Palm Grove Colony in Weeki Wachee

Palm Grove Colony
Homes for Sale in Weeki Wachee, FL

Community in Weeki Wachee · Hernando County · ZIP 34607
99 homesBuilt 1952–2024Median sale $360K
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Built fromLive Stellar MLS data14 years of closingsFL DOR public recordsUpdated twice daily

As of September 2026, Palm Grove Colony in Weeki Wachee, FL has 3 homes for sale. Over the 12 months ending 2026-09-12, 10 recorded sales closed at a median of $360,000, $298 per square foot, a median 65 days on market, sellers accepting 92% of original asking (-1% versus the prior year). Homes listed or recently sold were built 1960 - 2022; 3 listings state no HOA; 13 of the 13 geocoded homes sit in a FEMA special flood hazard zone (median elevation 4 ft). At the median price and Hernando County's FY2025-26 rate of 18.64 mills, annual property tax runs about $6,710 ($5,940 with the full homestead exemption).

Live · Palm Grove Colony Housing Pulse Stellar MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 10,000+ customers served · Top 1% in Florida (RealTrends)
Price
$360K
Median sold · 12 mo
down 1.4% vs the prior 12 months
-1.4%
1-yr price change
n = 10 and 5 sales in the two windows
$298/sf
Sold $/sqft · 12 mo
peak $361 in 2023
91.7%
Sale vs ask
Hernando median: 95.4%
Tempo
3.6mo
Supply
3 to 6 months is the balanced band
66days
Median DOM · closed
9 days at the 2024 low
0%
Under contract
Hernando: 27% (431 of 1,572)
3 · 0
For sale · pending
live counts, refreshed twice daily
10
Sold · last 12 mo
10-yr average: about 3 a year
Ownership and context
46%
Owner-occupied · Palm Grove Colony
51 of 111 parcels homesteaded (FL DOR 2025)
54%
Non-owner-occupied · Palm Grove Colony
incl. 8% trust or LLC-held · 100% out-of-state
99
Homes in the community
plus 12 vacant residential lots · 111 residential parcels (FL DOR 2025)
Track record · 14 years of records
Est. 1952
Community established
homes built 1952-2024, median 1982 (FL DOR 2025)
1,261sqft
Median sold home size
12-mo windows, closed sales
10.1%/yr
Turnover rate
about 10 of 99 homes trade a year

Homes For Sale Right Now in Palm Grove Colony

Live MLS inventory for Palm Grove Colony. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.

Active and pending Palm Grove Colony listings as of 2026-09-12, priced high to low. Based on Stellar MLS data distributed by MLS GRID for the period 2012 through 2026. Tap any home to ask about it.

Palm Grove Colony Housing Pulse · Momentum Research · as of September 12, 2026

Palm Grove Colony right now

🟡 Balanced market. 3.6 months of supply and 0% of the inventory already under contract put buyers and sellers on roughly even footing.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Stellar MLS records, as of September 12, 2026. Confidence: Medium (3 active and pending listings, 10 closed sales in 12 months).

🟡 Off the recent peak. The trailing-12-month median ($360K) is down 1.4% from the prior 12 months ($365K). With about 3 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Stellar MLS closed sales, 12-month windows ending September 12. Confidence: Low (10 and 5 sales in the two windows).

Jump to: Price history & scorecard · Homes for sale · Schools · FAQ

Updated September 12, 2026 · Live data: Stellar MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness

The 60-Second Overview

Palm Grove Colony market snapshot (as of September 12, 2026): the median sale price is about $360K ($298 per sq ft over the trailing 12 months of closed sales), a median 66 days on market for closed sales, and 3.6 months of supply, a balanced market. The trailing-12-month median is down 1% from the prior 12 months, computed from record-level Stellar MLS closed sales (10 closings in the current window).

Palm Grove Colony is a community of 99 homes in Weeki Wachee, Hernando County, built between 1952 and 2024 (median 1982.0), with a median living area of about 2,072 square feet. 46% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Windows contain 0 to 10 sales each (10 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on Stellar MLS data distributed by MLS GRID for the period 2012 through 2026. Deemed reliable but not guaranteed.

Median sale price · trailing 12 mo
$200K$400K20122014201620182020202220242026
Down 1.4% year over year.
Every sale since 2012 · price vs size
$0$200K$400K$600K1k2k2k
37 closed sales; green = recent. Size sets the floor, condition and lot set the rest.
Sold $ per sq ft · trailing 12 mo
$100$200$30020122014201620182020202220242026
Up from $108 in 2012 to a $361 peak in 2023; $298 now.
Median days on market · closed sales
05010020122014201620182020202220242026
9 days at the 2024 low; 66 now.
Sale price vs original ask · median
80%85%90%95%20122014201620182020202220242026
91.7% now vs Hernando 95.4%.
Homes sold per 12-mo window
051020122014201620182020202220242026
0 to 10 a year; 10 in the current window.

The real cost & risk here

Before the list price, the Florida math the portals skip. These are Hernando County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.

$1,898/mo
Hernando County typical true cost to own
$142/mo
Hernando County typical home insurance
Check CDD
Confirm before you offer

County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.

Palm Grove Colony Market Scorecard

Seller's market

Palm Grove Colony is currently a seller's market. About 3.6 months of supply, a median asking price of $530,000, and homes go under contract in about 12 days.

3.6
Months supply
$530,000
Median list
$360,000
Median sold
$415
Per sqft
12
Days on mkt
3/0/10
Active/Pend/Sold

Typical home value in the 34607 ZIP is $405,757, about 32.9% above the Florida norm (Zillow Home Value Index).

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

Live data: Stellar MLS, distributed by MLS GRID, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.

