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16369 PALMETTO STREET

House For Sale
$329,000

BTC: 4.22797661

ETH: 137.08333333

21 days
3 bds
2 ba
1,685 sqft

Overview

Welcome to this beautifully maintained 3 bedroom, 2 bathroom Meritage home located in the desirable Lake Babcock neighborhood of Babcock Ranch. Situated on a peaceful pond lot with a fully fenced backyard, this home offers privacy, tranquil water views, and a west facing backyard that delivers breathtaking Florida sunsets every single evening. Surrounded by mature landscaping with no nearby new construction, you'll enjoy a quiet, established neighborhood that's becoming increasingly hard to find. Inside, you'll find luxury vinyl plank flooring throughout the main living areas, impact windows and doors, faux wood blinds, and an open floor plan designed for comfortable everyday living. The kitchen is equipped with upgraded stainless steel appliances, including a refrigerator and dishwasher, and the washer and dryer are also included, making this home truly move in ready. Relax on the welcoming front porch or unwind year round from the screened lanai while taking in spectacular sunset views across the pond. Built by Meritage Homes for energy efficiency and durability, this home is located in America's first solar powered town, known for its exceptional storm resiliency, elevated location, and lower than average homeowners insurance costs. Residents enjoy miles of walking and biking trails, parks, community pools, pickleball, tennis, kayaking, restaurants, shopping, live entertainment, and year round community events. This property also presents an excellent investment opportunity with outstanding long term rental potential. Whether you're looking for a primary residence, seasonal home, or investment property, this home offers exceptional value in one of Southwest Florida's fastest growing communities.

Location

Details

Type:
Residential
Parking:
Driveway / Electric Vehicle Charging Station(s) / Garage Door Opener
Year Built:
2020
Lot:
0.18 Acres
Heating:
Electric
Price/sqft:
$195
Cooling:
Central Air
HOA:
$296

Valuation

Our model vs. what's actually selling nearby.
Estimate
$424,250
$318K – $577K
Confidence Low
List vs. estimate
$95K below estimate
List $329,000 · -22.5%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$195
-11.2% vs. city median $220
Based on
8 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$7,216
2025
HOA
$296/mo
Community Pool, Internet, Recreational Facilities
View
Water
Garage
2 car garage
Pets
Allowed
All facts and features
  • Flooring

    • Carpet

    • Laminate

    Heating

    • Electric

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Electric Water Heater

    • Microwave

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Eating Space In Kitchen

    • Split Bedroom

    • Thermostat

    • Walk-In Closet(s)

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 2

  • Parking

    • Driveway

    • Electric Vehicle Charging Station(s)

    • Garage Door Opener

    Property

    • Levels: One

    • Exterior Features: Irrigation System / Rain Gutters / Sidewalk / Sliding Doors

    Lot

    • Lot: 0.18 Acres

    Other Property Information

    • Parcel Number: 422629323018

    • Zoning: BOZD

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • BB/HS Internet Available

    • Electricity Connected

    • Sewer Connected

    • Sprinkler Meter

    • Sprinkler Recycled

    • Street Lights

    • Underground Utilities

    • Water Connected

  • Other financial information

    • HOA: $296

    • HOA Frequency: Monthly

    • Annual tax amount: $7,217

  • Source details

    • MLS ID: C7529080

    Other facts

    • Construction Materials: Concrete

    • Foundation Details: Slab

    • Laundry Features: Inside / Laundry Room

    • Lot Features: Sidewalk

    • Window Features: Blinds / Insulated Windows / Storm Window(s) / Window Treatments

    • Direction Faces: East

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1685

    • Water Source: Private

    • Subdivision Name: BABCOCK RANCH COMMUNITY PH 1B1

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: EXP REALTY LLC