How do I schedule a tour of 5508 SW ORCHID BAY Drive, Palm City, FL 34990?

Use the Tour button on this listing to request a showing of 5508 SW ORCHID BAY Drive, 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 5508 SW ORCHID BAY Drive, Palm City, FL 34990 still available?

5508 SW ORCHID BAY Drive, Palm City, FL 34990 is currently listed as Under Contract, and has been on the market 11 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 5508 SW ORCHID BAY Drive, Palm City, FL 34990?

With 20% down ($279,178) on the $1,395,888 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5508 SW ORCHID BAY Drive, Palm City, FL 34990 is about $7,336/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 5508 SW ORCHID BAY Drive, Palm City, FL 34990?

Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 5508 SW ORCHID BAY Drive, 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 5508 SW ORCHID BAY Drive, Palm City, FL 34990 have an HOA fee?

Yes: 5508 SW ORCHID BAY Drive, Palm City, FL 34990 carries an HOA fee of about $197 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 5508 SW ORCHID BAY Drive, Palm City, FL 34990?

5508 SW ORCHID BAY Drive, Palm City, FL 34990 is zoned for Palm City (elementary), Hidden Oaks (middle), Martin County (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 5508 SW ORCHID BAY Drive, Palm City, FL 34990?

Often, yes. The right offer on 5508 SW ORCHID BAY Drive, 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.

Photos Coming Soon

Under Contract

11 Days on Market

All Listings

$1,395,888

5508 SW ORCHID BAY Drive

Palm City, FL 34990

CAPTAIN'S CREEK (AKA ORCHID BAY)

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

Price Check

How this price compares

Asking price: $1,395,888
Price per sq ft: $338
Original price: Unchanged
Days on market: 11

This 5-bedroom single-family home in ZIP 34990 went under contract with an asking price of $1,395,888, or $338 per square foot. It spent 11 days on the market before going under contract.

Bedrooms

Bathrooms

4,129

Living Sq Ft

2001

Year Built

Estimated monthly payment

$7,336 /mo

Principal and interest only, based on $279,178 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $197/mo HOA are not included.

Customize this estimate

Listing Snapshot

Price: $1,395,888
Days on Site: 11 Days
Bedrooms: 5
Total Baths: 4
Full Baths: 3
Partial Baths: 1
Living Area: 4,129 sqft
Total Sq Ft: 5,733 sqft
Lot Size: 0.52 Acres
Year Built: 2001
Property Type: Single Family
MLS #: B26093330
Property Tax: $6,869 (2025)
HOA Fees: $197 / Monthly
Subdivision: CAPTAIN'S CREEK (AKA ORCHID BAY)
Development: Orchid Bay
County: Martin
Status: Under Contract
Special Conditions: Standard

About This Property

EXCEPTIONAL CUSTOM BUILT LAKEFRONT ESTATE IN GATED ORCHID BAY! Discover extraordinary craftsmanship, timeless elegance, and breathtaking panoramic lake views in this distinctive two story custom-built residence in Palm City's desirable Orchid Bay community. Offering 4,129 square feet of luxurious living space and 5,733 total square feet, you will live the oversized 3 + C garage plus this remarkable home was thoughtfully designed and constructed by its original owner-builder with an emphasis on quality, strength, and architectural distinction. Featuring substantial 2 stories of concrete block and stucco construction, including the soffits, and a stunning standing-seam metal roof approximately three years new, this residence exemplifies enduring quality. The desirable first-floor primary suite offers convenience and comfort, while the spacious two-story design provides exceptional opportunities for entertaining and gracious everyday living. The true centerpiece is the spectacular panoramic lakefront setting, where expansive water views, refreshing natural breezes, and beautiful surroundings create an atmosphere of peace and tranquility. A rare opportunity to own a truly distinctive custom-built lakefront residence where quality construction, exceptional views, and the privacy of gated Orchid Bay come together in one extraordinary offering.

