Palm Pointe and Palm Isles October 2017 Market Report

Palm Pointe and Palm Isles October 2017 Market Report

There is currently only one active listings in Palm Pointe and Palm Isles community of Palm City FL.  The list price for this home is $309,995 which is equal to $144.59 per sq. ft. of living area.

At this time, there is 1 home under contract which has not yet finalized.  The list price was $260,000 or $142.86 per sq. ft. of living area.  This homes was on the market for 21 days prior to going under contract.

8 homes have sold in the past 12 months.  Sales price ranged from $212,000 to $320,000 with the average sales price of $250,063 which works out to $142.81 per sq. ft. of living area.  These homes were on the market for an average of 45 days prior to going under contract and sold at an average of 96% of list price.

About the Palm Isles and Palm Pointe Community in Palm City:

Palm Pointe and Palm Isles in Palm City

Palm Pointe and Palm Isles are adjoining communities in Palm City just east of High Meadow Rd between Martin Downs Blvd and Martin Hwy. These gated communities are conveniently located close to both Florida’s Turnpike and I-95 making it a great location for those who commute to parts north or south for work, yet want to take advantage of the great school system and amenities that Martin County has to offer. Also within easy reach of shopping, restaurants and medical facilities as well as the many boat ramps and Marinas of Martin County.

Palm Pointe and Palm Isles in Palm City Palm Pointe and Palm Isles in Palm City

There are a total of 128 homes that were built from 1990 through 1996 for Palm Pointe and 1999 to 2001 for Palm Isles. These two communities share a community pool, tennis courts and a playground.

Palm Pointe and Palm Isles in Palm City Palm Pointe and Palm Isles in Palm City

Homes range in size from 2 bedroom, 2 bathroom homes of around 1,400 sq. ft. of living space plus a two car garage, up to 4 bedroom, 4 bath homes of around 2,400 sq. ft. plus garage. Many homes in these communities have their own private pools and a lucky few have wonderful lake views.

Palm Pointe and Palm Isles in Palm City Palm Pointe and Palm Isles in Palm City

As of October 2017 HOA fess were just over $200 a month and this community allows large pets and rentals. There are vehicle restrictions for commercial trucks.

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Palm Pointe and Palm Isles October 2017 Market Report

Orchid Bay Palm City FL October 2017 Market Report

Orchid Bay Palm City FL October 2017 Market Report

There are currently 2 homes listed for sale in Orchid Bay.  List prices are $574,900 and $589,500 for an average list price of $582,200 which is $205.63 per sq. ft. of living area.

2 homes are currently under contract and awaiting sale.  The list prices are $379,900 and $489,999 which averages to $434,950 for $169.08 per sq. ft. of living area. These three homes averaged 30 days on the market before going under contract.

In the past 12 months, 6 homes have sold in Orchid Bay.  Sales prices ranged from $380,055 up to $637,500 for an average sold price $499,759 which works out to $168.36 per sq. ft. of living area.  These 6 homes averaged 94 days on the market before the sellers accepted an offer and sold for an average of 97% of the listed price.

About Orchid bay in Palm City:

Orchid Bay Entrance 2About Orchid Bay:

One of the most desirable communities in Palm City, Orchid Bay (also known as Captain’s Creek) lies just south of the new Palm City Veteran’s Memorial Bridge off of Mapp Road.  This gated community of 153 home-sites (including only two vacant lots at this time) enjoys spacious private lots of at least a ½ acre with a few properties residing on over 1 acre sites.  This planned community was developed by the Tartan land Company in the early 1990’s and all homes are individually constructed by the lot owner’s builder of choice.  Consequently this is not a “cookie cutter” community by any means.

Orchid Bay Home 4

Homes range in size from over 5,000 sq. ft. of living area to just over 2,000.  From as many as 8 bedrooms down to 3 bedroom homes.  Both one and two story residences. Homes were built from 1992 through 2007.  Amenities include tennis courts, a picnic and playground area as well as a public gazebo.  Numerous lakes and ponds are on this property with many homes enjoying serene water views.  Orchid Bay has its own community propane tank so all residents have the option of hooking in for propane utilities if desired.

Orchid Bay Pool with Lake View

HOA fees at the time of this writing (October 2017) are $187.00 per month (payable quarterly).   These fees include maintenance of the roads, trash pickup, common areas as well as basic cable TV service.

Orchid Bay Playground

Children of Orchid bay attend wonderful schools:  Palm City Elementary, Hidden Oaks Middle and Martin County High.

Orchid Bay Home 1

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For any questions you may have about Orchid Bay, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Orchid Bay Palm City FL October 2017 Market Report

Lake Grove September 2017 Market Report

Lake Grove September 2017 Market Report

There are currently 3 homes for sale in Lake Grove of Palm City, FL. List prices range from $449,900 up to $749,900. The average list price equals $583,940 which is $191.92 per sq. ft. of living area.

