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 November of 2025.
Nine (9) homes are for sale in Palm Cove, up two (2) from last month. Five (5) homes were for sale during the same period as the previous year.
Three (3) homes sold in Palm Cove in November compared to four (4) home sales in Palm Cove during the same period last year.
Three (3) homes are under contract in Palm Cove. Thirteen (13) homes have sold year to date, compared to fourteen (14) 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 (9)
2394 SW Island Creek Tr - 1,513 sq. ft. under air - $590,000
855 SW Pebble Ln - 2,101 sq. ft. under air - $630,000 New Wave Group
736 SW Pebble Ln - 2,045 sq. ft. under air - $669,000 Reduced $660,000
814 SW Palm Cove Dr - 2,216 sq. ft. under air - $679,000 Reduced $669,000 New Wave Group
879 SW Pebble Ln - 2,369 sq. ft. under air - $695,000 - New Wave Group
742 SW Palm Cove Dr - 2,216 sq. ft. under air - $699,000 with pool - New Wave Group
2358 SW Island Creek Tr - 2,750 sq. ft. under air - $739,000
2408 SW Island Creek Tr - 2,750 sq. ft. under air - $799,000 $749,900
343 SW Harbor View Dr - 3,651 sq. ft. under air - $1,279,000
FOR RENT (0)
PENDING (3)
2388 SW Island Creek Tr - 2,750 sq. ft. under air - $769,000
700 SW Pebble Lane - 2,492 sq. ft. under air - $879,000 - New Wave Group
271 SW Harbor View Terr - 3,629 sq. ft. under air - $1,450,000 - New Wave Group
RENTED (1)
2371 SW Carriage Hill #202 - 1,975 sq. ft. - $4,000 per mo seasonal lease - New Wave Group
SOLD (3)
2119 SW Balata Terr - 3,699 sq. ft. under air - $1,295,000 - $1,295,000 New Wave Group
191 SW Hatteras Court - 3,296 sq. ft. - $1,249,000 - $1,224,000 - New Wave Buyer & Seller
1979 SW Balata Terr - 4,961 sq. ft. under air - $1,450,000 - $1,385,000
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, unchanged from the previous month and up 30.6% from the same period the prior year. Cash Sales for the month were 72, up from the previous month, and up 14.3% from 63 the prior year. Median Sale Price for the month was $600,000, up from $570,000 the previous month, and down 2.4% from $615,000 the prior year. Average Sale Price for the month was $689,020, down from $932,954 the previous month, and down 28.1% from $957,904 the prior year. Median Time to Contract for the month was 56 days, down from 62 days the previous month, and down 5.1% from 59 days the prior year. Inventory (Active Listings) for the month was 826, down from 833 the previous month, and up 7.7% from 767 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 DownMortgage rates decreased for the second straight week after the Thanksgiving holiday. Compared to this time last year, mortgage rates are half a percent lower, creating a more favorable environment for homebuyers and homeowners.
- The 30-year fixed-rate mortgage averaged 6.19% as of December 4, 2025, down from last week when it averaged 6.23%. A year ago at this time, the 30-year FRM averaged 6.69%.
- The 15-year fixed-rate mortgage averaged 5.44%, down from last week when it averaged 5.51%. A year ago at this time, the 15-year FRM averaged 5.96%.
Dear Friends and Neighbors,
As we wrap up another month in beautiful Palm Cove, I want to take a moment to thank you, my neighbors, clients, and friends, for your continued trust and support. It is truly an honor to represent your real estate needs here in Palm Cove and throughout Palm City and the Treasure Coast. Our local market continues to evolve, with Palm City remaining one of the most sought-after areas for buyers thanks to its strong community, top-rated schools, and desirable amenities. Inventory remains limited, which helps support home values, but buyers are becoming more selective, making strategic pricing, thoughtful presentation, and expert representation more critical than ever. If you or someone you know is considering a move, please have them contact me at (772) 631-0960. With the holiday season upon us, I wish you and your loved ones joy, peace, and time to celebrate together. And don’t forget to sign up for our Holiday Golf Cart Parade on December 15th, one of Palm Cove's most festive and fun traditions. I hope to see you there! Warmest holiday wishes, All the best,
Sara Crombie and the New Wave Team
772-631-0960
Broker and Principal
www.NewWaveGroupFlorida.com
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