Palm Grove Colony
Homes for Sale in Weeki Wachee, FL

Palm Grove Colony market snapshot (as of September 20, 2026): the median sale price is about $370K ($304 per sq ft over the trailing 12 months of closed sales), a median 45 days on market for closed sales, and 3.6 months of supply, a balanced market. The trailing-12-month median is up 15% from the prior 12 months, computed from record-level Stellar MLS closed sales (9 closings in the current window).

In ZIP 34607 (Weeki Wachee), 138 homes closed in the last 12 months at a median of $542K ($320/sq ft), up 2.9% year over year, with a median 76 days on market. Right now 79 active and 12 pending listings put supply at about 6.9 months - a buyer's market. See the live ZIP 34607 housing market and the Hernando County market.

County records show 7 qualified sales in Palm Grove Colony across 2024 - 2025 (3 in 2024, 4 in 2025), median $200,000 - the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Flood zones in Palm Grove Colony: of 11 listing addresses checked against the FEMA National Flood Hazard Layer, 100% are in an A-series high-risk zone where flood insurance is required with a federally backed mortgage. Individual parcels vary - verify any specific address at msc.fema.gov. See flood zones by neighborhood in Weeki Wachee.

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).

Palm Grove Colony is a small, 99-home pocket in Weeki Wachee where the housing stock ranges from early-1950s construction to brand-new builds, so no two listings compare neatly. With just a handful of homes active at a time, it trades quietly rather than in volume.

• 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.

The defining feature here is variety within a tight footprint. A seven-decade construction range means you will find original mid-century homes next to recent builds, and the median living area near 2,072 square feet points to real houses rather than cottages. Because condition varies this widely, the median price is best understood as a midpoint, not a going rate - what you pay turns on how much of the home has been updated.

No community amenities surface in the current MLS listings, so this is not an HOA-amenity play. The appeal is the setting and the individual home. With homestead occupancy near 46%, roughly half the homes are owner-occupied, which tells you this is a lived-in area rather than a pure rental or seasonal block, though neither extreme dominates.

In a 99-home community with only a few listings active at once, the comps are thin and the spread between a dated home and an updated one is wide. We price and position against condition, not a blanket median, and we know how to read a 45-day market where a single sale can skew the averages. That judgment is what keeps a seller from leaving money on the table and a buyer from overpaying for finish.