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 home sales activity occurred in Palm Cove Golf & Yacht Club in April of 2025.
Eleven (11) homes are for sale in Palm Cove, down two (2) from last month. Six (6) homes were for sale during the same period last year. Two (2) homes are for rent, unchanged from last month.
There are three (3) homes under contract in Palm Cove. Three (3) homes have sold in Palm Cove year to date, compared to three (3) home sales in the same period last year.
Below is a breakdown of properties by type, the number for sale, and list prices.
SUMMARY:
FOR SALE (11)
2394 SW Island Creek Trail - 1,513 sq. ft. under air - $620,000 $610,000 $585,000
855 SW Pebble Lane - 2,101 sq. ft. under air - $640,000 $630,000- no pool - New Wave Realty
736 SW Pebble Lane - 2,045 sq. ft. under air - $675,000 - no pool
856 SW Pebble Lane - 2,345 sq. ft. under air - $689,000 - no pool
742 SW Palm Cove Drive- 2,216 sq. ft. under air - $735,000 pool & slip avail - New Wave Realty
2408 SW Island Creek Tr - 2,750 sq. ft. under air - $799,000
119 SW Hatteras Ct - 2,860 sq. ft. under air - $1,249,000 - New Wave Realty
2119 SW Balata Terr - 3,699 sq. ft. under air - $1,495,000 $1,395,000 - New Wave Realty
1979 SW Balata Terr - 4,961 sq. ft. under air - $1,650,000 $1,590,000
58 SW Palm Cove Drive - 5,257 sq. ft. under air - $2,100,000 $1,995,000 - New Wave Realty
166 SW Palm Cove Drive - 4,818 sq. ft. under air - $4,125,000 $3,495,000
FOR RENT (2)
2371 SW Carriage Hill #103 - 1,600 sq. ft. under air - Avail May - November - $3,100 per month
879 SW Pebble Lane - 2,369 sq. ft under air - no pool - $4,100 per month
PENDING (3)
2610 SW Bridgeview Terr - 3,364 sq. ft. under air w/slip - $1,600,000 $1,375,000
254 SW Harbor View Dr - 3,651 sq. ft. under air - $1,350,000 $1,299,999
2442 SW Island Creek Tr - 2,765 sq. ft u/a - $925,000 with pool
TOTAL SALES IN 2025 (3)
2381 SW Carriage Hill Terr #203 - 2,284 sq. ft. - ask $489,900 - sold $475,000
2385 SW Island Creek - 2,037 sq. ft. - $550,000 - sold $500,000 New Wave Buyer & Seller
982 SW Palm Cove Drive - 2,669 sq. ft. under air w/slip - last ask $749,000 - sold $735,000
Available Slip Certificates (5) Number Asking Price Survey Length Contact 1-4 $52,000 41.4 SLL (lift) Allen (772) 486-9088
5-1 $70,000 49.8 SLL McCluskey
5-2 $69,000 49.9 SLL Forsythe (508) 962-4243
5-11 $48,000 50.8 SLL (lift) Hulle (954) 214-7812
6-1 $60,000 44.7 SLL Tannone (860) 490-9724
Beam Limitation 11.5
For more info, please get in touch with Palm Cove's Marina Manager at [email protected] Closed Home Sales for the month were 173, up from 154 the previous month, and down 8% from 188 during the same period the prior year. Cash Sales for the month were 100 up from 80 the previous month, and up 14.9% from 87 the prior year. Median Sale Price for the month was $590,000, down from $649,950 the previous month and up 2.6% from $575,000 the prior year. Average Sale Price for the month was $1,039,095, down from $1,240,577 the previous month, and up 28.9% from $827,767 the prior year. Median Time to Contract for the month was 41 days, up from 40 days the previous month, and up 5.1% from 39 days the prior year. Inventory (Active Listings) for the month was 1,005, up from 969 the previous month, and up 45.4% from 691 listings for the same period last year.
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Here's some more news you can use:
Primary Mortgage Market Survey
MORTGAGE RATES CONTINUE TO FLUCTUATE - The average mortgage rate decreased slightly this week. Over the last couple of months, the 30-year fixed-rate mortgage has fluctuated less than 20 basis points, and this stability continues to bode well for buyers and sellers alike.
***************************************************************************** Palm Cove Market Update & Real Estate Insights As we step into May, I’m excited to share some encouraging momentum here
in Palm Cove—three homes are now under contract! This is a strong sign
that buyer confidence is returning, and it's a welcome shift after months of
slower activity. Inventory in our neighborhood is still significantly higher than this
time last year—but that surge is now creating opportunities for
well-prepared sellers. Buyers are becoming more active again, motivated by recent
price adjustments and the continued decline in mortgage rates.
Simply put, the right homes are selling—and selling well. This pattern is playing out across Martin County and even nationally:
more homes available, but also more buyers stepping back in as we head into the
summer months. With the right preparation, sellers can absolutely stay ahead of
the curve.
In today’s market, presentation, pricing, and location remain the key to standing out. As a listing specialist with design and staging expertise, I make sure every detail works in your favor. As your Palm Cove neighbor and local real estate expert, I genuinely appreciate your continued trust and support over the years. Because I live here too, I’m deeply invested in protecting our property values. I go the extra mile to ensure our homes are marketed with care, priced strategically, and positioned to sell for top dollar—something other agents may not prioritize with the same dedication.
If you're thinking about selling, curious about your home’s value, or wondering how to navigate the current market strategically, I’m here to help with personalized guidance, staging expertise, and a results-driven approach. Let's position your home to stand out—and sell—for top dollar. Please Call/text me anytime at 772.631.0960 to schedule your personalized market consultation.
Warm regards,
Sara Crombie
New Wave Real Estate Group
Your Neighbor. Your Realtor. Your Advocate.
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