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Community · Hobe Sound, FL
Papaya Village is a community in Hobe Sound, Martin County, Florida. Active listings are priced from $725,000 to $850,000.
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Market Overview
There are 3 active listings for sale in Papaya Village right now. The median list price is $850,000, or about $379 per square foot. Listings span $725,000 to $1,875,000, so there is inventory across most budgets. Homes are averaging 96 days on market. These figures update from the MLS as the market moves.
Papaya Village Market Stats
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About Papaya Village
Papaya Village is a community in Hobe Sound, Martin County, Florida. Active listings are priced from $725,000 to $850,000. Homes were built between 1979 and 1987. Pure Equity Realty lists homes in Papaya Village for 1% commission and represents buyers at no cost.
Homes & Architecture
Homes for sale in Papaya Village offer 4 to 6 bedrooms and 2 to 6 baths. Living areas run from about 1,984 to 4,948 square feet. The mix here includes single family homes. Current prices run from $725,000 to $1,875,000. The homes on the market were built between 1979 and 2006.
Amenities & Lifestyle
Papaya Village is a residential neighborhood, and its homeowners association maintains the shared areas and community standards.
Location
Papaya Village is located in Hobe Sound, part of Martin County, Florida. Residents are close to the shopping, dining, schools, and parks of the Hobe Sound area, with the wider job centers, beaches, and airports of the region within driving distance.
Buying in Papaya Village
Buying in Papaya Village follows the same path as the rest of Martin County. Getting a mortgage pre-approval first tells you your real budget and lets you move quickly when the right home comes up. Property taxes factor into the monthly payment: the median annual property tax in Martin County is about $3,120. Florida's homestead exemption lowers the taxable value of a primary residence, and the Save Our Homes cap limits how fast that assessed value can rise from year to year. Budget for homeowners insurance as well. Rates in Florida reflect wind and flood exposure, so gather quotes early and check whether a specific address sits in a FEMA flood zone. Once you are under contract, plan for a home inspection and, if you are financing, a lender appraisal, both of which fall inside the inspection period. Working with an agent who knows Hobe Sound means you see new listings in Papaya Village the day they reach the market.
Selling in Papaya Village
A successful sale in Papaya Village comes down to pricing, presentation, and marketing. List prices in Papaya Village currently center around $850,000, which is a starting reference for where a comparable home might be positioned. Homes that are decluttered, professionally photographed, and priced to recent comparable sales tend to draw the most interest in the first two weeks, when a listing is newest and gets the most views. Florida sellers usually pay the documentary stamp tax on the deed, currently $0.70 per $100 of the sale price in most counties, along with prorated property taxes and, by local custom in many areas, the owner's title insurance policy. We provide a no-obligation home valuation for Papaya Village owners in Hobe Sound, so you can see what your property could sell for before you commit to listing.
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