457 NW 5th Rd, photo 1
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Overview

3 bd2 ba1,863 sqftManufactured Home
TypeManufactured Home
HOANone listed
Built1998
Lot6,480 sqft
Living area1,863 sqft
Price / sqft$148

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Open house

Sunday, Oct 18 · 10:00 AM to 1:00 PM

About this home

Ceiling Fans(s)Eat-in KitchenHigh CeilingsOpen FloorplanSplit BedroomWalk-in Closet(s)Window TreatmentsStorage

457 NW 5th Rd is a 1998-built home in Magnolia Manor Add 02, Lake Panasoffkee. Inside you'll find 3 bedrooms, 2 bathrooms, and 1,863 square feet of living space. Listed at $275,000 (about $148/sqft), 51 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

WATERFRONT LIVING JUST 50 YARDS FROM LAKE PANASOFFKEE! Enjoy the best of Florida living in this beautifully maintained 3-bedroom, 2-bath triple-wide manufactured home offering 1,863 sq. ft. of spacious, light-filled living in a quiet neighborhood. Situated directly on a canal leading to Lake Panasoffkee, this move-in-ready home features a NEW ROOF, NEW luxury vinyl plank flooring, updated bathrooms and an abundance of windows that fill the home with natural Florida sunshine. The spacious living area features a cozy WOOD-BURNING FIREPLACE, while the large kitchen with center island provides plenty of room for family get-togethers, holiday gatherings and entertaining friends. With generous space for cooking, serving and gathering around the island, the kitchen truly becomes the heart of the home. The generously sized primary bedroom features a spacious ensuite bathroom with a large soaking tub—the perfect place to relax and unwind at the end of the day. Step outside to the LARGE SCREENED-IN BACK PORCH overlooking the canal, where you can sip your morning coffee, enjoy beautiful sunrises and relax during peaceful evenings by the water. Just approximately 50 yards away is Lake Panasoffkee, a 4,460-acre spring-fed lake known for its exceptional largemouth bass and panfish fishing—an ideal setting for those who love fishing, boating and the Florida outdoors. Enjoy the peaceful waterfront setting without giving up convenience! Located approximately 10 minutes from I-75 and only 20 minutes from The Villages, you'll have easy access to an incredible selection of dining, shopping, golf courses and entertainment. The convenient Central Florida location also provides an easy commute to Ocala, Leesburg, Tampa and Orlando, making it easy to enjoy everything the region has to offer while coming home to the peace and quiet of Lake Panasoffkee. Best of all, enjoy the freedom of NO HOA AND NO CDD FEES! A carport and two storage sheds provide additional space for vehicles, fishing gear and outdoor equipment. Whether you're searching for a full-time residence, seasonal retreat or waterfront getaway, this home offers an inviting combination of SPACE, COMFORT, UPDATES, CONVENIENCE and WATERFRONT LIVING. Bring your fishing poles, invite the family and start making memories on Lake Panasoffkee!

The essentials

Built
1998
Price / sqft
$148
On market
51 days
Annual tax
$669
Flood zone
AE
Lot
6,480 sqft
Type
Manufactured Home

At a glance

Manufactured home
Built 1998
Waterfront
Canal - Freshwater
6,480 sqft lot
Lot size
1,863 sqft
Living area

Payment

Est. monthly payment
$1,627/mo
Down payment (20%)
$55,000
Property taxes
$56/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Manufactured Home
Year Built
1998
Lot
6,480 sqft
Cooling
Central Air
Heating
Electric
Parking
-
Waterfront
Canal - Freshwater
Days on Market
51
Ceiling Fans(s)
Eat-in Kitchen
High Ceilings
Open Floorplan
Split Bedroom
Walk-in Closet(s)
Window Treatments
Storage
Built-in Oven
Cooktop
Dishwasher
Disposal
Electric Water Heater
Microwave
Refrigerator
Trash Compactor
Elementary
Lake Panasoffkee Elementary
Middle
South Sumter Middle
High
South Sumter High

Districts can re-zone, so verify directly with the district before relying on these.

Flood Zone AE
Annual Tax (2025)
$669
Parcel #
J09D009

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

Subdivision
Magnolia Manor Add 02
County
Sumter
MLS Area
33538 - Lake Panasoffkee
Lot Size
6,480 sqft
Flood Insurance RequiredFloodZoneStreet Dead-EndUnpaved

Price history

Date
Event
Price
8/28/2026
Listed for sale
Source: Stellar MLS #G5117067
$275,000
$148/sqft

Neighborhood

457 NW 5th Rd
Lake Panasoffkee, FL, 33538 · 33538 - Lake Panasoffkee

Market insights

Offer Insights

Choose an offer strength

List price: $275,000
$255,000 – $275,000
92.3% – 100% of listTops out right at the list price
80% of listList price
21 of the last 41 home closings in 33538 landed at this number or higher (51%). The median one sat 42 days before it went under contract, and this one is on day 51.

Sample: 41 closed home sales in 33538 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$1,628/mo
Principal & interest$1,434
Property taxes$56
Insurance$138
Down payment20% · $55,000
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

$275,000

$148 per sq ft

Beds and baths

3 beds, 2 baths

Size

1,863 sq ft

Time on market

51 days

Year built

1998

Monthly payment

About $1,627/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $669 annual tax bill, insurance.

Flood zone

Zone AE

That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.

Offer

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Brokered byFLAMINGO REAL ESTATE & MNGMTListing agent: April ConnollyListing data from Stellar MLS, MLS# G5117067.

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