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Overview

5 bd3 ba2,135 sqft3 car garageSingle Family
TypeSingle Family
HOA$332/yr
Built1989
Lot8,800 sqft
Living area2,135 sqft
Price / sqft$281
Garage3 car

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Built-in FeaturesCeiling Fans(s)High CeilingsStone CountersWindow TreatmentsLightingSidewalkClubhouse

16040 Penwood Dr is a 1989-built home in Tampa Palms Unit 3c, Tampa. Inside you'll find 5 bedrooms, 3 bathrooms, and 2,135 square feet of living space. Listed at $599,000 (about $281/sqft), 81 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $332 annually.

From the listing

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. NO WALLPAPER. 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.

The essentials

Built
1989
Price / sqft
$281
On market
81 days
Annual tax
$8,832
HOA
$332/yr
Flood zone
X · Low risk
Lot
8,800 sqft
Type
Single Family Residence

At a glance

Single family
Built 1989
Waterfront
Pond
Private pool
In Ground
3 car garage
8,800 sqft lot
Lot size

Payment

Est. monthly payment
$4,188/mo
Down payment (20%)
$119,800
Property taxes
$736/mo
HOA
$332/yr
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
1989
Lot
8,800 sqft
Cooling
Central Air
Heating
Central, Electric
Parking
-
Pool
In Ground
Waterfront
Pond
Days on Market
81
Built-in Features
Ceiling Fans(s)
High Ceilings
Stone Counters
Window Treatments
Lighting
Sidewalk
Clubhouse
Deed Restrictions
Park
Playground
Pool
Sidewalks
Tennis Court(s)
Dishwasher
Dryer
Microwave
Range
Refrigerator
Washer
Water Filtration System
Water Softener
Elementary
Tampa Palms-HB
Middle
Liberty-HB
High
Freedom-HB

Districts can re-zone, so verify directly with the district before relying on these.

Homestead exemption on file In a CDD (Community Development District) Flood Zone X
Annual Tax (2025)
$8,832
Parcel #
A-35-27-19-1DZ-000004-00009.0

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Tampa Palms Unit 3c
County
Hillsborough
MLS Area
33647 - Tampa / Tampa Palms
Lot Size
8,800 sqft
HOA
$332/yr
Brian Koerber

Price history

Date
Event
Price
8/29/2026
Price change
Source: Stellar MLS #TB8532133
$599,000-6.3%
$281/sqft
7/23/2026
Listed for sale
Source: Stellar MLS #TB8532133
$639,000+136.7%
$299/sqft
5/10/2019
Sold
Source: Hillsborough County Public Record
$270,000
$126/sqft

Neighborhood

16040 Penwood Dr
Tampa, FL, 33647 · 33647 - Tampa / Tampa Palms

Market insights

Offer Insights

Choose an offer strength

List price: $599,000
$595,000 – $599,000
99.1% – 100% of listTops out right at the list price
80% of listList price
144 of the last 287 home closings in 33647 landed at this number or higher (50%). The median one sat 28 days before it went under contract, and this one is on day 81 after a $40,000 cut.

Sample: 287 closed home sales in 33647 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$4,188/mo
Principal & interest$3,124
Property taxes$736
Insurance$300
HOA$28
Down payment20% · $119,800
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA includes any condo dues reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$599,000

$281 per sq ft

Beds and baths

5 beds, 3 baths

Size

2,135 sq ft

Time on market

81 days

Year built

1989

Monthly payment

About $4,188/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $8,832 annual tax bill, insurance, and the $332/yr HOA fee.

HOA fee

$332/yr

Managed by Brian Koerber.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

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Have another question?

Brokered byKELLER WILLIAMS TAMPA PROPERTIESListing agent: Osmary AguilarListing data from Stellar MLS, MLS# TB8532133.

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