$950,000
Sold · October 14, 2026
5023 SW Martin Commons Way
Explore the area: Palm City homes for sale · Martin County real estate
Sale Summary
What this home sold for
- Sold price
- $950,000
- Vs. list price
- 9.5% under
- Days on market
- 150
- Price per sq ft
- $324
This 4-bedroom single-family home in Palm City Farms sold for $950,000 on October 14, 2026. That was 9.5% below its final list price of $1,050,000. It first came on the market at $1,350,000, so the price was adjusted before it sold. It spent 150 days on the market. At $324 per square foot, it closed 24.8% below the $431 median of the 3 other single-family home sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $950,000
- Sold On
- October 14, 2026
- Days on Site
- 150 Days
- Bedrooms
- 4
- Total Baths
- 3
- Full Baths
- 3
- Partial Baths
- 0
- Living Area
- 2,935 sqft
- Total Sq Ft
- 3,631 sqft
- Lot Size
- 4.74 Acres
- Year Built
- 2018
- Property Type
- Single Family
- MLS #
- M20055420
- Property Tax
- $12,075 (2025)
- HOA Fees
- $13 / Monthly
- Subdivision
- Palm City Farms
- Development
- Palm City Farms
- County
- Martin
- Status
- Sold
About This Property
Custom-built in 2018, this Palm City estate offers refined indoor-outdoor living, thoughtful upgrades, and exceptional privacy 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 create a serene, wooded backdrop, remarkable privacy, and peaceful views rarely found in South Florida. Luxury, function, and tranquility come together in this exceptional property.
General Features
- Property Type
- Single Family
- Status
- Sold
- Year Built
- 2018
- Property Condition
- Resale
- Number of Stories
- 1
- Lot Size (Acres)
- 4.74
- Living Sq Ft
- 2,935
- Total Sq Ft
- 3,631
- Structure Type
- House
Interior Features
- Cooling
- Central Air
- Heating
- Central
- Interior Features
- Bathtub / Dual Sinks / Soaking Tub / Separate Shower
Exterior Features
- Construction
- Block / Concrete
- Roof
- Barrel
- Architectural Style
- Mediterranean
- Private Pool
- Yes
- Pool Features
- Heated / In Ground / Salt Water
Community & HOA
- HOA Fee
- $13 / Monthly
- Association Amenities
- None
- Community Features
- Home Owners Association
- Pets Allowed
- Number Limit / Size Limit / Yes
- Financing Terms
- Cash / Conventional / FHA / Va Loan
- Restrictions
- Other 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 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
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 Sold, and has been on the market 150 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 - Palm City
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 September 27, 2026.
$950,000
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Listed by Melissa Stallings, RE/MAX of Stuart - Palm City
Map & Location
Cities in Martin County
Zip Codes in Martin County
Property Types
Recent Sales
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 $431 per square foot. The most recent closed on October 15, 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.
Sold$1,500,000
Sold · October 15, 2026
4496 SW 96TH Street
0 bed · 0 bath
$250,000 under the asking price
Sold$950,000
Sold · October 14, 2026
5023 SW Martin Commons Way
4 bed · 3 bath · 2,935 sqft · $324/sqft
$100,000 under the asking price
Sold$1,000,000
Sold · September 25, 2026
6347 SW Travers Street
3 bed · 3 bath · 2,319 sqft · $431/sqft
$70,000 under the asking price
Sold$650,000
Sold · September 24, 2026
9935 SW Citrus
0 bed · 0 bath
$600,000 under the asking price
Sold$1,500,000
Sold · September 24, 2026
4496 SW 96th Street
0 bed · 0 bath
$1,000,000 under the asking price
Sold$2,400,000
Sold · September 1, 2026
4836 SW Savage Street
5 bed · 5.5 bath · 4,349 sqft · $552/sqft
$95,000 under the asking price
See every recorded sale in Palm City Farms or find out what your Palm City Farms home is worth.
