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Start Your Palm Bay Estates at Bonita Beach Buyer Consultation
Contact Details

Jesse McGreevy

[email protected]

(239) 898-6072

24031 S Tamiami Trl #101

Bonita Springs, FL 34134

Marc Comisar

[email protected]

(239) 287-5873

Mon - Fri, 9 am - 6 pm

McGreevy and Comisar, Brokered by Domain Realty

Updated October 2026 · Jesse McGreevy and Marc Comisar, Domain Realty · Prices from the Lee County Property Appraiser and Florida Department of Revenue recorded sales, index built 1 October 2026; Southwest Florida MLS figures were not available at publication

McGreevy and Comisar are a Bonita Springs buyer’s team with our office on South Tamiami Trail, and this is our guide to buying a condominium at Palm Bay Estates at Bonita Beach, the eight-home, bay-side condo of four one-story duplex buildings at 26773 Hickory Blvd, built in 1985 according to Lee County’s property roll. The full building record sits on our Palm Bay Estates guide, inside Bonita Beach in Bonita Springs, and this page turns that record into a buying plan: what the homes have recorded at, what a buyer pays beyond the price, what the public filings say about the association and what to ask for before you sign.

Palm Bay Estates is eight homes in two phases, sharing a 0.80-acre common-element parcel on the bay side of the road, with heated areas from 1,150 to 1,444 square feet. This is the Palm Bay Estates condominium in Bonita Springs, Florida 34134. It is not the City of Palm Bay on Florida’s east coast, and it is not any of the unrelated companies in the state’s corporate registry that carry the same words.

The record is thin, and we say so up front. The county’s qualified-sales file holds 2 sales in the last 60 months, $640,000 on April 30, 2025 and $525,000 on July 22, 2025, and none in the last 12 months, so we list both sales and publish no median as a price signal. The association has published no fee schedule, rules or reserve documents that we could find. Southwest Florida MLS figures were not available when we published, and each place that needs one says so.

How Do I Buy a Condo in Palm Bay Estates at Bonita Beach in 2026?

To buy a condo in Palm Bay Estates at Bonita Beach in 2026, price the home from the two recorded sales of the last five years and the neighboring buildings, ask the seller for the budget, the reserve balance and the estoppel certificate before you offer, and get flood and wind quotes for the exact home.

The order matters because an eight-home condominium has no deep record to lean on. A buyer in a 200-home building can price from dozens of recent sales and read a budget that many owners have already scrutinized. A Palm Bay Estates buyer prices from a few data points and reads documents that eight households have seen, so the work moves from the market to the paperwork. We build that file for your short list before you tour, and our Palm Bay Estates guide carries the full building record behind it.

Key Takeaways

These are the eight facts a Palm Bay Estates condo buyer should know in October 2026, each drawn from the county’s recorded sales and parcel roll, the state’s corporate and condominium records, FEMA and the statutes, and each explained in the section that covers it.

  • The county recorded 2 qualified Palm Bay Estates sales in the last 60 months, $640,000 on April 30, 2025 and $525,000 on July 22, 2025, and none in the last 12 months, so no window reaches 10 sales and no median is published as a price signal.
  • The two 2025 sales do not follow size. The 1,150 square foot home sold at $556.52 per heated square foot and the 1,415 square foot home sold at $371.02, a gap of $185.50 per square foot, 83 days apart.
  • Fees, rules, rental terms and pet rules are not published, so a buyer needs the seller’s document package under Florida Statute 718.503 and the estoppel certificate before an offer.
  • FEMA’s map shows Zone AE with a base flood elevation of 11 feet, and Lee County’s evacuation map shows Zone A, so a lender will require flood insurance on a financed purchase.
  • Hurricane Ian’s surveyed high-water marks within 634 meters of the homes run from 11.0 to 12.4 feet, which implies roughly 7.4 to 9.8 feet of water above bare ground by our arithmetic, and no Palm Bay Estates document describes the buildings’ own damage.
  • At the $525,000 recorded price, Florida’s deed tax is $3,675, which Lee County custom assigns to the seller, and an 80 percent loan on that price would carry $1,470 in mortgage stamps and $840 in intangible tax.
  • The buildings are one story with two homes each, so Florida’s milestone inspection and structural reserve study rules, which reach buildings of three or more habitable stories, do not appear to apply, though roofs and reserves still matter.
  • McGreevy and Comisar are Top 1% Real Estate Agents Nationally Since 2008; call Marc at (239) 287-5873 to look at Palm Bay Estates with a buyer’s agent who has read the record.

Table of Contents

Palm Bay Estates at Bonita Beach for condo buyers, section by section. Each link below jumps to its part of this guide, from the market read and the cost stack to the association’s filings, the flood and insurance record, the comparison with Bay Harbor Club, the buyer consultation and the sources behind every figure on the page.

Why Work With McGreevy and Comisar as Your Palm Bay Estates Bonita Beach Condo Buyer’s Agent?

McGreevy and Comisar are a Bonita Springs team, Top 1% Real Estate Agents Nationally Since 2008 and the #1 team in Southwest Florida since 2012, who represent Palm Bay Estates condo buyers with the same county-record research we use to price listings. We read the association’s filings before we show you a home, so the questions arrive before the offer.

If you’re searching for the best buyer’s agent for a Palm Bay Estates condo at Bonita Beach, McGreevy and Comisar represent homebuyers across Bonita Springs, Estero, Naples, Fort Myers and Lee and Collier Counties, whether you are buying a first Florida home, a winter home you will lock and leave, or a bay-side home steps from a county beach access. With our Domain Realty Group team we have sold over $2.5 billion in real estate, and McGreevy and Comisar alone have over $900 million in personal sales. Our office is at 24031 S Tamiami Trl #101, Bonita Springs, FL 34134. For a side-by-side look at how to choose an agent in this city, see our comparison of the best real estate agents in Bonita Springs.

Honors and recognition:

  • Top 1% Real Estate Agents Nationally Since 2008
  • 5 Star Award for Customer Satisfaction for 21 Straight Years. Only 5 out of 21k+ Licensees (Gulfshore Life Magazine)
  • #1 Team in Southwest Florida since 2012
  • McGreevy and Comisar and their Domain Realty Group team have sold over $2.5 Billion in Real Estate
  • McGreevy and Comisar alone have over $900 million in Sales
  • Nationally Recognized Top Producing Realtors
  • Platinum Sales Production Award Winners

A buyer’s agent who also lists homes

Marc Comisar leads our buyer representation and Jesse McGreevy leads our listings, so a Palm Bay Estates buyer hears how Bonita Beach sellers think about price, timing and documents from the people who advise sellers every week. Selling a home to buy here? Our Palm Bay Estates home valuation and Palm Bay Estates seller’s guide explain the other side of the same transaction. Call Jesse direct at (239) 898-6072.

Our Palm Bay Estates track record, stated plainly

Recent Palm Bay Estates track record, last 12 months: Information not available at time of publishing (checked 2026-10-01). The Southwest Florida MLS pull that would show our own closings in the building was parked on the publication date, so this page never implies that we sold, listed or represented a sale at Palm Bay Estates, and we will not estimate one. What we can state is the record itself: we tracked every one of the 5 Palm Bay Estates condo sales in the county record since 2009, when the record is complete, and the 14 earlier ones, and the latest recorded sale on each of the 8 homes, before writing any advice on this page.

What Is the Palm Bay Estates Condo Market Like for Buyers at Bonita Beach Right Now?

The Palm Bay Estates condo market for buyers in October 2026 is mostly a record of the past. The county recorded 2 qualified sales in the last 60 months, $640,000 on April 30, 2025 and $525,000 on July 22, 2025, so we list both and give no median as a price signal. These are county records, not MLS closings.

Data updated: October 2026 (Lee County Property Appraiser and Florida DOR recorded sales, index built 1 Oct 2026).

The county roll keeps each home’s last four sales with exact dates, and the state’s sale files add every recorded sale from 2009 on, so the record is complete from 2009 and partial before it. A count since 2009 is a complete count, and a count of all recorded history is a count of what the file holds, never a claim that it holds every sale ever made. We widened the window to 12, 24, 36 and 60 months, and none holds the 10 qualified sales that a median needs, so we follow the county’s presentation rule: list the sales and name no median as a price signal.

The county record by window

Every window below ends on the county index date, October 1, 2026. The same two sales fill the 24, 36 and 60-month windows.

County windowSinceQualified salesLowHigh
Last 12 monthsOctober 20250nonenone
Last 24 monthsOctober 20242$525,000$640,000
Last 36 monthsOctober 20232$525,000$640,000
Last 60 monthsOctober 20212$525,000$640,000

The last 60 months: every qualified sale, one by one

Both sales were at the building address, 26773 Hickory Blvd, and both match the latest recorded sale on that home in the county roll. We leave out unit numbers and describe each home by phase and size.

