Orchid Bay Palm City FL October 2015 Market Update
There are currently 6 homes available to purchase in Orchid Bay. List prices range from $469,000 to $599,000. The average listing price is $515,983 which equates to $178.67 per sq. ft. of living area.
2 homes are under contract and awaiting sale. The list prices are $375,000 and $489,000 which average to $432,450 and is $163.54 per sq. ft. of living area. These two homes averaged 180 days on the market before going under contract.
In the past 12 months, 10 homes have sold in Orchid Bay. Sales prices ranged from $350,000 to $559,000 for an average sold price $472,600 which equals $163.26 per sq. ft. of living area. These 10 homes averaged 65 days on the market before the sellers accepted an offer and sold for an average of 94% of the listed price.
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.
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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