South Palm Residence Inc Homes for Sale

South Palm Residence Inc is an age-restricted 55+ community in South Palm Beach, Palm Beach County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $204,950 to $675,000. At least one resident per home must be 55 or older. Pure Equity lists homes in South Palm Residence Inc 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 South Palm Residence Inc and the South Palm Beach 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 2 South Palm Residence Inc South Palm Beach homes for sale as of October 2026. The median asking price is $177,000. Asking prices run from $175,000 to $180,000.

That is 61% below the South Palm Beach median of $452,000. On a per-foot basis, homes here ask about $343 per square foot, compared with $392 across South Palm Beach. So the median price buys roughly 500 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 58 days on the market. That is faster than the South Palm Beach average of 136 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in South Palm Residence Inc date from 1962, so they are about 64 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.

South Palm Residence Inc includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

Rentals in South Palm Residence Inc have a median asking rent of $1,950 per month, across 4 active rental listings. For comparison, the South Palm Beach median is $5,000, so rents here run 61% lower.

You can browse current South Palm Beach rentals or ask us for a rent estimate on a specific South Palm Residence Inc home.

Here is what the median South Palm Residence Inc price means in Florida closing terms. At $177,000, a 20% down payment comes to about $35,000, leaving a loan near $142,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $497. Next, the intangible tax of 0.2% adds about $284. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the South Palm Residence Inc median, that is about $1,242.

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.