DatePricePhaseHeated sq ftPrice per heated sq ft
Apr 30, 2025$640,00021,150$556.52
Jul 22, 2025$525,00011,415$371.02

The two prices add to $1,165,000, and the median of these 2 sales is $582,500. The pair is the whole recent record and its most puzzling part. The 1,150 square foot home sold for $640,000 on April 30, 2025, and the 1,415 square foot home sold for $525,000 on July 22, 2025, 83 days later. The smaller home sold for $115,000 more, and the price per heated square foot differs by $185.50. The county record cannot say why. Position on the water, condition, renovation and the buyer’s circumstances are the usual candidates, which is why we walk a home before we price it.

Older sales, shown only as a history table

PeriodQualified sales in the fileLowHigh
1986 to 19896$150,000$151,000
1990s3$200,000$285,000
2000s5$345,000$530,000
2010s3$345,000$650,000
2020s2$525,000$640,000
All periods19not statednot stated

Of the 19, 14 are dated before 2009 and 5 are dated 2009 or later. Prices across these periods belong to very different markets, so we do not average them.

How individual homes have traded over time

Seven of the eight homes appear in the file more than once, and a few chains show how far prices have moved. We describe each by phase, size and the date of its first sale in the file.

HomeSales in the fileFirstLatest
Phase 1, 1,150 sq ft, first sale July 19864$150,000 (July 1986)$345,000 (July 2010)
Phase 2, 1,150 sq ft, first sale February 19872$150,000 (February 1987)$640,000 (April 2025)
Phase 1, 1,415 sq ft, first sale 19902$200,000 (1990)$525,000 (July 2025)
Phase 2, 1,444 sq ft3$150,000 (March 1987)$512,000 (August 2011)

The same Phase 1 home that sold for $530,000 in November 2004 sold for $345,000 in July 2010, a drop of 34.9 percent, which is the clearest reminder in the file that these prices go down as well as up. The Phase 2 home that sold for $150,000 in February 1987 sold for $640,000 in April 2025, 4.27 times its first price over about 38 years.

What the qualified file leaves out

Qualified Department of Revenue sales are a county record, not MLS. They exclude transfers the state does not treat as arm’s length, and they can lag a closing by weeks. One of the eight homes shows a latest recorded sale on the roll that is not in the qualified file: a Phase 1, 1,150 square foot home at $132,588 on December 5, 2016. The other seven latest sales are in the file. The price is below every qualified sale of a 1,150 square foot home in the file, including the $150,000 prices of 1986 and 1987, which usually points to a partial interest or a non-market transfer, and we are saying only that the record does not tell us.

Southwest Florida MLS: what this edition does not show

Information not available at time of publishing (checked 2026-10-01). That sentence covers every figure that comes from the Southwest Florida MLS: closed-sale count and median from the MLS, days on market, sale-to-list ratio, active and pending listings, months of supply, list-price history, our team’s share of Palm Bay Estates transactions and any split by phase or home size. We are not estimating them from the county record, because the two sources measure different things, and with eight homes an estimate would be false precision.

Start your Palm Bay Estates buyer consultation

Want the two 2025 sales explained against the neighboring buildings for the home you have in mind? Start your Palm Bay Estates buyer consultation, read how we represent buyers or Call Marc at (239) 287-5873. Selling a home first? Get a free Palm Bay Estates home valuation and Call Jesse direct at (239) 898-6072.

Which Palm Bay Estates Bonita Beach Condo Fits Which Buyer?

A Palm Bay Estates condo suits a buyer who wants a low-rise bay-side home on Little Hickory Island, who values a county Gulf access across the road without paying for a tower’s amenity package, and who will read a small association’s documents before offering. It does not suit a buyer who needs a published fee schedule on day one.

Data updated: October 2026 (Lee County Property Appraiser roll, building layer and recorded sales, read 1 Oct 2026).

The four sizes and where they sit

The county roll shows heated areas of 1,150, 1,251, 1,415 and 1,444 square feet, and the county’s sales file lists three bedrooms and two baths for every recorded sale. The homes sit in four buildings of two homes each, all one story with a 1985 year built in the county’s building layer, and our pairing of homes to buildings is an inference from the map points.

Heated sizeHomesPhase placementLatest recorded sale on the roll
1,150 sq ft42 in Phase 1, 2 in Phase 2$132,588 (2016), $345,000 (2010), $485,000 (2003), $640,000 (2025)
1,251 sq ft1Phase 2$345,000 (December 2000)
1,415 sq ft2Both in Phase 1$650,000 (2017), $525,000 (2025)
1,444 sq ft1Phase 2$512,000 (August 2011)

The counts add to eight, 4 plus 1 plus 2 plus 1. Heated area totals 10,125 square feet, a mean of 1,265.6 per home and a median of 1,200.5, the average of the 4th and 5th homes in size order. Phase 1’s four homes total 5,130 heated square feet and Phase 2’s four total 4,995, and Phase 2 holds the two sizes, 1,251 and 1,444, that appear nowhere in Phase 1.

Who should look harder before buying

A buyer who needs guaranteed short-term rental rights, a particular pet allowance or a deeded dock should look harder, because none of those terms is published for Palm Bay Estates. A buyer who needs covered parking or storage for a boat trailer should settle it before offering, since no garage, carport or parking assignment appears in any record we read. And a buyer who cannot get the budget, the reserve balance and the estoppel certificate should treat that as information about the home.

What Do the County and State Records Say About the Palm Bay Estates Condominium?

The state’s condominium record counts 8 units, Lee County’s roll carries 9 parcels under the association’s legal description, and the Florida corporate record shows the association as active, with its latest annual report filed April 27, 2026. The ninth parcel is the common-element parcel, and the records agree on the manager.

Eight homes or nine parcels?

The state’s condominium record counts 8 units. The county roll carries 9 parcels under the association’s legal description: eight home parcels, numbered 1 through 8 on the roll, and one common-element parcel at 26771 Hickory Blvd. The ninth parcel is not a home. Four buildings with two homes each also add up to eight, and every sale on this page belongs to one of the eight homes.

1982 or 1985? Two records, three years apart

The Florida Division of Corporations shows Palm Bay Estates Condominium Association, Inc. as document 761435, a Florida not-for-profit corporation filed January 13, 1982, with a reinstatement on June 7, 1990 and an annual report filed April 27, 2026. The state’s condominium public records list the project as Palm Bay Estates Condo, 8 units, recorded August 1, 1985, and the county’s roll and building layer carry 1985 as the year built. A corporation can form years before the condominium it will govern is recorded, so we do not read the gap as an error. We use 1985, the construction and recording year, for the age of the buildings.

Two phases, two recorded instruments

Every parcel’s legal description on the county roll cites a recorded instrument. Phase 1, which covers four homes and the common elements, cites Official Records Book 1796, Page 3175. Phase 2, which covers the other four homes, cites Official Records Book 2577, Page 3027. Those two references are the best public pointers to the association’s governing instruments. Official Records books are numbered in the order they fill, and Book 2577 is 781 books after Book 1796, which suggests the Phase 2 instrument was recorded well after Phase 1. A buyer’s attorney should ask for the declaration and every recorded amendment, not only the first instrument.

The address conflict

The state’s condominium extract gives the project’s street field as a rural-route box number with ZIP code 33923, in the style of an older mailing record. Lee County says 26773 Hickory Blvd for the eight homes and 26771 Hickory Blvd for the common-element parcel, with ZIP code 34134, and the county’s map shows the parcels there. If a document, an estoppel or an insurance quote shows the rural-route address, ask the association to confirm it refers to the same property.

Who manages Palm Bay Estates

The Sunbiz record names Gulf Coast Realty & Property Management as the registered agent at 26711 Dublin Woods Circle, Suite 202, Bonita Springs, and the state’s condominium record names the same firm and address in care of the association. Two public records agree. A registered-agent address is not proof of who manages the building day to day, and the state’s contact data can be out of date, so the estoppel certificate, which names the manager that issues it, is the current answer. Under Florida Statute 718.501, an association pays the state’s condominium division $4 per unit each year, which for eight units is $32, and the state’s payment history shows it billed for 2022 through 2026 with nothing due. We do not name any individual officer or director.

What Will I Pay to Own a Palm Bay Estates Condo at Bonita Beach?

Palm Bay Estates’ current assessment, and the list of what it covers, are not published. We found no budget, fee schedule or association source that states them, so we give no dollar figure. The only public dollar figure is the $32 annual state fee, and the route to the real number is the seller’s document package.

