Papaya Village Homes for Sale

Papaya Village is a community in Hobe Sound, Martin County, Florida. Active listings are priced from $725,000 to $850,000. Homes were built between 1979 and 1987. Pure Equity lists homes in Papaya Village 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 Papaya Village 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 3 Papaya Village Hobe Sound homes for sale as of October 2026. The median asking price is $819,000. Asking prices run from $739,000 to $1.88M.

That is 52% above the Hobe Sound median of $539,000. On a per-foot basis, homes here ask about $387 per square foot, compared with $296 across Hobe Sound. So the median price buys roughly 2,100 square feet of living area.

Listings here have averaged 134 days on the market. That tracks the Hobe Sound average of 145 days, so pricing and terms follow the wider city market.

Homes listed in Papaya Village date from 1979 to 1987. That puts them between 39 and 47 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

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.

Here is what the median Papaya Village price means in Florida closing terms. At $819,000, a 20% down payment comes to about $164,000, leaving a loan near $655,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,293. Next, the intangible tax of 0.2% adds about $1,310. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Papaya Village median, that is about $5,733.

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.

Recent Papaya Village listings show assignments to Hobe Sound (elementary), Murray (middle) and South Fork (high). However, boundaries can change each year, so confirm the assignment for a specific address with the Martin County School District.