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 September of 2025.
Eight (8) homes are for sale in Palm Cove, up one (1) from last month, one (1) home is for rent and one (1) home was rented. Nine (9) homes were for sale during the same period last year.
There were no (0) home sales in Palm Cove in September. There were no home sales in Palm Cove during the same period last year.
There is one (1) home under contract in Palm Cove. Nine (9) 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 (8)
2394 SW Island Creek Trail - 1,513 sq. ft. under air - $585,000
736 SW Pebble Lane - 2,045 sq. ft. under air - $669,000
New 814 SW Palm Cove Dr - 2,216 sq. ft. under air - $679,000 - New Wave Group
879 SW Pebble Lane - 2,369 sq. ft. under air - $695,000 - New Wave Group
New 2388 SW Island Creek Tr - 2,750 sq. ft. under air - $769,000
2408 SW Island Creek Tr - 2,750 sq. ft. under air - $799,000
2119 SW Balata Terr - 3,699 sq. ft. under air - New price $1,295,000 - New Wave Group
1979 SW Balata Terr - 4,961 sq. ft. under air - New price $1,450,000
FOR RENT (1)
NEW 2371 SW Carriage Hill Terr #202 - 1,975 sq. ft. - $2,950 per month for an annual lease or $4,000 per month for a seasonal lease beginning January 1, 2026 - New Wave Group
PENDING (1)
191 SW Hatteras Court - 3,296 sq. ft. u/a - $1,249,000 - New Wave Buyer & Seller
RENTED (0)
SOLD IN SEPTEMBER (0)
Available Slip Certificates (5) Number Asking Price Survey Length Contact
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
6-6 TBD 44.7 SLL Contact Marina Manager
For more info, please get in touch with Palm Cove's Marina Manager at [email protected] Closed Home Sales for the month were 204 up from 171 the previous month and down 3.4% from the same period the prior year. Cash Sales for the month were 86 up from 78 the previous month, and up 41% from 61 the prior year. Median Sale Price for the month was $582,500 up from $575,000 the previous month, and up 0.9% from $577,500 the prior year. Average Sale Price for the month was $1,010,397 up from $793,867 the previous month, and up 40.2% from $720,604 the prior year. Median Time to Contract for the month was 77 days up from 50 days the previous month, and up 60.4% from 48 days the prior year. Inventory (Active Listings) for the month was 823 down from 884 the previous month, and up 15.4% from 713 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 INCREASE The 30-year fixed-rate mortgage increased slightly this week but remains below its 52-week average of 6.71%. The last few months have brought lower rates and as indicated by the recently reported increase in pending home sales, homebuyers are feeling more confident to get into the market.
- The 15-year fixed-rate mortgage averaged 5.55%. At this time, a year ago, the 15-year FRM averaged 5.88%.
Looking Ahead
Economists now expect mortgage rates to remain elevated, in the mid-6% range, through the end of 2025, and the Fed remains on its path toward further rate cuts. While homebuyers have seen some relief from peak levels, affordability is still a major hurdle. In Palm Cove, those same trends are playing out locally. The strongest buyer interest is in homes with water views, recent upgrades, or turnkey move-in condition; more challenged properties (needing work, lacking curb appeal, or priced ahead of comps) tend to linger longer. To stand out, sellers should lean into staging, highlight lifestyle features, and price with precision. Buyers, meanwhile, benefit from slightly more bargaining power than in prior years. Negotiated incentives, upgrades, or closing-cost assistance may be more achievable, especially on listings that have been on the market awhile. Those with cash, flexibility in timing, or willingness to accept nonstandard terms will often remain in the strongest position.
*****************************************************************************Dear Friends and Neighbors:
This time of year always gets me thinking about what I’m most thankful for and honestly, that includes all of you. Your trust, support, and friendship, mean the world to me. They’ve allowed me to build a business I love, right here in a community I'm both passionate about and lucky to call home.
As the winter season approaches, chances are you may know someone considering a move to Florida, please think of me as your go to real estate broker. I am here for all of your real estate needs, whether buying, selling, or simply keeping an eye on the market.
In the upcoming months, I wish you joyful gatherings, smooth sails, and plenty of time to enjoy all that makes Palm Cove such a one-of-a-kind place to call home. I look forward to seeing you around the neighborhood! Sara Crombie
772-631-0960
Broker - New Wave Group
Your Neighborhood Real Estate Expert
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