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 May 31, 2026.
There are eight (8) homes for sale in Palm Cove, down one (1) from last month.
There were eleven (11) homes for sale during the same period last year.
Three (3) homes are for rent, and two (2) homes are under contract.
No homes sold in Palm Cove in May, compared to one (1) home sale in May of the previous year. Five (5) homes have sold in Palm Cove year to date, as compared to four (4) 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 (8)
2368 SW Island Creek Tr - 1,513 sq. ft. under air - $515,000 - $340.38 per sq. ft.
879 SW Pebble Ln - 2,369 sq. ft. under air - $639,900 - $270.11 per sq. ft.
736 SW Pebble Ln - 2,045 sq. ft. under air - $640,000 - $312.96 per sq. ft.
844 SW Pebble Ln - 2,230 sq. ft. under air - $650,000 - $291.48 per sq. ft.
2408 SW Island Creek Tr - 2,750 sq. ft. under air - $849,777 - $309.01 per sq. ft.
904 SW Pebble Ln - 2,859 sq. ft. under air - $925,000 with pool - $323.54 per sq. ft.
2466 SW Bridgeview Terr - 3,364 sq. ft. u/air - $1,150,000 - $341.85 per sq. ft.
226 SW Palm Cove Drive - 5,393 sq. ft. u/air - $4,200,000 $1,390,000 - $723.16 per sq. ft.
FOR RENT (3)
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
2420 SW Island Creek Trail - $3,800 per month with a one year minimum
PENDING (2)
2394 SW Island Creek Tr - 1,513 sq. ft. under air - $498,000
281 SW Hatteras Court - 4,806 sq. ft. under air - $1,800,000
SOLD IN MAY (0)
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. u/a - $630,000 - Sold $590,000 - New Wave Buyer & Seller
343 SW Harbor View Dr - 3,651 sq. ft. under air - $1,279,000 - sold $1,200,000
Available Slip Certificates (5) 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 (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 226 up from 210 last month, and up 35.3% from 167 home sales the prior year. Total Cash Sales for the month were 97 up from 92 last month, and up 4.3% from 93 cash sales the prior year.
Median Sale Price for the month was $650,000 up from $606,250 last month, and up 8.3% from $600,000 the prior year. Average Sale Price for the month was $1,185,471 up from $862,661 last month, and up 4.5% from an average sale price of $1,134,264 the prior year. Median Time to Contract for the month was 43 days down from 58 days last month, and up 16.2% from 37 days the prior year. Inventory (Active Listings) for the month was 761 down from 777 homes last month and down 25.1% from 1,016 active listings the prior year. |
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Primary Mortgage Market Survey
Mortgage Rates Decrease to 6.48%
The 30-year fixed-rate mortgage decreased to 6.48% this week. With mortgage rates in the mid-6% range and income growth outpacing home price growth, housing affordability is marginally improving. - The 30-year fixed-rate mortgage averaged 6.48% as of June 4, 2026, down from last week when it averaged 6.53%. A year ago at this time, the 30-year FRM averaged 6.85%.
- The 15-year fixed-rate mortgage averaged 5.79%, down from last week when it averaged 5.87%. A year ago at this time, the 15-year FRM averaged 5.99%.
Happy June, Palm Cove Neighbors! As we head into summer, I want to wish everyone a happy, healthy, and safe season filled with cool breezes and lots of new memories made. Before diving into this month's market update, I would like to express my sincere gratitude for the trust and support of this wonderful community. Because of the loyalty of our clients, friends, and neighbors, New Wave Group has recently been ranked by RealTrends in the Top 1.5% of Real Estate Professionals nationwide. We were also honored to be ranked among Florida's top real estate teams, and the #2 Stuart, Florida based team with $46.5 million in closed sales volume. As both a Palm Cove resident and your local real estate resource, I am incredibly thankful for the support and encouragement you have shown our team over the years. This recognition belongs as much to our community as it does to our team, and we are truly grateful. One statistic that continues to make me proud is that 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-square-foot home, that can translate to approximately $82,500 in additional value for a seller. That difference is the result of thoughtful pricing, strategic marketing, expert negotiation, and hands-on preparation, an approach we bring to every home we represent. Market Snapshot The market continues to show surprising strength. Home sales are up significantly from last year, prices are holding steady, and inventory has declined substantially. These factors are creating increased competition for well-priced homes, particularly in desirable communities such as Palm Cove. While buyers remain selective and value-conscious, they are moving quickly when a home is properly prepared, professionally marketed, and priced appropriately. The combination of improving affordability, lower inventory levels, and strong demand continues to support home values throughout Martin County. Palm Cove Insight Inventory within Palm Cove remains remarkably low, particularly in the estate home section. We continue to see strong interest from buyers for Palm Cove's unique boating opportunities, upscale private golf, and convenient access to everything the Treasure Coast has to offer. Because I live and work here, I stay closely connected to what is happening throughout the neighborhood, both on and off the market. This allows me to provide homeowners with valuable insight into pricing trends, buyer activity, and opportunities that may not yet be visible through traditional market channels. If you have questions about your home's value, the local market, or if you're considering a move, I am always happy to be a resource. Thank you again for your continued support and for helping make Palm Cove such an exceptional community. From our family to yours, we wish you wonderful summer adventures ahead! Warm regards, Sara Crombie
Broker Associate | Team Leader
New Wave Group at Compass
Palm Cove Resident & Neighbor www.NewWaveGroupFlorida.com |
