7516 118th St E, Palmetto, FL 34221
Property image
Property image
FOR SALE
NEW CONSTRUCTION
QUICK MOVE-IN
3D VIEW

$495,590

Original price: $495,340
  • 5 Beds
  • 4 Baths
  • 3,232 sqft

7516 118th St E, Palmetto, FL 34221

Est. Mortgage $3,251/mo*
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Home Highlights

Single-Family Home
Built in 2026
$153/sqft
Garage

Local Information

  • Map ViewExplore the area around 7516 118th St E.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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.
Contact this Building
Property Website
Last check for updates: 7 days ago
Listing courtesy of Lennar
Source: Lennar Homes

Home Details for 7516 118th St E

Interior Features

Levels, Entrance, & Accessibility
Stories: 2

Property Information

Year Built
Year Built: 2026
Property Type / Style
Property Type: Single Family HomeArchitecture: House

Exterior Features

Parking & Garage
GarageParking Spaces: 3Parking: Garage

Price & Status

Price
Price Per Sqft: $153

Media

All New Homes in Stonegate Preserve : The Estates

Quick Move-in Homes (6)

All (6)
3 bd (2)
4 bd (3)
5 bd (1)
7509 118th St E
3bd
3ba
2,158 sqft
$378,990
Check Availability
7508 118th St E
4bd
3ba
2,529 sqft
$421,690
Check Availability
7516 118th St E
5bd
4ba
3,232 sqft
$495,590
Check Availability
7540 118th St E
4bd
3ba
2,083 sqft
$376,900
Check Availability
7533 118th St E
3bd
3ba
2,158 sqft
$378,990
Check Availability
7529 118th St E
4bd
3ba
2,529 sqft
$417,690
Check Availability
Quick Move-In Homes provided by Lennar Homes

Buildable Plans (6)

All (6)
3 bd (2)
4 bd (2)
5 bd (2)
Aspen Plan
3bd
2ba
1,844 sqft
$374,490+
Check Availability
Augusta Plan
4bd
3ba
2,084 sqft
$400,900+
Check Availability
Brindley Plan
3bd
3ba
2,156 sqft
$401,990+
Check Availability
Sedona Plan
4bd
3ba
2,529 sqft
$441,690+
Check Availability
Mcginnis Plan
5bd
4.5ba
3,232 sqft
$515,590+
Check Availability
Preston Plan
5bd
4.5ba
3,326 sqft
$526,000+
Check Availability
Buildable Plans provided by Lennar

Community Description

The Estates is a collection of new-single family homes for sale at Stonegate Preserve coming soon to sunny Palmetto, FL, easily reached off Artisan Lakes Parkway. The community will provide residents with impressive masterplan amenities, including a clubhouse, swimming pool, fitness center and more. Residents will also benefit from proximity to the beaches at Anna Maria Island, shopping at the nearby Ellenton Premium Outlets and a local marina featuring a Pier 22 restaurant for abundant entertainment options.
Contact this Building
Learn more about this community

Office Hours

Sales Office
11306 71st Ter E
Palmetto, FL 34221
(727) 610-2950
Mon 10-6 | Tue 10-6 | Wed 10-6 | Thu 10-6 | Fri 10-6 | Sat 10-6 | Sun 11-6

Around this home

What Locals Say about Palmetto

At least 188 Trulia users voted on each feature.

