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For salePrice cut: $120K (8/25)
$1,050,000
4beds
2,935sqft

5023 SW Martin Commons Way, Palm City, FL 34990

4beds
2,935sqft
Single family residence
Built in 2018
4.74 Acres
3 Attached garage spaces
$358 price/sqft
$13/mo HOA

What's special

Peaceful viewsDual islandsFire pit gathering areaPremium appliancesChef-inspired kitchenImpact glass throughoutScreened patio

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.

122 days
|
2,872
|
145
|
Source: BeachesMLS,MLS#: B26019091MLS LogoOriginating MLS: BeachesMLS
Travel times

Family Room

Kitchen

Dining Room

Zillow last checked:

Listing updated:

Listed by:

Melissa Stallings 561-632-6937,

RE/MAX of Stuart

Source: BeachesMLS,MLS#: B26019091MLS LogoOriginating MLS: BeachesMLS

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bathrooms: 3
  • Main level bedrooms: 4
Heating
  • Central
Cooling
  • Central Air, Ceiling Fan(s)
Appliances
  • Included: Dryer, Dishwasher, Electric Range, Electric Water Heater, Freezer, Disposal, Ice Maker, Microwave, Oven, Refrigerator, Vented Exhaust Fan, Water Heater, Washer
  • Laundry: Main Level, Laundry Room
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 Ceiling(s), Walk-In Closet(s)
  • Flooring: Other
  • Doors: French Doors
  • Windows: Blinds, Storm Window(s)
  • Has fireplace: No
Interior area
  • Total structure area: 4,158
  • Total interior livable area: 2,935 sqft
Video & virtual tour

Property

Parking
  • Total spaces: 13
  • Parking features: Attached, Driveway, Garage, Gravel
  • Attached garage spaces: 3
  • Uncovered spaces: 10
Accessibility
  • Accessibility features: None
Features
  • Levels: One
  • Stories: 1
  • Exterior features: Lighting
  • Has private pool: Yes
  • Pool features: Gunite, Heated, In Ground, Pool/Spa Combo
  • Has spa: Yes
  • Spa features: Above Ground
  • Fencing: Partial
  • Has view: Yes
  • View description: Garden, Preserve
Lot
  • Size: 4.74 Acres
  • Features: Cul-De-Sac, Fruit Trees, Landscaped, Many Trees, Sprinklers Automatic, Sprinkler System
Details
  • Parcel number: 223840000030000100
  • Zoning: A-2, future AG
  • Special conditions: Standard

Construction

Type & style
  • Home type: SingleFamily
  • Architectural style: Contemporary,Mediterranean
  • Property subtype: Single Family Residence
Materials
  • Concrete
  • Foundation: Slab
  • Roof: Barrel
Condition
  • Resale
  • New construction: No
  • Year built: 2018

Utilities & green energy

  • Electric: 200+ Amp Service
  • Sewer: Septic Tank
  • Water: Well
  • Utilities for property: Electricity Connected

Community & HOA

Community
  • Features: Home Owners Association
  • Subdivision: Palm City Farms
HOA
  • Has HOA: Yes
  • Amenities included: None
  • Services included: Legal/Accounting
  • HOA fee: $13 monthly
Location
  • Region: Palm City

Financial & listing details

  • Price per square foot: $358/sqft
  • Tax assessed value: $778,005
  • Annual tax amount: $11,592
  • Date on market: 4/25/2026
  • Cumulative days on market: 122 days
  • Listing terms: Cash,Conventional,FHA,VA Loan
  • Electric utility on property: Yes
  • Road surface type: Paved

Price history

DateEventPrice
8/25/2026Price change$1,050,000-10.3%$358/sqft
Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20055420 Report a problem
7/27/2026Price change$1,170,000-2.5%$399/sqft
Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20055420 Report a problem
7/1/2026Price change$1,200,000-4%$409/sqft
Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20055420 Report a problem
5/27/2026Price change$1,250,000-3.8%$426/sqft
Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20055420 Report a problem
5/11/2026Price change$1,300,000-3.7%$443/sqft
Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20055420 Report a problem
4/25/2026Listed for sale$1,350,000+63.6%$460/sqft
Source: BeachesMLS #B26019091 Report a problem
12/20/2021Sold$825,000-15.4%$281/sqft
Source: Public Record Report a problem
8/30/2021Listing removed--
Source: BeachesMLS #RX-10727633 Report a problem
7/1/2021Listed for sale$975,000+30%$332/sqft
Source: BeachesMLS #RX-10727633 Report a problem
9/12/2020Listing removed$749,888$255/sqft
Source: RE/MAX Community #RX-10609802 Report a problem
3/13/2020Listed for sale$749,888+971.3%$255/sqft
Source: RE/MAX Community #M20022966 Report a problem
4/21/2015Sold$70,000-12.5%$24/sqft
Source: Public Record Report a problem
11/18/2011Sold$80,000-20%$27/sqft
Source: Public Record Report a problem
10/28/2002Sold$100,000$34/sqft
Source: Public Record Report a problem

Public tax history

YearProperty taxesTax assessment
2025$12,075 -1%$778,005 +2.9%
2024$12,192 +7.3%$756,079 +8.6%
2023$11,364 +3.5%$696,457 +3%
2022$10,976 +35%$676,172 +38.5%
2021$8,133 +1.6%$488,271 +1.4%
2020$8,008 -1.2%$481,530 +0%
2019$8,105 $481,420 +381.4%
2018$8,105 +341.1%$100,000 -5%
2017$1,837 +111.2%$105,210 +61.9%
2016$870 $64,990 -6%
2015$870 $69,150
2014$870 $69,150

Find assessor info on the county website

Monthly payment

Est. payment
$6,749/mo
Principal & interest
$5275
Property taxes
$1461
HOA Fees
$13
More affordability toolsChevron Right

Estimated market value

$1,024,100

$973,000 - $1.08M

$6,996/mo

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: 34990

Nearby schools

Citrus Grove Elementary School
Grades PK-5 • 0.4 miles
10/10
GreatSchools® Rating
Test Score Rating
10/10
Student Progress Rating
9/10
Hidden Oaks Middle School
Grades 6-8 • 2.1 miles
8/10
GreatSchools® Rating
Test Score Rating
8/10
Student Progress Rating
7/10
South Fork High School
Grades 9-12 • 7 miles
5/10
GreatSchools® Rating
Test Score Rating
6/10
College Readiness Rating
7/10
Student Progress Rating
3/10

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