Lake Grove March 2017 Market Report
There are currently 3 homes for sale in Lake Grove of Palm City, FL. List prices range from $459,900 to $629,900. The average list price equals $537,933 which is $194.25 per sq. ft. of living area.
There are no homes currently under contract in Lake Grove.
In the past 12 months, 3 homes have sold in the Lake Grove. Sale prices ranged from $475,000 to $520,000 with an average sale price of $497,500 or $180.98 per sq. ft. of living area. These homes averaged 80 days on market prior to accepting these sales offers and sold for an average of 97% of the last listed price.
Located south on Mapp Road in Palm City is the community of Lake grove which is comprised of 64 homes built around a square shaped lake. Lake Grove lies in a lovely private location will all home sites on at least ½ acre of land.
Homes range in sizes from over 4,500 sq. ft. of living space with 5 bedrooms, 4 baths and a three car garage down to just over 2,000 sq. ft. homes with 3 bedrooms and two bathrooms and 2 car garages. As of March 2017, the Lake Grove HOA fees are a very reasonable $275 per quarter.
The common areas include two tennis courts, landscaped common areas and a fishing dock on the lake. There’s also a dedicated trailer/RV/boat parking lot for residents.
Lake Grove children attend ‘A’ rated Martin County Schools and are currently zoned for the Palm City Elementary School, Hidden Oaks Middle School and Martin County High School. (To search for homes within Martin County school districts visit my school search pages here.)
If you like the Lake grove community, you may also have an interest in its sister community: Orchid Bay.