MLS media link

General Features

Property Type: Single Family
Status: Under Contract
Year Built: 2001
Property Condition: Resale
Number of Stories: 2
Levels: Two
Garage Spaces: 3
Attached Garage: Yes
Parking: Attached / Garage / Garage Door Opener
Direction Faces: Northwest
Lot Size (Acres): 0.52
Living Sq Ft: 4,129
Total Sq Ft: 5,733
Structure Type: House
Sewer: Septic Tank
Water Source: Well
Zoning: RES

Interior Features

Appliances: Dryer / Dishwasher / Disposal / Gas Range / Microwave / Oven / Refrigerator / Washer
Cooling: Central Air / Ceiling Fans / Zoned
Heating: Central / Electric / Zoned
Flooring: Carpet / Engineered Hardwood
Fireplace: Yes
Spa: Yes
Spa Features: In Ground
Interior Features: Wet Bar / Breakfast Bar / Cathedral Ceilings / Central Vacuum / Dining Area / Separate Formal Dining Room / Dual Sinks / Entrance Foyer / Eat In Kitchen / Jetted Tub / Pantry / Split Bedrooms / Separate Shower / Vaulted Ceilings / Walk In Closets
Laundry: Inside / Laundry Tub
Main Level Bedrooms: 1
Main Level Baths: 1
Total Rooms: 10
Furnished: Furnished

Exterior Features

Construction: Concrete / Stucco
Roof: Metal
Exterior Features: Outdoor Living Area / Porch
Architectural Style: Contemporary
Private Pool: Yes
Pool Features: In Ground / Screen Enclosure
Patio & Porch: Porch / Screened
Lot Features: Sprinklers Automatic
Waterfront: Yes
Waterfront Features: Lake Front / Lake Privileges
View: Lake / Water

Community & HOA

HOA Fee: $197 / Monthly
HOA Includes: Security
Association Amenities: Playground / Tennis Courts
Community Features: Home Owners Association / Gated
Security: Security System Owned / Gated Community / Smoke Detectors
Utilities: Sewer Available / Water Available
Pets Allowed: No Pet Restrictions / Yes
Financing Terms: Cash / Conventional / FHA / Va Loan
Restrictions: No Commercial Vehicles / Ok To Lease / Rental Restriction
MLS Area: 6090 - Palm City

Schools

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

About the Area

Palm City

View Palm City Real Estate →

Browse Palm City homes for sale across every neighborhood and price point in Martin. Available homes span single-family, townhome, and condo segments throughout the city. Palm City includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Martin, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Martin market data, see Florida Realtors' monthly statistics. Browse the latest Palm City listings below. Then connect with a Pure Equity agent to schedule a private showing.

Homes for Sale: 366
Under Contract: 77
Median List Price: $649,000
Median Sale Price (October): $700,000
Median $/Sq Ft: $281
Avg Days on Market: 116

View all 366 homes for sale in Palm City →

Frequently Asked Questions

How do I schedule a tour of 5508 SW ORCHID BAY Drive, Palm City, FL 34990?: Use the Tour button on this listing to request a showing of 5508 SW ORCHID BAY Drive, 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 5508 SW ORCHID BAY Drive, Palm City, FL 34990 still available?: 5508 SW ORCHID BAY Drive, Palm City, FL 34990 is currently listed as Under Contract, and has been on the market 11 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 5508 SW ORCHID BAY Drive, Palm City, FL 34990?: With 20% down ($279,178) on the $1,395,888 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5508 SW ORCHID BAY Drive, Palm City, FL 34990 is about $7,336/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 5508 SW ORCHID BAY Drive, Palm City, FL 34990?: Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 5508 SW ORCHID BAY Drive, 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 5508 SW ORCHID BAY Drive, Palm City, FL 34990 have an HOA fee?: Yes: 5508 SW ORCHID BAY Drive, Palm City, FL 34990 carries an HOA fee of about $197 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 5508 SW ORCHID BAY Drive, Palm City, FL 34990?: 5508 SW ORCHID BAY Drive, Palm City, FL 34990 is zoned for Palm City (elementary), Hidden Oaks (middle), Martin County (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 5508 SW ORCHID BAY Drive, Palm City, FL 34990?: Often, yes. The right offer on 5508 SW ORCHID BAY Drive, 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 Select Group

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 November 15, 2026.

$1,395,888

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Listed by Patrick A Stracuzzi Sr, RE/MAX Select Group

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Recently sold homes in ZIP 34990

These are the last 6 recorded closings in ZIP 34990, with the price each home actually sold for rather than what it was listed at. They closed at a median of $286 per square foot. The most recent closed on November 13, 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.