Lake Grove March 2020 Market Report
There are 3 homes currently for sale in Lake Grove of Palm City, FL. List prices range from $549,000 up to $600,000. This is an average list price of $571,333 or $197.02 per sq. ft. of living area.
There is 1 home currently under contract in Lake Grove. The list price was $600,000 which is $202.36 per sq. ft. of living area. This home was on the market for 152 days prior to going under contract.
In the past 12 months, 4 homes have sold in Lake Grove. Sale prices ranged from $550,000 up to $674,900. This is an average sale price of $609,975 which equals $185.93 per sq. ft. of living area. These homes averaged 71 days on the market prior to going under contract and sold for an average of 97% of the list price.
About Lake Grove in Palm City FL:
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 September 2019, 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
Recent market reports:
- Island Dunes Real Estate Market Report November 2024
- Poppleton Creek Real Estate Market Report November 2024
- Ocean Dunes Real Estate Market Report November 2024
- Nettles Island Jensen Beach Market Report November 2024
- Hidden River Real Estate Market Report October 2024
- Orchid Bay Real Estate Market Report October 2024
For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com
Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.
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