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 month ending January 2026.
Seven (7) homes are for sale in Palm Cove, down two (2) from last month. Eight (8) homes were for sale during the same period last year.
Two (2) homes are under contract in Palm Cove compared to four (4) homes under contract in January of the previous year. One (1) home sold in Palm Cove in January of 2026, compared to no homes sales in January of the previous year.
There are two (2) homes for rent in Palm Cove. No homes have rented in Palm Cove year to date.
Below is a breakdown of properties by type, the number for sale, and the list prices.
SUMMARY:
FOR SALE (7)
2394 SW Island Creek Tr - 1,513 sq. ft. under air - $590,000 Reduced $549,000
736 SW Pebble Ln - 2,045 sq. ft. under air - $660,000
879 SW Pebble Ln - 2,369 sq. ft. under air - $695,000 - Reduced $679,000 - New Wave
742 SW Palm Cove Dr - 2,216 sq. ft. under air - $699,000 with pool - New Wave
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 - Reduced $1,399,000 New Wave
FOR RENT (2)
844 SW Pebble Lane w/pool - 2,230 sq. ft. w/a - $6,000 per month
2420 SW Island Creek Tr - $3,400 per month annual/$4,200 per month seasonally furnished - New Wave Group
PENDING (2)
855 SW Pebble Ln - 2,101 sq. ft. under air - $630,000 New Wave Group
814 SW Palm Cove Dr - 2,216 sq. ft. under air - $669,000 with pool - New Wave Group
SOLD IN JANUARY (1)
343 SW Harbor View Dr - 3,651 sq. ft. under air - $1,279,000 - sold $1,200,000
TOTAL SALES YEAR TO DATE:
343 SW Harbor View Dr - 3,651 sq. ft. under air - $1,279,000 - sold $1,200,000
Available Slip Certificates (4) 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 Total Closed Home Sales in 2025 were 2,071, up 5.4% from 1,965 the prior year. Total Cash Sales in 2025 were 956, down 2.3% from 979 the prior year. Median Sale Price in 2025 was $599,000 unchanged from $599,000 the prior year. Average Sale Price in 2025 was $979,138 up 8.0% from $906,912 the prior year. Median Time to Contract in 2025 was 61 days up 35.6% from 45 days the prior year. Inventory (Active Listings) in 2025, were 785 down 5.3% from 829 the prior year. |
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Primary Mortgage Market Survey
Mortgage Rates Continue to Show Stability, Hovering Near 6%For the last several weeks, the 30-year fixed-rate mortgage has remained at its lowest level in years. The combination of improving affordability and availability of homes to purchase is a positive sign for buyers and sellers heading into the spring home sales season. - The 30-year fixed-rate mortgage averaged 6.11% as of February 5, 2026, up slightly from last week when it averaged 6.10%. A year ago at this time, the 30-year FRM averaged 6.89%.
- The 15-year fixed-rate mortgage averaged 5.50%, up slightly from last week when it averaged 5.49%. A year ago at this time, the 15-year FRM averaged 6.05%.
Happy Valentine’s Day, Palm Cove As we move further into the new year, with two more homes already under contract in Palm Cove, I’m reminded how fortunate I am to live and work in such an incredible community. To my neighbors, clients, and friends, thank you for your continued trust, referrals, and support. It truly means the world to me. Because I live and work here, I stay closely connected to what’s happening in our neighborhood and throughout Martin County, from pricing trends to the features today’s buyers value most. That insight helps sellers position their homes thoughtfully and gives buyers a meaningful advantage when opportunities arise. Our team is also backed by Compass, the largest residential real estate brokerage in the world. This provides access to advanced technology, broad marketing reach, and an exceptional network of agents, over 340,000, creating greater exposure for sellers and valuable opportunities for buyers, including homes that may never reach the open market. If you or someone you know is thinking about making move, I hope you will think of us first for all of your real estate needs. Wishing you a Valentine’s Day filled with love, happiness, and lots of chocolate! With gratitude,
Sara Crombie and the New Wave Team
772-631-0960
Broker & Principal
www.NewWaveGroupFlorida.com |
