Palm Pointe and Palm Isles October 2016 Market Report

There is currently only one active listings in Palm Pointe and Palm Isles. The list price for this home is $269,900 which is equal to $147.41 per sq. ft. of living area. At this time, there are 2 homes under contract which have not closed yet.  List prices were $229,000 and $275,000 which averages out to $252,000 or $150.15 per sq. ft. of living area.  These homes were on the market for an average of 41 days prior to going under contract. 14 homes have sold in the past 12 months.  Sales price ranged from $185,000 to $335,000 with the average sales price of $257,415 which works out to $130.56 per sq. ft. of living area.  These homes were on the market for an average of 73 days prior to going under contract and sold at an average of 96% of list price. Palm Pointe and Palm Isles are adjoining communities in Palm City just east of High Meadow Rd between Martin Downs Blvd and Martin Hwy. These gated communities are conveniently located close to both Florida’s Turnpike and I-95 making it a great location for those who commute to parts north or south for work, yet want to take advantage of the great school system and amenities that Martin County has to offer. Also within easy reach of shopping, restaurants and medical facilities as well as the many boat ramps and Marinas of Martin County.

There are a total of 128 homes that were built from 1990 through 1996 for Palm Pointe and 1999 to 2001 for Palm Isles. These two communities share a community pool, tennis courts and a playground.

Homes range in size from 2 bedroom, 2 bathroom homes of around 1,400 sq. ft. of living space plus a two car garage, up to 4 bedroom, 4 bath homes of around 2,400 sq. ft. plus garage. Many homes in these communities have their own private pools and a lucky few have wonderful lake views.

As of October 2016 HOA fess were just over $200 a month and this community allows large pets and rentals. There are vehicle restrictions for commercial trucks.

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