Homes for sale in
Lake Panasoffkee, Florida
Fishing country living an hour from two cities
39
Homes for sale
$220,000
Median list price
$207
Avg price / sqft
42
Median days on market
Lake Panasoffkee sits in the quiet middle of Sumter County, where the draw is the water itself — a spring-fed lake known for bass and bream, and a slow, outdoorsy pace that hasn't changed much. This is a place of waterfront homes and canal lots, manufactured and modular houses mixed among single-family builds, and land where you can put down roots without paying a Central Florida premium. Downtown Tampa and Orlando are both roughly 70 minutes out, so weekend trips are easy but daily life stays rural.
For buyers, this is one of the more affordable corners of the region. The median list price is $209,000 with plenty of inventory under that line, and homes sit for a median of 53 days, which gives you room to negotiate — sellers are averaging 93% of asking. Whether you want a single-family home or a piece of land to build on, you can browse by price and find real options well below the state median.
Lake Panasoffkee is in Sumter County, Florida.
Quick facts
$58,990 – $1.8M price range
1,152 sqft median home
$1,313/mo median rent
Leans seller right now
Drive times
Fresh on the market
Newest homes in Lake Panasoffkee
View all 39 homes →
$625,000
4232 COUNTY ROAD 400, LAKE PANASOFFKEE
4 bd · 3 ba · 2,821 sqft
$275,000
457 NW 5TH ROAD, LAKE PANASOFFKEE
3 bd · 2 ba · 1,863 sqft
$425,000
2886 N C 470, LAKE PANASOFFKEE
2 bd · 1 ba · 1,086 sqft
$79,000
3080 CR 417, LAKE PANASOFFKEE
2 bd · 2 ba · 784 sqft
$190,000
1198 CR 464, LAKE PANASOFFKEE
1 bd · 1 ba · 792 sqft
$275,000
1218 CR 450, LAKE PANASOFFKEE
3 bd · 2 ba · 1,548 sqft
$220,000
1924 CR 439C, LAKE PANASOFFKEE
2 bd · 1 ba · 766 sqft
$139,000
1129 NW 12TH LANE, LAKE PANASOFFKEE
2 bd · 2 ba · 784 sqft
$185,000
569 CR 486, LAKE PANASOFFKEE
3 bd · 2 ba · 1,310 sqft
$284,500
557 COUNTY ROAD 487, LAKE PANASOFFKEE
3 bd · 2 ba · 1,396 sqft
$195,000
3050 CR 418, LAKE PANASOFFKEE
4 bd · 2 ba · 1,700 sqft
$339,000
1351 CR 482N, LAKE PANASOFFKEE
3 bd · 2 ba · 1,916 sqft
39 of 39 active listings shown
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The numbers that matter
The Lake Panasoffkee market
Leans seller
5.0 months of inventory
Demand still outpaces supply, but buyers have a little more room.
91
Sold, last 12 months
$194,900
Median sold price
93%
Sale-to-list ratio
What sellers actually get vs asking
71 days
Median time to sell
Lake Panasoffkee vs Sumter County
Median list price
Price per sqft
Days on market
Median sold price — 3-yr, 3-mo rolling
▼ 23.0% yr/yr
Homes on the market
▼ 13.0% yr/yr
Homes sold per month
Live Stellar MLS data — listings and closed sales in Lake Panasoffkee, FL. Rolling medians smooth single-month swings in thin markets.
For the school run
School zones with homes for sale
Homes matched to official attendance boundaries — always verify zoning with the district.
Beyond the listings
Living in Lake Panasoffkee
Genuine waterfront value
Of 38 active listings, 12 are waterfront — a high share for a market where the median price is just $209,000.
Room to negotiate
Homes take a median 53 days to sell and sellers net about 93% of asking, so buyers have real leverage.
Affordable by any measure
With a median list of $209,000 and options starting under $60,000, this is one of Sumter County's lower-cost markets.
Almost no HOA burden
The median HOA runs just $3/month, meaning most homes here carry no meaningful association fees.
Mixed housing types
Single-family, manufactured, modular and mobile homes all trade here, widening the range of price points.
Population
4,525
Median age
48.9
Median income
$46,002
Median home value
$133,300
What people here are into
Hobbies & Interests
Top 14% in the U.S.Wanderlust
Always thinking about their next destination, this population loves exploring new places abroad or right in their own backyard. They hold onto past trips by sharing their favorite memories and pictures year round.
Hobbies & Interests
Top 15% in the U.S.Natural Beauty
This population marvels at the beauty of nature, and they want to capture every breath-taking scene.
Hobbies & Interests
Top 22% in the U.S.Engine Enthusiast
This population loves working on and showing off their cars, trucks and motorcycles. You can find them researching car shows and the hottest models on the lot.
Emotional
Gratitude
From generous tipping to standing ovations, this population has a way with giving someone a pat on the back.
Hobbies & Interests
Handcrafted
The only thing more beautiful than handmade decor? The hands that made it. This population appreciates the time and care put into one-of-a-kind pieces.
Lifestyles
Farm Culture
Do you know where your food comes from? These people do, and they want to share their love for farming and simple living with the community.
What it really costs
Owning here
Owning the median Lake Panasoffkee home
≈ $1,452/mo
$220,000 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
44%
In a FEMA flood zone
Ask about flood insurance early — it changes the payment
$1,313/mo
Median rent
2 homes for rent right now
Straight answers
Lake Panasoffkee real estate FAQs
Is Lake Panasoffkee a good place to live?+
It suits people who want a rural, water-oriented life within reach of two major metros — Tampa and Orlando are both about 70 minutes away. Assigned schools include Lake Panasoffkee Elementary, South Sumter Middle and South Sumter High. If you fish, boat, or just want space and quiet, it delivers that more than nightlife or shopping.
Is Lake Panasoffkee expensive?+
No — it's one of the more affordable markets in Sumter County, with a median list price of $209,000 and homes ranging from about $58,990 to $1,800,000. Median property tax is roughly $875 a year and the median HOA is just $3/month, so ongoing costs stay low.
What do homes cost in Lake Panasoffkee?+
The median list price is $209,000 and the average is about $198 per square foot on a median home size of 1,148 square feet. Over the last 12 months, 90 homes sold at a median price of $197,450, so buyers can find plenty under $200,000.
How is the market right now?+
There are 38 active listings and homes take a median of 53 days to sell, which is a comfortable pace for buyers. Sellers are averaging 93% of asking, so there's typically room to negotiate — it's worth watching just reduced listings for the best value.
What about HOA fees and property taxes?+
Costs here are notably low: the median HOA is just $3/month and there are no gated, golf, or 55+ communities driving up dues. Median property tax comes in around $875 a year, keeping overall carrying costs modest compared to much of Central Florida.
Keep exploring
Nearby areas
IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS. Market statistics are computed from listing and sold data and change as the market moves.
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