Lake Grove March 2015 Market Update
There are currently 3 homes for sale in Lake Grove of Palm City, FL. List prices range from $440,000 to 575,000. The average list price equals $514,966 which is $179.09 per sq. ft. of living area. There aren’t any distressed sales in these listings.
1 home is under contract and awaiting sale. The list price is $595,000 which equals $187.28 per sq. ft. of living area.
In the past 12 months, 2 homes have sold in the Cobblestone Country Club. Sale prices were $423,500 and $537,000 and the average sale price equaled $480,250 or $164.75 per sq. ft. of living area at a list to sales ratio of 97%. Neither of these two homes were in distressed sales situations.
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 2015, 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.)
Click here to see the currently available Lake Grove Homes for Sale
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
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