Martin County REALTORS® of the Treasure CoastActive Under ContractMLS® M20055420
$1,050,000
5023 SW Martin Commons Way, Palm City, FL 34990
- Beds
- 4
- Baths
- 3
- Sqft
- 2,935
- Home type
- Single Family Residence
- Year built
- 2018
- Lot size
- 206,474 sqft
- Price / sqft
- $358
- HOA
- $13/mo
- Community
- Palm City Farms
Property description
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, Tesla EV charger, and upgraded well and irrigation systems. The cleared homesite offers generous usable space for everyday living, entertaining, and recreation, while preserved natural surroundings create a serene, wooded backdrop, remarkable privacy, and peaceful views rarely found in South Florida. Luxury, function, and tranquility come together in this exceptional property.
Listing activity
- Days on market
- 150
- Listed
- Apr 24, 2026
- MLS listing updated
- Sep 21, 2026
- Feed last checked
- 5 minutes ago
Listed by Melissa Stallings · RE/MAX of Stuart - Palm City
Map
Map location is based on MLS-supplied coordinates. Verify the location before relying on it.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms
- 4
- Bathrooms
- 3
- Bathrooms (decimal)
- 3
- Full bathrooms
- 3
- Half bathrooms
- 0
Rooms & features
- Rooms
- 0
Heating & cooling
- Heating
- Central
- Cooling
- Central Air
Property
Parking
- Parking spaces
- 3
- Covered spaces
- 0
Exterior
- Stories
- 1
- Building area
- 3,631 sqft
- Pool
- Yes
- Pool features
- Heated, In Ground, Salt Water
- Waterfront property
- No
Lot
- Lot size
- 206,474 sqft
- Lot size (acres)
- 4.74 acres
Construction
Type & style
- Home type
- Single Family Residence
- Structure type
- House
- Architectural style
- Mediterranean
- Year built
- 2018
- New construction
- No
Materials
- Construction
- Block, Concrete
- Roof
- Barrel
- Property condition
- Resale
Utilities & green energy
Utilities
- Electric
- 200+ Amp Service
Community & HOA
Community
- Subdivision
- Palm City Farms
- MLS area
- 6100 - Palm City West/Indiantown
- MLS subarea
- MRTC - Martin County
- Pets allowed
- Number Limit, Size Limit, Yes
- 55+ community
- No
Association
- Has association
- Yes
- Association fee
- $12.5 monthly
- Estimated monthly dues
- $13
- Amenities
- None
Lease details
Not reported by the listing source.
Location
Area details
- City
- Palm City
- County
- Martin
- ZIP code
- 34990
Manufactured home details
Not reported by the listing source.
Financial & listing details
Listing
- MLS number
- M20055420
- Possession
- Negotiable
- Original list price
- $1,350,000
- Parcel number
- 223840000030000100
- Annual property tax
- $12,075
- Tax year
- 2025
- Tax legal description
- PALM CITY FARMS SEC 22 T38S R40E; W 1/2 OF TRACT 30 (LESS R/W)
Additional MLS details
Reported by the listing source
- Association Amenities
- None
- Association Fee Frequency
- Monthly
- Association
- Yes
- Bathrooms Total Decimal
- 3
- Bathrooms Total Integer
- 3
- Building Area Total
- 3631
- Construction Materials
- Block, Concrete
- County Or Parish
- Martin
- Days On Market
- 150
- Elementary School
- Citrus Grove (Martin)
- High School
- South Fork
- List Price
- 1050000
- Listing Contract Date
- 2026-04-24
- Living Area
- 2935
- Lot Size Acres
- 4.74
- Lot Size Area
- 206474.4
- MLSArea Major
- 6100 - Palm City West/Indiantown
- MLSArea Minor
- MRTC - Martin County
- Middle Or Junior School
- Hidden Oaks
- Mls Status
- Active Under Contract
- On Market Date
- 2026-09-07
- Parking Total
- 3
- Photos Count
- 37
- Postal Code
- 34990
- Price Change Timestamp
- 2026-08-25T13:09:13Z
- Property Sub Type
- Single Family Residence
- Property Type
- Residential
- Rooms Total
- 0
- Senior Community
- No
- Standard Status
- Active Under Contract
- State Or Province
- FL
- Status Change Timestamp
- 2026-09-21T19:40:34Z
- Stories Total
- 1
- Subdivision Name
- Palm City Farms
- Tax Annual Amount
- 12075
- Bathrooms Full
- 3
- Pool Private
- Yes
- Bedrooms Total
- 4
- Waterfront
- No
- Bathrooms Half
- 0
- Financial Information: Estimated Monthly Assoc Recurring Fee
- 13
Market value
Price history
| Date | Event | Price |
|---|---|---|
| Apr 24, 2026 | ListedMartin County REALTORS® of the Treasure Coast | $1,350,000$460/sqft |
| Aug 25, 2026 | Price reducedMartin County REALTORS® of the Treasure Coast | $1,050,000$358/sqft |
Public tax history
| Year | Property taxes | Assessment |
|---|---|---|
| 2025 | $12,075 | — |
Payment calculator
Estimated monthly payment$6,992/moIllustrative estimate, not a loan offer.
- Principal & interest
- $5,448
- Property taxes
- $1,006
- Insurance
- $525
- Association dues
- $13
Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.
Neighborhood
Area
Palm City FarmsPalm City · Martin County · 34990
Climate risk
—No licensed climate-risk source is connected.
Nearby schools
Citrus Grove (Martin)Elementary
—Hidden OaksMiddle
—South ForkHigh
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