16369 PALMETTO STREET
PUNTA GORDA, FL 33982
About this home
Rare opportunity to assume an approximate $186,000 mortgage at an incredibly low 2.75% interest rate, offering substantial monthly savings compared to today's market rates. Welcome to this beautifully maintained 3 bedroom, 2 bathroom Meritage home located in the desirable Lake Babcock neighborhood of Babcock Ranch. Situated on a peaceful pond lot with a fully fenced backyard, this home offers privacy, tranquil water views, and a west facing backyard that delivers breathtaking Florida sunsets every single evening. Surrounded by mature landscaping with no nearby new construction, you'll enjoy a quiet, established neighborhood that's becoming increasingly hard to find. Inside, you'll find luxury vinyl plank flooring throughout the main living areas, impact windows and doors, faux wood blinds, and an open floor plan designed for comfortable everyday living. The kitchen is equipped with upgraded stainless steel appliances including a refrigerator, dishwasher, washer, and dryer, making this home truly move in ready. Relax on the welcoming front porch or unwind year round from the screened lanai while taking in spectacular sunset views across the pond. Built by Meritage Homes for energy efficiency and durability, this home is located in America's first solar powered town, known for its exceptional storm resiliency, elevated above the flood plain, and lower than average homeowners insurance costs. Residents enjoy miles of walking and biking trails, parks, community pools, pickleball, tennis, kayaking, restaurants, shopping, live entertainment, and year round community events. This property also presents an excellent investment opportunity with outstanding long term rental potential. Whether you're looking for a primary residence, seasonal home, or investment property, this home offers exceptional value in one of Southwest Florida's fastest growing communities. Assumable mortgage is subject to lender approval and buyer qualification.
Facts & features
Interior
- Bedrooms
- 3
- Bathrooms
- 2
- Living area
- 1,685 sqft
- Heating
- Electric
- Cooling
- Central Air
- Flooring
- Carpet, Laminate
- Stories
- 1
- Features
- Ceiling Fans(s), Eat-in Kitchen, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
- Appliances
- Dishwasher, Disposal, Electric Water Heater, Microwave, Washer
Exterior & lot
- Lot size
- 7,707 sqft (0.18 ac)
- Roof
- Shingle
- Construction
- Concrete
- Exterior
- Rain Gutters, Sidewalk, Sliding Doors
Parking
- Garage
- 2 spaces
Financial
- HOA dues
- $296 / monthly
- Annual tax
- $7,217 (2025)
- Price / sqft
- $195/sqft
Utilities
- Water
- Private
- Sewer
- Private Sewer
- Utilities
- BB/HS Internet Available, Electricity Connected, Sewer Connected, Sprinkler Meter, Sprinkler Recycled, Underground Utilities…
Property
- Property type
- Single Family
- Year built
- 2020
- Subdivision
- BABCOCK RANCH COMMUNITY PH 1B1
- County
- Charlotte
Listing
- Status
- Active
- Days on market
- 1 day
- MLS #
- MFR801633783
- Source
- Stellar MLS
Listed by Jason Liebman · EXP REALTY LLC
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
Based on 21 comparable sales within 4 miles of PUNTA GORDA, FL. priced over RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOA- Principal & interest
- $1,751/mo
- Property tax
- $247/mo
- Home insurance
- $200/mo
Tax, insurance and HOA are editable estimates with Florida-typical defaults — Florida homeowners insurance in particular varies widely by location and elevation. Confirm exact figures with a lender and insurer.
Price historySample data
Reference timeline for $329,000. Live MLS history swaps in with the Stellar feed.
| Date | Event | Price | Change |
|---|---|---|---|
| 2026-08 | Listing updated | $329,000 | — |
| 2026-05 | Price changed | $329,000 | −$13,160 |
| 2026-03 | Listed | $342,160 | — |
NeighbourhoodSample data
Reference scores for PUNTA GORDA, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
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