Banyan Bay Homes for Sale

Banyan Bay is an age-restricted 55+ community in Stuart, Martin County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $899,999 to $974,900. At least one resident per home must be 55 or older. Pure Equity lists homes in Banyan Bay 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 Bay and the Stuart 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 8 Banyan Bay Stuart homes for sale as of October 2026. The median asking price is $900,000. Asking prices run from $625,000 to $1.1M.

That is 112% above the Stuart median of $425,000. On a per-foot basis, homes here ask about $350 per square foot, compared with $274 across Stuart. So the median price buys roughly 2,550 square feet of living area.

Listings here have averaged 62 days on the market. That is faster than the Stuart average of 119 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Banyan Bay date from 2019 to 2022. That puts them between 4 and 7 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

Banyan Bay 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.

Here is what the median Banyan Bay price means in Florida closing terms. At $900,000, a 20% down payment comes to about $180,000, leaving a loan near $720,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $2,519. Next, the intangible tax of 0.2% adds about $1,439. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Banyan Bay median, that is about $6,297.

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 Banyan Bay listings show assignments to J.D. Parker (elementary), Dr. David L. Anderson (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.