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 real estate activity occurred in Palm Cove Golf & Yacht Club for the twelve (12) months ending December 31, 2025.
Nine (9) homes are for sale in Palm Cove, unchanged from last month. Six (6) homes were for sale in Palm Cove during the same period last year.
One (1) home is under contract in Palm Cove compared to two (2) homes under contract in December of the previous year. Two (2) homes sold in Palm Cove in December of 2025. No homes sold in Palm Cove in December of the previous year.
In 2025, there were fifteen (15) home sales in Palm Cove, and The New Wave Group had the honor of representing nine (9) of those Buyers and Sellers, along with five (5) additional Landlords and Tenants.
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 - $660,000
814 SW Palm Cove Dr - 2,216 sq. ft. under air - $669,000 with pool - 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 - $749,900
271 SW Harbor View Terr - 3,629 sq. ft. under air - $1,450,000 - New Wave Group
FOR RENT (0)
PENDING (1)
343 SW Harbor View Dr - 3,651 sq. ft. under air - $1,279,000
SOLD IN DECEMBER (2)
2388 SW Island Creek Tr - 2,750 sq. ft. under air - $769,000 - sold $750,000
700 SW Pebble Lane - 2,492 sq. ft. under air - $879,000 - sold $870,000 - New Wave Group
TOTAL SALES IN 2025 (15)
2388 SW Island Creek Tr - 2,750 sq. ft. under air - $769,000 - sold $750,000
700 SW Pebble Lane - 2,492 sq. ft. under air - $879,000 - sold $870,000
2119 SW Balata Terr - 3,699 sq. ft. under air - $1,295,000 - $1,295,000
191 SW Hatteras Court - 3,296 sq. ft. - $1,249,000 - $1,224,000 -
1979 SW Balata Terr - 4,961 sq. ft. under air - $1,450,000 - $1,385,000
58 SW Palm Cove Dr - 5,257 sq. ft. - $1,700,000 - New Wave Buyer & Seller
119 SW Hatteras Ct - 2,860 sq. ft. u/a - list $1,249,000 - sold $1,015,000 -
254 SW Harbor View Dr - 3,651 sq. ft. under air - $1,299,999 - sold $1,200,000
166 SW Palm Cove Drive - 4,818 sq. ft. under air - $3,495,000 - sold $3,400,000
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
982 SW Palm Cove Drive - 2,669 sq. ft. under air w/slip - last ask $749,000 - sold $735,000
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
6-1 $60,000 44.7 SLL Tannone (860) 490-9724
Beam Limitation 11.5 with lift
6-6 TBD 44.7 SLL Contact Marina Manager
Beam Limitation 11.5 no lift
For more info, please get in touch with Palm Cove's Marina Manager at palmcovemarina@proton.me Closed Home Sales for the month were 143, down 12.6% from 127 the prior year. Cash Sales for the month were 60 down from 72, the previous month, and down 9.1% from 66 the prior year. Median Sale Price for the month was $592,000, down from $600,000, the previous month, and up 7.6% from $550,000 the prior year. Average Sale Price for the month was $991,170, up from $689,020 the previous month, and up 28.6% from $770,569 the prior year. Median Time to Contract for the month was 62 days, up from 56 days the previous month, and up 63.2% from 38 days the prior year. Inventory (Active Listings) for the month was 811, down from 826 the previous month, and up 1.4% from 800 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 Drop to the Lowest Level in 2025 After starting the year close to 7%, the average 30-year fixed-rate mortgage moved to its lowest level in 2025 this week, an encouraging sign for potential homebuyers heading into the new year.
- The 30-year fixed-rate mortgage averaged 6.15% as of December 31, 2025, down from last week when it averaged 6.18%. A year ago at this time, the 30-year FRM averaged 6.91%.
- The 15-year fixed-rate mortgage averaged 5.44%, down from last week when it averaged 5.50%. A year ago at this time, the 15-year FRM averaged 6.33%.
Dear Friends and Neighbors, As we turn the page on another incredible year in Palm Cove, I want to extend my heartfelt thanks to each of you my neighbors, clients, and friends, for your trust, referrals, and continued loyalty. It’s truly a privilege to live and work in such a special community, and I never take for granted the opportunity to represent you in one of life’s most important decisions: buying or selling a home. I’m proud to share that in 2025, there were fifteen home sales in Palm Cove, and The New Wave Group had the honor of representing nine of those Buyers and Sellers, along with five additional Landlords and Tenants. This means more than numbers to us, it reflects the deep relationships, local knowledge, and trust we've built right here in our own backyard. Many of you have turned to me not just for real estate guidance, but for design insight, home staging support, and honest, expert advice throughout your journey. My approach is always hands-on and thoughtful, because I know real estate is about more than just the transaction, it’s about lifestyle, community, and smart long-term decisions. Looking ahead, Palm City remains one of the most desirable markets on the Treasure Coast. With limited inventory and buyers becoming increasingly selective, expert pricing and standout presentation are more important than ever. If you're thinking about a move, or just curious about what your home might be worth, I'm just a phone call away at (772) 631-0960. Thank you again for allowing New Wave to be your go-to resource in Palm Cove and beyond. Wishing you a 2026 full of health, happiness, and smooth sailing ahead! With gratitude,
Sara Crombie and the New Wave Team
772-631-0960
Broker and Principal
www.NewWaveGroupFlorida.com |
