Lake Grove
Homes for Sale in Palm City, FL

Lake Grove market snapshot (as of September 20, 2026): the median sale price is about $801K ($284 per sq ft over the trailing 12 months of closed sales), and a median 91 days on market for closed sales.

In ZIP 34990 (Palm City), 322 homes closed in the last 12 months at a median of $765K ($280/sq ft), up 0.5% year over year, with a median 63 days on market. Right now 54 active and 23 pending listings put supply at about 5.1 months — a balanced market. See the live ZIP 34990 housing market and the Martin County market.

County records show 7 qualified sales in Lake Grove across 2024–2025 (6 in 2024, 1 in 2025), median $825,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Lake Grove is a community of 64 homes in Palm City, Martin County, built between 1993 and 2006 (median 1998.0), with a median living area of about 2,876 square feet. 91% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Lake Grove is a Palm City enclave where lot and water dictate value more than the house itself, and a median time on market over four months gives serious buyers room to be selective.

Lake Grove isn't a cookie-cutter subdivision. It's a collection of waterfront and near-water homes where the canal, lake access, or preserve view is the asset and the house is the platform. The $840K median price reflects that hierarchy: lot and water first, then improvements. You'll find a range of vintages and finishes, and condition spreads matter—what's priced at the median on a prime lot may be dated inside, while a renovated interior on a less-desirable parcel can sit longer.

Inventory is thin. Three closings in the recent window means turnover is low and choices are limited. When something hits that matches your criteria—direct water access, southern exposure, dock-ready seawall—hesitation costs you months. The 143-day median DOM reflects this same dynamic from the seller side: patience is required, but the right buyer will pay for the right setup.

Martin County's position between the St. Lucie and Palm Beach markets gives Lake Grove geographic appeal for buyers who want water without the density or price floor of Jupiter or Stuart's downtown corridor. You're trading walkability and resort-style amenity packages for privacy, space, and direct waterway access. If you need a clubhouse, fitness center, or guarded gate, this isn't your stop.

Lake Grove rewards local intelligence. Our agents know which canals offer ocean access, which lots flood in a hard rain, and which seller-side appraisals are inflated by outdated comps. In a market with long days-on-market and thin inventory, we'll tell you when to hold and when to write, and we'll walk you away from a bad lot before you fall in love with a floor plan. You need a broker who knows the difference between a premium and a markup.

Listings in this community report association dues of about $142 per month ($1,704 a year) — the median AssociationFee across 36 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.