16040 PENWOOD DRIVE, TAMPA, FL, 33647
Active16 days on marketListed Jul 23, 2026MLS #TB8532133
About this home
16040 PENWOOD DRIVE
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.
Facts & features
The home at a glance
5
Bedrooms
3
Bathrooms
2,135
Sqft
0.2 ac
Lot size
3
Garage
1989
Year built
One
Levels
$299
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$4,612 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$4,612/mo
Includes estimated PMI — it drops off once you reach 20% equity. 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 Tampa actives
$299 vs $301
Days on market
16 vs 42 typical
Where $299/sqft sits among the 400 Tampa actives
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 Tampa Palms
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Tampa. See the full Tampa guide →
Tampa Palms — neighborhood snapshot
Population
18,012
Median age
41
Median income
$141,130
Median home value
$413,399
Avg household
3
Households w/ children
2,062
For the school run
Hillsborough County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Tampa market
$413K → $439K
Tampa median sold, yr/yr
97.0%
Sale-to-list ratio (12 mo)
206 of 400
Tampa actives have cut their price
Median sold price, Tampa, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 73% above the TAMPA 33647 median. See the full Tampa market guide →
Paper trail
This home's history
Reality check
What actually sold near 16040 PENWOOD DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Sep ’25$403,000
6237 GREENWICH DRIVE · same community
4 bd · 2 ba · 2,234 sqft · $180/sqft · 98 DOM
Sold · Apr ’26$575,000
16005 PENWOOD DRIVE
4 bd · 2 ba · 2,200 sqft · $261/sqft · 6 DOM
Sold · Jul ’26$535,000
7873 TUSCANY WOODS DRIVE
4 bd · 2.5 ba · 2,274 sqft · $235/sqft · 6 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.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 16040 PENWOOD DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 16040 PENWOOD DRIVE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
16040 PENWOOD DRIVE FAQs
What would the monthly payment be for 16040 PENWOOD DRIVE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $4,612/mo — principal and interest, the actual property-tax bill, the $28/mo association fee 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.
How much are the HOA fees at 16040 PENWOOD DRIVE?+
The association fee works out to $28 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 16040 PENWOOD DRIVE?+
The most recent tax bill on record (2025) was $8,832. 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 16040 PENWOOD DRIVE?+
The listing reports pets: Yes. 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 Tampa?+
At $639,000, this home is listed about 42% above the Tampa median of $450,000. The market section on this page shows how the area is trending.
Which schools are assigned to 16040 PENWOOD DRIVE?+
Tampa Palms Elementary School (elementary), Liberty Middle School (middle), Freedom High School (high), Patricia Sullivan Metropolitan Ministries Partnership School (elementary) — Hillsborough County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of KELLER WILLIAMS TAMPA PROPERTIES · Osmary Aguilar. MLS #TB8532133.
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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