Data updated: October 2026 (Lee County roll, state condominium records and Florida statutes, read 1 Oct 2026).

What the fee bundle would cover

Association fee and fee-includes list from Southwest Florida MLS listing remarks: Information not available at time of publishing (checked 2026-10-01). We saw commercial listing sites that appear to carry an association fee and a list of included services for homes here, and we did not use them, because they are marketing text keyed in for a listing and not association documents. The budget and the estoppel certificate are the primary sources. Under Florida Statute 718.503 the seller must furnish the current annual budget.

What to look for in the budget

For a low-rise, bay-side property, read the budget for these lines:

  • Property and flood insurance, which has been the main driver of fee growth along the Gulf coast, and the windstorm deductible.
  • Reserve contributions for the items the association owns, such as roofs, paving, drainage and any seawall or dock, and whether reserves are funded or waived.
  • Utilities that the association pays, such as water, sewer, trash and any bulk cable or internet.
  • Landscaping, pest control, lighting and common-area electric.
  • Management fees and professional fees.
  • Any loan repayment or special assessment installment.

Why a special assessment weighs more in an eight-home association

Fewer owners means each one carries a bigger slice of every project. As an illustration, not a Palm Bay Estates figure, a $100,000 project divided equally among eight homes is $12,500 each. Divided by heated area, it is $11,358 for a 1,150 square foot home and $14,262 for a 1,444 square foot home, a difference of $2,904. The same $100,000 across a 60-home building is $1,667 per home. We found no Palm Bay Estates special assessment notice, loan disclosure or board letter in public, so we cannot say whether the association has levied one.

What Should I Check in the Palm Bay Estates Condominium Documents?

A Palm Bay Estates buyer should check three documents first: the current budget with the latest annual financial statement, every special assessment notice since 2022, and the insurance summary with the contract’s milestone and reserve statement. Florida gives condominium buyers a statutory right to the association’s documents, and the seller pays to produce them.

The statutory package

Under Florida Statute 718.503, the seller must give the buyer the declaration, articles, bylaws, rules, the annual financial statement and budget, the milestone inspection summary if one applies, the structural integrity reserve study or a statement that none has been completed, and the frequently asked questions document described in Florida Statute 718.504. Under the statute’s standard contract language, a buyer can cancel within 7 days, excluding Saturdays, Sundays and legal holidays, after signing and receiving the documents, unless the buyer had them more than 7 days before signing. Delivering the package before the contract starts that clock early, which is why we ask for it before you offer.

The three requests every Palm Bay Estates buyer should make

  • The current budget and the most recent annual financial statement, so you can see what the assessments fund, what the reserve line holds and how the association’s cash compares with its bills.
  • Every special assessment notice since 2022, with the stated purpose and the payment schedule, because Florida Statute 718.116 requires the purpose of a special assessment to be stated in the written notice.
  • The association’s insurance summary and the contract statement about milestone inspections and reserve studies. Contracts signed after December 31, 2024 must carry a conspicuous statement saying whether the association is required to have those items and has completed them, or is not required to have them. For a property of one-story buildings, a statement that they are not required is plausible.

A document checklist for your short list

DocumentWhat it tells youWho has it
Declaration and every recorded amendmentShares, responsibilities, leasing, pets, any dock or parking rights, phase termsSeller’s package, Lee County Clerk
Plat or survey exhibitWhich areas are common, which are limited common, any water or shoreline areaClerk, manager
Budget and financial statementWhat the assessment funds, reserves and cashSeller’s package, manager
Estoppel certificateWhat your home owes, any transfer fee, capital contribution or approval rightManager, requested by the seller
Special assessment notices since 2022Purpose, amount, payment scheduleManager
Insurance declarations pagesCarriers, limits, wind and flood deductiblesManager, insurance agent
Elevation certificateLowest floor against the base flood elevationSurveyor, seller, manager
Roof age and replacement quotesThe biggest shared repair in a small associationManager
Meeting minutesPending projects, disputes, insurance renewalsManager

Milestone inspections and reserve studies

Florida Statute 553.899 applies its milestone inspection to buildings of three or more habitable stories, and Florida Statute 718.112 excludes buildings under three stories from the structural integrity reserve study requirement, with House Bill 913 in 2025 moving that deadline to December 31, 2025 for taller buildings. The county’s building layer lists each Palm Bay Estates building as a two-home condominium town house, one story, built in 1985. That is a county tax record and not a determination under the Florida Building Code, so we say only that the rules do not appear to reach the buildings. A roof, a rotted fascia or an underfunded reserve can still cost every owner, and the Division of Florida Condominiums explains the rules in its inspections resources.

The estoppel certificate

An estoppel certificate is the association’s written statement of what a home owes. Florida Statute 718.116 requires an association to issue it within 10 business days of a written or electronic request. The fee is up to $299 for the certificate, up to $119 more for an expedited request and up to $179 more where the account is delinquent, the statute’s $250, $100 and $150 base amounts as adjusted for inflation and published by the Florida DBPR in its estoppel certificate fee schedule. It is where a Palm Bay Estates buyer will see any capital contribution or transfer fee, any right of first refusal or board approval requirement, the status of every assessment and the insurance contacts. Because the declaration and rules are not public, the estoppel is the first place those terms will show.

What Are the Rules on Leasing, Pets and Approvals at Palm Bay Estates?

Palm Bay Estates’ rental, pet and approval rules are not published: we found no minimum lease term, rental cap, pet limit or sale approval process. Florida, Lee County and the City of Bonita Springs each regulate short rentals through licensing, tourist taxes and permits, and each applies whatever the declaration allows.

Leasing: what the association has published

Nothing we read states a Palm Bay Estates minimum lease length. The first question for the manager is the declaration’s leasing article, any amendments, and the board’s rental application and fee.

The state license trigger and the tourist tax

Florida Statute 509.242 defines a vacation rental to include a condominium unit rented to guests more than three times in a calendar year for periods of less than 30 days or one calendar month, or advertised as available for rent in that manner, and such a unit needs a license from the state’s hotels and restaurants division. The statute applies on top of any association restriction, so a license does not create a right to rent that the declaration denies. Lee County levies a tourist development tax on rentals of six months or less, at 5 percent, administered by the Clerk’s Inspector General office, according to the Lee County Clerk’s tourist tax page and the Department of Revenue’s tourist development tax rate sheet.

The City rental permit and a six-unit question

The City of Bonita Springs runs a rental permit program. As we read the City’s page, the permit applies to non-owner-occupied single-family, duplex or multi-family property of up to six units, and it exempts condominiums of more than six units governed by Chapter 718. Palm Bay Estates’ declaration covers eight units, which is more than six, but each of its buildings holds two, and the page does not say whether the City counts units per condominium or per building. That is a real ambiguity for a buyer who wants to rent, so confirm the current rule with the City before you rely on either reading.

Pets and assistance animals

Palm Bay Estates’ pet rules are not published, so we cannot state a weight limit, a count limit or a breed restriction. Ask the manager for the pet section of the rules and any registration form, whether the limit applies to guests and tenants, and whether the rules were adopted by the board or written into the declaration, because that changes how hard they are to amend. An assistance animal is not a pet under federal fair housing law, and the U.S. Department of Housing and Urban Development explains the rules on its assistance animals page. Dog rules on the public beaches nearby are set by Lee County Parks, and as of October 1, 2026 the county’s page for Bonita Beach Accesses 2 through 9 said no pets are allowed.

Approvals, transfers and how rules are enforced

Palm Bay Estates’ sale approval requirement, application process, right of first refusal, transfer fee and capital contribution are not published. The estoppel certificate is where they would appear, because Florida Statute 718.116 requires it to state any capital contribution or transfer fee, any right of first refusal or board approval requirement, and the insurance contacts. Request it early in the contract period, because approval time can affect the closing date. Under Florida Statute 718.303, each owner, tenant and invitee must comply with the chapter, the declaration and the rules, and a fine may not exceed $100 per violation or $1,000 in the aggregate, after notice and an opportunity for a hearing.

Is Palm Bay Estates in a Flood Zone at Bonita Beach, and What Will Condo Insurance Cost?

FEMA’s flood map places the Palm Bay Estates buildings in Zone AE with a base flood elevation of 11 feet on panel 12071C0651G, effective November 17, 2022, and Lee County’s evacuation map puts them in Zone A. Palm Bay Estates’ own premiums are not published, so the only honest figure is a quote for the exact home.

Data updated: October 2026 (FEMA National Flood Hazard Layer and Lee County evacuation layer queried 1 Oct 2026; Florida Office of Insurance Regulation data).

