How do I schedule a tour of 5023 SW Martin Commons Way, Palm City, FL 34990?

Use the Tour button on this listing to request a showing of 5023 SW Martin Commons Way, Palm City, FL 34990. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.

Is 5023 SW Martin Commons Way, Palm City, FL 34990 still available?

5023 SW Martin Commons Way, Palm City, FL 34990 is currently listed as Under Contract, and has been on the market 143 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.

How much is the monthly payment for 5023 SW Martin Commons Way, Palm City, FL 34990?

With 20% down ($210,000) on the $1,050,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5023 SW Martin Commons Way, Palm City, FL 34990 is about $5,518/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.

How do I get pre-approved to buy 5023 SW Martin Commons Way, Palm City, FL 34990?

Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 5023 SW Martin Commons Way, Palm City, FL 34990. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.

Does 5023 SW Martin Commons Way, Palm City, FL 34990 have an HOA fee?

Yes: 5023 SW Martin Commons Way, Palm City, FL 34990 carries an HOA fee of about $13 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.

What schools serve 5023 SW Martin Commons Way, Palm City, FL 34990?

5023 SW Martin Commons Way, Palm City, FL 34990 is zoned for Citrus Grove (Martin) (elementary), Hidden Oaks (middle), South Fork (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.

Can I negotiate the price of 5023 SW Martin Commons Way, Palm City, FL 34990?

Often, yes. The right offer on 5023 SW Martin Commons Way, Palm City, FL 34990 depends on how it's priced against comparable single family sales in Palm City, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.

Under Contract

143 Days on Market

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$1,050,000

5023 SW Martin Commons Way

Palm City, FL 34990

Palm City Farms

Explore the area: Palm City homes for sale · Martin County real estate

Price Check

How this price compares

Asking price: $1,050,000
Price per sq ft: $358
Vs. nearby sales: 24.6% below
Days on market: 143

This 4-bedroom single-family home in Palm City Farms went under contract with an asking price of $1,050,000, or $358 per square foot. The asking price has come down 22.2% from its original $1,350,000. It spent 143 days on the market before going under contract. The 4 most recent single-family home sales in the closings shown below sold at a median of $475 per square foot, so the asking price was 24.6% below what comparable homes here actually sold for.

Bedrooms

Bathrooms

2,935

Living Sq Ft

2018

Year Built

Estimated monthly payment

$5,518 /mo

Principal and interest only, based on $210,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $13/mo HOA are not included.

Customize this estimate

Listing Snapshot

Price: $1,050,000
Days on Site: 143 Days
Bedrooms: 4
Total Baths: 3
Full Baths: 3
Partial Baths: 0
Living Area: 2,935 sqft
Total Sq Ft: 4,158 sqft
Lot Size: 4.74 Acres
Year Built: 2018
Property Type: Single Family
MLS #: B26019091
Property Tax: $11,592 (2025)
HOA Fees: $13 / Monthly
Subdivision: Palm City Farms
County: Martin
Status: Under Contract
Special Conditions: Standard

About This Property

Custom-built in 2018, this Palm City estate offers exceptional privacy, refined indoor-outdoor living, and thoughtful upgrades in one of the area's most desirable communities. Features include impact glass throughout, chef-inspired kitchen with dual islands and premium appliances, heated saltwater pool and spa, screened patio, fire pit gathering area, expanded paver driveway, Tesla EV charger, and upgraded well and irrigation systems. The cleared homesite offers generous usable space for everyday living, entertaining, and recreation, while preserved natural surroundings provide a serene wooded backdrop, remarkable privacy, and peaceful views rarely found in South Florida. Luxury, function, and tranquility come together in this exceptional property.

