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Palm Cove Monthly Real Estate Report

11/8/2026



Compliments of Sara Crombie, Your Resident Real Estate Broker

Available Homes in Palm Cove - Click Here



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 October of 2026.
    
Thirteen (13) homes are for sale in Palm Cove, up two (2) from last month.
There were seven (7) homes for sale during the same period last year.  Three (3) homes are for rent, and none (0) are under contract.


No homes sold in October 2026, compared to one (1) home sale in October last year.  Nine (9) homes have sold in Palm Cove year to date, as compared to twelve (12) 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 (13)
 
2366 SW Island Creek Tr - 2037 sq. ft. under air - $525,000 - NEW
844 SW Pebble Ln - 2,230 sq. ft. under air - $621,500 
736 SW Pebble Ln - 2,045 sq. ft. under air - $629,900
2384 SW Island Creek Tr - 2,750 sq. ft. under air - $697,500 
2424 SW Island Creek Tr - 2,750 sq. ft. under air - 729,000 - NEW
771 SW Pebble Lane - 2,216 sq. ft. under air - $730,000
724 SW Pebble Lane - 2,120 sq. ft. under air - $749,900
772 SW Pebble Lane - 2,222 sq. ft. under air - $759,000 - NEW
910 SW Palm Cove Drive - 2,692 sq. ft. under air - $785,000
2408 SW Island Creek Tr - 2,750 sq. ft. under air - $824,888
2483 SW Bridgeview Terr - 2,676 sq. ft. under air - $950,000
2390 SW Bridgeview Terr - 3,191 sq. ft. under air - $1,200,000
118 SW Palm Cove Drive - 5,232 sq. ft. under air - $3,450,000
  

FOR RENT (3)

2371 SW Carriage Hill Terr #103 - $2,700 per month - Dec - March
2420 SW Island Creek Trail - $3,500 per month with a one-year minimum
736 SW Pebble Lane - $4,400 per month

RENTED (1)

2371 SW Carriage Hill Terr #202 - $2,950 per mo annual - New Wave Group

PENDING (0)


SOLD IN OCTOBER (0)

TOTAL SALES YEAR TO DATE (9)

281 SW Hatteras Court - 4,806 sq. ft. u/air - sold $1,650,000 - New Wave Group
2368 SW Island Creek Tr - 1,513 sq. ft. u/a - sold $457,000 -
New Wave Group

2466 SW Bridgeview Ter - 3,364 sq. ft. u/a - sold $945,750 - New Wave Group
2394 SW Island Creek Tr - 1,513 sq. ft. u/a - sold $462,000
271 SW Harbor View Terr - 3,629 sq. ft. u/a - sold $1,350,000 - New Wave Group
84 SW Hatteras Court - 2,580 sq. ft. u/a - sold $1,150,000 - New Wave Group
814 SW Palm Cove Dr - 2,216 sq. ft. u/a - sold $645,000 - New Wave Group
855 SW Pebble Ln - 2,101 sq. ft. u/a - sold $590,000 - New Wave Buyer & Seller

343 SW Harbor View Dr - 3,651 sq. ft. under air - sold $1,200,000


Available Slip Certificates (6)

          Number   Asking Price      Survey Length          Contact

           4-1            $59,900            35.8 SLL (12k lift)    Simpson

           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           $60,000            44.7 SLL                     Hoffman (203) 515-9595

                                                          Beam Limitation 11.5


           6-6           $45,000             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


Primary Mortgage Market Survey

Mortgage Rates Decline for Third Consecutive Month to 7.18%

Mortgage rates continued their downward trajectory this week, improving the environment for prospective homebuyers against a backdrop of strong economic growth.
  • The 30-year fixed-rate mortgage averaged 7.18% as of November 5, 2026, down from last week when it averaged 7.24%. A year ago at this time, the 30-year FRM averaged 6.22%.
  • The 15-year fixed-rate mortgage averaged 6.57%, down from last week when it averaged 6.60%. A year ago at this time, the 15-year FRM averaged 5.50%.

Dear Friends and Neighbors,

As we approach the end of 2026, the Palm Cove real estate market continues to adjust. Inventory in Palm Cove has nearly doubled compared to this time last year, with 13 homes currently on the market versus just 7 in October 2025.

Year-to-date sales have declined from 12 homes last year to 9 this year, a 25% decrease. With more homes available and fewer transactions, buyers have greater choices and negotiating power, making strategic pricing, property presentation, and effective marketing more important than ever.

Exciting News for Florida Homeowners!

Florida's Amendment 3 approval will significantly expand the homestead property tax exemption for qualifying primary residences.

Beginning in 2027, the exemption for non-school property taxes will increase to $150,000, rising to $250,000 in 2028, with inflation adjustments thereafter. This could mean substantial property tax savings for eligible Florida homeowners.

An important distinction is that homeowners who are Florida residents by December 31, 2026, may qualify for the expanded exemption beginning in 2027, while those establishing residency after that date generally must wait until their fifth year of homestead eligibility to receive the increased benefit.

These changes should encourage more homeowners to establish permanent residency here, potentially benefiting our local housing market over time.

As your neighbor and resident Realtor, I remain committed to keeping you informed and helping protect the value of your real estate investment. Whether you're considering selling, buying, or simply curious about your home's current value, I'm always happy to share my insights.

Wishing you and your families a wonderful Thanksgiving season!

Sara Crombie
New Wave Group at Compass
772-631-0960
Your Palm Cove Neighbor & Resident Realtor
www.PalmCoveGYC.com
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