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(813) 710-6443 Stephanie@KeysToCastles.com
  • 26929 Coral Vine Lane
    Wesley Chapel, FL 33544
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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Stephanie LeFew | Keys To Castles Group

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Withlacoochee Lakeside Community

About Lake Panasoffkee, FL

Welcome to Lake Panasoffkee, a Sumter County community on a spring-fed lake that feeds the Withlacoochee River, known for fishing and its quiet Florida setting.

Lake Panasoffkee is a census-designated place in Sumter County, in central Florida, taking its name from the lake that defines the community. It lies in the gently rolling countryside of west-central Florida, near the Withlacoochee River and just off Interstate 75, roughly midway between the Orlando and Tampa regions. The county seat of Bushnell is a short drive to the east, and the large retirement community of The Villages lies to the northeast. The lake itself is the community's centerpiece. Lake Panasoffkee is a natural, spring-fed body of water covering about 4,460 acres, unusual for its shallow depth, which seldom exceeds four feet. On its western side the lake connects to the Withlacoochee River, a waterway that flows roughly 157 miles to the Gulf of Mexico. Those shallow, productive waters have made the lake a long-standing fishing destination, particularly for bluegill and red-ear sunfish, known locally as shellcracker, along with largemouth bass. The community that grew up around the lake has long had a water-oriented, seasonal character. Its economy and identity are tied to fishing, boating, and the Withlacoochee River corridor, with residential areas spreading along the lake's edges and the nearby highways. The surrounding region is a mix of pasture, forest, and river bottomland. Today Lake Panasoffkee serves as a quiet, water-centered community. Its position along Interstate 75 gives residents and visitors convenient access to central Florida's larger cities, while the lake and river keep the area tied to the outdoors. Public schools are provided by the Sumter County School District, and nearby Bushnell and Wildwood supply everyday services. The area's rural character and its location between the state's larger metropolitan areas give it a relaxed pace that contrasts with the busier towns and growing retirement communities nearby.

Population 4,072
County Sumter County
Active Listings 78
Browse by Listing Type
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homeHouses apartmentCondos & Apartments holiday_villageTownhouses & Duplexes crop_landscapeLots & Land parkFarms & Ranches

Frequently Asked Questions

What county is Lake Panasoffkee in?

Lake Panasoffkee is in Sumter County, in central Florida. It is a census-designated place located on the lake of the same name, near Interstate 75, the Withlacoochee River, and the county seat of Bushnell.

What is Lake Panasoffkee like?

Lake Panasoffkee is a natural, spring-fed lake of about 4,460 acres. It is unusually shallow, with depths seldom exceeding four feet, and it connects to the Withlacoochee River, which flows about 157 miles to the Gulf of Mexico.

What fishing is Lake Panasoffkee known for?

Lake Panasoffkee is known for bluegill and red-ear sunfish, or shellcracker, fishing, with anglers drawn to its shallow, productive waters. The lake and the Withlacoochee River also support bass and other freshwater species.

How is Lake Panasoffkee accessed?

The community sits near Interstate 75, providing convenient access to central Florida and the Tampa and Orlando regions, while U.S. Route 301 runs through the area toward nearby Bushnell and Wildwood.

City Guide

About Lake Panasoffkee

Real Estate & Housing

Lake Panasoffkee's housing stock reflects its identity as a lakeside and river community. The area includes waterfront homes along the lake and canals, modest single-family houses, and a notable share of manufactured and mobile homes on larger rural lots. Properties range from older Florida ranch houses to newer construction, and many residents value direct water access for fishing and boating. The market is generally more accessible than in the nearby planned retirement communities, and the community's spread-out, semi-rural layout gives many properties a degree of space and privacy.

Neighborhoods

Lake Panasoffkee is not organized around a traditional downtown grid but instead spreads along the lake's edges, the Withlacoochee River, and the U.S. Route 301 and Interstate 75 corridors. Residential areas are interspersed with pasture, woods, and river bottomland, giving the community a loose, semi-rural pattern rather than distinct named neighborhoods. Waterfront streets and canal-side lots cluster near the lake, while other homes sit back on larger parcels. This spread-out character defines the community and sets it apart from the denser towns to the north and east.

Lifestyle in Lake Panasoffkee

Lake Panasoffkee offers a quiet, water-oriented lifestyle in rural central Florida. Fishing, boating, and time on the lake and river anchor daily recreation, and the community's pace is relaxed compared with the larger towns and retirement communities nearby. Local services are modest, with residents traveling to Bushnell, Wildwood, or The Villages for shopping and healthcare. The area's mix of waterfront homes, river bottomland, and open pasture gives it a distinctly rural character, while Interstate 75 keeps the rest of central Florida within easy reach for those seeking a low-key base.

