Orchid Bay Palm City FL April 2019 Market Report
There are currently 6 homes listed for sale in Orchid Bay. List prices range from $455,000 up to $799,000 for an average list price of $543,800 which is $181.57 per sq. ft. of living area.
There are 2 homes currently under contract in Orchid Bay. List prices were $529,999 and $629,000. This works out to an average list price of $579,500 or $198.60 per sq. ft. of living area. These homes were on the market for an average of 96 days prior to going under contract.
In the past 12 months, 7 homes have sold in Orchid Bay. Sales prices ranged from $435,000 up to $540,000 for an average sales price $499,571 which works out to $200.60 per sq. ft. of living area. These homes averaged 122 days on the market before going under contract and sold for an average of 95% of list price.
About Orchid Bay in Palm City:
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.
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 2019) 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
For any questions you may have about Orchid Bay, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here
Palm City Florida Real Estate
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties
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.
