Atlantic Luxury Advisors
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1608 Waterfall Blvd

Palm City, FL 34990

$450,000
2
2
1,525 sq ft
1992
2 car
Villa
$508/mo
Yes
30
Active

Listing courtesy of Illustrated Properties/Hobe So (Stephanie Meeker). Contact: [email protected].

About this home

Enjoy peaceful lakefront living in this light-filled Florida villa situated in the gated community of The Meadows at Martin Downs. This beautifully maintained 2-bedroom, 2-bath home with a 2-car garage offers thoughtful updates, additional living space and an easy, low-maintenance Florida lifestyle. Major improvements include a 2016 metal roof, replacement of the home's polybutylene pipes in 2021, and a new A/C installed in February 2025. Inside, you'll find vinyl flooring, hardwood cabinetry, quartz countertops, stainless steel appliances and a full laundry room. The original screened room has been enclosed and is air-conditioned, creating additional year-round living space overlooking the peaceful lake. The home was freshly painted in 2025 through the HOA's scheduled exterior painting program. The HOA offers excellent value with an extensive array of included services and amenities, including high-definition TV and fiber-optic internet, front landscaping and irrigation, scheduled pressure cleaning, exterior painting, private road maintenance and a 24/7 manned gate. The Meadows also offers a community pool, tennis and pickleball courts, playground, walking and biking paths, lakes and beautifully maintained green spaces. Picturesque oak-canopied streets create a beautiful sense of arrival, all conveniently located near shopping, dining, I-95 and the Florida Turnpike. Move-in ready, beautifully situated and thoughtfully maintained—this is The Meadows lifestyle at its best.

Virtual tour
What it costs to own
Estimated monthly payment
$3,612/mo
Principal and interest
$2,275
Property tax
$546
Homeowners insurance
$283
HOA
$508

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$6,553/yr

Estimate: the price times the Martin County average total millage (16.06 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

HOA
$508/mo (from the listing)
FEMA flood zone
Zone X, minimal risk

Outside the special flood hazard area. Flood insurance is optional.

Hurricane evacuation zone
Zone E: ordered to evacuate for Category 4 and 5 hurricanes.

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Location

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.