Neighborhood · Hobe Sound, Florida
Banner Lake
A quiet Hobe Sound pocket with room to breathe
14
Homes for sale
$2,495,000
Median list price
$697
Avg price / sqft
503
Median days on market
Banner Lake sits in Martin County's stretch of Hobe Sound, a neighborhood that trades flash for a slower, residential rhythm just inland from the coast. It's the kind of place where pool homes on generous lots dominate, and communities like Heritage Ridge and Papaya Village anchor everyday life. If you want the space and privacy of Hobe Sound without living on top of your neighbors, this is a corner worth knowing.
The market here is unusual and worth reading carefully. With just 14 active listings and a median list price of $2,495,000, the asking side is dominated by high-end properties — 12 of the 14 are priced above $1 million — yet only 3 homes actually sold in the last year at a median of $320,000. That gap tells you the everyday transaction and the aspirational listing live at very different price points, so browse the full range of Hobe Sound homes for sale or the live map before you draw conclusions.
Banner Lake is a community in Hobe Sound, Florida.
Quick facts
$249,900 – $2.5M price range
3,236 sqft median home
3 sold in 12 months
On the market now
Homes for sale in Banner Lake
View all 14 →
$249,900
8444 SE Date Street, Hobe Sound FL 33455, HOBE SOUND
2 bd · 1 ba · 833 sqft
$299,900
8545 SE Mars Street, Hobe Sound FL 33455, HOBE SOUND
3 bd · 2 ba · 1,048 sqft
$2,495,000
8626 SE Mars Street # 4b, Hobe Sound FL 33455, HOBE SOUND
3 bd · 3.5 ba · 3,236 sqft
$2,495,000
8677 SE Neptune Street # 8b, Hobe Sound FL 33455, HOBE SOUND
3 bd · 3.5 ba · 3,236 sqft
$2,495,000
8687 SE Neptune Street # 8a, Hobe Sound FL 33455, HOBE SOUND
3 bd · 3.5 ba · 3,291 sqft
$2,495,000
8647 SE Neptune Street # 6a, Hobe Sound FL 33455, HOBE SOUND
3 bd · 3.5 ba · 3,291 sqft
$2,495,000
8637 SE Neptune Street # 6b, Hobe Sound FL 33455, HOBE SOUND
3 bd · 3.5 ba · 3,236 sqft
$2,495,000
8616 SE Mars Street # 4a, Hobe Sound FL 33455, HOBE SOUND
3 bd · 3.5 ba · 3,291 sqft
$2,495,000
8636 SE Mars Street, Hobe Sound FL 33455, HOBE SOUND
3 bd · 3.5 ba · 3,291 sqft
$2,495,000
8657 SE Neptune Street, Hobe Sound FL 33455, HOBE SOUND
3 bd · 3.5 ba · 3,236 sqft
$2,495,000
8617 SE Neptune Street, Hobe Sound FL 33455, HOBE SOUND
3 bd · 3.5 ba · 3,236 sqft
$2,495,000
8667 SE Neptune Street, Hobe Sound FL 33455, HOBE SOUND
3 bd · 3.5 ba · 3,291 sqft
Every active listing inside the Banner Lake boundary
Open full map search →Find your fit
Browse Banner Lake
By feature — on the live map
Where the market lives
The numbers that matter
The Banner Lake market
3
Sold, last 12 months
$320,000
Median sold price
95%
Sale-to-list ratio
What sellers actually get vs asking
11 days
Median time to sell
Banner Lake vs Hobe Sound
Median list price
Price per sqft
Days on market
Median sold price — 3-yr, 3-mo rolling
▲ 11.3% yr/yr
Homes sold per month
Live Stellar MLS data — every listing and closed sale inside the Banner Lake boundary. Rolling medians smooth single-month swings in small communities.
For the school run
Schools Banner Lake is zoned for
Attendance boundaries overlapping this community — always verify zoning with the district.
What it really costs
Owning here
Owning the median Banner Lake home
≈ $13,631/mo
$2,495,000 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
Population
1,780
Median age
51
Median income
$89,625
Median home value
$409,300
Beyond the listings
Living in Banner Lake
Active
Top 10% in the U.S.Organized Sports
From tryouts and casual pick-up games, to varsity tournaments and intramural matches, this population includes people who participate in organized athletics. Often through schools or public recreational areas.
Lifestyles
Top 13% in the U.S.Student Life
There's more to student life than academics. It's about the experience - from classes and homecoming, to making lifetime friends and alumni events. These are students at school, taking classes online, or finding other ways to be students in their daily lives.
Culture
Top 18% in the U.S.Sites to See
This population finds the most beautiful sites just by looking up. Sunrise, sunset or sometime in between, these people love to marvel at man-made and natural wonders.
Entertainment
Top 19% in the U.S.Lighthearted Fun
This population is all about keeping the mood light and good, clean fun. Common activities include spending time outdoors, catching up with friends, and dancing.
Lifestyles
Top 21% in the U.S.Nerd Culture
These people aren't afraid to nerd out. Common activities include comic books, video games, and often intellectual pursuits.
Hobbies & Interests
Bookish
Always seeking the next book, article, or poem to read, this activity is prevalent in areas where reading is a way of life. Although a solo activity, the expression of the love of books is a bonding, communal experience.
Straight answers
Banner Lake FAQs
Is Banner Lake a good place to live?+
It suits buyers who want a calm, residential slice of Hobe Sound with generous lots and pool homes rather than dense coastal development. Established communities like Heritage Ridge give it a settled feel, and it stays close to the broader amenities of Martin County. It's a fit for anyone prioritizing space and privacy over walkable buzz.
Is Banner Lake expensive?+
It depends entirely on where you look. The median list price is $2,495,000 and 12 of 14 active listings ask above $1 million, but the three homes that actually sold in the last year did so at a median of $320,000. That means real-world entry points exist well below the eye-catching top of the Hobe Sound market.
What do homes cost in Banner Lake?+
Active listings range from $249,900 to $2,495,000, averaging about $697 per square foot on a median home size of 3,236 sqft. Recent closings tell a more grounded story, with a median sold price of $320,000 over the past 12 months. Reviewing both the asking and the sold side gives you the truest picture.
How is the market right now?+
It's slow and thin — just 3 homes sold in the last year, and active listings carry a median of 503 days on market. When homes do sell, sellers net about 95% of their asking price, so serious pricing still transacts. Browse the live map to see exactly what's moving.
What about HOA fees and property taxes?+
Property taxes here run a median of $3,295 per year, which is reasonable for the home sizes in the neighborhood. HOA data isn't consistently reported for the area, so confirm any dues on a per-listing basis — especially within organized communities like Papaya Village. Always verify the specifics before you write an offer.
Keep exploring
More Hobe Sound neighborhoods
Neighborhood boundary by edgeAI; listings matched to the polygon. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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