Aerial view of Pinewood

Pinewood
Homes for Sale in Lake Butler, FL

Community in Lake Butler · Union County · ZIP 32054
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Built fromLive realMLS data6 years of closingsUpdated twice daily

As of November 2026, the MLS records 1 closed sale in Pinewood in Lake Butler, FL, the most recent in May 2020. Across Lake Butler as a whole, 28 homes closed in the last 12 months at a median of $239,450, 55 median days on market, with 17 homes for sale today. At that median and Union County's FY2025-26 rate of 17.23 mills, annual property tax runs about $4,130 ($3,430 with the full homestead exemption).

Jon Brooks, Co-Founder of Momentum Realty
Jon's Read · written July 12, 2026

Pinewood sits in Lake Butler, in Union County, and it trades as a small, thin market rather than a high-volume one. With the snapshot we have as of mid-2026, there is no median price or day-count to anchor a hard read, so price here is driven by the individual property far more than by any neighborhood-wide trend. Condition, lot, and how a given home shows will move the number more than comparable sales can.

For a buyer, that means patience and a willingness to underwrite each listing on its own merits. For a seller, it means pricing off the actual condition of your home rather than a headline figure, because thin inventory cuts both ways: fewer comps to lean on, and fewer directly competing listings when you do come to market.

Figures in this note are as of July 12, 2026. The live market numbers elsewhere on this page update nightly and are newer.

Nearby homes for sale

No active listings inside Pinewood right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.

4629 MERRIMAC Avenue
$225K · 0.3 mi away
3 bd · 2 ba · 1,400 sqft
4629 MERRIMAC Avenue
Listed by LA ROSA REALTY NORTH FLORIDA, LLC.
5239 GLENWOOD Avenue
$225K · 0.3 mi away
3 bd · 1 ba · 1,260 sqft
5239 GLENWOOD Avenue
Listed by EAZ REALTY LLC
1332 PLACID Place
$210K · 0.3 mi away
3 bd · 1 ba · 1,014 sqft
1332 PLACID Place
Listed by EXP REALTY LLC
4649 SHELBY Avenue
$390K · 0.4 mi away
3 bd · 2 ba · 1,548 sqft
4649 SHELBY Avenue
Listed by WATSON REALTY CORP
1456 DANBURY Road
$235K · 0.4 mi away
3 bd · 2 ba · 1,681 sqft
1456 DANBURY Road
Listed by ENTERA REALTY LLC
1320 PLACID Place
$230K · 0.4 mi away
3 bd · 2 ba · 1,362 sqft
1320 PLACID Place
Listed by BETTER HOMES & GARDENS REAL ESTATE LIFESTYLES REALTY

Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.

The 60-Second Overview

Pinewood is a small-market pocket of Lake Butler in Union County, well outside the higher-turnover coastal corridors of Northeast Florida. Expect a market where individual properties, not neighborhood averages, set the tone.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

Best for

  • Buyers seeking a rural Lake Butler setting who value acreage and space over walkable density
  • Long-hold buyers comfortable underwriting a single property on its own condition and lot
  • Cash or flexible-financing buyers who can move without waiting on a stack of comps

Probably not for

  • Buyers who need to resell quickly and count on steady, high-volume turnover
  • Buyers who rely on tight comparable-sales data to justify an offer
  • Buyers wanting a dense, amenity-rich, walkable location near the coastal corridors

The market around Pinewood

Pinewood is too small for its own price trend, so here is the market around it.

In ZIP 32054, 6 homes are on the market and 17% are under contract — a slower corner of Lake Butler.

Across Union County, 227 homes are active and 36 pending (14% under contract).

In ZIP 32054 (Lake Butler), 29 homes closed in the last 12 months at a median of $170K ($141/sq ft), down 7.3% year over year, with a median 20 days on market. Right now 3 active and 2 pending listings put supply at about 1.2 months — a healthy market. See the live ZIP 32054 housing market and the Union County market.

ZIP and county figures describe the wider market, not Pinewood specifically. Momentum Research analysis of MLS records.

If we were buying in Pinewood 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 Pinewood.

Best Buy
Buyers who want a rural Union County footprint and will evaluate homes one at a time.
Biggest Risk
Thin comps make pricing and resale harder to pin down.
Sweet Spot
A well-maintained home on a lot you have personally vetted.
Avoid If
You need fast liquidity or a deep pool of comparable sales.

A thin, property-by-property market

The defining feature of Pinewood is scale. This is a low-volume area in a rural county, which means the usual statistical tools — median trends, absorption rates, tidy price bands — carry less weight than they would in a busier submarket. Two homes here can price very differently based on land, structure, and updates, and neither tells you much about the third.

Practically, that raises the value of on-the-ground diligence: walking the property, checking the systems, and understanding the lot. It also lengthens the timeline expectation on both sides. Buyers should not assume a competing bidder is around every corner, and sellers should not assume a fast, formulaic sale. The right price is the one that matches the specific asset in front of you.

“

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

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

In a thin market like Pinewood, the edge is local judgment, not a dashboard. We underwrite each property individually, tell you plainly when a listing is priced off condition rather than the market, and we will say so when the community is not the right fit for your goals. That candor matters more where comparable sales are scarce.

Pinewood in 15 seconds.

Best forBuyers who want a rural Union County footprint and will evaluate homes one at a time.
Biggest advantageLow competition and room to negotiate on the merits of the specific property.
Biggest riskThin comps make pricing and resale harder to pin down.
Sweet spotA well-maintained home on a lot you have personally vetted.
Avoid ifYou need fast liquidity or a deep pool of comparable sales.
The takeaway

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

What is your Pinewood home worth?

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Real comps, not an automated estimate.
Buyers seeking a rural Lake Butler setting who value acreage and space over walkable densityExcellent fit
Long-hold buyers comfortable underwriting a single property on its own condition and lotExcellent fit
Cash or flexible-financing buyers who can move without waiting on a stack of compsExcellent fit
Buyers who need to resell quickly and count on steady, high-volume turnoverProbably not
Buyers who rely on tight comparable-sales data to justify an offerProbably not
Buyers wanting a dense, amenity-rich, walkable location near the coastal corridorsProbably not

Data sources & freshness

Under-contract sharesrealMLS records, as of 2026-11-12
Historical depthClosed-sale records back to 2020 (1 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 realMLS 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.

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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. A Momentum agent can price yours against live local comps.

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Nearby Communities

Explore more neighborhoods near Pinewood with Momentum Realty’s local guides.

Saddle Brook0.9 mi awayUnion Investment1.8 mi awayWorthington Springs Pl2.0 mi awayOak Grove2.3 mi away · 32 homes, built 1957–24CCreekside2.3 mi awayRiver Bend Estates2.4 mi awayRiverbend2.6 mi away

Browse all neighborhood guides →

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