Montego Cove October 2016 Market Report

There are 5 condos for sale in Montego Cove in October 2016.  List prices range from $159,900 up to $227,000 for an average list price of $195,660 which works out to $123.64 per sq. ft. of living area.

There is only one condo under contract awaiting the finalization of the sale.  The list price is $169,000 or $112.22 per sq. ft. of living area.  This condo was on the market for 131 days before going under contract.

In the past 12 months, 13 condos have sold in Montego Cove.  Sales prices ranged from $145,000 up to $240,000 for an average sales price of $200,269 which equals $121.86 per sq. ft. of living area.  These condos averaged 75 days on market before accepting the final offer and sold for an average of 96% of the last listed price.

About the Montego Cove Condos in Stuart FL

Located just west of US-1 (Federal Highway) off of Cove Rd, this attractive Condo community on over 50 acres with 30 residential buildings for a total 182 units  that are mostly 2 bedroom, 2 bathroom condos and a few 3 bedroom ones and one 1 bedroom condo.  Living areas range from 1,506 sq. ft. to 1,683 sq. ft. for the 2 bedroom condos and 1,722 sq. ft. for the 3 bedroom condos.  This complex opened in 1985 and the last section was completed in 1989.

This community offers ample green spaces along with 2 tennis courts, 2 pools, shuffleboard and a clubhouse. This is a 55 and over age restricted community.  There is one covered parking space (carport) for each home and extra uncovered spaces for guests and residents.  One small pet (under 15 lbs.) is permitted.

There is abundant green space and two small lakes for serene water views for most homes in Montego Cove.  Those without water views have private preserve views.

An excellent location close to great restaurants and the fishing center of Stuart in Port Salerno and just a short few minutes to access I-95 and points north or south only a few hours away.  Medical facilities as well as professional services are also only a short distance away.

As of June 2016 the Condo fee is $410 per month.  This includes the maintenance, insurance and upkeep of all the common areas and facilities as well as each building, trash pickup, management, cable TV, and pest control.

Click here to see the available Montego Cove condos for sale