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 June 30, 2026.
There are eight (8) homes for sale in Palm Cove, unchanged from last month.
There were nine (9) homes for sale during the same period last year.
Four (4) homes are for rent, and two (2) homes are under contract.
One (1) home sold in Palm Cove in June, compared to two (2) home sales in June of the previous year. Six (6) homes have sold in Palm Cove year to date, as compared to six (6) 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)
736 SW Pebble Ln - 2,045 sq. ft. under air - $629,900 - $308.02 per sq. ft.
844 SW Pebble Ln - 2,230 sq. ft. under air - $635,000 - $284.75 per sq. ft.
879 SW Pebble Ln - 2,369 sq. ft. under air - $639,900 - $270.11 per sq. ft.
NEW LISTING 910 SW Palm Cove Dr - 2,692 sq. ft. under air - $785,000 - $291.60 per sq. ft.
NEW LISTING 771 SW Pebble Lane - 2,216 sq. ft. under air - $795,000 - $358.75 per sq. ft.
2408 SW Island Creek Tr - 2,750 sq. ft. under air - $849,777 - $309.01 per sq. ft.
281 SW Hatteras Court - 4,806 sq. ft. under air - $1,800,000 $1,745,000 - $363.09 per sq. ft.
226 SW Palm Cove Drive - 5,393 sq. ft. u/air - $4,200,000 $3,900000 - $723.16 per sq. ft.
FOR RENT (4)
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
850 SW Palm Cove Drive - $4,800 per month
PENDING (2)
2368 SW Island Creek Tr - 1,513 sq. ft. u/a - $515,000 - $340.38 per sq. ft. - New Wave Group
2466 SW Bridgeview Ter - 3,364 sq. ft. u/a - $1,150,000 - $341.85 per sq. ft. - New Wave Group
SOLD IN JUNE (1)
2394 SW Island Creek Tr - 1,513 sq. ft. under air - $498,000 - sold $462,000
TOTAL SALES YEAR TO DATE (6)
2394 SW Island Creek Tr - 1,513 sq. ft. under air - $498,000 - sold $305.35
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 209 down from 226, and up 11.2% from 188 home sales the prior year. Total Cash Sales for the month were 84 down from 97 last month, and down 2.3% from 86 cash sales the prior year.
Median Sale Price for the month was $648,500, down from $650,000 last month, and up 6.4% from $609,500 the prior year. Average Sale Price for the month was $966,406, down from $1,185,471 last month, and down 8.7% from an average sale price of $1,058,509 the prior year. Median Time to Contract for the month was 43 days unchanged from 43 days last month, and down 20.4% from 54 days the prior year. Inventory (Active Listings) for the month was 757 down from 761 homes last month, and down 24.9% from 1,008 active listings the prior year. |
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Primary Mortgage Market Survey
Mortgage Rates Decline to 6.43%The 30-year fixed-rate mortgage eased slightly last week averaging 6.43%. With rates at a seven-week low and purchase demand continuing to edge higher, it's an encouraging sign as prospective homebuyers respond to modest improvements in affordability. - The 30-year fixed-rate mortgage averaged 6.43% as of July 2, 2026, down from last week when it averaged 6.49%. A year ago at this time, the 30-year FRM averaged 6.67%.
- The 15-year fixed-rate mortgage averaged 5.79%, down from last week when it averaged 5.84%. A year ago at this time, the 15-year FRM averaged 5.80%.
Happy July, Palm Cove Neighbors! As summer settles into Palm Cove, I hope you're enjoying everything that makes this community so special, from time on the water and the golf course to evenings with family and friends. This past Fourth of July was a perfect reminder of why so many of us love calling Palm Cove home. As our nation proudly celebrated its 250th birthday, our community came together in true Palm Cove fashion, from the wonderful celebration at our clubhouse, to neighborhood gatherings and house parties, to our boating families enjoying the fireworks from the water while many of us watched from our backyards and lanais. It was a weekend filled with friendship, patriotism, and unforgettable memories. How lucky are we to call this special place home? Before we jump into this month's market update, I want to sincerely thank our Palm Cove neighbors for your continued trust and support. Because of loyal clients like you, New Wave Group has remained the top-producing real estate team for Palm Cove since 2002. Market SnapshotMartin County's market remains healthy and balanced. Buyers are still selective, but well-prepared, well-priced homes continue to attract strong interest. With inventory remaining relatively limited in many desirable communities, quality homes are continuing to hold their value. Palm Cove UpdatePalm Cove inventory remains exceptionally low, particularly in the estate home section, and buyer demand continues to be driven by our unique combination of boating, golf, beautiful homes, and an unbeatable location on the Treasure Coast. If you're curious about your home's current value, market trends, or simply want to discuss what's happening in Palm Cove, I'm always happy to be a resource. Thank you again for allowing me to serve this incredible community. Have a wonderful summer, and I look forward to seeing you around the neighborhood! Warm regards, Sara Crombie
Broker | New Wave Group at Compass
Palm Cove Resident & Neighborhood Real Estate Expert www.NewWaveGroupFlorida.com |