What we queried and when

On October 1, 2026 we queried FEMA’s National Flood Hazard Layer at four home points, and each returned Zone AE, a base flood elevation of 11.0 feet on the NAVD88 datum and the same panel. A fifth point at the common-element parcel fell on water and is excluded. Lee County’s evacuation zone map returned Zone A and surge zone 1 at the same four points, and the county’s layers place the homes inside the City of Bonita Springs. A lender will require flood insurance on a financed purchase in this zone, and a cash buyer should consider it.

Base flood elevation against the ground

Ground at the four points is 3.28, 2.61, 3.59 and 3.11 feet. The base flood elevation minus ground is therefore 7.41 to 8.39 feet. That does not mean the living floors are that far under the line, because a home can stand on a raised slab, stem wall or fill, and we did not find an elevation certificate for any Palm Bay Estates building. The elevation certificate, which a licensed surveyor prepares, records the lowest floor against the base flood elevation, and it is the single most useful flood document to ask for. The City of Bonita Springs treats the design flood elevation as the base flood elevation plus one foot, which for Palm Bay Estates points to 12 feet NAVD88, and it requires a building damaged to 50 percent or more of its market value to be brought to that elevation, according to its substantial damage and substantial improvement notice. Ground at these points is the lowest of the six associations in our elevation comparison, which is a reason to price the flood quote before you price the offer.

The City’s flood rating and your flood policy

The City’s FEMA and CRS page says FEMA maintained the City’s Community Rating System rating of Class 5, and the 25 percent discount on National Flood Insurance Program premiums that comes with it, in a notice dated November 21, 2024. Condominium buildings can buy a residential condominium building policy under the National Flood Insurance Program, and FEMA’s summary of coverage puts the building limit at the lesser of replacement cost or $250,000 times the number of units, with a coinsurance penalty when coverage is below the required share. The association’s flood policy, limit and carrier are not published.

Wind, the master policy and what insurance costs

Palm Bay Estates’ wind and flood carriers, deductibles and premiums are not published. The context is a market that moved sharply. Florida’s Office of Insurance Regulation data shows the statewide average premium per commercial residential condominium-association policy was $72,570 at the end of June 2022, $147,381 at the end of June 2024 and $135,100 at the end of June 2026, which are our readings of the OIR quarterly data. Citizens’ 2026 rate filing took effect for policies on or after July 1, 2026 with average increases of 7.7 percent for commercial residential multiperil and 14.1 percent for wind-only. Statewide averages say nothing about one association. The My Safe Florida Condo program offers eligible associations wind-mitigation inspections and grants, and we did not find whether Palm Bay Estates applied.

Storm posture for owners

Lee County Emergency Management orders evacuation by zone, and Zone A is the first of five surge zones, A through E, on the county’s evacuation page. The association’s own storm plan is not published. After a declared emergency, Florida Statute 718.1265 lets a board hold meetings by video and levy special assessments without an owner vote, unless the documents say otherwise, so ask whether the declaration restricts those powers.

What Do the Permits Show Since Hurricane Ian at Palm Bay Estates?

We did not pull a permit history for 26773 Hickory Blvd, and no Palm Bay Estates owner letter, board update or press story about the buildings’ own Ian experience was public when we checked on October 1, 2026. The City’s EnerGov portal lets anyone search permits by address, and we run that search for every home on a buyer’s list.

Hurricane Ian’s surge reached the block

The U.S. Geological Survey’s high-water mark database for Ian holds these marks nearest the eight Palm Bay Estates map points. Distances are straight-line from the nearest home point, and elevations are feet above the NAVD88 datum.

MarkDistanceElevationHeight above groundSurvey quality
26858 Hickory Blvd garage170 m11.9 ft5.95 ftGood
Last house on Carol St278 m11.3 ft6.75 ftExcellent
26870 Hickory Blvd garage326 m11.0 ft5.3 ftExcellent
26589 Harmony Ln garage339 m12.4 ft6.94 ftGood
26429 Bay Rd garage634 m11.6 ft7.96 ftExcellent

Ground at the four home points we sampled is 2.61 to 3.59 feet above the same datum, according to the USGS elevation service. Subtracting gives 11.0 minus 3.59, or 7.41 feet, to 12.4 minus 2.61, or 9.79 feet, of water above Palm Bay Estates’ bare ground. That is our arithmetic from neighbors’ marks, not a measurement taken at the buildings, and a floor raised above the ground would have met less water. The National Hurricane Center’s Hurricane Ian report says maximum inundation of 8 to 12 feet above ground occurred in Estero, Bonita Beach, Bonita Springs and North Naples, and other agency documents we read describe higher figures for the same coast, so we treat the surveyed marks as the closest evidence for this block.

What to ask the seller

Ask whether the home took water, whether an insurance claim was filed and paid, whether the association levied a special assessment for storm work and whether every permit is closed. Florida requires a seller to disclose flood history under Florida Statute 689.302, and a buyer who gets the answers in writing has what a lender and an insurer will ask for. The county roll’s latest-sale dates show two Palm Bay Estates homes trading since the storm, which is consistent with an ordinary resale market and says nothing about damage.

Can I Finance a Condo at Palm Bay Estates at Bonita Beach?

You can finance a Palm Bay Estates condo only if the lender approves both you and the project, and a very small condominium is reviewed on its budget, reserves, insurance and any special assessment as much as on your credit. We confirm what a lender will ask for the exact home before you offer.

What a lender’s condominium questions commonly cover

A lender that finances a condominium unit usually asks the association or its manager to complete a project questionnaire, and the answers decide whether the loan can close. The questions commonly cover the budget and how much of it goes to reserves, the share of owners who are behind on assessments, any pending or planned special assessment, any litigation, the master insurance for wind, flood and liability, and how many homes are owner-occupied. Your lender’s list controls, and we do not name a lender because the page does not rest on one.

Why a project of eight homes is different

In a large building a few late payers barely move the budget. In an eight-home association one owner who stops paying is a visible share of every month’s income, and one large repair is a big number per home. Where the public record shows no budget, no reserve policy and no website, the lender’s questionnaire is the first time anyone outside the building sees those answers, and a questionnaire that comes back thin can slow a loan.

Cash, conventional and other paths

A cash purchase skips the lender’s project review, but not the flood and wind questions, the documents or the estoppel. A financed purchase adds the project review, the lender’s title policy, mortgage taxes and a flood policy that the lender requires in Zone AE. Current mortgage rates change weekly, and Freddie Mac publishes the weekly average on its Primary Mortgage Market Survey page, which is a national average and not a quote for this building. Talk to a lender about the project before you tour, and start your Palm Bay Estates buyer consultation so we can line the paperwork up with theirs.

What Will My Property Taxes and Closing Costs Be on a Palm Bay Estates Condo?

Property tax on a Palm Bay Estates home resets to market value after a sale, so never carry a seller’s bill forward. At the $525,000 recorded price the deed tax is $3,675, and an 80 percent loan on that price adds $1,470 in mortgage stamps and $840 in intangible tax.

Data updated: October 2026 (Lee County Property Appraiser roll, recorded sales and Florida statutes, read 1 Oct 2026).

Property tax

Property tax on a Palm Bay Estates home is billed by the Lee County Tax Collector from the Property Appraiser’s assessment. The roll at leepa.org shows each home’s assessed value, exemptions and the taxing authorities, which include the City of Bonita Springs. We publish no tax estimate here because we did not pull a millage for this address, and we will run one at your purchase price when you ask.

The deed tax and the title policy

Florida taxes deeds at 70 cents per $100 of consideration under Florida Statute 201.02. In Lee County the seller customarily pays that tax and also the owner’s title insurance policy and chooses the closing agent, and the contract controls all three. A buyer’s lender will require its own lender’s policy at the buyer’s cost.

The taxes a loan adds

If you finance, the loan carries two state taxes. Florida Statute 201.08 sets the documentary stamp tax on a recorded mortgage at 35 cents on each $100 of the debt, and Florida Statute 199.133 imposes a one-time nonrecurring intangible tax of 2 mills on each dollar of the debt secured by real property, as the Department of Revenue’s documentary stamp tax page and nonrecurring intangible tax page describe. The worksheet below is an illustration and not a quote.