MLS media link

General Features

Property Type: Single Family
Status: Under Contract
Year Built: 2018
Property Condition: Resale
Number of Stories: 1
Levels: One
Garage Spaces: 3
Attached Garage: Yes
Parking: Attached / Driveway / Garage / Gravel
Direction Faces: South
Lot Size (Acres): 4.74
Living Sq Ft: 2,935
Total Sq Ft: 4,158
Structure Type: House
Sewer: Septic Tank
Water Source: Well
Zoning: A-2, future AG

Interior Features

Appliances: Dryer / Dishwasher / Electric Range / Electric Water Heater / Freezer / Disposal / Ice Maker / Microwave / Oven / Refrigerator / Vented Exhaust Fan / Water Heater / Washer
Cooling: Central Air / Ceiling Fans
Heating: Central
Flooring: Other
Spa: Yes
Spa Features: Above Ground
Interior Features: Breakfast Bar / Breakfast Area / Bathtub / Dining Area / Separate Formal Dining Room / Dual Sinks / Entrance Foyer / High Ceilings / Kitchen Island / Kitchen Dining Combo / Main Level Primary / Pantry / Split Bedrooms / Soaking Tub / Separate Shower / Vaulted Ceilings / Walk In Closets
Laundry: Main Level / Laundry Room
Windows: Blinds / Storm Windows
Main Level Bedrooms: 4
Main Level Baths: 3
Total Rooms: 3

Exterior Features

Construction: Concrete
Roof: Barrel
Exterior Features: Lighting
Architectural Style: Contemporary / Mediterranean
Private Pool: Yes
Pool Features: Gunite / Heated / In Ground / Pool Spa Combo
Lot Features: Cul De Sac / Fruit Trees / Landscaped / Many Trees / Sprinklers Automatic / Sprinkler System
View: Garden / Preserve

Community & HOA

HOA Fee: $13 / Monthly
HOA Includes: Legal Accounting
Association Amenities: None
Community Features: Home Owners Association
Utilities: Electricity Connected
Pets Allowed: No Pet Restrictions / Yes
Financing Terms: Cash / Conventional / FHA / Va Loan
Restrictions: No Restrictions / Ok To Lease / Environmental Restrictions
MLS Area: 6100 - Palm City West/Indiantown

Schools

Elementary School: Citrus Grove (Martin)
Middle School: Hidden Oaks
High School: South Fork

About the Community

Palm City Farms

View Community Details →

Palm City Farms is a luxury community in Palm City, Martin County, Florida. Properties are priced from $950,000 to $7,000,000. Pure Equity lists homes in Palm City Farms and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Homes for Sale: 13
Under Contract: 2
Median List Price: $1,495,000
Median Sale Price (September): $1,700,000
Median $/Sq Ft: $538
Avg Days on Market: 162

View all 13 homes for sale in Palm City Farms →

Frequently Asked Questions

How do I schedule a tour of 5023 SW Martin Commons Way, Palm City, FL 34990?: Use the Tour button on this listing to request a showing of 5023 SW Martin Commons Way, Palm City, FL 34990. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
Is 5023 SW Martin Commons Way, Palm City, FL 34990 still available?: 5023 SW Martin Commons Way, Palm City, FL 34990 is currently listed as Under Contract, and has been on the market 143 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
How much is the monthly payment for 5023 SW Martin Commons Way, Palm City, FL 34990?: With 20% down ($210,000) on the $1,050,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5023 SW Martin Commons Way, Palm City, FL 34990 is about $5,518/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
How do I get pre-approved to buy 5023 SW Martin Commons Way, Palm City, FL 34990?: Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 5023 SW Martin Commons Way, Palm City, FL 34990. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
Does 5023 SW Martin Commons Way, Palm City, FL 34990 have an HOA fee?: Yes: 5023 SW Martin Commons Way, Palm City, FL 34990 carries an HOA fee of about $13 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
What schools serve 5023 SW Martin Commons Way, Palm City, FL 34990?: 5023 SW Martin Commons Way, Palm City, FL 34990 is zoned for Citrus Grove (Martin) (elementary), Hidden Oaks (middle), South Fork (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
Can I negotiate the price of 5023 SW Martin Commons Way, Palm City, FL 34990?: Often, yes. The right offer on 5023 SW Martin Commons Way, Palm City, FL 34990 depends on how it's priced against comparable single family sales in Palm City, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.

Listing courtesy of RE/MAX of Stuart

Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.

$1,050,000

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Listed by Melissa Stallings, RE/MAX of Stuart

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Recently sold homes in Palm City Farms

These are the last 6 recorded closings in Palm City Farms, with the price each home actually sold for rather than what it was listed at. They closed at a median of $519 per square foot. The most recent closed on September 25, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.