Housing distress & ownership in PALM GROVE COLONY, WEEKI WACHEE

Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.

Active inventory in distress
0.0%
0 of 4 listings
Distress share trend - 0.0% now (2026-08-10 → 2026-09-11)

Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on Stellar MLS data distributed by MLS GRID for the period September 2026 through September 2026. Deemed reliable but not guaranteed.

Listing locations from Stellar MLS. Map data © OpenStreetMap, tiles © CARTO.

Schools

In short
  • Hernando County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Westside Elementary SchoolFLDOE grade B · Elementary
  • Fox Chapel Middle SchoolFLDOE grade B · Middle
  • Weeki Wachee High SchoolFLDOE grade B · High

Grades are official Florida Department of Education school grades for 2025-26. Assignments are reported as of the 2025-26 year and can change; always confirm with Hernando County Public Schools for a specific address.

Buying with schools in mind? We can confirm the exact zoned schools for any Palm Grove Colony address.

If we were buying in Palm Grove Colony today, this is the order of operations we would run for our clients.

1

Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Palm Grove Colony.

A closer look at the Palm Grove Colony market

At a median of $298 per square foot, Palm Grove Colony prices sit in a fairly defined band, so condition and updates — more than the list price — tend to separate one home from the next.

Inventory runs at 3.6 months of supply, a balanced market and the trailing-12-month median down 1% year over year. Homes that do trade take a median 66 days on market, useful leverage on any listing that has lingered.

The housing stock is 99 homes built between 1952 and 2024, and 46% of parcels are homesteaded — the owner-occupancy proxy in the Florida DOR assessment roll.

The location and the amenities are priced into every listing in Palm Grove Colony. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty
5.3C · Buy Score
Recent Direction5.7/10
Liquidity & Demand6.4/10
Owner Commitment4.6/10
Pricing Power4.5/10

Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (5.3). Basis: Recent Direction -1.4% year-over-year; Liquidity & Demand 3.6 months of supply; Owner Commitment 46% owner-occupied; Pricing Power 91.7% sale-to-list. Refreshed with each data update.

HOA, CDD & Fees

In short
  • HOA status not on record. Verify any dues before you offer
  • Any club/amenity membership is billed separately

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

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Palm Grove Colony sales matched to your home.

What is your Palm Grove Colony home worth?

Get a no-obligation home value based on real comparable sales in Palm Grove Colony, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

See all homes for sale in Weeki Wachee →

Real comps, not an automated estimate.

Recently off market in Palm Grove Colony

Homes in Palm Grove Colony that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 2 on record.

Frequently Asked Questions

What is the median home price in Palm Grove Colony?
The median sale price in Palm Grove Colony was $360K over the 12 months ending September 12, 2026 (10 closed sales, Stellar MLS).
How long do homes in Palm Grove Colony take to sell?
Homes that closed in the 12 months ending September 12, 2026 took a median 66 days on market (10 sales, Stellar MLS).
Is Palm Grove Colony a buyer's or seller's market right now?
As of September 12, 2026, Palm Grove Colony is roughly balanced: 3.6 months of supply at the current sales pace (Stellar MLS live counts).
How many homes are in Palm Grove Colony?
The Florida DOR 2025 assessment roll shows 99 homes plus 12 vacant residential lots in Palm Grove Colony (public records).
What share of Palm Grove Colony is owner-occupied?
46% of Palm Grove Colony parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Palm Grove Colony built?
Homes in Palm Grove Colony were built between 1952 and 2024, with a median year built of 1982.0 (FL DOR 2025 roll).
What schools serve Palm Grove Colony?
Palm Grove Colony is served by Hernando County Public Schools, typically Westside Elementary School, Fox Chapel Middle School and Weeki Wachee High School. Confirm the exact zoning by address with the district.
Who is the best real estate agent for Palm Grove Colony?
The best agent for Palm Grove Colony is one who actively works Weeki Wachee and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Palm Grove Colony.
How do I find a top Weeki Wachee real estate agent who knows Palm Grove Colony?
Share a few details in the form on this page. Momentum Realty has 320+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Palm Grove Colony and the wider Weeki Wachee area.
Can Momentum Realty connect me with an agent for Palm Grove Colony?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Palm Grove Colony purchase or sale - no call center and no pressure.

Nearby Communities

Explore more neighborhoods near Palm Grove Colony with Momentum Realty’s local guides.

Weeki Wachee Gardens Add0.8 mi awayWeeki Wachee Gardens Weeki Wachee0.8 mi awayWWWeeki Wachee Shores0.8 mi awayWWWeeki Wachee River Retreats1.0 mi awayWaters Of Weeki Wachee2.1 mi awayWeeki Wachee Hills2.4 mi awayThe Heather Weeki Wachee2.6 mi awayFairway At The Heather Weeki Wachee2.9 mi away

Browse all neighborhood guides →

Data sources & freshness

Live listingsStellar MLS, refreshed twice daily (last: September 12, 2026)
Community market statsStellar MLS closed sales, 12-month windows ending September 12, 2026
Housing stock & ownershipFlorida DOR assessment roll (street-list match (3 streets, ZIP 34607))
Under-contract sharesStellar MLS records, as of 2026-09-08
Schools2025-26 district assignments + FLDOE school grades; verify with the district
Historical depthClosed-sale records back to 2012 (37 transactions analyzed)

Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.

Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.

Own a home here?

You just read the data. Now see what your home is worth.

The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live local comps.

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CallFree valuation →
Thinking of selling in Palm Grove Colony? 10 recorded closings; median 65 days on market (window ending 2026-09-12). See the Hernando County sell-now-or-wait data, what made 201,552 Florida listings fail in the last 12 months, or compare a cash offer vs. listing. Compiled from MLS records; deemed reliable but not guaranteed.
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