7516 118TH STREET E, PALMETTO, FL, 34221
Active14 days on marketListed Jul 10, 2026MLS #TB8527746
About this home
7516 118TH STREET E
Under Construction. BRAND NEW HOME!!! A contemporary floorplan opens the main living spaces on the first floor of this two-story home. Guests will appreciate the first-floor bedroom with attached bathroom and walk-in closet, while upstairs, homeowners enjoy a versatile loft, three secondary bedrooms and the spacious owner’s suite. Prices, dimensions and features may vary and are subject to change. Photos are for illustrative purposes only.
Facts & features
The home at a glance
5
Bedrooms
4.5
Bathrooms
3,231
Sqft
0.15 ac
Lot size
3
Garage
2026
Year built
Two
Levels
$169
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 — not generic estimates.
$3,618 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
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
Estimated payment
$4,118/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Estimates only — taxes at 1.1%/yr and typical insurance; 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.
vs edgeAI estimate
−0.6%
$/sqft vs STONEGATE PRESERVE
$169 vs $155
Days on market
14 vs 55 typical
Where $169/sqft sits among the 9 homes for sale in STONEGATE PRESERVE
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 Palmetto
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Palmetto. See the full Palmetto guide →
PALMETTO 33541 — neighborhood snapshot
Population
23,913
Median age
57.8
Median income
$55,556
Median home value
$111,300
Avg household
2.21
Households w/ children
1,812
For the school run
Pasco County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Palmetto market
$359K → $361K
Palmetto median sold, yr/yr
97.2%
Sale-to-list ratio (12 mo)
4 of 9
STONEGATE PRESERVE have cut their price
Median sold price, Palmetto, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 50% above the PALMETTO 34221 median. See the full Palmetto market guide →
Paper trail
This home's history
Reality check
What actually sold near 7516 118TH STREET E
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Aug ’25$522,390
6837 E 115TH STREET · same community
5 bd · 4.5 ba · 3,629 sqft · $144/sqft · 70 DOM
Sold · Mar ’26$410,240
11840 71ST AVENUE E · same community
5 bd · 4 ba · 2,776 sqft · $148/sqft · 24 DOM
Sold · May ’26$414,740
7176 119TH COURT E · same community
5 bd · 4 ba · 2,776 sqft · $149/sqft · 0 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
Eric Chery
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 7516 118TH STREET E — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 7516 118TH STREET E — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Eric's phone and CRM.
Straight answers
7516 118TH STREET E FAQs
What would the monthly payment be for 7516 118TH STREET E?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,618/mo — principal and interest, estimated property taxes 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.
What are the property taxes on 7516 118TH STREET E?+
The most recent tax bill on record (2025) was $0. 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 7516 118TH STREET E?+
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 Palmetto?+
At $546,290, this home is listed about 37% above the Palmetto median of $399,000. The market section on this page shows how the area is trending.
Which schools are assigned to 7516 118TH STREET E?+
Chester W. Taylor Junior Elementary School (elementary), Raymond B. Stewart Middle School (middle), Zephyrhills High School (high) — Pasco County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of LENNAR REALTY · Jenn Siemering. MLS #TB8527746.
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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