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16040 PENWOOD DRIVE

House For Sale
$639,000

BTC: 9.80362074

ETH: 335.84913594

9 days
Waterfront
5 bds
3 ba
2,135 sqft

Overview

Enjoy peaceful waterfront living in this 5-bedroom, 3-bathroom pool home with a 3-car garage, ideally situated on a scenic pond with no backyard neighbors in the highly sought-after Tampa Palms community. Beautiful landscaping and a grand double-door entry welcome you home, offering timeless curb appeal and an elegant introduction to the spacious interior. Inside, you'll find a thoughtfully designed floor plan offering generous living spaces, functional versatility, and an effortless flow ideal for both everyday living and entertaining. Abundant natural light fills the home, creating a warm and inviting atmosphere throughout the spacious living areas. The home has been extensively updated since 2019, featuring a remodeled interior, new windows installed throughout the home in 2019, upgraded pool equipment, and a water softener, along with thoughtful touches such as custom shades in every room for added comfort and privacy. The spacious dining area is perfect for gatherings and showcases a large all-granite dining table, creating an elegant space to host family and friends. Additional major improvements include a new roof installed in 2022 that is still under warranty, a new A/C condenser in 2023, a new dryer in 2024, and a new dishwasher. Beyond the living spaces, the backyard becomes an extension of the home. The screened-in pool and covered lanai overlook a peaceful pond, offering beautiful water views, exceptional privacy, and no backyard neighbors. Thoughtfully placed pool lighting creates the perfect ambiance for evening entertaining, whether you're hosting guests, enjoying a quiet night outdoors, or simply taking in the serene surroundings of your private Florida retreat. Living in Tampa Palms means enjoying one of New Tampa's premier communities, featuring miles of scenic walking and biking trails, five private parks, playgrounds, tennis and basketball courts, picnic areas, a heated junior Olympic community pool, clubhouse, fitness amenities, canoe access along the Hillsborough River, and beautifully maintained green spaces throughout the neighborhood. Golf enthusiasts will also appreciate the nearby Tampa Palms Golf & Country Club, offering championship golf, tennis, fitness, dining, and social memberships. Conveniently located just minutes from I-75, this home provides easy access to the University of South Florida, Moffitt Cancer Center, AdventHealth Tampa, the James A. Haley Veterans' Hospital, Wiregrass Mall, Tampa Premium Outlets, top-rated schools, restaurants, shopping, and countless parks and recreation options. Offering the perfect combination of location, lifestyle, and lasting value, this exceptional home is ready to welcome its next owners. Schedule your showing today and discover everything this Tampa Palms gem has to offer.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1989
Lot:
0.20 Acres
Heating:
Central / Electric
Price/sqft:
$299
Cooling:
Central Air
HOA:
$332

Valuation

Our model vs. what's actually selling nearby.
Estimate
$362,500
$262K – $589K
Confidence Low
List vs. estimate
$276K above estimate
List $639,000 · +76.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$299
+1.3% vs. city median $295
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$8,832
2025
HOA
$332/yr
Maintenance Grounds, Recreational Facilities
Pool
In Ground
View
Water
Waterfront
Pond
Garage
3 car garage
Pets
Allowed
All facts and features
  • Flooring

    • Porcelain Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Range

    • Refrigerator

    • Washer

    • Water Filtration System

    • Water Softener

    Other interior features

    • Built-in Features

    • Ceiling Fan(s)

    • High Ceilings

    • Stone Counters

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 5

    • Full bathrooms: 3

  • Property

    • Levels: One

    • Pool Private: Yes

    • Exterior Features: Lighting / Sidewalk

    Lot

    • Lot: 0.20 Acres

    Other Property Information

    • Parcel Number: A3527191DZ00000400009.0

    • Zoning: PD

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Public

  • Other financial information

    • HOA: $332

    • HOA Frequency: Annually

    • Annual tax amount: $8,832

  • Source details

    • MLS ID: TB8532133

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Laundry Features: Inside / Laundry Room

    • Patio And Porch Features: Covered / Patio / Screened

    • Pool Features: In Ground

    • Window Features: Shades

    • Direction Faces: South

    • Waterfront: Yes

    • Garage Spaces: 3

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 2135

    • Water Source: Public

    • Lot Size Dimensions: 80 x 110

    • Subdivision Name: TAMPA PALMS UNIT 3C

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: KELLER WILLIAMS TAMPA PROPERTIES