Palm Cove Ph 02
Homes for Sale in Wesley Chapel, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Over the 12 months ending 2026-08-02, 19 recorded sales closed at a median of $376,000, $183 per square foot, a median 23 days on market, sellers accepting 97% of original asking (-15% versus the prior year). At the median price and Pasco County's FY2025-26 rate of 16.15 mills, annual property tax runs about $6,070 ($5,420 with the full homestead exemption).
Price here is driven by a fairly consistent housing stock: homes built between 2005 and 2013, with a median living area around 2,397 square feet and a median price of $376,000. At roughly $166 per square foot, the numbers reflect square footage and condition more than location premium, so the spread between a tired listing and an updated one can be wide.
The current posture is soft. The year-over-year median is down 24.8%, and the market heat score of 41 points to a market that has cooled from its peak. That said, the median days on market sits at 23 — homes that are priced to current reality are still moving in under a month. For buyers, that combination means room to negotiate without a stalled market. For sellers, it means pricing to today, not to last year's comps.
Palm Cove Ph 02 right now
🔴 Off the recent peak. The trailing-12-month median ($376K) is down 15.4% from the prior 12 months ($444K) and up 134% since 2012. With about 18 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Stellar MLS closed sales, 12-month windows ending August 2. Confidence: High (19 and 18 sales in the two windows).
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Updated August 2, 2026 · Live data: Stellar MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Palm Cove Ph 02 market snapshot (as of August 2, 2026): the median sale price is about $376K ($183 per sq ft over the trailing 12 months of closed sales), and a median 23 days on market for closed sales. The trailing-12-month median is down 15% from the prior 12 months and up 134% since 2012, computed from record-level Stellar MLS closed sales (19 closings in the current window).
Palm Cove Ph 02 is a community of 677 homes in Wesley Chapel, Pasco County, built between 2004 and 2013 (median 2006.0), with a median living area of about 2,234 square feet. 76% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Palm Cove Ph 02 is an established Wesley Chapel community of 399 homes in Pasco County, built out over the mid-2000s to early 2010s. With a homestead share of about 77%, it reads as a primarily owner-occupied neighborhood rather than an investor-heavy one.
Who Palm Cove Ph 02 is best for.
Best for
- Owner-occupant buyers targeting a mid-2000s-built home around 2,400 square feet near the $376,000 median
- Buyers comfortable negotiating in a cooled market and willing to hold rather than resell quickly
- Value-focused buyers willing to trade cosmetic updates for a lower entry on square footage
Probably not for
- Buyers needing brand-new construction or a home built in the last few years
- Short-horizon buyers counting on a fast rebound after a 24.8% year-over-year decline
- Investors seeking a rental-heavy community, given the high owner-occupied share
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending August 2 of each year, from record-level Stellar MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($376K) IS the median in the snapshot above, and the move from 2025 ($444K) IS the -15.4% one-year change.
Windows contain 0 to 50 sales each (19 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on Stellar MLS data distributed by MLS GRID for the period 2008 through 2026. Deemed reliable but not guaranteed.
17% of homes for sale in ZIP 32407 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-08-01).
The Palm Cove Ph 02 buying strategy.
If we were buying in Palm Cove Ph 02 today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Palm Cove Ph 02.
A condition-driven resale market
Because the homes cluster in a narrow build window and around a median of roughly 2,397 square feet, this is a community where the difference in outcome comes down to updates and upkeep rather than floor plan novelty. Two homes of similar size can price very differently based on kitchens, roofs, and mechanicals, so the $166-per-square-foot median is a midpoint, not a rule.
The high homestead share suggests turnover is measured, and the nine closings in the current window are a small sample — enough to read direction, not enough to treat any single comp as gospel. The 23-day median tells you correctly priced homes clear quickly; the 24.8% year-over-year drop tells you the anchor point has moved, and both sides need to price to that.
The location and the amenities are priced into every listing in Palm Cove Ph 02. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Palm Cove Ph 02 buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (6.5). Basis: Long-Term Appreciation +134% since 2012; Recent Direction -15.4% year-over-year; Owner Commitment 76% owner-occupied; Pricing Power 96.7% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a condition-driven market with a small closings sample, the value we add is reading each comp on its merits — what was updated, what wasn't — rather than leaning on an average. We will price a seller to what is actually moving in 23 days, and we will show a buyer where the negotiating room genuinely is in a market that is down year over year.
Palm Cove Ph 02 in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Palm Cove Ph 02 buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Palm Cove Ph 02 sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Palm Cove Ph 02, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Palm Cove Ph 02 home worth?
Get a no-obligation home value based on real comparable sales in Palm Cove Ph 02, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
What is the median home price in Palm Cove Ph 02?
How long do homes in Palm Cove Ph 02 take to sell?
How many homes are in Palm Cove Ph 02?
What share of Palm Cove Ph 02 is owner-occupied?
When were the homes in Palm Cove Ph 02 built?
Do cash buyers compete in Palm Cove Ph 02?
Have Palm Cove Ph 02 home prices gone up?
Who is the best real estate agent for Palm Cove Ph 02?
How do I find a top Wesley Chapel real estate agent who knows Palm Cove Ph 02?
Can Momentum Realty connect me with an agent for Palm Cove Ph 02?
Should you buy in Palm Cove Ph 02?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Stellar MLS closed sales, 12-month windows ending August 2, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (24 streets, ZIP 32407/33543/33544/33545)) |
| Under-contract shares | Stellar MLS records, as of 2026-08-01 |
| Historical depth | Closed-sale records back to 2008 (305 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live your area comps.
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More Wesley Chapel & Tampa North / Pasco County guides
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See how PALM COVE PH 02 fits the bigger picture — live prices, inventory, and Momentum Scores: