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 August of 2025.
Seven (7) homes are for sale in Palm Cove, unchanged from last month, and one (1) home is for rent. Nine (9) homes were for sale during the same period last year.
There were four (4) home sales in Palm Cove in August. There were no home sales in Palm Cove during the same period last year.
There is one (1) home under contract in Palm Cove. Twelve (12) homes have sold in Palm Cove year to date, compared to nine (9) 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 (7)
2394 SW Island Creek Trail - 1,513 sq. ft. under air - $585,000
855 SW Pebble Lane - 2,101 sq. ft. under air - $630,000- no pool - New Wave Group
736 SW Pebble Lane - 2,045 sq. ft. under air - $669,000 - no pool
879 SW Pebble Lane - 2,369 sq. ft. under air - $695,000 - no pool - New Wave Group
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 Group
1979 SW Balata Terr - 4,961 sq. ft. under air - $1,650,000 $1,590,000 $1,475,000
FOR RENT (1)
2358 SW Island Creek Trail - 2,750 sq. ft. under air - $3,200 per month
PENDING (1)
191 SW Hatteras Court - 3,296 sq. ft. under air - $1,249,000 - New Wave Buyer & Seller
RENTED (1)
2381 SW Island Creek Tr - 2,037 sq. ft. under air - $3,200 per month - New Wave Group
SOLD IN AUGUST (4)
119 SW Hatteras Ct - 2,860 sq. ft. - $1,249,000 - sold $1,015,000 -New Wave Buyer & Seller
254 SW Harbor View Dr - 3,651 sq. ft. under air - $1,299,999 - sold $1,200,000
58 SW Palm Cove Drive - 5,257 sq. ft. u/air - $1,700,000 - sold $1,675,000 - New Wave Group
166 SW Palm Cove Drive - 4,818 sq. ft. under air - $3,495,000 - sold $3,400,000
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 171 down from 177 the previous month and down 3.4% from the same period the prior year. Cash Sales for the month were 78 down from 83 the previous month, and up 16.4% from 67 the prior year. Median Sale Price for the month was $575,000 down from $648,000 the previous month, and up 0.9% from $570,000 the prior year. Average Sale Price for the month was $793,867 down from $1,022,681 the previous month, and down 1.6% from $806,749 the prior year. Median Time to Contract for the month was 50 days down from 56 days the previous month, and up 51.5% from 33 days the prior year. Inventory (Active Listings) for the month was 884 down from 939 the previous month, and up 25.6% from 704 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 TUMBLE
Mortgage rates continue to trend down, increasing optimism for new buyers and current owners alike. As rates continue to drop, the number of homeowners who have the opportunity to refinance is expanding.
- The 15-year fixed-rate mortgage averaged 5.6%. At this time, a year ago, the 15-year FRM averaged 5.86%.
Looking Ahead
Economists now suggest mortgage rates are likely to remain relatively steady through the remainder of 2025, with the potential for gradual easing next year as inflation moderates and the Federal Reserve shifts toward rate cuts. While rates have cooled slightly from recent highs, affordability remains a top concern for many buyers. In Palm Cove, the lifestyle amenities remain a strong draw, from the marina with ocean access to the active community events. Homes with water views, or updated interiors are seeing the most attention, while properties that need work or are priced aggressively above recent comps are taking longer to move. Sellers can stand out by highlighting Palm Cove’s lifestyle while leaning into professional staging and strategic pricing. For buyers, the current market is offering more choices in Palm Cove than in recent years, creating opportunities to negotiate on terms, upgrades, or furnishings, especially on homes that have been sitting longer. Cash buyers and those willing to be flexible on timing are in the best position to secure strong deals.
*****************************************************************************Dear Friends and Neighbors:
As we move into fall, one of my favorite seasons, I can’t help but feel a sense of excitement. The cooler days, the anticipation of the holidays, and the chance to gather with loved ones remind us how much there is to be thankful for. Palm Cove truly shines this time of year, with neighbors coming back for the winter season, the marina buzzing with activity, and festive traditions new and old like the annual golf cart parade adding to the joy of the season. I also have some exciting news to share. In August, New Wave partnered with Compass, the largest real estate brokerage in the country. I am so honored to bring the first Compass office to the Treasure Coast and to offer their powerful technology, marketing reach, and unmatched real estate resources to our customers.
About Compass
For Palm Cove homeowners, this means even greater exposure to high-end buyers nationwide and globally, ensuring your properties stand out in today’s competitive market. This partnership allows us to continue offering the same concierge-style service and local expertise you’ve always known us for, now backed by the most innovative platform in real estate.
Most importantly, I want to thank you for your continued trust and support. Your referrals, friendships, and confidence in me and my team mean the world. Here’s to a joyful fall season and a holiday time filled with gratitude, connection, and celebration. I look forward to seeing you around the community! With gratitude,
Sara Crombie
772-631-0960
Broker - New Wave Group
Your Neighborhood Real Estate Expert
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