Orchid Bay Palm City FL April 2018 Market Report
There are currently 4 homes listed for sale in Orchid Bay. List prices ranged from $467,000 up to $599,000 for an average list price of $541,225 which is $226.65 per sq. ft. of living area.
Only 1 home is currently under contract and awaiting sale. The list price was $530,000 or $202.60 per sq. ft. of living area. This home was on the market for 130 before going under contract.
In the past 12 months, 6 homes have sold in Orchid Bay. Sales prices ranged from $375,000 up to $585,000 for an average sold price $473,343 which works out to $164.42 per sq. ft. of living area. These 6 homes averaged 90 days on the market before the sellers accepted an offer and sold for an average of 96% of the listed price.
About 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.
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.
HOA fees at the time of this writing (April 2018) 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.
Children of Orchid bay attend wonderful schools: Palm City Elementary, Hidden Oaks Middle and Martin County High.
Search here for all available Orchid Bay Homes for Sale
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Waterfront and Golf Course Communities in Martin and Saint Lucie Counties
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