Orchid Bay Real Estate Market Report October 2023

Orchid Bay Real Estate Market Report October 2023

There is 1 Orchid Bay home listed for sale in Palm City FL. The list price is $1,499,000 which is $361.29 per sq. ft. of living area.

There is also 1 Orchid Bay home presently under contract.  The list price was $839,900 or $321.80 per sq. ft. of living area. This home was on the market for 19 days before going under contract.

In the past 12 months, 7 Orchid Bay homes have sold.  Sales prices ranged from $654,900 up to $1,500,000.  This is an average sales price of $949,486 which works out to $316.24 per sq. ft. of living area.  These homes averaged 23 days on the market before going under contract and sold for an average of 98% of the list price.

Click here to view the previous Orchid Bay market report!

About Orchid Bay in Palm City:

Orchid Bay real estate in Palm City Florida
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Lake Grove and Orchid Bay Homes for Sale:

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 1990s 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.

Orchid Bay real estate in Palm City Florida

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 include maintenance of the roads, trash pickup, and 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.

Entrance to Orchid Bay in Palm City FL

Search here for all available Orchid Bay Homes for Sale

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.

Orchid Bay Real Estate Market Report October 2023

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