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$580,000

16040 PENWOOD DRIVE, TAMPA, FL 33647

3D Tour
Active84 days on market

Beds

5

Baths

3

Sq Ft

2,135 sq ft

Year Built

1989

Lot Size

0.20 acres

Garage

3

About This Property

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.

Property Overview

Property TypeResidential
Sub TypeSingle Family Residence
MLS #TB8532133
StatusActive
Year Built1989
Stories1
Total Rooms7
ConstructionBlock, Stucco
RoofShingle
FoundationSlab
FacesSouth
SubdivisionTAMPA PALMS UNIT 3C
CountyHillsborough
OwnershipFee Simple

Interior Features

InteriorBuilt-in Features, Ceiling Fan(s), High Ceilings, Stone Counters, Window Treatments
FlooringPorcelain Tile
AppliancesDishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water Filtration System, Water Softener
LaundryInside, Laundry Room
WindowsShades
CoolingCentral Air
HeatingCentral, Electric

Exterior & Lot

ExteriorLighting, Sidewalk
Lot Size0.20 acres (8,800 sq ft)
Lot Dimensions80 x 110
Road SurfaceAsphalt
ViewWater

Pool & Spa

Private PoolYes
Pool FeaturesIn Ground

Waterfront

WaterfrontYes
FeaturesPond

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesPublic

Parking

GarageYes (3 spaces)

HOA & Community

HOAYes
HOA Fee$332 / Annually
Senior CommunityNo

Financial Details

List Price$580,000
Original Price$639,000
Annual Taxes$8,832 (2025)
FinancingCash, Conventional, FHA, Other, VA Loan
ZoningPD
Parcel #A3527191DZ00000400009.0

Schools

ElementaryTampa Palms-HB
MiddleLiberty-HB
HighFreedom-HB

Directions

Turn left onto Bruce B Downs Blvd, turn right onto Tampa Palms Blvd, turn right onto Penwood Dr.

Location

16040 PENWOOD DRIVE, TAMPA, FL 33647

Listing Information

OfficeKELLER WILLIAMS TAMPA PROPERTIES
ListedJuly 23, 2026

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Preferred Time

Scheduling is free, and you can cancel anytime.

Home Price

$580,000

20% ($116,000)
6.75%

Loan Term

Principal & Interest$3,009
Property Tax (est.)$532
Insurance (est.)$150
Total Monthly$3,691
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Nearby Schools

How to Buy This Home

Multiple financing options available for this $580,000 home in TAMPA.

🏛️

FHA Loan

$20,300 Down

Government-backed, low down payment. Credit scores as low as 580.

🎖️

VA Loan

$0 Down

Zero down for eligible veterans, active duty, and military families.

🏦

Conventional

$29,000 Down

Traditional financing. As low as 3-5% down with good credit.

Florida Down Payment Assistance Programs

You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.

Florida Hometown Heroes

Up to $35,000

First-time buyers working in FL

FL Assist

Up to $10,000

FHA, VA, or USDA borrowers

FL HLP Second Mortgage

Up to $10,000

First-time buyers, 0% deferred

Hillsborough County SHIP

Varies

Income-qualifying Hillsborough residents

Can You Afford This Home?

Quick check based on the 28% debt-to-income rule. Not a guarantee — just a starting point.

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. 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 last updated: October 15, 2026.

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