Schools & Education

Public education in Lake Panasoffkee is provided by the Sumter County School District, which serves the community and the rest of Sumter County. Students attend the district's elementary, middle, and high schools, with the nearest campuses in the Bushnell and Wildwood areas. The district's small, countywide scale gives it a community-oriented character. For higher education, Withlacoochee Technical College and nearby institutions, along with community colleges in the surrounding region, provide vocational and academic options within driving distance.

Getting Around

Lake Panasoffkee sits just off Interstate 75, which provides north-south access to the Tampa Bay and Orlando regions, making the community convenient for regional travel. U.S. Route 301 runs through the area, connecting it to Bushnell, Wildwood, and the surrounding countryside, and State Road 470 provides additional local access. The Florida Turnpike lies to the east, and Orlando and Tampa international airports are each within roughly an hour's drive. The community's highway access is a significant part of its appeal for commuters and seasonal residents.

Parks & Recreation

Lake Panasoffkee's recreation centers on the water. The lake's shallow, productive waters support bluegill, shellcracker, and bass fishing, drawing anglers from across the region, while the Withlacoochee River offers additional boating and paddling through bottomland forest. Public boat ramps and fishing access serve the lake's shoreline. The surrounding countryside offers birding and rural scenery, and the Withlacoochee State Forest lies nearby with trails and hunting. The area's combination of lake, river, and forest makes it a year-round outdoor recreation destination in central Florida.

MARKET SNAPSHOT

The Market at a Glance

How homes have been selling here over the last 90 days.

home_work New This Week 4
Went Under Contract 0
trending_down Price Reductions 0
payments Median Sale Price $200,000 -13.8%
square_foot Price per Sq Ft $131
schedule Avg Days on Market 101
sell Homes Sold 11
percent Sale-to-List Ratio 90.0%
inventory_2 Months of Inventory 8.1

Price & Sales History

Market data reflects closed sales over the last 90 days and is provided for informational purposes.

Zip Codes

BROWSE BY ZIP

Browse listings by postal code in this area.

