This monthly report is custom-designed to keep you updated on your home's value and sales activity within Palm Cove and throughout Martin County. We hope that you find it useful.
According to the Multiple Listing Service (MLS) of the Realtor Association of Martin County and Martin County's public records, the following home sales activity occurred in Palm Cove Golf & Yacht Club in June of 2025.
Nine (9) homes are for sale in Palm Cove, down two (2) from last month. Seven (7) homes were for sale during the same period last year. One (1) home is for rent, and one (1) home was rented.
There were two (2) home sales in Palm Cove in June. There were two (2) home sales in Palm Cove during the same period last year.
There are four (4) homes under contract in Palm Cove. Six (6) homes have sold in Palm Cove year to date, compared to eight (8) home sales in the same period last year.
Below is a breakdown of properties by type, the number for sale, and list prices.
SUMMARY:
FOR SALE (9)
2381 SW Carriage Hill Terrace Unit 201 - 2,284 sq. ft. under air - $474,900
2394 SW Island Creek Trail - 1,513 sq. ft. under air - $585,000
2381 SW Island Creek Tr - 2,037 sq. ft. under air - $615,000 - New Wave Realty
855 SW Pebble Lane - 2,101 sq. ft. under air - $630,000- no pool - New Wave Realty
736 SW Pebble Lane - 2,045 sq. ft. under air - $675,000 - no pool
NEW 879 SW Pebble Lane - 2,369 sq. ft. under air - $695,000 - no pool - New Wave Realty
2408 SW Island Creek Tr - 2,750 sq. ft. under air - $799,000
2119 SW Balata Terr - 3,699 sq. ft. under air - $1,495,000 $1,315,000 - New Wave Realty
1979 SW Balata Terr - 4,961 sq. ft. under air - $1,650,000 $1,590,000
FOR RENT (1)
2358 SW Island Creek Trail - 2,750 sq. ft. under air - $3,200 per month
PENDING (4)
119 SW Hatteras Ct - 2,860 sq. ft. under air - $1,249,000 - New Wave Realty
254 SW Harbor View Dr - 3,651 sq. ft. under air - $1,299,999
58 SW Palm Cove Drive - 5,257 sq. ft. under air - $1,700,000 - New Wave Realty
166 SW Palm Cove Drive - 4,818 sq. ft. under air - $3,495,000
RENTED (1)
2371 SW Carriage Hill #103 - 1,600 sq. ft. - $2,700 per month - New Wave Realty
SOLD IN JUNE (2)
856 SW Pebble Lane - 2,345 sq. ft. under air - $689,000 - no pool - sold $648,000
2442 SW Island Creek Tr - 2,765 sq. ft u/a - $925,000 with pool - sold $885,000
TOTAL SALES IN 2025 (6)
856 SW Pebble Lane - 2,345 sq. ft. under air - $689,000 - no pool - sold $648,000
2442 SW Island Creek Tr - 2,765 sq. ft u/a - $925,000 with pool - sold $885,000
2610 SW Bridgeview Terr - 3,364 sq. ft. under air w/slip - $1,375,000 - sold $1,295,000
2381 SW Carriage Hill Terr #203 - 2,284 sq. ft. - ask $489,900 - sold $475,000
2385 SW Island Creek - 2,037 sq. ft. - $550,000 - sold $500,000 New Wave Buyer & Seller
982 SW Palm Cove Drive - 2,669 sq. ft. under air w/slip - last ask $749,000 - sold $735,000
Available Slip Certificates (6) Number Asking Price Survey Length Contact 1-4 $52,000 41.4 SLL (lift) Allen (772) 486-9088
3-18 $45,000 35.8 SLL Schuster
5-1 $70,000 49.8 SLL McCluskey (772) 214-8460
5-2 $69,000 49.9 SLL Forsythe (508) 962-4243
5-11 $48,000 50.8 SLL (lift) Hulle (954) 214-7812
6-1 $60,000 44.7 SLL Tannone (860) 490-9724
Beam Limitation 11.5
For more info, please get in touch with Palm Cove's Marina Manager at [email protected] Closed Home Sales for the month were 188 up from 167 the previous month, and down 8.7% from 206 during the same period the prior year. Cash Sales for the month were 86 down from 93 the previous month, and down 27.1% from 118 the prior year. Median Sale Price for the month was $609,500 up from $600,000 the previous month, and up 6.2% from $573,995 the prior year. Average Sale Price for the month was $1,058,509 down from $1,134.264 the previous month, and up 1.2% from $1,046,147 the prior year. Median Time to Contract for the month was 54 days up from 37 days the previous month, and up 38.5% from 36 days the prior year. Inventory (Active Listings) for the month was 1,008, down from 1,016 the previous month, and up 39.6% from772 listings for the same period last year.
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Here's some more news you can use:
Primary Mortgage Market Survey
MORTGAGE RATES MOVE DOWN
Heading into the Holiday Weekend, Mortgage Rates Decrease The average 30-year fixed-rate mortgage has dropped for the fifth straight week — marking the biggest weekly decline since early March. This is encouraging news for Martin County’s real estate market. With increased inventory and slightly more favorable lending conditions, this could be the opening many Buyers have been waiting for—especially in sought-after areas like Sewall’s Point, Stuart, and waterfront communities along the St. Lucie River.
- The 15-year fixed-rate mortgage averaged 5.8%. At this time, a year ago, the 15-year FRM averaged 5.86%.
Looking ahead, economists forecast mortgage rates will hover near current levels through summer, with gradual declines possible by late 2025—especially if inflation cools further and the Fed begins easing interest rates. For now, motivated sellers should continue leaning into strategic pricing and staging, while buyers may benefit from reduced competition and better negotiation leverage.
***************************************************************************** Palm Cove Market Update & Real Estate Insights
As we celebrate Independence Day, I want to take a moment to share a quick update from our neighborhood. This past month, four homes went under contract—a strong sign of continued demand and movement in our local market!
To those making moves and those just enjoying the season, thank you for your ongoing support. It truly means the world to me to be part of such a unique and beautiful community. Your referrals, loyalty, and confidence in me over the years have helped grow this business into something I’m deeply proud of. Wishing you a safe and fun Fourth of July filled with sunshine, family, and fireworks! With gratitude, Sara Crombie
New Wave Real Estate Group
Your Neighborhood Real Estate Expert! |