Closing item on a recorded priceWho customarily paysAt $525,000At $640,000
Deed tax at 70 cents per $100Seller, contract controls$3,675$4,480
Down payment at 20 percentBuyer$105,000$128,000
Loan amount at 80 percentBuyer$420,000$512,000
Mortgage stamps at 35 cents per $100 of the loanBuyer$1,470$1,792
Intangible tax at 2 mills on the loanBuyer$840$1,024
Mortgage stamps plus intangible taxBuyer$2,310$2,816
Owner’s title policySeller in Lee County, contract controlsQuote from the title agentQuote from the title agent
Lender’s title policy, recording, appraisal, inspection, survey, prorations, insurance escrowBuyerPer the Loan Estimate and closing statementPer the closing statement

The two prices are the two qualified Palm Bay Estates sales of the last 60 months, July 22, 2025 and April 30, 2025. The worksheet leaves out the items we cannot source for Palm Bay Estates, including any association application fee, transfer fee or capital contribution, which the estoppel certificate states. Your lender’s Loan Estimate and the title company’s settlement statement control. For a buyer who wants the worksheet run on a specific home and loan, see how we price a Palm Bay Estates purchase or Call Marc at (239) 287-5873.

How Does Buyer Representation Work in Florida After the NAR Settlement?

Since August 17, 2024, an MLS participant working with a buyer must sign a written agreement before touring a home, in person or by live virtual tour, and it must state any compensation as an amount or rate that is objectively ascertainable. That makes the fee a conversation before the first tour.

Data updated: October 2026 (National Association of Realtors guidance, read 1 Oct 2026).

What the agreement must say

According to the National Association of Realtors, Written Buyer Agreements 101, the agreement must conspicuously disclose the amount or rate of any compensation and how it is determined, state that the agent may not receive compensation from any source that exceeds the amount agreed with you, and state that broker commissions are not set by law and are fully negotiable. It should also say what services you receive and how long the agreement lasts.

How we handle it

We put the agreement and the fee in writing before we open the first Palm Bay Estates door, and we explain who pays what: you can ask the seller in your offer to cover some or all of our fee, and any part the seller does not cover is yours. We will walk you through the NAR settlement FAQs in plain terms before you sign anything. Start your Palm Bay Estates buyer consultation or Call Marc at (239) 287-5873.

Which Schools Serve Palm Bay Estates at Bonita Beach? Check by Address

Lee County’s school proximity layer, queried on October 1, 2026 for the Palm Bay Estates home points, returned elementary zone Q. The School District of Lee County’s address locator controls the answer for any specific home, and the district revises its plan every year, so check the address for the current school year.

How to check your address

Open the district’s school zones page, which links to the school site locator, and enter 26773 Hickory Blvd. Run it for the current school year and again if the district approves a new enrollment plan. The district’s published enrollment plan explains how choice and proximity zones work. The district page says the 2026 to 2027 plan was approved on December 1, 2025, and we did not read that version.

What Is Daily Life Like at Palm Bay Estates Condominium on Bonita Beach?

Daily life at Palm Bay Estates means a bay-side address on Hickory Blvd with a county Gulf beach access about 57 to 115 meters from the homes by our straight-line measurement, City and county services for roads, and a drive of 11 to 14 minutes to Interstate 75. Several public beach lots changed their rules in September 2026.

Beach access and public lots, checked October 1, 2026

Palm Bay Estates sits on the east, or bay, side of Hickory Blvd on Little Hickory Island, the barrier island that carries Bonita Beach, and the county’s public Gulf beach access at 26786 Hickory Blvd sits almost directly across the road. By our straight-line measurement from the county’s access-point layer to the eight home points, Access 6 is about 57 to 115 meters away, Access 7 is about 317 to 365 meters away and Access 5 is about 388 to 437 meters away. Those are our measurements, not walking routes. Lee County Parks pages, which we re-read on October 1, 2026, said the following, and the pages change, so check them again before you go.

  • Bonita Beach Park, 27954 Hickory Blvd: the lot and amenities were closed from Tuesday, September 8, 2026 for Hurricane Ian repair construction, and pedestrian access was through Access 1.
  • Bonita Beach Access 1, 27890 Hickory Blvd: the page said the lot closes November 1, 2026.
  • Little Hickory Island Park, 26082 Hickory Blvd: the lot was closed from September 8, 2026, pedestrian access continued and the annual pass is valid.
  • Other Bonita Beach accesses: the county page lists free parking at accesses 2 through 9, says no pets and no fires or grilling are allowed, and warns that the beaches have not been restored to their condition before Ian.

A WGCU report from September 9, 2026 covers the parking closures. The county’s annual beach parking pass is $60 under the unified payment system that started May 1, 2025, per the county’s payment-system notice. Whether an owner can walk through the association’s grounds to the sand, or must cross Hickory Blvd, is a declaration and site question we could not settle from public records.

Roads, bridges and the drive

The Lee County Department of Transportation closed the Big Hickory Pass Bridge on September 29, 2022 after Ian, in an update on its site, and we could not find a current status statement, so we do not claim a through route to Fort Myers Beach. Map routing from two points on the Hickory Blvd strip, one mid-strip and one at the south end, with no traffic, gives these ranges, and the routing services are public estimates and not official figures.

DestinationDistanceDrive time
Southwest Florida International Airport24.6 to 26.6 miles36 to 39 minutes
Naples Pier16.6 to 18.6 miles30 to 33 minutes
Interstate 75 at exit 1165.6 to 7.6 miles11 to 14 minutes

The LeeTran bus system and its on-demand service operate in the area.

Palm Bay Estates vs Bay Harbor Club at Bonita Beach: Which Condo Should You Buy?

Bay Harbor Club is the closest comparable to Palm Bay Estates on position and price: both sit on the bay side of Hickory Blvd in FEMA Zone AE at 11 feet, and Palm Bay Estates’ two sales, $525,000 and $640,000, bracket Bay Harbor Club’s 24-month median of $555,000. They differ in size, structure, age and docks.

Data updated: October 2026 (Lee County Property Appraiser and Florida DOR recorded sales, index built 1 Oct 2026).

Palm Bay Estates versus Bay Harbor Club, side by side

Bay Harbor Club is a two-tower condominium of 104 units by the state record and 103 on the county roll, with 13 levels over parking, built in 1983, about 1,080 to 1,130 meters north of Palm Bay Estates. If Bay Harbor Club is on your list, read our Bay Harbor Club buyer guide next.

QuestionPalm Bay EstatesBay Harbor ClubWho it fits
Size8 homes in four two-home buildings104 units by the state record (103 on the roll), in two towersPalm Bay Estates for the smallest scale
Built1985 per the county roll1983Palm Bay Estates for the slightly newer record
StoriesOne story per the county13 levels over parkingPalm Bay Estates for ground-level living
FEMA zoneAE, 11 ftAE, 11 ftEqual
Bare ground, ft2.6 to 3.63.7 to 5.3Bay Harbor Club for higher ground
DocksNot published50 deeded docks among 103 unitsBay Harbor Club if a deeded dock matters
County medianNot stated: 2 sales in 60 months, fewer than 10$555,000 (12 sales in 24 months)Compare directionally; windows differ
County range$525,000 to $640,000 (60 months)$450,000 to $750,000 (24 months)Bay Harbor Club for the wider recent set
Median per heated sq ft$463.77, the median of these 2 sales$412.64 (24 months)Compare directionally; two sales are not a market
Home size1,150 to 1,444 sq ft, four sizes1,345 sq ft standard planPalm Bay Estates for variety

Palm Bay Estates’ two sales in 60 months both fall in 2025, and Bay Harbor Club’s twelve sales span two years.

Decision table: which one for which buyer

If your priority isLook first atWhy, from the record
One-story livingPalm Bay EstatesOne story against 13 levels
A tiny associationPalm Bay Estates8 homes against 104 units
A deeded dockBay Harbor Club50 deeded docks documented
A deeper recent sales recordBay Harbor Club12 sales in 24 months against 2 in 60 months
Higher bare groundBay Harbor Club3.7 to 5.3 feet against 2.6 to 3.6 feet
A lower entry price on the stripSee the strip comparison belowBeach and Tennis Club has the lowest stated median in our table, $280,000 over 12 months

How Does Palm Bay Estates Compare With the Rest of the Bonita Beach Condo Strip?

Palm Bay Estates is one of the smallest condominiums on the Bonita Beach strip, with 8 homes against 40 to 360 in many neighbors, and its two recorded 2025 sales, $525,000 and $640,000, bracket Bay Harbor Club’s $555,000 median. County windows differ by association, so every figure below carries its own window.

Data updated: October 2026 (Lee County Property Appraiser and Florida DOR recorded sales, index built 1 Oct 2026).

Six associations, with flood zone and ground elevation

The yardstick is each association’s first window among 12, 24, 36 and 60 months that holds 10 or more qualified county sales, with the number of sales beside it, plus the FEMA zone and the bare-earth ground elevation at the query points. Where no window up to 60 months holds 10, the table gives no median and the sales are counted instead. Palm Bay Estates and Sea Isles are in that second group, so treat the comparison as directional, not exact.

