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Property for sale at 16040 PENWOOD DRIVE, TAMPA, FL, 33647
Property for sale at 16040 PENWOOD DRIVE, TAMPA, FL, 33647
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16040 Penwood DriveTampa, FL, 33647

5beds
3baths
2,135sqft
Single Family Residence
Built in 1989
$332 Annually HOA Fee
$599,000
For sale
$639,000−$40,000 (6%)Reduced Aug 29, 2026
Price per sqft
$281
Days on market
76
Listed Jul 24, 2026
MLS #TB8532133Updated Oct 3, 2026

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.

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Property details

Property type
Single Family Residence
Street address
16040 Penwood Drive
City
Tampa
State
FL
ZIP code
33647
Year built
1989
New construction
No
Faces
South
Rooms
7
Building stories
1
Living area
2,135 sqft
Total building area
3,048 sqft
Levels
One

Stellar MLSThe data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; the availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.Stellar (MFR) data last updated at October 8, 2026 at 4:01 AM EDT

Price & sale history

Asking price reduced by $40,000 (6.3%) since first listed.

EventPrice
Price reducedMLS #TB8532133$599,000Change: −6.3%−$40,000
Listed for saleMLS #TB8532133$639,000
SoldMLS #O5765273$270,000
Price reducedMLS #O5765273$299,900Change: −1.7%−$5,100
History may be incomplete.
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Property for sale at 16040 PENWOOD DRIVE, TAMPA, FL, 33647
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