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Located in Lake Panasoffkee, FL 33538, this unique multi-parcel offering presents a significant opportunity for waterfront development or a private family compound. Combined, the two properties (Parcel F30A042 and F30A036) provide approximately 208 feet of canal frontage and approximately 1. 66 total acres of land.
Property 1: 2377 NW 34th Place (. 77 Acres)
This parcel serves as the primary residential site with extensive marine infrastructure:
Main Residence: A stilt-style home featuring 2 bedrooms and 2 bathrooms. The layout includes two bedrooms and one bath on the upper level and a second bath downstairs in the Florida/laundry room area. The exterior requires maintenance to reach its full potential. Furnished
Secondary Structure: Includes the original one-bedroom, one-bathroom mobile home with a screened porch. While currently used for storage, it could be renovated into an in-law suite or guest cottage.
Waterfront Features: Fully equipped for a sportsman, featuring a private concrete boat ramp, a metal-roofed boat house, and a 9. 67' x 21. 25' composite dock. The dock terminates in a 9. 67' x 16' screened room complete with electricity, water, and a fish cleaning station.
Property 2: 2399 NW 34th Place (. 89 Acres)
This adjacent parcel offers additional living space and specialized utility:
Modular Home: A double-wide modular unit previously used as a rental. It contains 3 bedrooms, 2 bathrooms, an open living area, and a 22. 16' x 8. 83' family room. The structure needs significant clean-up and repair.
Outdoor Amenities: Features a concrete-based screened room across the back, a small laundry room, and two storage sheds.
Upgrades: A new lift station has been installed on this parcel.
Location and Potential
Nestled among various mature oak trees, these properties are ideal for those seeking a "waterfront sportsman's dream" with direct canal access. The dual-parcel setup offers flexible possibilities for rental income, multi-generational living, or complete site redevelopment
All measurements are approximate and must be confirmed by buyer or buyers agent.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $340,000 | $340,000 | $340,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.258% | 6.168% | 5.561% |
| Monthly Tax Payment | $160 | $160 | $160 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,957 | $2,036 | $2,733 |
| Total Monthly Payment | $2,192 | $2,271 | $2,968 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.