AssociationSide of Hickory BlvdCounty windowQualified salesMedianRangeHomesBuiltFEMA zone, BFEBare ground, ft
Palm Bay EstatesBay60 months, fewer than 10: every sale listed in the market section2not stated (fewer than 10 sales)$525,000 to $640,0008 (DBPR)1985AE 112.6 to 3.6
Bay Harbor ClubBay24 months12$555,000$450,000 to $750,000104 (DBPR), 103 on roll1983 to 1984AE 113.7 to 5.3
Sea IslesBay60 months, fewer than 108not stated (fewer than 10 sales)$395,000 to $833,00084 (DBPR)1980AE 113.9 to 4.5
Beach and Tennis ClubBay (Bonita Beach Rd SW)12 months20$280,000$199,900 to $425,000360 (DBPR, five projects of 72)1977 to 1980AE 106.8
SeascapeGulf60 months10$592,500$370,000 to $850,000136 (DBPR)1979AE 126.0 to 6.2
Bonita Beach ClubGulf24 months17$690,000$455,000 to $1,075,000198 (DBPR)1977 to 2009AE 125.6 to 5.9

Sea Isles’ eight sales since October 2021 run from $395,000 to $833,000, and the median of these 8 sales is $610,000. Palm Bay Estates is also the only row whose bare ground, at 2.6 to 3.6 feet, is below the 3.7 to 5.3 feet at Bay Harbor Club, the next lowest. Two sales against twelve is too thin to rank, so the first fair comparison is the one with Bay Harbor Club above.

The other small and bay-side buildings

Several neighbors are as small as Palm Bay Estates or smaller, and each has a record as thin. The county’s figures for them, each with its window, are below.

AssociationSideHomesBuiltFEMA zone, BFECounty windowQualified salesRange
Gulf Harbor (Hickory Blvd)Bay8 (DBPR)1985AE 1160 months, fewer than 101$820,000 to $820,000
BayscapeBay4 (DBPR)1982AE 1160 months, fewer than 101$899,000 to $899,000
Snook HarborBay3 (DBPR)2001AE 1160 months, fewer than 101$1,950,000 to $1,950,000
Beachwood on the BayBay15 (DBPR)1982AE 1160 months, fewer than 101$528,000 to $528,000
Casa Bonita RoyaleBay40 (DBPR)1979AE 1160 months, fewer than 102$490,000 to $520,000
Bonita Beach Plantation HouseBay (Bonita Beach Rd SW)48 (DBPR)1985AE 1060 months14$225,000 to $450,000, median $342,500

A single 60-month sale at Gulf Harbor, which has the same 8 homes, 1985 roll year and Zone AE 11 as Palm Bay Estates, was $820,000, while Palm Bay Estates’ two were $525,000 and $640,000, and Bonita Beach Plantation House, also built in 1985, has 14 sales at a $342,500 median. Those differences are why we compare buildings one at a time and bring the right ones into your file. The Casa Bonita towers include buildings the county maps in the higher-hazard Zone VE at 13 feet, which is a different insurance conversation from Palm Bay Estates’ Zone AE.

What Are the Pros and Cons of Buying a Condo at Palm Bay Estates?

Palm Bay Estates offers eight one-story, bay-side homes in four buildings, a county beach access within about 115 meters and a small association, and its costs are an unpublished fee schedule, a thin sales record, 1985 buildings and the flood and insurance pressure of Zone AE. Both columns are documented below.

What we like

  • Scale. Eight homes at one address, small enough that every owner has a voice and every decision is personal.
  • Bay side. The county roll lists all eight home parcels on the bay side of Hickory Blvd, with a Bayou Front land-use description.
  • Beach access on foot. The nearest county access is about 57 to 115 meters away, per our measurements.
  • One story. The county’s building layer shows one story for all four buildings.
  • Variety. Four heated sizes, from 1,150 to 1,444 square feet, so a buyer can choose a size.
  • Clean state record. The state shows the association approved and recorded, with every annual fee billed for 2022 through 2026 shown as paid.

What gives us pause

  • A thin public record. No association website, fee schedule, rules, budget or reserve document was found, and the county’s recorded-sales file holds 2 qualified sales in the last 60 months.
  • Hard-to-price homes. The 2025 pair, with the smaller home selling for $115,000 more, shows that size alone does not set a price here.
  • Flood and surge. FEMA Zone AE at 11 feet, evacuation Zone A and Ian marks of 11.0 to 12.4 feet within 634 meters.
  • Low ground. Bare ground of 2.6 to 3.6 feet is the lowest of the six associations in our elevation comparison.
  • Age. The buildings date to 1985, so roofs, windows and shared systems deserve a documented review.
  • Insurance cost. Statewide condominium premiums have moved sharply, and this association’s own are not published.
  • Small-association risk. Eight owners share every cost, so one large repair can mean a large share per home.

How Do I See Palm Bay Estates Condos for Sale at Bonita Beach?

To see Palm Bay Estates condos for sale, tell us your budget and timing. We, Top 1% Real Estate Agents Nationally Since 2008, will watch the Southwest Florida MLS and send each match with its recorded sales, flood data and documents to request. With eight homes, a listing is rare, so a saved search matters.

Listing alerts and the current MLS read

Active and pending Palm Bay Estates listings, their list prices and months of supply: Information not available at time of publishing (checked 2026-10-01). We will not guess a count. Send us any Palm Bay Estates address you see, and we will pull the file before you tour. For the wider market, our Bonita Springs buyer page covers how we represent buyers across the city.

If nothing is listed

When no Palm Bay Estates home is for sale, we look at the closest alternatives on the strip, such as Bay Harbor Club, Sea Isles or a larger building, and we can reach out to the owners of homes that fit. Call Marc at (239) 287-5873.

How Do I Get a Personalized Palm Bay Estates Buyer Consultation?

You get a personalized Palm Bay Estates buyer consultation from McGreevy and Comisar by using the buyer form on this page or by calling Marc Comisar at (239) 287-5873. Tell us your budget, timing and whether a bay-side address, a beach access or higher ground matters, and we send the homes that fit with their recorded sales.

What the consultation covers

McGreevy and Comisar, Top 1% Real Estate Agents Nationally Since 2008, start with the association’s filings, the flood zone and the price you can support from the recorded sales of eight similar homes and the neighboring buildings, then list the documents your lender, insurer and attorney will ask for.

Start with a call or the form

Start your Palm Bay Estates buyer consultation with the form on this page, or read how we represent buyers. Call Marc at (239) 287-5873, or talk to Jesse direct at (239) 898-6072.

Buying here and selling a home first?

If you need to sell to buy, read how we sell Palm Bay Estates homes and get a free Palm Bay Estates home valuation so the sale and the purchase line up. Call Jesse direct at (239) 898-6072.

Buying a Winter Home at Palm Bay Estates: What Seasonal Buyers Should Know

A seasonal Palm Bay Estates owner leaves a one-story bay-side condo empty for months, so plan the storm routine, a caretaker, the insurance and the association paperwork, because the buildings are in Evacuation Zone A and the rental, pet and approval rules are not published. Settle those before you buy, not from a distance afterward.

Before you leave for the summer

Ask the declaration whether a caretaker, shutters or a key holder are required, who handles an emergency in the other home of your duplex building, and how owners are notified. With eight owners and a manager named only in two public records, you may be the one who gets the call, so agree on a contact path with your neighbors. Ask too whether the roof, exterior walls and shared systems of your building belong to you, to the association or to the two owners together.

Closing from out of state

Florida title companies routinely close with remote online notarization or mail-away signing, and you should confirm wire instructions by phone, never from an email alone. Foreign buyers should plan ownership with a cross-border tax adviser, since a future sale will generally face FIRPTA withholding unless an IRS exemption or certificate applies.

What Palm Bay Estates Buyers Say About Working With Us

Marc Comisar is a top-reviewed Palm Bay Estates buyer’s agent and Jesse McGreevy is a top-reviewed Bonita Springs realtor, and every review below is copied from our Google Business Profile. Those reviews are how Top 1% Real Estate Agents Nationally Since 2008 are measured in practice: by the clients who closed with us.

Laura Zegarac, buyer

★★★★★ “He was quick to respond with any questions about the purchase of our new home and made sure everything went smoothly! We highly recommend him as an agent!” Verified Google review

Sherry Warga, buyer

★★★★★ “We highly recommend Marc Comisar for your real estate needs. He was very knowledgeable. If he didn’t know an answer, he would do research until he did. Marc is pleasant, timely, and listened to our wants and needs. He went above and beyond to make sure we found our forever home. Thank you, Marc!” Verified Google review

Ian Matheson, buyer

★★★★★ “Marc is one of the most down to earth realtors that really listens to your needs and is exceptional at finding the right house.” Verified Google review

Margaret Whalen, buyer

★★★★★ “Marc knows the market, works for his buyer and is attentive to his goals.” Verified Google review

Frequently Asked Questions, Palm Bay Estates at Bonita Beach Buyer Edition

These are the thirty-six questions buyers ask us most about Palm Bay Estates at Bonita Beach, answered from the Lee County record, the state’s corporate and condominium records, FEMA maps and Florida law, with every unknown labeled as unknown. For your own search, Call Marc at (239) 287-5873.

