Lake Grove March 2016 Market Report
There are currently 3 homes for sale in Lake Grove of Palm City, FL. List prices range from $488,800 to 749,000. The average list price equals $587,566 which is $190.59 per sq. ft. of living area.
1 home is under contract and awaiting sale. The list price was $510,000 which equals $186.27 per sq. ft. of living area. This home was on the market for 189 days prior to accepting this offer.
In the past 12 months, 7 homes have sold in the Lake Grove. Sale prices ranged from $367,000 to $640,000 with an average sale price of $506,642 or $160.28 per sq. ft. of living area. These homes averaged 76 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.
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 2016, 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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