There are no homes currently under contract in Lake Grove.

In the past 12 months, 4 homes have sold in the Lake Grove. Sale prices ranged from $485,000 up to $555,000 with an average sale price of $513,000 or $172.82 per sq. ft. of living area.  These homes averaged 67 days on market prior to accepting these sales offers and sold for an average of 96% 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.

Lake Grove in Palm City

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 September 2017, the Lake Grove HOA fees are a very reasonable $275 per quarter.

Lake Grove in Palm City

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 in Palm City

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.)

Lake Grove in Palm City

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If you like the Lake grove community, you may also have an interest in its sister community: Orchid Bay.

Click here for the current Orchid Bay Homes for Sale

Lake Grove September 2017 Market Report

Quail Meadow September 2017 Market Report

Quail Meadow September 2017 Market Report

There are 3 townhomes currently available for sale in Quail Meadow in the Martin Downs community of Palm City FL.  These homes are available from $185,000 up to $245,000 for an average list price of $214,667 which is $140.23 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, 9 homes have sold.  Sales prices were from a low of $165,000 up to $232,450 for an average sales price of $183,083 which works out to $116.58 per sq. ft. of living area.  These townhomes averaged 41 days on market before going under contract and sold for an average of 97% of the last list price.

About Quail Meadow in Martin Downs

Located in the beautiful Martin Downs Country Club, Quail Meadow consists of 84 townhome/villas in 14 buildings with 6 attached units in each building.  Quail Meadow was completed in 1983 and represents its own subdivision within the Martin Downs Country Club.  Many of these homes enjoy beautiful lake and golf course views.

entrance to Quail Meadow in Martin Downs

All of these homes have a 1 car garage and some are single story villas while others are two story style townhouses.   Sizes range from 3 bedroom, 3 bathroom homes with 1,654 sq. ft. of living area down to 2 bedroom, 2 bathroom villas with 1,331 sq. ft.

front view of Quail Meadow in Martin Downs

The HOA fee is $308 per month and this includes a 24 manned security gate and security patrols, management fees, basic cable TV, common areas and exterior maintenance.   This is a pet friendly community allowing up to two medium sized pets per unit.  Rentals are also permitted with some restrictions as to frequency and duration.

Pond in Quail Meadow in Martin Downs

Residents of Quail Meadow have the option of joining the golf club in Martin Downs as well as the Martin Downs sports complex.  Or, they are free to just enjoy the great location which is very close to Florida’s Turnpike and I-95 and shopping, restaurants, professional offices and medical facilities.

views from Quail Meadow in Martin Downs

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Quail Meadow September 2017 Market Report

Bay Pointe Palm City September 2017 Market Report

Bay Pointe Palm City September 2017 Market Report

There are 3 homes currently for sale in Bay Pointe in Palm City FL.  These homes are listed for sale from $439,998 up to $1,427,500 for an average list price of $884,166 which equals $223.83 per sq. ft. of living space.

There are no homes currently under contract in Bay Pointe.

In the past 12 months, only one home sold in Bay Pointe in Palm City FL.  This home sold for $1,914,455 which equals $408.11 per sq. ft. of living space..  These three homes was on the market for 18 days before going under contract and sold for 96% of list price.

About Bay Pointe in Palm City, Florida:

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Located next to Seagate Harbor and Lighthouse Pointe is the exclusive subdivision of Bay Pointe in Palm City Florida.  This exclusive gated waterfront subdivision boasts 23 homes and lots on the wide waters of the Saint Lucie River.  An additional 11 non waterfront homes and homesites enjoy the amenities of this private community.  Even the non-waterfront homes have access to docks with a community pier located on the south side of the community.

Bay Pointe Homes for Sale

The current HOA fees vary from $910 up to $1,350 a month depending on whether the owner chooses to have the HOA do the landscaping for the yard (current as of September 2017).

Bay Pointe waterfront in Palm City FL
Located with a large private preserve area to the south and west and enjoying magnificent wide water views to the east.  Only minutes to the wide Atlantic Ocean by boat and enjoying the amenities and low taxes of Martin County make Bay Pointe a wonderful place to call home.

Bay Pointe waterfront in Palm City FL
Close to parks, beaches, shopping and boasting the ‘A’ rated school system of Martin County.  Current school assignments for Bay Pointe are the Bessey Creek Elementary School, Hidden Oaks Middle School and Martin County High School.

Bay Pointe waterfront in Palm City FL

The Gabe Sanders real estate team has some excellent buyer and seller rebate programs available for a limited time for those interested in buying or selling in Bay Pointe.  (Available until 12/2017)  Please call for details.

Bay Pointe waterfront in Palm City FL

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Bay Pointe Palm City September 2017 Market Report