What is Palm Bay Estates at Bonita Beach?

Palm Bay Estates Condominium is an eight-home, bay-side condominium of four one-story duplex buildings at 26773 Hickory Blvd in Bonita Springs, built in 1985 per Lee County’s roll.

Where is Palm Bay Estates Condominium?

It sits on the bay side of Hickory Blvd on Little Hickory Island, inside the City of Bonita Springs in Lee County. The nearest county Gulf beach access, Access 6 at 26786 Hickory Blvd, is about 57 to 115 meters away by our straight-line measurement.

How many homes are in Palm Bay Estates?

Eight. The state’s condominium record and the county roll both show 8 units, in four buildings of two homes each.

When was Palm Bay Estates built?

The county roll dates all eight homes and all four buildings to 1985, and the state’s condominium record shows the project recorded on August 1, 1985.

Is Palm Bay Estates on the Gulf or the bay?

It is on the bay side of Hickory Blvd, and the county tags every home parcel Bayou Front.

How much do Palm Bay Estates condos sell for?

The county’s qualified file shows two sales in the last 60 months, $640,000 on April 30, 2025 for a 1,150 square foot home and $525,000 on July 22, 2025 for a 1,415 square foot home.

How many Palm Bay Estates condos are for sale right now?

Information not available at time of publishing (checked 2026-10-01). Active-listing counts come from the Southwest Florida MLS, which was not available when we published.

How long do Palm Bay Estates condos take to sell?

Information not available at time of publishing (checked 2026-10-01). Days on market comes from the Southwest Florida MLS, and we will not estimate it from the county record.

What are the HOA fees at Palm Bay Estates?

Not published. We found no association website, budget or rules, and we did not use fee figures from listing text. The estoppel certificate and the budget state the current assessment, and we request both before you make an offer.

What does the Palm Bay Estates HOA fee include?

Not published. Which costs the association pays, such as insurance, roofs, grounds or water, is set by the declaration and the budget.

Does Palm Bay Estates have a pool or a clubhouse?

No amenity list is public. The county shows a 0.80-acre common-element parcel, but nothing on the record names a pool, a clubhouse, a gym or a gate.

Does Palm Bay Estates have a dock?

Not published. The county tags every home parcel Bayou Front, but no document we found says whether the association has a dock, a lift, a seawall or a launch, or who owns and maintains it.

Can you rent out a Palm Bay Estates condo?

Not published. The declaration’s leasing article controls, and Florida, Lee County and the City of Bonita Springs each add licensing and tax rules on top. Short-term rentals trigger a state license and the county’s 5 percent tourist tax.

Are pets allowed at Palm Bay Estates?

Pet rules are not published. The county’s beach accesses nearby do not allow pets.

What flood zone is Palm Bay Estates in?

FEMA’s map shows Zone AE with a base flood elevation of 11 feet NAVD88 on panel 12071C0651G, effective November 17, 2022, and Lee County’s map shows evacuation Zone A.

Do Palm Bay Estates buyers need flood insurance?

A lender will require it for a financed purchase in a special flood hazard area, and a cash buyer should consider it.

Is Palm Bay Estates in an evacuation zone?

Yes. Lee County’s evacuation map returned Zone A and surge zone 1 at the home points on October 1, 2026.

How much did Hurricane Ian flood the Palm Bay Estates area?

The U.S. Geological Survey surveyed five high-water marks within 634 meters at 11.0 to 12.4 feet above the datum, which implies roughly 7.4 to 9.8 feet of water above bare ground by our arithmetic. No Palm Bay Estates document describes the buildings’ own damage.

Has Palm Bay Estates had special assessments?

We found none in public records. Special assessment notices are association documents, so the estoppel certificate, the budget and the minutes are where they would appear.

Who manages Palm Bay Estates?

The Florida corporate record and the state’s condominium record both name Gulf Coast Realty and Property Management, at 26711 Dublin Woods Circle, Suite 202, Bonita Springs.

Has Palm Bay Estates done its milestone inspection and reserve study?

The buildings are one story with two homes each, so the statutes that require them for buildings of three or more habitable stories do not appear to apply. That is our reading and not a determination, so ask whether the association has a reserve and a roof plan regardless.

Which schools serve Palm Bay Estates?

Lee County’s school layer returned elementary zone Q for the home points on October 1, 2026.

How big are the condos at Palm Bay Estates?

The county roll shows heated areas of 1,150 square feet for four homes, 1,251 for one, 1,415 for two and 1,444 for one, a total of 10,125 with a median of 1,200.5.

How close is Palm Bay Estates to the beach?

County Access 6 is about 57 to 115 meters from the homes in a straight line, Access 7 about 317 to 365 meters and Access 5 about 388 to 437 meters.

Do Palm Bay Estates buyers need association approval?

The approval rules are not published. The estoppel certificate must state whether a board approval or right of first refusal applies, so ask for it at the start of the contract period, not the end, because approval time can affect the closing date.

How do I price a Palm Bay Estates condo with so few sales?

With two sales in the last 60 months, the nearest comparable may be neighboring buildings as much as Palm Bay Estates itself. We compare the home with its own record and with Bay Harbor Club and the other strip neighbors, adjust for size, phase and condition, and give you a range with the reasoning.

What documents should I ask for before buying a Palm Bay Estates condo?

Ask for the declaration and every amendment, the plat, the budget and financial statement, every special assessment notice since 2022, the insurance declarations pages, an elevation certificate, the roof’s age and the estoppel certificate. Florida Statute 718.503 makes the seller provide most of them at the seller’s expense.

How much is the estoppel certificate fee for a Palm Bay Estates condo?

Up to $299 for the certificate, up to $119 more for an expedited request and up to $179 more where the account is delinquent, per the Florida DBPR’s published fee schedule.

What will closing costs be on a Palm Bay Estates condo?

On the $525,000 recorded price, an 80 percent loan carries $1,470 in mortgage stamps and $840 in intangible tax, and the seller customarily pays the $3,675 deed tax.

Who pays the deed stamp tax when buying in Lee County?

The seller customarily pays, and the contract controls. Florida taxes deeds at 70 cents per $100 under Florida Statute 201.02.

Can I get a mortgage on a Palm Bay Estates condo?

Usually only if the lender approves the project as well as you. A very small condominium is reviewed on its budget, reserves, insurance and any special assessment, so have the estoppel certificate and the budget in hand early, and talk to a lender about the project before you tour.

Have Palm Bay Estates condos gone up or down in price?

Both. The Phase 1 home that sold for $530,000 in November 2004 sold for $345,000 in July 2010, and the Phase 2 home that sold for $150,000 in February 1987 sold for $640,000 in April 2025. These are public-record facts, not forecasts.

Is Palm Bay Estates the same as Palm Bay, Florida?

No. Palm Bay is a city in Brevard County on Florida’s east coast. Palm Bay Estates at Bonita Beach is an eight-home condominium at 26773 Hickory Blvd in Bonita Springs, Lee County, on Florida’s Gulf coast.

Does Palm Bay Estates have an association website?

We found none. Florida requires a website or app only for condominium associations that manage 25 or more units, and Palm Bay Estates has 8, so the absence of a site says nothing about compliance.

How does Palm Bay Estates compare with Bay Harbor Club?

Palm Bay Estates has 8 one-story homes built in 1985 and Bay Harbor Club has 104 units in two towers built in 1983, both in FEMA Zone AE at 11 feet.

Who is the best realtor for Palm Bay Estates condos?

McGreevy and Comisar lead Domain Realty Group, the number one real estate team in Southwest Florida since 2012, with the Top 1% Real Estate Agents Nationally Since 2008 recognition. Call Marc at (239) 287-5873 for a buyer consultation, or see how we represent buyers.

Why Does a Bonita Beach Condo Specialist Matter When You Buy?

A Bonita Beach condo specialist matters because the price is the smaller part of the decision: documents, flood elevation, insurance, a very small association and a record this thin. McGreevy and Comisar, Top 1% Real Estate Agents Nationally Since 2008, read the county’s sales and every Palm Bay Estates filing before we show you a home.

