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 March 31, 2026.
There are nine (9) homes for sale in Palm Cove up three (3) from last month.
There were thirteen (13) homes were for sale during the same period last year.
Three (3) homes are for rent and two (2) homes are under contract.
One (1) home sold in Palm Cove in March, compared to one (1) home sale in March of the previous year. Three (3) homes have sold in Palm Cove year to date as compared to three (3) home sales in Palm Cove during 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)
2368 SW Island Creek Tr - 1,513 sq. ft. under air - $515,000
2394 SW Island Creek Tr - 1,513 sq. ft. under air - $539,000
736 SW Pebble Ln - 2,045 sq. ft. under air - $640,000
879 SW Pebble Ln - 2,369 sq. ft. under air - $679,000
742 SW Palm Cove Dr - 2,216 sq. ft. under air - $699,000 with pool and boat slip
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
281 SW Hatteras Court - 4,806 sq. ft. under air - $1,800,000
226 SW Palm Cove Drive - 5,393 sq. ft. under air - $4,200,000
FOR RENT (3)
844 SW Pebble Lane w/pool - 2,230 sq. ft. w/a - $4,400 per month
2371 SW Carriage Hill Terr #103 - $2,700 per mo starting May 15, 2026
2371 SW Carriage Hill Terr #202 - $2,950 per mo annual/$4,000 in season avail May 1, 2026
PENDING (2)
271 SW Harbor View Terr - 3,629 sq. ft. under air - $1,399,000 - New Wave Group
84 SW Hatteras Court - 2,580 sq. ft. - $1,250,000 slip 3-15 $80,000 - New Wave Group
SOLD IN MARCH (1)
814 SW Palm Cove Dr - 2,216 sq. ft. u/a - $669,000 with pool - $645,000 - New Wave Group
TOTAL SALES YEAR TO DATE (3)
814 SW Palm Cove Dr - 2,216 sq. ft. u/a - $669,000 with pool - $645,000 - New Wave Group
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 152 up from 148 last month, and down 1.3% from 154 home sales the prior year. Total Cash Sales for the month were 72 up from 69 last month, and down 10% from 80 cash sales the prior year.
Median Sale Price for the month was $544,500 up from $507,500 last month, and down 16% from $649,950 the prior year. Average Sale Price for the month was $892,795 down from $947,336 last month, and down 28% from an average sale price of $1,240,577 the prior year. Median Time to Contract for the month was 72 days up from 52 days last month and up 80% from 40 days the prior year. Inventory (Active Listings) for the month was 815 homes down from 952 homes last month and down 15.9% from 969 active listings the prior year. |
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Primary Mortgage Market Survey
The 30 Year Fixed-Rate Mortgage Averages 6.46%The 30-year fixed-rate mortgage edged up, averaging 6.46% this week. With spring homebuying season in full swing, aspiring buyers should remember to shop around for the best mortgage rate, as they can potentially save thousands of dollars by getting multiple quotes. - The 30-year fixed-rate mortgage averaged averaged 6.46% as of April 2, 2026, up from last week when it averaged 6.38%. A year ago at this time, the 30-year FRM averaged 6.64%.
- The 15-year fixed-rate mortgage averaged 5.77%, up from last week when it averaged 5.75%. A year ago at this time, the 15-year FRM averaged 5.82%.
Happy April, Palm Cove Neighbors! As we move into the spring market, we’re seeing a mix of shifting trends across Martin County that are important for both buyers and sellers to understand. Before diving in, I want to take a moment to say how grateful I am for the friends and neighbors who have placed their trust in me to assist with their real estate needs. As a fellow resident, maintaining and enhancing our property values is incredibly important to me, and together, that commitment has helped lead to many record-breaking sales for our neighbors over the past year. Market Snapshot: - Closed sales increased slightly month-over-month (152 vs. 148), but remain just below last year’s pace.
- Cash sales remain strong, though slightly down from last year.
- The median price is $544,500 and the average price is $892,715, both down year-over-year as the market normalizes.
- Homes are taking longer to sell, with median time to contract at 72 days, reflecting more thoughtful buyer decision-making.
- Inventory declined to 815 homes, continuing the trend of limited supply.
What This Means:
We are in a more balanced market. While pricing has adjusted from last year’s peak, reduced inventory especially here in Palm Cove creates opportunity for well-positioned homes to stand out. Buyers have more leverage than before, but strong properties are still moving when priced and presented correctly. Palm Cove Insight:
Here in our community, inventory remains especially tight, and we’re continuing to see meaningful interest from buyers seeking the Palm Cove lifestyle. Well-prepared homes are still attracting attention and going under contract. Because I live and work here, I stay closely connected to what’s happening not just in the broader market, but right here in our neighborhood on and off the market, giving my clients a meaningful advantage. If you or someone you know is considering a move, I’m always happy to be a resource. With Gratitude
Sara Crombie and the New Wave Team
772-631-0960
Broker & Principal
www.NewWaveGroupFlorida.com |
