Mile Lake Village Homes for Sale

Mile Lake Village is a residential community in Palm City, Florida.

Pure Equity Realty covers Mile Lake Village 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 3 Mile Lake Village Palm City homes for sale as of October 2026. The median asking price is $135,000. Asking prices run from $125,000 to $245,000.

That is 79% below the Palm City median of $630,000. On a per-foot basis, homes here ask about $90 per square foot, compared with $276 across Palm City. So the median price buys roughly 1,500 square feet of living area.

Listings here have averaged 98 days on the market. That tracks the Palm City average of 111 days, so pricing and terms follow the wider city market.

Homes listed in Mile Lake Village date from 1987, so they are about 39 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 Mile Lake Village price means in Florida closing terms. At $135,000, a 20% down payment comes to about $27,000, leaving a loan near $108,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $378. Next, the intangible tax of 0.2% adds about $216. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Mile Lake Village median, that is about $945.

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 Mile Lake Village listings show assignments to Bessey Creek (elementary), Hidden Oaks (middle) and Martin County (high). However, boundaries can change each year, so confirm the assignment for a specific address with the Martin County School District.