This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/79
$599,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/79
Property Description
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.
Full Property Details
Full Property Details for 16040 Penwood Dr
General
- Price: $599,000
- HOA FEE: $28/month
- HOA FEE FREQ.: Annually
- Taxes: $8,832 (2025)
- Status: Active
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: TB8532133
- Updated: 8/29/2026
- Added to Site: 51 day(s) ago
Rental Information
- Min. Lease: 6 Months
Interior
- Number of Rooms: 7
- Interior Features: Built-in Features, Ceiling Fan(s), High Ceilings, Stone Counters, Window Treatments
- Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water Filtration System, Water Softener
- Furnishings: Unfurnished
- Flooring: Porcelain Tile
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Inside, Laundry Room
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: In Ground
Exterior
- Exterior Features: Lighting, Sidewalk
- Deck/Patio: Covered, Patio, Screened
- Porch/Patio/Deck: Covered, Patio, Screened
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 3
- Covered Spaces: 3
Location
- Area: 33647 - Tampa / Tampa Palms
- County: Hillsborough
- Development Name: 33647 - Tampa / Tampa Palms
- Subdivision: TAMPA PALMS UNIT 3C
- Driving Directions: Turn left onto Bruce B Downs Blvd, turn right onto Tampa Palms Blvd, turn right onto Penwood Dr.
- Direction Faces: South
School Information
- Elementary School: Tampa Palms-HB
- Middle School: Liberty-HB
- High School: Freedom-HB
Community
- Community Name: 33647 - Tampa / Tampa Palms
- Community Features: Clubhouse, Deed Restrictions, Park, Playground, Pool, Sidewalks, Tennis Court(s)
- Association: Yes
- Assoc. Name: Brian Koerber
- Assoc. Fees Include: Maintenance Grounds, Recreational Facilities
- Number of Pets: 2
- Pet Restrictions: Please verify pet restrictions with HOA.
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public
Structural Information
- Exterior Const.: Block, Stucco
- Roof: Shingle
- Windows: Shades
- Stories/Levels: One
- Square Feet: 2,135
- Sq. Ft. Source: Public Records
- Year Built: 1989
Lot Features
- Property View: Water
- Lot Size (Acres): 0.2
- Lot Size (Sq. Ft.): 8,800
- Lot Size: 8800
- Lot Dimensions: 80 x 110
- Street/Road Desc.: Asphalt
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Pond
Financial Considerations
- Association Fee: $332
- Assoc Fee Freq.: Annually
- Assoc Fee Desc.: Required
- CDD: Yes
- Tax Amount: $8,832.37
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: TAMPA PALMS UNIT 3C LOT 9 BLOCK 4
- Flood Zone Info: X
- APN: A3527191DZ00000400009.0
- Property ID: A3527191DZ00000400009.0
- Block/Lot/Section: 4
Listed by Keller Williams Tampa Properties
Get Pre-Approved Today
Schools
Schools serving 16040 Penwood Dr
School District:Hillsborough County School District
| Name | Grades | Distance |
|---|---|---|
Tampa Palms Elementary School 6100 Tampa Palms Boulevard, Tampa, FL 33647 | PK-5 | 0.6 mi |
Liberty Middle School, Tampa, FL 17400 Commerce Park Boulevard, Tampa, FL 33647 | 6-8 | 2.5 mi |
Freedom High School, Tampa, FL 17410 Commerce Park Boulevard, Tampa, FL 33647 | 9-12 | 2.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 16040 Penwood Dr
Date
Details
Price
Change
Source
8/29/2026
Price Reduced
$599,000
-6.26%
MLS
7/23/2026
Listed
$639,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 16040 Penwood Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,832
7%
$404,620
3%
2024
$8,274
-12%
$394,196
-4%
2023
$9,411
44%
$411,771
49%
2021
$6,557
-12%
$276,311
-28%
2022
$7,447
14%
$384,499
61%
2021
$6,557
52%
$238,263
21%
2019
$4,300
1%
$197,649
2%
2018
$4,254
2%
$193,964
2%
2017
$4,190
3%
$189,975
2%
2016
$4,078
—
$186,068
1%
2015
$4,089
2%
$184,775
1%
2014
$3,998
—
$183,309
2%
2013
$4,001
—
$180,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 16040 Penwood Dr
16040 Penwood Drive, Tampa, FL 33647 (MLS# TB8532133) is a Single Family property with 5 bedrooms and 3 full bathrooms. 16040 Penwood Drive is currently listed for $599,000 and was received on July 23, 2026. Want to learn more about 16040 Penwood Drive? Do you have questions about finding other Single Family real estate for sale in Tampa Palms? You can browse all Tampa Palms real estate or contact a Coldwell Banker agent to request more information.

