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Open: Sun 12:30pm-2:30pm
For saleErrorPrice cut: $50K (7/1)
$1,200,000
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
$409 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, ...

76 days
|
1,374
|
71
|

Likely to sell faster than

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: $409/sqft
  • Tax assessed value: $778,005
  • Annual tax amount: $11,592
  • Date on market: 4/25/2026
  • Cumulative days on market: 76 days
  • Listing terms: Cash,Conventional,FHA,VA Loan
  • Electric utility on property: Yes
  • Road surface type: Paved

Price history

DateEventPrice
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
$7,709/mo
Principal & interest
$6026
Property taxes
$1670
HOA Fees
$13
More affordability toolsChevron Right

Estimated market value

$1,156,100

$1.10M - $1.21M

$6,637/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

Open house

  • Sun, Jul 12

    12:30 PM - 2:30 PM

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