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 February 28, 2026.
Only six (6) homes are for sale in Palm Cove, down one (1) from last month. Twelve (12) homes were for sale during the same period last year. Three (3) homes are for rent and two (2) homes are under contract compared to three (3) homes under contract during the same period last year.
One (1) home sold in Palm Cove in February of 2026, compared to one (1) home sale in February of the previous year.
Below is a breakdown of properties by type, the number for sale, and the list prices.
SUMMARY:
FOR SALE (6)
2394 SW Island Creek Tr - 1,513 sq. ft. under air - $549,000
736 SW Pebble Ln - 2,045 sq. ft. under air - $660,000
879 SW Pebble Ln - 2,369 sq. ft. under air - $679,000 - New Wave
742 SW Palm Cove Dr - 2,216 sq. ft. under air - $699,000 with pool and boat slip - New Wave
2408 SW Island Creek Tr - 2,750 sq. ft. under air - $729,000
2358 SW Island Creek Tr - 2,750 sq. ft. under air - $734,900
FOR RENT (3)
844 SW Pebble Lane w/pool - 2,230 sq. ft. w/a - $4,400 per month
2420 SW Island Creek Tr - $3,400 per month annual furnished - New Wave Group
2371 SW Carriage Hill Terr - $2,700 per month starting May 15, 2026 - New Wave Group
PENDING (2)
814 SW Palm Cove Dr - 2,216 sq. ft. under air - $669,000 with pool - New Wave Group
271 SW Harbor View Terr - 3,629 sq. ft. under air - $1,399,000 - New Wave Group
SOLD IN FEBRUARY (1)
855 SW Pebble Ln - 2,101 sq. ft. under air - $630,000 - Sold $590,000 - New Wave Group
TOTAL SALES YEAR TO DATE (2)
855 SW Pebble Ln - 2,101 sq. ft. under air - $630,000 - Sold $590,000 - New Wave Group
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 5-2 $69,000 49.9 SLL Forsythe (508) 962-4243
5-8 $85,000 50.6 SLL (20k Lift) Bement
(860) 307-3176
6-1 $60,000 44.7 SLL Tannone (860) 490-9724
Beam
Limitation 11.5 (Lift)
6-6 TBD 44.7 SLL Contact Marina Manager
Beam
Limitation 11.5
For more info, please get in touch with Palm Cove's Marina Manager at palmcovemarina@proton.me Closed Home Sales for the month were 148 up 28.7% from 115 home sales the prior year. Total Cash Sales for the month were 69, up 23.2% from 56 cash sales the prior year.
Median Sale Price for the month was $507,500 down 18.0% from a median sale price of $619,000 the prior year. Average Sale Price for the month was $947,336 down 24.4% from an average sale price of $1,253871 the prior year. Median Time to Contract for the month was 52 days unchanged from the prior year. Inventory (Active Listings) for the month was 952 homes up 6.7% from 892 active listings the prior year. |
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Here's some more news you can use:
Primary Mortgage Market Survey
Mortgage Rates Hold SteadyMortgage rates held steady at 6% this week, hovering near their lowest level since 2022. In fact, rates are down nearly a full percentage point from this time in 2024, spurring activity from buyers, sellers and owners. As a result, refinance activity is up, and purchase applications are ahead of last year’s pace. - The 30-year fixed-rate mortgage averaged 6.00% as of March 5, 2026, slightly up from last week when it averaged 5.98%. A year ago at this time, the 30-year FRM averaged 6.63%.
- The 15-year fixed-rate mortgage averaged 5.43%, slightly down from last week when it averaged 5.44%. A year ago at this time, the 15-year FRM averaged 5.79%.
Happy March, Palm Cove Neighbors! As we move further into the year, 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. One of the most notable shifts we’re seeing right now is inventory. In Palm Cove, the number of homes available for sale is down 50% compared to this time last year, which means fewer choices for buyers and an opportunity for well-positioned homes to stand out in the marketplace. We are already seeing activity pick up, with new homes going under contract and continued interest from buyers looking for the Palm Cove lifestyle. 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 over 340,000 agents worldwide, 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 a move, I hope you’ll think of us first for all of your real estate needs.
With Gratitude
Sara Crombie and the New Wave Team
772-631-0960
Broker & Principal
www.NewWaveGroupFlorida.com |
