5023 SW Martin Commons Way, Palm City, FL 34990 (MLS# B26019091)

5023 SW Martin Commons Way, Palm City, FL 34990

$1,050,000
Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 4,158 Status: Active
Current Price: $1,050,000 List Date: 4/25/2026 Last Modified: 9/01/2026

Overview

Description

Custom-built in 2018, this Palm City estate offers refined indoor-outdoor living, thoughtful upgrades, and exceptional privacy in one of the area's most desirable communities. Features include impact glass throughout, chef-inspired kitchen with dual islands and premium appliances, heated saltwater pool and spa, screened patio, fire pit gathering area, expanded paver driveway, Tesla EV charger, and upgraded well and irrigation systems. The cleared homesite offers generous usable space for everyday living, entertaining, and recreation, while preserved natural surroundings create a serene wooded backdrop, remarkable privacy, and peaceful views rarely found in South Florida. Luxury, function, and tranquility come together in this exceptional property.

Listing Details MLS# B26019091

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
4
Bathrooms Total
3
Bathrooms Full
3
Building Area Main
4158
Building Area Source
Public Records
Living Area Main
2935
Living Area Source
Public Records
Accessibility Features YN
No
Year Built
2018
Garage YN
Yes
Attached Garage YN
Yes
Garage Spaces
3
Covered Spaces
3
Parking Total
13
Gated Community YN
No
Lot Size Area
206474
Lot Size Acres
4.74
Senior Community YN
No
Stories Total
Yes
Stories
Yes
Direction Faces
South
Fireplace YN
No
Pool Private YN
Yes
Spa YN
Yes
LP/Assessed Value
1.35

Property Features

Association Fee Includes: Legal/Accounting Dining Area: Breakfast Area; Formal Dining; Kitchen Dining; Snack Bar/Counter Electric: 200+ Amp Service Exterior Features: Lighting Flooring: Other Foundation Details: Slab Leasing Permitted Details: Okay To Lease Parking Features: Driveway; Gravel; Attached Garage; Garage Property Condition: Resale Spa Features: Above Ground Special Listing Conditions: Standard Appliances: Dishwasher; Disposal; Dryer; Electric Range; Freezer; Ice Maker; Microwave; Oven; Refrigerator; Vented Exhaust Fan; Washer; Water Heater Water Heater Details: Electric Water Heater Architectural Style: Contemporary; Mediterranean Construction Materials: Concrete Cooling: Ceiling Fan(s); Central Air Association Type: Homeowner Association Fencing: Partial Heating: Central Interior Features: Bedroom Layout - Split; Bedroom Layout - Three Way Split; Entrance Foyer; French Doors; High Ceilings; Kitchen Island; Pantry; Vaulted Ceiling(s); Walk-In Closet(s) Laundry Features: Laundry Room; Main Level Levels: One Listing Terms: Cash; Conventional; FHA; VA Loan Lot Features: Cul-De-Sac; Fruit Tree(s); Landscaped; Many Trees Main Living Area: Entry Level Membership: No Membership Available Pets Allowed YN: Yes Pets Allowed: No Restrictions Pool Features: Gunite; Heated; In Ground; Pool/Spa Combo Possession: Negotiable Restrictions: No Restrictions Road Frontage Type: Other Road Surface Type: Paved Roof: Barrel Sewer: Septic Tank Special Information: Deed Restrictions; Environmental Restrictions; Subdivision Restrictions Sprinkler Description: Auto Sprinkler; Well Sprinkler Structure Type: House Tax Information: Homestead Exemption Utilities: Electricity Connected View: Garden; Preserve Water Source: Well Window Features: Blinds; Storm Window(s) Showing Requirements: Appointment Only; No Sign; Schedule Online Room Types: Kitchen; Living Room; Master Bedroom Acreage Description: 4 To Less Than 5 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
1350000
Occupant Type
Owner
Listing Service
Full Service
Seller Represented YN
No

Location and Legal

Country
United States
County Or Parish
Martin
Street Number
5023
Street Direction Prefix
SW
Street Name
Martin Commons
Street Suffix
Way
Municipality Type
Unincorporated
State Or Province
FL
Postal Code
34990
Postal Code +4
5676
Subdivision Name
Palm City Farms
Area
6100 - Palm City West/Indiantown
Geographic Area
MRTC - Martin County
Elementary School
Citrus Grove (Martin)
Middle Or Junior School
Hidden Oaks
High School
South Fork
Special Assessment YN
No
Parcel Number
223840000030000100
Zoning
A-2, future AG
Flood Zone
AE
Directions
Martin Highway to Citrus Blvd (South). Turn right on to Sunshine Farms Way (Just after the church.) Take Sunshine Farms Way to the first left turn. Turn left on to SW Sundown Lane. Make the first left (again) on to SW 42nd St Way/ Martin Commons Way
Multiple Offers Accepted
Yes

Financial Information

Association YN
Yes
Association Deposit YN
No
Association Fee
12.5
Association Fee Frequency
Monthly
Association Membership
Mandatory
Application Required YN
No
Association Email
unknown
Master Association YN
No
Estimated Monthly Assoc Recurring Fee
13
Membership Fee Required YN
No
Tax Annual Amount
11592.21
Tax Year
2025
Tax Assessed/SOH Value
778005
Tax Legal Description
PALM CITY FARMS SEC 22 T38S R40E; W 1/2 OF TRACT 30 (LESS R/W)
Assessor Market Value
1038980

Status Change Information

Major Change Timestamp
2026-08-25T12:08:34Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-08-25T12:08:34Z
Status Change Date
2026-04-25

More Information

Leasing Permitted Details

Leasing Permitted YN
Yes

Parking Information

Open Parking Spaces
10

Boat and Dock Information

Dock
No

Main Level Rooms

Main Level Bathrooms
3
Main Level Bedrooms
4

Pet Details

Pet Fee YN
No

Pool Size Details

Pool Size (WxL)
16x32

Leasing Restrictions

Leasing - Max Times Per Year
12
Leasing - Minimum Number of Days
Yes

Storm Protection

Impact Glass
Complete

Price Calculations

Current Price To SqFt
398.63

Originating Details

Originating System Key
20260414230734668122000000
Originating System ID
M00000170

Room Information

Room Name
Kitchen
Living Room
Master Bedroom
IDX
Listing Office: RE/MAX of Stuart
Last Updated: September - 01 - 2026
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