Banyan Groves At Hobe Sound Homes for Sale

Banyan Groves At Hobe Sound is a luxury community in Hobe Sound, Martin County, Florida. Properties are priced from $2,500,000 to $2,500,000. Pure Equity lists homes in Banyan Groves At Hobe Sound and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Banyan Groves At Hobe Sound and the Hobe Sound area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows a single listing for Banyan Groves At Hobe Sound Hobe Sound homes for sale as of October 2026. The median asking price is $2.5M.

That is 370% above the Hobe Sound median of $532,000. On a per-foot basis, homes here ask about $836 per square foot, compared with $295 across Hobe Sound. So the median price buys roughly 3,000 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 113 days on the market. That is faster than the Hobe Sound average of 143 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Banyan Groves At Hobe Sound date from 1945 to 2027. That puts them between 0 and 81 years old.

The range straddles 2002, when Florida adopted its statewide building code. Therefore two similar-looking homes here can carry very different insurance premiums. Ask for the wind mitigation report on any home you consider, since it drives much of that difference.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Banyan Groves At Hobe Sound has new construction. Builders usually require your agent to register you on the first visit, so bring your agent or call us before you walk in.

At a median near $2.5M, Banyan Groves At Hobe Sound sits in the luxury tier of Hobe Sound. Jumbo financing and proof of funds usually come up early in these negotiations.

Here is what the median Banyan Groves At Hobe Sound price means in Florida closing terms. At $2.5M, a 20% down payment comes to about $500,000, leaving a loan near $2.0M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $6,997. Next, the intangible tax of 0.2% adds about $3,998. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Banyan Groves At Hobe Sound median, that is about $17,493.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.