Lake Magdalene › North Lakes

16012 Saddlestring Dr

Tampa, FL 33618
$440,000
3 bed2 bath1,700 sqftSingle-family home · built 1981

What stands out about this home

Compared with single-family homes like it, within product classi
Size
Larger than 58% of single-family homes sold in North Lakes
92 single-family home sales · Jan 2024 - Oct 2026
Price
The seller has not permitted automated price comparisons
Standout feature
A spa: 40% of single-family homes listed in Lake Magdalene have one
114 single-family home listings · Feb 2017 - Oct 2026
Age
Newer than 31% of single-family homes in North Lakes
129 homes · Jun 2020 - Oct 2026
Compared against 40 similar homes sold within 0.77 mi.

About this property

Price Reduction !!! Don"t miss this wonderful property located in the heart of Carrollwood. Centrally located near restaurants, stores, and hospitals, it is also just a 20-minute drive from Tampa International Airport and Raymond James Stadium.
This updated 1700 sq ft of heated space has 3-bedroom, 2-bathroom with a 1-car garage, it features luxury vinyl flooring and porcelain tile throughout. Highlights include California-style closets and a spacious family room ideal for entertaining. You can enjoy your morning coffee on either the covered screened front porch or the screened back lanai.
Key updates and features include:

- Stainless steel appliances
- Central AC (4 years old)
- Water heater (5 years old)
- Roof (approx. 8 years old)
- Newer mini-split AC to help reduce electric bills
- Newer insulated garage door and motor
- Built in wall unit with modern fireplace
The backyard features a solid wood pergola with a covered jacuzzi, an additional solid wood pergola for barbecuing, mature landscaping, and outdoor lighting.
This home is perfectly maintained and ready for holiday hosting. Please note that room measurements should be verified by the buyer or the buyer's agent. Washer and Dryer do not convey.

Property details

Year built1981
Lot size0.18 ac
HOANot stated
Parking1-car
Days on market21
MLS#TB8548048
LightingRain guttersSidewalkSprinkler meteredStorageCeiling fans
All features →
  • Lighting
  • Rain gutters
  • Sidewalk
  • Sprinkler metered
  • Storage
  • Ceiling fans
  • Chair rail
  • Crown molding
  • Eat-in kitchen
  • Convection oven
  • Dishwasher
  • Dryer
  • Electric water heater
  • Freezer
  • Microwave
  • Range
  • Refrigerator
  • Washer
  • Bamboo flooring
  • Tile flooring
  • Central air conditioning
  • Mini-split units cooling
  • Wall/window units cooling
  • Attic fan cooling
  • Central heating
  • Electric heating
  • Shingle roof
  • Slab foundation
  • Block construction
  • Stucco construction
  • Single story
  • Inside laundry
  • Washer hookup
  • Cable available
  • Cable connected
  • Electricity available
  • Electricity connected
  • Fiber optics
  • Fire hydrant
  • Public utilities
  • Sewer connected
  • Underground utilities
  • Water available
  • Water connected
  • Garage

The market for homes like this

Single-family homes in North Lakes · all sizes
Too few 3-bedroom single-family home sales here to report on their own, so these cover every single-family home in Lake Magdalene.i
Median sold price$390,00069 sales · last 24 months
Median price per sq ft$25969 sales · last 24 months
Median rent$2,500/mo43 leases · last 12 months
Median days to lease2743 leases · last 12 months

Lake Magdalene, as its listings describe it

What agents stated on listings, 2004 – 2026i
Community pool58%of 240 listings
HOA fee, median$375/moof 166 listings
Has an association51%of 459 listings
Pets allowed North Lakes90%of 51 listings
Minimum lease, most commonNo Minimum55% of 354 listings · next: 1–2 Years
Lease restrictions36%of 358 listings
Association approval required37%of 247 listings
Private pool North Lakes27%of 64 listings
Gated37%of 240 listings
Public water · sewer92% · 85%of 390 · 408 listings
Flood zone (A or V)12%of 417 listings
55+ communityNo99% of 459 listings · next: Yes
Homestead share North Lakes76%of 1,003 homes · county tax roll
Also stated: waterfront 17% of 461 listings; CDD 1% of 377.

Price and time on market

This listing against homes like iti
Price per sq ft
The seller has not permitted automated price comparisons
Time on market
The seller has not permitted automated comparisons
Price history
Listed at $450,000 originally; now $440,000, 2.2% lower after at least one price reduction. The most recent: down $10,000 on Oct. 8, 2026
at least one price reduction visible

Cost of ownership

What this home costs to hold, from public recordsi
Current owner's taxes
i
$1,433 for 2025 on the listing; about $708 on the 2026 roll
The listing and the county roll disagree materially; both are shown
Estimated taxes at this price
i
About $5,500/yr homesteaded, $6,200/yr as an investor
Estimated: the asking price through the county's price-to-value factor, at the parcel's published millage; assessments reset at sale
Typical electric bill
i
$166/mo (2024)
Typical: the utility's average residential bill for 2024 (not this home's)
Typical water and sewer
i
$98/mo at 5,000 gallons
Typical: the provider's published schedule at 5,000 gallons a month on a standard residential meter
THE NEIGHBORHOOD

Living in Lake Magdalene

unincorporated Hillsborough County · Hillsborough County · ZIP 33618 · Lake Magdalene (census-designated place) · Flood zone X
Explore Lake Magdalene →
Homes10,159residential parcels
Median sold price$439,900342 sales · last 12 months
Vs. the prior year+1.1%342 sales this year · 375 sales the prior year
Median rent$1,995/mo101 leases · last 12 months
Homes that changed hands3%342 sales of 10,159 homes
Homestead share75%of 10,159 homes · county tax roll
Single-family homes in Lake Magdalene, by bedroomsFigures appear once a group has 40 sales
GROUPSALESMEDIAN SOLDMEDIAN RENT
All single-family homes · 12 months271$490,000$2,500/mo43 leases
2 bed14Not enough sales yet to report on their own
3 bed · this home118$418,750—
4 bed102$583,000—
5+ bed37Not enough sales yet to report on their own
All single-family homes · 24 months565$488,000$2,537/mo92 leases
Median price

Lake Magdalene homes sold for a median of $439,900 in the 12 months to Oct. 11, 2026.

342 sales
Price trend

That's 1.1% above the median for the 12 months before, $435,000.

342 sales this year · 375 sales the prior year
What's selling

Single-family detached homes made up 271 of the 342 sales in the same 12 months, at a median of $490,000.

271 of 342 sales

Location

16012 SADDLESTRING DR, TAMPA, FL 33618

Nearby homes for sale in Tampa

Based on information from Stellar MLS® for the period March 8, 2004 through October 11, 2026.

Listings courtesy of Stellar MLS as distributed by MLS GRID

HomeProp is a licensed Florida real estate brokerage (License CQ1055163). Regulated by the Florida Real Estate Commission (FREC), 400 W Robinson St, Orlando, FL 32801. All information deemed reliable but not guaranteed.

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