Montego Cove Homes for Sale

Montego Cove Condo is an age-restricted 55+ community in Stuart, Martin County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $289,000 to $324,900. At least one resident per home must be 55 or older. Pure Equity lists homes in Montego Cove 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 Montego Cove 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 a single listing for Montego Cove Stuart homes for sale as of October 2026. The median asking price is $295,000.

That is 30% below the Stuart median of $420,000. On a per-foot basis, homes here ask about $196 per square foot, compared with $274 across Stuart. So the median price buys roughly 1,500 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 237 days on the market. That is slower than the Stuart average of 118 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Montego Cove date from 1985 to 1987. That puts them between 39 and 41 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.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

Montego Cove is a gated community. Therefore, expect to register visitors and contractors with the gate before each visit.

Montego Cove 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.

Montego Cove is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Here is what the median Montego Cove price means in Florida closing terms. At $295,000, a 20% down payment comes to about $59,000, leaving a loan near $236,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $826. Next, the intangible tax of 0.2% adds about $472. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Montego Cove median, that is about $2,065.

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 Montego Cove listings show assignments to SeaWind (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.