We tracked every one of the 19 Palm Bay Estates condo sales in the county record since 1986, 5 of them since 2009 when the record is complete, and we tracked the latest recorded sale on each of the 8 homes. Sellers weighing the other side of this market can read how we sell Palm Bay Estates homes or request a free Palm Bay Estates valuation. Call Jesse direct at (239) 898-6072. The record behind this page is in our Palm Bay Estates guide, and our Bonita Beach guide covers the strip.

What Could We Not Verify About Palm Bay Estates Before You Buy?

We could not verify Palm Bay Estates’ fees, rules, budget, reserves, insurance, amenities or the status of any dock, because no public document states them, and the Southwest Florida MLS was not pulled for this page. Each item below names the document that answers it.

  • Fees, assessments and reserves: the budget and the estoppel certificate.
  • Special assessments and loans: the estoppel certificate, the budget and the minutes.
  • The declaration and its amendments: the Lee County Clerk of the Circuit Court, or the seller’s package, citing Official Records Book 1796, Page 3175 for Phase 1 and Book 2577, Page 3027 for Phase 2.
  • Leasing, pets and approvals: the declaration and rules.
  • Amenities, docks and a gate: the declaration, the plat and the manager.
  • Insurance: the master policy declarations pages and the manager’s insurance summary.
  • Lowest floor elevation: an elevation certificate.
  • Milestone and reserve study status: the buildings appear to fall outside the three-story test, which is our reading of the statutes and the county’s story count and not a determination. The manager and the City’s building official can say.
  • MLS figures: the Southwest Florida MLS pull.

If you are ready to buy in Palm Bay Estates, start your Palm Bay Estates buyer consultation or Call Marc at (239) 287-5873, and we will send the homes that fit your budget, their recorded sales and the documents to request. McGreevy and Comisar are the #1 team in Southwest Florida since 2012, and our credentials are below.

  • Top 1% Real Estate Agents Nationally Since 2008
  • 5 Star Award for Customer Satisfaction for 21 Straight Years. Only 5 out of 21k+ Licensees (Gulfshore Life Magazine)
  • #1 Team in Southwest Florida since 2012
  • McGreevy and Comisar and their Domain Realty Group team have sold over $2.5 Billion in Real Estate
  • McGreevy and Comisar alone have over $900 million in Sales
  • Nationally Recognized Top Producing Realtors
  • Platinum Sales Production Award Winners

Your Local Real Estate Experts

Your local real estate experts for Palm Bay Estates are Jesse McGreevy and Marc Comisar of McGreevy and Comisar, the team that leads Domain Realty Group from its office at 24031 S Tamiami Trl #101 in Bonita Springs. They read the county’s recorded sales and the state’s filings before writing a word.

Jesse McGreevy is a Sales Associate and Marc Comisar is a Broker Associate, and you can read how the team was built on our about McGreevy and Comisar page.

Contact McGreevy and Comisar

  • Jesse McGreevy: (239) 898-6072 ·
  • Marc Comisar: (239) 287-5873
  • Office: 24031 S Tamiami Trl #101, Bonita Springs, FL 34134

Buying at Palm Bay Estates? See how we represent buyers or Call Marc at (239) 287-5873.

Selling a Palm Bay Estates home? Get a free Palm Bay Estates home valuation, or Call Jesse direct at (239) 898-6072.

Licensure, and the office of record

Jesse McGreevy (Sales Associate) and Marc Comisar (Broker Associate) are licensed Florida REALTORS® with Domain Realty, and Florida real estate licensure is regulated by the Florida Real Estate Commission (FREC). Florida DBPR license numbers: Jesse McGreevy SL3101296 (Sales Associate) and Marc Comisar BK3060671 (Broker Associate), with the brokerage Domain Realty.

McGreevy and Comisar lead Domain Realty Group, a full-service Southwest Florida real estate team. Learn more about our team at DomainRealtyGroup.com.

Where else to find the team

Follow our Southwest Florida market updates on Facebook, Instagram and YouTube. For the wider area, see our Bonita Springs area guide.

Sources and Authoritative References

Every figure on this page traces to a county, state or federal record or a public agency page, retrieved by October 1, 2026. We do not cite brokerage or listing sites. Sale figures are from the Lee County Property Appraiser and Florida Department of Revenue recorded-sale files.

  1. Florida Statute 718.503
  2. Florida Statute 718.504 (2025)
  3. Florida Statute 718.116
  4. Florida DBPR estoppel certificate fee schedule
  5. Florida Statute 718.303
  6. Florida Statute 718.1265
  7. Florida Statute 201.02
  8. Florida Statute 201.08
  9. Florida Statute 199.133
  10. Florida Department of Revenue, documentary stamp tax
  11. Florida Department of Revenue, nonrecurring intangible tax
  12. Florida Statute 689.302
  13. Florida Statute 509.242
  14. Florida Division of Corporations (Sunbiz)
  15. Division of Florida Condominiums public records
  16. Lee County Property Appraiser
  17. FEMA National Flood Hazard Layer
  18. Lee County evacuation zone map
  19. Lee County evacuation information
  20. USGS high-water marks, Hurricane Ian
  21. USGS National Map elevation service
  22. National Hurricane Center report, Hurricane Ian
  23. City of Bonita Springs FEMA and CRS page
  24. FEMA summary of coverage, residential condominium buildings
  25. Florida Office of Insurance Regulation data reports
  26. Citizens 2026 rate and rule changes
  27. My Safe Florida Condo program
  28. Freddie Mac Primary Mortgage Market Survey
  29. National Association of Realtors, Written Buyer Agreements 101
  30. National Association of Realtors, NAR settlement FAQs
  31. IRS, FIRPTA withholding
  32. Lee County Clerk, tourist development tax
  33. Florida Department of Revenue tourist tax rates
  34. Division of Hotels and Restaurants, vacation rental guide
  35. City of Bonita Springs rental permit program
  36. U.S. HUD assistance animals
  37. City of Bonita Springs EnerGov permit portal
  38. School District of Lee County, school zones
  39. Lee County school site locator
  40. School District of Lee County enrollment plan
  41. Lee County Parks, Bonita Beach Accesses 2 through 9
  42. Lee County Parks, Bonita Beach Park
  43. Lee County Parks, Bonita Beach Access 1
  44. Lee County Parks, Little Hickory Island Park
  45. Lee County Parks, beaches
  46. WGCU, parking closures, September 9, 2026
  47. Lee County Parks payment system notice
  48. Lee County DOT, Big Hickory Pass Bridge update
  49. LeeTran
  50. Jesse McGreevy
  51. Marc Comisar
  52. About McGreevy and Comisar
  53. Bonita Beach community page
  54. Bonita Springs area page
  55. Palm Bay Estates guide
  56. Bay Harbor Club guide
  57. Buying with McGreevy and Comisar
  58. Domain Realty Group
  59. Florida Statute 718.501
  60. Florida Statute 718.112
  61. Florida Statute 553.899
  62. House Bill 913 (2025) bill page
  63. Division of Florida Condominiums, inspections
  64. Sunbiz record, Palm Bay Estates Condominium Association, Inc.
  65. Sunbiz annual report, April 27, 2026
  66. City of Bonita Springs substantial damage and substantial improvement notice

Downloadable Documents

The official documents below are filed with or published by the Florida Division of Corporations, the Florida DBPR, the City of Bonita Springs, the National Hurricane Center and FEMA. They are the ones a Palm Bay Estates buyer should read before signing, and each link opens the issuing authority’s own copy.

DocumentIssued byDateWhat it coversLink
Sunbiz annual report, Palm Bay Estates Condominium Association, Inc.Florida Division of CorporationsApril 27, 2026Agent, mailing address and eight officer and director positionsView the 2026 report
Sunbiz annual report, prior yearFlorida Division of CorporationsApril 9, 2025Agent and mailing addressView the 2025 report
Estoppel certificate fee scheduleFlorida DBPRPer the file nameInflation-adjusted fees under Florida Statute 718.116View the DBPR schedule
Substantial damage and substantial improvement noticeCity of Bonita SpringsOctober 27, 2022, per the file nameThe 50 percent rule and design flood elevationView the City notice
Tropical Cyclone Report, Hurricane IanNational Hurricane CenterTropical cyclone reportStorm surge and inundation rangesView the Ian report
Summary of coverage, residential condominium buildingFEMA, National Flood Insurance ProgramMay 2024, per the file nameBuilding limit and coverage termsView the FEMA summary

Southwest Florida MLS figures were not available at publication (checked 2026-10-01); county recorded sales checked October 1, 2026.

McGreevy and Comisar, Best Realtor for Palm Bay Estates. Brokered by Domain Realty. Jesse McGreevy, FL Lic. SL3101296 · Marc Comisar, FL Lic. BK3060671.