  • 87 % Say car is needed

  • 86 % Say it's dog friendly

  • 86 % Say parking is easy

  • 82 % Say yards are well-kept

  • 69 % Say there's holiday spirit

  • 67 % Say it's quiet

  • 65 % Say people would walk alone at night

  • 64 % Say kids play outside

  • 62 % Say there are sidewalks

  • 55 % Say neighbors are friendly

  • 49 % Say they plan to stay for at least 5 years

  • 47 % Say there's wildlife

  • 37 % Say streets are well-lit

  • 32 % Say it's walkable to grocery stores

  • 30 % Say there are community events

  • 27 % Say it's walkable to restaurants

Sourced by Trulia users. Learn more about our methodology.
  • La Shawn
    "I do not have any pets to give an opinion. The area is nice. I do see people walking their dogs daily "
    0
    Flag
  • Cgreene911
    "Quiet, Pet friendly. Neighbors are friendly and watch out for each other. There were 2 antagonists but fortunately they sold. The current Board is working hard to meet the requirements for a well maintained community that we can enjoy. Please ignore the previous negative comment. HOA fees are now $244 for the purpose of replenishing reserves that were depleted."
    10
    Flag
  • Janie Z.
    "This is not a friendly community. Very clickish. There are bullies here and those who spy for the owner then report you. Those who call you a friend one day then stab you in the back the next day to join the newest ‘in crowd’. Do yourself a favor, buy elsewhere. "
    5
    Flag
  • Trulia User
    "An old fashioned neighborhood where kids can have a little freedom. Very neighborly, quiet. City park with new play structure and community events"
    0
    Flag
  • Trulia User
    "Food carts, Saturday market, park events like outdoor movies, boating festivals, litter clean-ups, small businesses, pier fishing, soccer, pickle ball "
    0
    Flag
  • J. M.
    "Wonderful location 20 minutes from beautiful â›± beaches. The nicest place in Florida to live! Close to 75 and 275 and shopping is great around here with St Armands and University Mall just down a few exits."
    1
    Flag
  • Brittney J.
    "The kind of neighbors you hope you have. That look out for you while you're out of town or pass sugar over the fence. Lots of families in the neighborhood and easy access to the highway. I work in Pinellas county and it's a short commute. "
    2
    Flag
  • Misty V.
    "Easy drive to Tampa/St.Pete/Sarasota and without all the hussle and bussle of being right in a city. "
    7
    Flag
  • Rolandoramos87
    "This is a elderly Mobil home residence. It is a very nice place to live. The zone is friendly, easy to get around and has good access to main roads."
    0
    Flag
  • Pat T.
    "Charter school, grades K-8 within walking distance located in neighborhood. Homes surround Lake Joyce with kayaking and fishing."
    2
    Flag
  • Pat T.
    "No public transportation. However, easy access to I-75 and I-275 to Tampa, St. Petersburg and Sarasota. "
    0
    Flag
  • Jodi R.
    "Neighborhood is very friendly and full of families with kids of all ages. There are local farmers markets also. "
    4
    Flag
  • Monroe B.
    "Lived here for 13 years. Friendly neighbors watching out for each other. A mobile home is not kid friendly "
    1
    Flag
  • Joan S.
    "I just moved here a few months ago & I've visited here many times. Beautiful area by the water. I live in a 55+ community & my neighbors are from everywhere."
    8
    Flag
  • Nisa1980
    "My neighborhood’s commute is safe and steady. No heavy traffic. Transportation always seems cautious. "
    0
    Flag
  • Dollfinzz1
    "It’s easy to commute to St Pete, Sarasota, Or Bradenton. Of course, you need a car or ride share. The public trans is not 24/7.0"
    0
    Flag
  • Malikah M.
    "Great neighborhood, friendly people, close to shopping. Traffic during morning and afternoon commutes."
    3
    Flag
  • Jabart74
    "The fair and art stands, traffic is fair and many stores to shop. Having to cross one of three bridges gets hectic at times."
    0
    Flag
  • Anabel0114
    "Always church events, park events and movies and all the shopping centers around. Great neighborhood! "
    0
    Flag
  • Gary S.
    "Very pleasant and affordable area. Close enough to services and groceries, etc. The people are very nice. "
    2
    Flag
  • britmatany
    "Very few good schools in this area! Few decent parks/playgrounds, but close to great playgrounds in Sarasota."
    3
    Flag
  • ROR
    "Easy to reach i75 North or South. Close to everything. Easy to reach 301 or 41 either North, South or to Anna Maria Island. Traveling to Sarasota is easy as well."
    0
    Flag
  • Mario s
    "Just us visiting. Seems like a wonderful place for recreation and families. We will only be here for a week but looking forward to boating and grilling and having a wonderful time."
    0
    Flag
  • Shaun C.
    "Great neighborhood for pets, kids, etc. Very safe, LOTS of police officers live here. Walk around anytime, day or night. "
    0
    Flag
  • Ralph B.
    "our neighborhood is safe and quiet. peaceful and practical. I enjoy living here. it's a good investment too. "
    3
    Flag
  • Anabel0114
    "It is very family friendly, quite, beautiful, nice scenery, great schools, close to about everything and almost 100% safe. I would reccomend this neighborhood to anyone and I have lived in this area for about 11 years now. "
    0
    Flag
  • Kd9249
    "Nice established community. Great mix of people. Quiet and friendly. Homes are all different. Feel safe walking at night."
    0
    Flag

