Eric Chery
$365,000$375,0003 bd2 ba1,524 sqft$240 /sqft$2,635 /mo all-in ↓

4136 CR 400, LAKE PANASOFFKEE, FL, 33538

Active43 days on marketListed Jun 22, 2026MLS #O6418508

Reduced $10KWaterfrontSingle Family ResidenceIDLEWILD PARK

About this home

4136 CR 400

Lakefront, LAKEFRONT, 75 feet of lake frontage, your view is 1.02 miles across open water to undeveloped, protected land of Lake Panasoffkee Wildlife Management area. Stand on the dock and count the bluegill in the clear water. You are located on the north side of the lake, toward the center is lots of eel grass, fish the edges for big bass, across the lake is shell island – known for beds loaded with panfish. The lake is approximately 5 miles long running north to south and a mile east to west. When the water is up you can explore Little Jones Creek and find the springs. Head down Outlook River and go to the Withlacoochee River. It is a 141 mile river system that goes all the way to the Gulf of America. Parts of the River are OLD undeveloped Florida. Head south on the river and you will need extra gas to explore all the water. If the Wysong Lock is down you can make it all the way to Rainbow Springs. Lake Panasoffkee is a paradise for people that love the water, fishing, exploring and wildlife. Don’t forget the Wildlife Management Areas: 2 across the lake, Jumper Creek on the south side of town and 4 in neighboring Citrus County. This is paradise for outdoor lovers. The house is like a concrete bunker. It was built in the days when homes where built to last. Everything is stone solid. Bathrooms are original and in great shape. Kitchen appliances are original and do their job. Not like the modern stuff, spends thousands on a new frig and your replacing in a couple of years. Underneath the carpet are Terrazzo floors. Walls are plaster. Roof is metal and replaced in 2025, A/C replaced in May of 2025, paint was new in 2023, water tank was replaced in 23 – insurance companies will be ecstatic. The home is neat and clean, will cared for and ready for your decorating or up dating. If you are looking for a weekend paradise or winter paradise, hurry, hurry, hurry. This has a lot to offer for the price. This area is a hidden gem, other lakes are priced out of the common man’s budget. Hurry before this area gets discovered. Oops, I almost forgot about the location. Hwy 75 makes travel easy, 47 minutes to downtown Ocala or just over an hour to downtown Tampa, Orlando is 62 minutes away. You get to live in nature and be close to the city life. For local entertainment, shopping and dining it’s 20 to 25 minutes to Brownwood, Eastport or Middleton in the Villages. When the day is done, pour a glass of wine, walk down to your dock, and watch the evening sky come alive as birds glide across the lake heading to roost. It's the perfect way to unwind and enjoy peaceful lake life.

Facts & features

The home at a glance

3

Bedrooms

2

Bathrooms

1,524

Sqft

0.34 ac

Lot size

1962

Year built

One

Levels

$240

Per sqft

WaterfrontWater view

Inside

FlooringCarpet · Terrazzo
AppliancesRange · Refrigerator
InteriorLiving Room/Dining Room Combo · Primary Bedroom Main Floor
LaundryElectric Dryer Hookup · Inside · Laundry Room
CoolingCentral Air
HeatingCentral · Electric

Outside & construction

RoofMetal
ConstructionBlock
FoundationSlab
ViewWater
FacesWest
ParkingCovered · Driveway · Ground Level · Guest · Off Street · On Street
ExteriorPrivate Mailbox · Sliding Doors

Community & fees

Taxes (2025)$1,973/yr
PetsCats OK, Dogs OK

Utilities & systems

UtilitiesCable Available · Electricity Connected · Water Connected
WaterPublic

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.

$2,635 /mo · 3.5% down FHA, 30-yr fixed at 6%

Principal & interest$2,149
FHA mortgage insurance (est.)$161
Property tax — 2025 actual bill$164
Insurance (FL estimate)$160

The assumptions

Loan typeFHADown payment3.5% · $12,775Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

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

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type
Down payment3.5% · $12,775
Interest rate6.00%
Loan term

Estimated payment

$2,635/mo

Principal & interest$2,149
FHA mortgage insurance (est.)$161
Property taxes (actual bill)$164
Est. insurance$160

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.

$/sqft vs Lake Panasoffkee actives

$240 vs $167

Days on market

43 vs 53 typical

Where $240/sqft sits among the 39 Lake Panasoffkee actives

13
15
7 · this home
1
1
2
$64–134$134–205$205–275$275–345$345–416$416+

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

Map of 4136 CR 400

Drive times from this address

Downtown Orlando73 min

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

ElementaryLake Panasoffkee Elementary School★★★★★
MiddleSouth Sumter Middle School★★★★

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Lake Panasoffkee market

Seller’s marketBalanced5.3 months of inventoryBuyer’s market

$194K$169K

Lake Panasoffkee median sold, yr/yr

92.4%

Sale-to-list ratio (12 mo)

24 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 113% above the LAKE PANASOFFKEE 33538 median. See the full Lake Panasoffkee market guide →

Paper trail

This home's history

CurrentPrice reduced to $365,000 $10K
Jun 22, 2026Listed at $375,000 · 43 days on market since
1962Built · IDLEWILD PARK

Reality check

What actually sold near 4136 CR 400

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

248 SW 18th Ct, Miami FL 33135Sold · Mar ’26

$570,000

248 SW 18th Ct, Miami FL 33135 · same community

3 bd · 1 ba · 1,318 sqft · $432/sqft · 82 DOM

248 SW 18th Ct, Miami FL 33135Sold · Sep ’25

$400,000

248 SW 18th Ct, Miami FL 33135 · same community

2 bd · 1 ba · 1,318 sqft · $303/sqft · 109 DOM

1922 SW 3rd St, Miami FL 33135Sold · Jan ’26

$480,000

1922 SW 3rd St, Miami FL 33135 · same community

3 bd · 1 ba · 1,124 sqft · $427/sqft · 272 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.

Eric Chery

Your agent

Eric Chery

Real Estate Agent · CENTURY 21 Edge

Tours, negotiation, and every question about 4136 CR 400 — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 4136 CR 400 — before you fall in love.

See it in person

Schedule a tour

Pick a day that works — this goes straight to Eric's phone and CRM.

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Goes straight to Eric’s phone and CRM.

Straight answers

4136 CR 400 FAQs

What would the monthly payment be for 4136 CR 400?+

With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,635/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 4136 CR 400?+

The most recent tax bill on record (2025) was $1,973. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

Are pets allowed at 4136 CR 400?+

The listing reports pets: Cats OK, Dogs OK. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.

How does the price compare to other homes in Lake Panasoffkee?+

At $365,000, this home is listed about 93% above the Lake Panasoffkee median of $189,000. The market section on this page shows how the area is trending.

Which schools are assigned to 4136 CR 400?+

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.

The brief

Four things that matter here

01Positioned at the premium end

$365,000 runs 113% above the LAKE PANASOFFKEE 33538 median — but at 1,524 sqft it's also 32% larger than the typical Lake Panasoffkee listing.

02Waterfront living

This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.

03Strong assigned schools

Lake Panasoffkee Elementary School, South Sumter Middle School — South Sumter Middle School rates 4 of 5. Always verify assignments with the district.

04The price has already moved

Listed at $375,000, now $365,000 — a $10K cut. The full history is in the market section below.

Listing courtesy of XCELLENCE · Levi Salmans. MLS #O6418508.

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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4136 CR 400, LAKE PANASOFFKEE, FL — 3 Bed, 2 Bath — $365,000 | CENTURY 21 Edge