5,842/mo
Principal & interest$4,955
Property taxes$412
Insurance$475
Down payment20% · $190,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$950,000

$266 per sq ft

Size

3,568 sq ft

Time on market

270 days

Year built

1972

Monthly payment

About $5,842/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $4,950 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

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Have another question?

Brokered byERA GRIZZARD REAL ESTATEListing agent: Mona JodrayListing data from Stellar MLS, MLS# G5106723.

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