Market trends in Palmetto

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$350K
$2.85KMoM
Sale-to-List Price
97.7%
0.5%MoM
Price per sq ft
$217
$2MoM
Available listings
415

Home Value

Trulia Estimate
$485K
Since last month
Decreased$51K (-9.5%)
Since last year
Decreased$61K (-11.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value decreased by -11% in the last 10 years
MonthEstimated value
2026
September 2026$485K
August 2026$484K
July 2026$536K
June 2026$552K
May 2026$545K

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
11828 71st Ave E, Palmetto, FL
0.19
Single-Family Home
$395,100
02/23/26
5
4
2,776
11840 71st Ave E, Palmetto, FL
0.20
Single-Family Home
$410,300
03/17/26
5
4
2,776
7214 119th Ct E, Palmetto, FL
0.20
Single-Family Home
$421,100
08/14/26
5
4
2,776
11819 71st Ave E, Palmetto, FL
0.22
Single-Family Home
$399,500
01/22/26
5
4
2,776
7206 119th Ct E, Palmetto, FL
0.22
Single-Family Home
$411,000
07/28/26
5
4
2,776
7169 119th Ct E, Palmetto, FL
0.24
Single-Family Home
$405,000
06/04/26
5
4
2,776
7161 119th Ct E, Palmetto, FL
0.24
Single-Family Home
$406,300
04/06/26
5
4
2,776

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
7512 118th St E, Palmetto, FL 34221
0.01
$356,800
4
3
2,084
Off Market
7508 118th St E, Palmetto, FL 34221
0.02
$421,690
4
3
2,529
For Sale
7504 118th St E, Palmetto, FL 34221
0.03
$397,100
3
3
2,158
Off Market
7524 118th St E, Palmetto, FL 34221
0.02
$361,500
4
3
2,083
Off Market
11643 E 74TH CIRCLE, Palmetto, FL 34221
0.07
$388,500
3
3
2,156
Off Market
7513 118th St E, Palmetto, FL 34221
0.03
$403,800
4
3
2,529
Off Market
7509 118th St E, Palmetto, FL 34221
0.04
$378,990
3
3
2,158
For Sale
7517 118th St E, Palmetto, FL 34221
0.03
$372,600
3
3
2,158
Off Market
7505 118th St E, Palmetto, FL 34221
0.05
$361,800
4
3
2,084
Off Market
7521 118th St E, Palmetto, FL 34221
0.03
$352,900
4
3
2,084
Off Market
7525 118th St E, Palmetto, FL 34221
0.04
$480,300
5
4
3,232
Off Market

Price and Tax history

DateEventPrice
Aug 31, 2026
Source: Lennar Homes
PriceChange
$495,590
Price increased by 0%
Aug 29, 2026
Source: Lennar Homes
PriceChange
$495,340
Price increased by 0%
Aug 25, 2026
Source: Lennar Homes
PriceChange
$495,090
Price increased by 1%
Aug 16, 2026
Source: Lennar Homes
PriceChange
$490,090
Price decreased by 10%
Aug 14, 2026
Source: Lennar Homes
PriceChange
$547,090
Price increased by 0%

LGBTQ Local Legal Protections

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Frequently asked questions about 7516 118th St E

  • What is the estimated monthly payment for 7516 118th St E?
    Based on a $495,590 list price with 20% down at today's rates, the estimated monthly payment for 7516 118th St E in Palmetto, FL is approximately $3,291 (about $2,609 principal & interest, $607 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 7516 118th St E compare to homes in Palmetto?
    7516 118th St E in Palmetto, FL is listed at $495,590, about 42% above the $350K median sale price in Palmetto.
  • What do residents say about Palmetto?
    Residents describe Palmetto, FL as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See homes for sale in Palmetto, FL.
  • What are the closest schools to 7516 118th St E?
    The closest schools to 7516 118th St E in Palmetto, FL are Buffalo Creek Middle School (rated 5/10), James Tillman Elementary Magnet School (Pre-K, rated 6/10), Palmetto High School (Middle, rated 2/10).
  • Does 7516 118th St E have a garage?
    Yes, 7516 118th St E in Palmetto, FL has a garage.
  • Is there a virtual tour of 7516 118th St E?
    Yes, a virtual tour of 7516 118th St E in Palmetto, FL is available.
7516 118th St E, Palmetto, FL 34221 is a 5 bedroom, 4 bathroom, 3,232 sqft single-family home built in 2026. This property is currently available for sale and was listed by Lennar Homes on May 21, 2026.