$329,000
3 Bed Waterfront Home for Sale in Lake Babcock, FL, $329,000
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.
Property details
- Type
- SingleFamilyResidence
- Year built
- 2020
- Interior
- 1,685 sqft
- Lot size
- 6,969.6 sqft
- Acreage
- 0.16 acres
- Garage
- 2 car
- Days on market
- 0
- Total association fees
- $3,552/yr (~$296/mo)
- CDD
- Yes
- Est. taxes (1.4%)
- $4,606/yr
- Flood zone (area est.)
- Not available
- Storm protection
- Impact Windows/Doors
- Exposure
- West
- Waterfront
- Yes
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Public
- Sewer
- Private Sewer
- New construction
- No
- Pets
- Yes
- County
- Charlotte
Total association fees sums the core association dues the MLS feed provides (HOA, condo/master association, and land lease), normalized to a yearly figure. These are separate from and additional to specialty charges — mandatory club or food-and-beverage minimums, special assessments, and rec-lease fees — which the IDX feed does not carry. Always confirm the full fee schedule with the HOA or listing agent.
Maintenance included in the fee
What the association dues cover, per the MLS. Confirm the full schedule with the HOA.
Amenities
Based on the $/sqft of 8 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.
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Recently sold nearby
Closed comparable sales within ~1 mile in the last 12 months — similar price, size, beds/baths, and age.
| Address | Sold | Sold price | Beds/Baths | Sq ft | $/sqft |
|---|---|---|---|---|---|
| 43656 Sparrow Drive | May 2026 | $292,400 | 2/2 | 1,516 | $193 |
| 43680 Sparrow Drive | Oct 2025 | $315,000 | 2/2 | 1,503 | $210 |
| 43637 Sparrow Drive | Jul 2026 | $292,500 | 2/2 | 1,516 | $193 |
| 43773 Sparrow Drive | Oct 2025 | $330,000 | 2/2 | 1,631 | $202 |
| 43613 Sparrow Drive | Mar 2026 | $284,000 | 2/2 | 1,503 | $189 |
| 16900 Caracara Place | Jul 2026 | $280,000 | 2/2 | 1,516 | $185 |
| Average | 6 comps | $298,983 | $195 |
Market trends — Punta Gorda
Median of closed MLS sales each month over the available window. Months with too few sales are omitted; the range extends automatically as more sales close.
Live area medians from the MLS · see all listings. Indicative, not an appraisal.
The good, the trade-offs & the location
- Built 2020 — post-2002 Florida wind codes (typically lower insurance)
- Waterfront
- Storm protection: Impact Windows/Doors
- 2-car garage
Straight-line distances to major SWFL amenities — approximate; actual drive times vary.
Nearby schools
Get more information on their programs, scores, and extracurriculars on each school's page · browse the full schools directory.
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Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.