557 COUNTY ROAD 487, LAKE PANASOFFKEE, FL, 33538
Active19 days on marketListed Jul 14, 2026MLS #G5115070
About this home
557 COUNTY ROAD 487
Under Construction. Under Construction. Be the first to own this beautifully crafted 3-bedroom, 2-bathroom concrete block home offering 1,396 square feet of thoughtfully designed living space in Lake Panasoffkee. This open-concept floor plan features vaulted ceilings, luxury vinyl plank flooring throughout, recessed lighting, and abundant natural light, creating a bright and inviting living space. The spacious kitchen overlooks the living and dining areas and will feature granite countertops, stainless steel appliances, generous cabinet storage, and ample workspace, making it ideal for both everyday living and entertaining. The private primary suite features a tray ceiling, walk-in closet with sliding barn doors, and an en-suite bathroom complete with a beautifully tiled walk-in shower. Two additional bedrooms and a full guest bath provide comfortable accommodations for family or guests. Additional features include an inside laundry room, a one-car garage, covered front porch, sliding glass doors leading to the backyard, and a privacy fence for added enjoyment and seclusion. Situated on a 0.229-acre lot, this home combines modern finishes with the durability and efficiency of new construction in a convenient Lake Panasoffkee location. Estimated completion is approximately 1.5 months. Photos are of a previously completed home of the same floor plan and are provided for illustrative purposes only. Actual colors, finishes, materials, fixtures, and features may vary.
Facts & features
The home at a glance
3
Bedrooms
2
Bathrooms
1,396
Sqft
0.23 ac
Lot size
1
Garage
2026
Year built
One
Levels
$204
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$1,976 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$1,976/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
−1.8%
$/sqft vs Lake Panasoffkee actives
$204 vs $167
Days on market
19 vs 36 typical
Where $204/sqft sits among the 39 Lake Panasoffkee actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Lake Panasoffkee
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Lake Panasoffkee. See the full Lake Panasoffkee guide →
LAKE PANASOFFKEE 33538 — neighborhood snapshot
Population
5,748
Median age
47.6
Median income
$48,951
Median home value
$157,200
Avg household
2.13
Households w/ children
692
For the school run
Sumter County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Lake Panasoffkee market
$215K → $212K
Lake Panasoffkee median sold, yr/yr
92.8%
Sale-to-list ratio (12 mo)
25 of 39
Lake Panasoffkee actives have cut their price
Median sold price, Lake Panasoffkee, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 65% above the LAKE PANASOFFKEE 33538 median. See the full Lake Panasoffkee market guide →
Paper trail
This home's history
Reality check
What actually sold near 557 COUNTY ROAD 487
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Mar ’26$285,000
3003 CHASEWOOD DRIVE · same community
3 bd · 2 ba · 1,358 sqft · $210/sqft · 86 DOM
Sold · Feb ’26$200,000
7922 APPLE BLOSSOM DRIVE · same community
3 bd · 2 ba · 1,233 sqft · $162/sqft · 3 DOM
Sold · Jul ’26$250,700
7967 APPLE BLOSSOM DRIVE · same community
3 bd · 2 ba · 1,601 sqft · $157/sqft · 21 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 557 COUNTY ROAD 487 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 557 COUNTY ROAD 487 — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
557 COUNTY ROAD 487 FAQs
What would the monthly payment be for 557 COUNTY ROAD 487?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,976/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 557 COUNTY ROAD 487?+
The most recent tax bill on record (2025) was $179. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Lake Panasoffkee?+
At $284,500, this home is listed about 50% above the Lake Panasoffkee median of $190,000. The market section on this page shows how the area is trending.
Which schools are assigned to 557 COUNTY ROAD 487?+
Lake Panasoffkee Elementary School (elementary), South Sumter Middle School (middle) — Sumter County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of CONNIE MAHAN REAL ESTATE GROUP · Marissa Perea. MLS #G5115070.
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.
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