Orchid Bay Palm City FL October 2014 Market Update

There are currently 3 homes available to purchase in Orchid Bay.  List prices range from $389,900 to $525,000.  The average listing price is $463,300 which equates to $162.59 per sq. ft. of living area.

One home is under contract and awaiting sale.  The list price is $489,900 which is $164.45 per sq. ft. of living area.

In the past 12 months, 10 homes have sold in Orchid Bay.  Sales prices ranged from $319,101 to $510,000 for an average sold price $422,460 which equals $147.80 per sq. ft. of living area.  These 10 sales included one foreclosure and one short 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 homesites (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 are $415 per quarter.   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

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Orchid Bay Palm City FL October 2014 Market Update