000003 homes for saleMedian sale$370KPer sq ft$199 sales in the last 90 days
0060225 homes for saleMedian sale$417.5KPer sq ft$3124 sales in the last 90 days
0060318 homes for saleMedian sale$235KPer sq ft$7273 sales in the last 90 days
0061228 homes for saleMedian sale$160KPer sq ft$1685 sales in the last 90 days
0062358 homes for saleMedian sale$240KPer sq ft$19214 sales in the last 90 days
006418 homes for saleMedian sale$262KPer sq ft$1762 sales in the last 90 days
00646139 homes for saleMedian sale$1.5MPer sq ft$59625 sales in the last 90 days
0066239 homes for saleMedian sale$463KPer sq ft$2939 sales in the last 90 days
0067422 homes for saleMedian sale$190KPer sq ft$1293 sales in the last 90 days
0067798 homes for saleMedian sale$508KPer sq ft$37517 sales in the last 90 days
0068030 homes for saleMedian sale$143KPer sq ft$1345 sales in the last 90 days
0069232 homes for saleMedian sale$345KPer sq ft$20613 sales in the last 90 days
View All Zip Codes
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1351 CR 482N For Sale
$339,000
1351 CR 482NLake Panasoffkee, FL 33538
  • 3 bd
  • 2 ba
  • 2348 sqft
  • Built 1980
  • MFRO6434403
1965 CR 439D For Sale
$224,900
1965 CR 439DLake Panasoffkee, FL 33538
  • 2 bd
  • 2 ba
  • 1470 sqft
  • Built 2005
  • MFRO6432667
4027 C 470 For Sale
$749,000
4027 C 470Lake Panasoffkee, FL 33538
  • 4 bd
  • 2 ba
  • 3084 sqft
  • Built 2007
  • MFRGC542795
1056 CR 463 For Sale
$249,900
1056 CR 463Lake Panasoffkee, FL 33538
  • 2 bd
  • 1.5 ba
  • 1094 sqft
  • Built 1974
  • MFRG5116447
937 COUNTY ROAD 481W For Sale
$149,000
937 COUNTY ROAD 481WLake Panasoffkee, FL 33538
  • 2 bd
  • 1 ba
  • 616 sqft
  • Built 1964
  • MFRG5116339
1218 CR 450 For Sale
$275,000
1218 CR 450Lake Panasoffkee, FL 33538
  • 3 bd
  • 2 ba
  • 1896 sqft
  • Built 1978
  • G5115772
2886 C 470 For Sale
$425,000
2886 C 470Lake Panasoffkee, FL 33538
  • 2 bd
  • 1 ba
  • 1264 sqft
  • Built 1978
  • MFRG5115539
1880 CR 422 For Sale
$136,000
1880 CR 422Lake Panasoffkee, FL 33538
  • 3 bd
  • 2 ba
  • 1896 sqft
  • Built 1960
  • D6147923
4136 CR 400 For Sale
$365,000
4136 CR 400Lake Panasoffkee, FL 33538
  • 3 bd
  • 2 ba
  • 1872 sqft
  • Built 1962
  • O6418508
2345 CR 453 For Sale
$234,900
2345 CR 453Lake Panasoffkee, FL 33538
  • 3 bd
  • 3 ba
  • 2030 sqft
  • Built 1963
  • OM726925
1381 CR 446A For Sale
$284,900
1381 CR 446ALake Panasoffkee, FL 33538
  • 2 bd
  • 2 ba
  • 2106 sqft
  • Built 1989
  • G5113395
1141 COUNTY ROAD 457 For Sale
$203,000
1141 COUNTY ROAD 457Lake Panasoffkee, FL 33538
  • 3 bd
  • 1 ba
  • 1848 sqft
  • Built 1978
  • G5113351
4885 CR 307 For Sale
$689,000
4885 CR 307Lake Panasoffkee, FL 33538
  • 4 bd
  • 3 ba
  • 3718 sqft
  • Built 2006
  • G5113305
951 CR 453 For Sale
$220,500
951 CR 453Lake Panasoffkee, FL 33538
  • 2 bd
  • 1 ba
  • 1208 sqft
  • Built 1959
  • W7886067
2472 CR 447 For Sale
$264,900
2472 CR 447Lake Panasoffkee, FL 33538
  • 3 bd
  • 2 ba
  • 8034 sqft
  • Built 1995
  • G5112792
4232 COUNTY ROAD 400 For Sale
$625,000
4232 COUNTY ROAD 400Lake Panasoffkee, FL 33538
  • 4 bd
  • 3 ba
  • 3871 sqft
  • Built 1979
  • G5112404
664 CR 467 For Sale
$420,000
664 CR 467Lake Panasoffkee, FL 33538
  • 4 bd
  • 2 ba
  • 2357 sqft
  • Built 1970
  • G5110029
1198 CR 464 For Sale
$190,000
1198 CR 464Lake Panasoffkee, FL 33538
  • 1 bd
  • 1 ba
  • 1232 sqft
  • Built 1958
  • TB8487387
1314 CR 443 For Rent
$1,475
1314 CR 443Lake Panasoffkee, FL 33538
  • 2 bd
  • 2 ba
  • 973 sqft
  • Built 1983
  • G5109624
645 CR 485A For Sale
$349,900
645 CR 485ALake Panasoffkee, FL 33538
  • 2 bd
  • 2 ba
  • 900 sqft
  • Built 2024
  • G5107935
2346 CR 401 For Sale
$220,000
2346 CR 401Lake Panasoffkee, FL 33538
  • 3 bd
  • 2 ba
  • 1331 sqft
  • Built 1966
  • OM717040
853 CR 484 For Sale
$172,000
853 CR 484Lake Panasoffkee, FL 33538
  • 3 bd
  • 2 ba
  • 930 sqft
  • Built 1973
  • G5106286
2436 CR 416N For Sale
$1,800,000
2436 CR 416NLake Panasoffkee, FL 33538
  • 3 bd
  • 2 ba
  • 3500 sqft
  • Built 1994
  • G5100415
2693 CR 426F For Sale
$65,000
2693 CR 426FLake Panasoffkee, FL 33538
  • 2 bd
  • 1 ba
  • 632 sqft
  • Built 1997
  • G5099790
876 CR 467 For Sale
$379,500
876 CR 467Lake Panasoffkee, FL 33538
  • 3 bd
  • 2 ba
  • 2678 sqft
  • Built 2015
  • MFRG5099469
4255 CR 309 For Sale
$289,900
4255 CR 309Lake Panasoffkee, FL 33538
  • 4 bd
  • 2 ba
  • 2164 sqft
  • Built 1979
  • G5076421
26

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