$1,200,000
$490K PRICE DROP

5244 SW Orchid Bay Dr Palm City, FL 34990

Estimated payment $7,904/month

Total Views 3,838
3 Beds
3 Baths
2,780 Sq Ft
$432 Price per Sq Ft

Highlights

  • Lake Front
  • Concrete Pool
  • Wood Flooring
  • Palm City Elementary School Rated A-
  • Gated Community
  • Attic

About This Home

Stunning Lakefront Property with Key West Style Home and Adjacent Lot. Welcome to your dream home! This beautiful, spacious Key West style residence is nestled on a picturesque lakefront lot, offering breathtaking views and serene living. The property includes an adjacent lot at 5266 Orchid Bay Drive. Together, both lots total over an acre, featuring magical gardens and serene lakefront views. This provides ample space and potential for expansion, creating your own private oasis or future development. An enchanting pool overlooks the lake, ideal for entertaining guests or unwinding after a long day. Enjoy picturesque sunsets and tranquil mornings by the lake, making every day feel like a vacation.

Listing Agent

Jill Arsenault

One Sotheby's Int'l Realty License #593987

One Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,113

Year Built

  • Built in 1999

Lot Details

  • Lake Front
  • Sprinkler System

HOA Fees

  • $197 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Lake
  • Garden

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,780 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Fireplace
  • Single Hung Metal Windows
  • French Doors
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Loft
  • Attic

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Home Security System
  • Security Gate
  • Fire and Smoke Detector

Pool

  • Concrete Pool
  • Free Form Pool

Outdoor Features

  • Wrap Around Porch

Schools

  • Palm City Elementary School
  • Hidden Oaks Middle School
  • Martin County High School

Utilities

  • Central Heating and Cooling System
  • Well
  • Gas Water Heater
  • Water Softener is Owned
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 433841002000004909

Community Details

Overview

  • Association fees include common areas
  • Orchid Bay, Captain's Subdivision

Recreation

  • Tennis Courts
  • Trails

Security

  • Card or Code Access
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,113

Year Built

Built in 1999

Lot Details

0

HOA Fees

$197 per month

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: SW Martin Hwy/Cty Hwy 714 (East of the turnpike). Right onto SW Mapp Rd, Right onto SW Sea Holly Way, Left onto SW Orchid Bay Dr.
  • Year Built: 1999
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Dining Area, Separate/Formal Dining Room, Dual Sinks, Entrance Foyer, Eat-in Kitchen, French Door(s)/Atrium Door(s), Fireplace, Pantry, Separate Shower, Walk-In Closet(s), Attic, Central Vacuum, Loft
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Cooktop, Dryer, Dishwasher, Disposal, Gas Water Heater, Microwave, Refrigerator, Water Softener Owned, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Hardwood, Wood
  • Living Area: 2780.0
  • Dining Room Type: Attic, Family Room, Laundry, Loft
  • Stories: 2
  • Window Features: Metal, Single Hung

Exterior Features

  • Exterior Features: Porch
  • View: Garden, Lake
  • Lot Features: Sprinklers Automatic
  • Pool Features: Concrete, Free Form, Other, Pool
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Frame
  • Patio And Porch Features: Wrap Around
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Garage Door Opener

Utilities

  • Laundry Features: Laundry Tub
  • Security: Security System, Security Gate, Key Card Entry, Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, Natural Gas Available
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee: 197.0
  • Community Features: Gated, Sidewalks, Tennis Court(s)
  • Senior Community: No
  • Amenities: Tennis Court(s), Trail(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas

Schools

  • Elementary School: Palm City
  • High School: Martin County
  • Middle Or Junior School: Hidden Oaks

Lot Info

  • Parcel #: 433841002000004909
  • Lot Size: 1 to < 2 Acres,Paved Roa
  • Zoning Description: Resident

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12113.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,914 $552,058 -- --
2023 $9,914 $501,871 $0 $0
2022 $9,217 $456,247 $0 $0
2021 $8,143 $414,770 $160,000 $254,770
2020 $7,612 $385,150 $140,000 $245,150
2019 $7,972 $400,800 $140,000 $260,800
2018 $7,855 $396,760 $140,000 $256,760
2017 $6,196 $366,950 $150,000 $216,950
2016 $6,100 $340,940 $125,000 $215,940
2015 $5,813 $343,850 $125,000 $218,850
2014 $5,813 $336,610 $115,000 $221,610
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2025 03/26/25 Price Changed $1,200,000 +20.0% $432 / Sq Ft
03/23/2025 03/23/25 Price Changed $1,000,000 -40.8% $360 / Sq Ft
09/06/2024 09/06/24 For Sale $1,690,000 -- $608 / Sq Ft
Source: BeachesMLS

Deed History

Date Type Sale Price Title Company
Special Warranty Deed $550,000 Majesty Title Services Llc
Deed $414,100 --
Quit Claim Deed -- Complete Title Solutions Inc
Warranty Deed $339,900 --
Warranty Deed $42,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $455,000 Amount Keyed Is An Aggregate Amount
Previous Owner $650,000 Unknown
Previous Owner $427,500 Stand Alone Refi Refinance Of Original Loan
Previous Owner $50,000 New Conventional
Previous Owner $50,000 New Conventional
Previous Owner $250,000 No Value Available
Source: Public Records

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Source: BeachesMLS

MLS Number: R11017766

BeachesMLS

APN: 43-38-41-002-000-00490-9