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 April 30, 2026.
There are nine (9) homes for sale in Palm Cove, unchanged from last month.
There were eleven (11) homes for sale during the same period last year.
Two (2) homes are for rent, and zero (0) homes are under contract.
Two (2) homes sold in Palm Cove in April, compared to zero (0) home sales in April of the previous year. Five (5) 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)
2394 SW Island Creek Tr - 1,513 sq. ft. under air - $498,000
2368 SW Island Creek Tr - 1,513 sq. ft. under air - $515,000
736 SW Pebble Ln - 2,045 sq. ft. under air - $640,000
844 SW Pebble Ln - 2,230 sq. ft. under air - $650,000
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
904 SW Pebble Ln - 2,859 sq. ft. under air - $925,000 with pool
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 (2)
2371 SW Carriage Hill Terr #103 - $2,500 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 (0)
SOLD IN APRIL (2)
271 SW Harbor View Terr - 3,629 sq. ft. under air - $1,350,000 - New Wave Group
84 SW Hatteras Court - 2,580 sq. ft. - $1,150,000 - New Wave Group
TOTAL SALES YEAR TO DATE (5)
271 SW Harbor View Terr - 3,629 sq. ft. under air - $1,350,000 - New Wave Group
84 SW Hatteras Court - 2,580 sq. ft. - $1,150,000 - New Wave Group
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 (6) Number Asking Price Survey Length Contact 1-10 $65,000 41.2 Fee Simple Spector (860) 573-8397
5-2 $69,000 49.9 SLL Forsythe (508) 962-4243
5-8 $85,000 50.6 SLL (20k Lift) Bement (806) 307-3176
6-1 $60,000 44.7 SLL Tannone (860) 490-9724
Beam
Limitation 11.5 (Lift)
6-3 $65,000 44.7 SLL Hoffman (203) 515-9595
Beam Limitation 11.5
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 210, up from 152 last month, and up 21.4% from 173 home sales the prior year. Total Cash Sales for the month were 92, up from 72 last month, and down 8% from 100 cash sales the prior year.
Median Sale Price for the month was $606,250, up from $507,500 last month, and up 2.8% from $590,000 the prior year. Average Sale Price for the month was $862,661, down from $892,795 last month, and down 17% from an average sale price of $1,039,095 the prior year. Median Time to Contract for the month was 58 days, down from 72 days last month, and up 41.5% from 41 days the prior year. Inventory (Active Listings) for the month was 777 homes, down from 815 homes last month and down 22.7% from 1,005 active listings the prior year. |
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Primary Mortgage Market Survey
The 30 Year Fixed-Rate Mortgage Averages 6.30%The 30-year fixed-rate mortgage averaged 6.30% this week. As rates had modestly declined the last few weeks, purchase demand has accelerated with purchase applications rising to over 20 percent above a year ago. It is clear that purchase demand continues to hold up as prospective buyers react to both modestly lower rates and more inventory to choose from than the last few years. - The 30-year fixed-rate mortgage averaged 6.30% as of April 30, 2026, up from 6.23% last week. A year ago at this time, the 30-year FRM averaged 6.76%.
- The 15-year fixed-rate mortgage averaged 5.64%, up from last week's 5.58%. A year ago at this time, the 15-year FRM averaged 5.92%.
Happy May, Palm Cove Neighbors! To all of the mothers who will be honored this Sunday, and to those celebrating, remembering, or spending time with the special women in their lives, I hope it’s a meaningful and beautiful day. Before diving into the market, I want to express my gratitude for the continued trust so many of you place in me. As both a neighbor and your local real estate resource, I truly care about protecting and enhancing our property values, and together, that commitment continues to make a lasting impact.
In fact, homes sold in Palm Cove by the New Wave Group sell, on average, for $33 more per square foot than homes sold by the competition. On a typical 2,500 sq. ft. home, that translates to approximately $82,500 in additional value, a meaningful difference for your equity. It’s a result of thoughtful pricing, strategic marketing, and hands-on preparation, something I’m deeply committed to for every home I represent. 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
- Median price: $544,500 | Average price: $892,715 (both down year-over-year as the market normalizes)
- Median time to contract: 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, limited inventory, especially in Palm Cove's estate section, continues to create opportunity. Buyers have more leverage than before, but well-positioned homes are still standing out and selling 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. I’m excited to now include a link to the Palm Cove Neighborhood Newsletter, where you’ll find community updates, events, and helpful resources all in one place. Palm Cove May Neighborhood Newsletter
If you or someone you know is considering a move, I’m always happy to be a resource. Wishing you a wonderful May and a fun and relaxing Mother’s Day weekend. With Gratitude,
Sara Crombie and the New Wave Team
772-631-0960
Broker & Principal
www.NewWaveGroupFlorida.com
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