Monterey Homes for Sale

Monterey is a residential community in Stuart, Florida.

Pure Equity Realty covers Monterey 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 Monterey Stuart homes for sale as of October 2026. The median asking price is $115,000.

That is 73% below the Stuart median of $420,000. On a per-foot basis, homes here ask about $129 per square foot, compared with $274 across Stuart. So the median price buys roughly 900 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 595 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 Monterey date from 1972, so they are about 54 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 Monterey price means in Florida closing terms. At $115,000, a 20% down payment comes to about $23,000, leaving a loan near $92,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $322. Next, the intangible tax of 0.2% adds about $184. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Monterey median, that is about $805.

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.