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 October of 2025.
Seven (7) homes are for sale in Palm Cove, down 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.
One (1) home sold in Palm Cove in October. There were two (2) home sales in Palm Cove during the same period last year.
Three (3) homes in Palm Cove are under contract. Eleven (11) homes have sold in Palm Cove year to date, compared to eleven (11) home sales in the same period last year.
Below is a breakdown of properties by type, the number for sale, and the list prices.
SUMMARY:
FOR SALE (7)
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 Reduced $660,000
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
2408 SW Island Creek Tr - 2,750 sq. ft. under air - $799,000 $749,900
700 SW Pebble Lane - 2,492 sq. ft. under air - $879,000 - New Wave Group
343 SW Harbor View Dr - 3,651 sq. ft. under air - $1,279,000 - Back on the market
FOR RENT (1)
2371 SW Carriage Hill Terr #202 - 1,975 sq. ft. - $2,950 per month for an annual lease, boat slip available, or $4,000 per month for a seasonal lease available now - New Wave Group
PENDING (3)
2388 SW Island Creek Tr - 2,750 sq. ft. under air - $769,000
2119 SW Balata Terr - 3,699 sq. ft. under air - $1,295,000 - New Wave Group
1979 SW Balata Terr - 4,961 sq. ft. under air - New price $1,450,000
RENTED (0)
SOLD IN OCTOBER (1)
191 SW Hatteras Court - 3,296 sq. ft. - $1,249,000 - $1,224,000 - New Wave Buyer & Seller
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 palmcovemarina@proton.me Closed Home Sales for the month were 175 down from 204 the previous month and up 12.9% from the same period the prior year. Cash Sales for the month were 64 down from 86 the previous month, and down 12.3% from 73 the prior year. Median Sale Price for the month was $570,000 down from $582,500 the previous month, and down 5% from $600,000 the prior year. Average Sale Price for the month was $932,954 down from $1,010,397 the previous month, and up 6.3% from $877,388 the prior year. Median Time to Contract for the month was 62 days down from 77 days the previous month, and up 5.1% from 59 days the prior year. Inventory (Active Listings) for the month was 833 up from 823 the previous month, and up 12.3% from 742 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 REMAIN NEAR 2025 LOWSThis week the 30-year fixed-rate mortgage averaged 6.22%. On a median-priced home, this could allow a homebuyer to save thousands annually compared to earlier this year, showing that affordability is slowly improving.
- The 15-year fixed-rate mortgage averaged 5.5%. A year ago, the 15-year FRM averaged 5.85%.
Looking Ahead
Mortgage rates have eased into the high 5% range while median home values in Palm City continue to decline. The median sale price in Martin County is $570,000 down about 5% over the past year.
Despite a slight dip in home prices, Palm Cove remains a highly desirable waterfront and golf course community, and buyers are still actively seeking homes here. Inventory for waterfront and estate homes in our neighborhood remains low, creating great opportunities for sellers. If you've been considering a move, this may be an ideal time to list. We are meeting serious buyers for Palm Cove every day, and homes that are well-presented and priced appropriately are still commanding strong interest.
*****************************************************************************Dear Friends and Neighbors:
With Thanksgiving just around the corner, I want to take a moment to express my sincere gratitude to all of you, my neighbors, clients, and friends, for your ongoing trust and support.
It’s truly a privilege to represent your real estate needs here in Palm Cove and across the Treasure Coast. As a fellow resident, I care deeply about protecting our property values and ensuring our community continues to thrive.
I'm dedicated to giving back to our community by sponsoring community and local events, providing this monthly Palm Cove sales report, and maintaining both our neighborhood directory and website at www.palmcovegyc.com. My goal is to keep you informed about your home’s value and keep us all connected.
If you or someone you know is interested in buying and/or selling, I hope you will think of me first. Thank you for allowing me to be part of such a special place.
Wishing you and your loved ones a joyful, peaceful, and very delicious Happy Thanksgiving! All the best,
Sara Crombie
772-631-0960
Broker and Principal
The New Wave Group at Compass
www.NewWaveGroupFlorida.com
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