Lake Grove Homes for Sale

Lake Grove is a residential community in Palm City, Florida.

Pure Equity Realty covers Lake Grove and the Palm City 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 Lake Grove Palm City homes for sale as of October 2026. The median asking price is $1.25M.

That is 98% above the Palm City median of $630,000. On a per-foot basis, homes here ask about $406 per square foot, compared with $276 across Palm City. So the median price buys roughly 3,100 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 8 days on the market. That is faster than the Palm City average of 111 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Lake Grove date from 1994, so they are about 32 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 Lake Grove price means in Florida closing terms. At $1.25M, a 20% down payment comes to about $250,000, leaving a loan near $1.0M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $3,500. Next, the intangible tax of 0.2% adds about $2,000. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Lake Grove median, that is about $8,750.

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.