Palm Cove
Homes for Sale in Palm City, FL
All 320 homes for sale in Palm City, FL · median $629,950 · 298 homes for sale in 34990 · Martin County homes for sale
True comps, carrying-cost math, and listings before the portals.
Over the 12 months ending 2026-09-20, 3 recorded sales closed at a median of $1,224,000, $371 per square foot, a median 35 days on market, sellers accepting 93% of original asking. At the median price and Martin County's FY2025-26 rate of 15.47 mills, annual property tax runs about $18,930 ($18,320 with the full homestead exemption).
Villages & sections of Palm Cove
Palm Cove in Palm City, FL is a master-planned community recorded as 3 named villages and sections in the MLS; 8 homes are for sale or pending across them today. Each village has its own page with its listings, sales history and HOA/CDD facts.
- Palm Cove Golf & Yacht Club · 7 for sale · 6 sold/12 mo
- Harbour Island at Palm Cove · 1 for sale
- Harbour Island Palm Cove
Palm Cove is a waterfront enclave in Palm City where the median price sits at $1.224 million and homes are taking 83 days to sell. That's a patient market by any measure, and it reflects both the luxury price tier and the selectivity of the buyer pool. At $371 per square foot, you're paying for location and water access more than construction premium—this is a community where the parcel and the setting drive value.
With only three closings in the trailing three-month window, inventory is exceptionally thin and turnover slow. Sellers here have room to wait for their number; buyers should expect negotiation leverage only if a property has lingered well past 90 days or presents condition challenges. This is not a flip-and-go market—it's a hold-and-enjoy one, and pricing will remain a function of motivated timing on both sides.
Figures in this note are as of July 16, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Nearby homes for sale
No active listings inside palm cove right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Palm Cove market snapshot (as of September 20, 2026): the median sale price is about $1.22M ($371 per sq ft over the trailing 12 months of closed sales), and a median 35 days on market for closed sales.
In ZIP 34990 (Palm City), 322 homes closed in the last 12 months at a median of $765K ($280/sq ft), up 0.5% year over year, with a median 63 days on market. Right now 54 active and 23 pending listings put supply at about 5.1 months — a balanced market. See the live ZIP 34990 housing market and the Martin County market.
County records show 8 qualified sales in palm cove across 2024–2025 (5 in 2024, 3 in 2025), median $1.01M — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Palm Cove is a community of 107 homes in Palm City, Martin County, built between 1990 and 2014 (median 2003), with a median living area of about 2,750 square feet. 82% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Palm Cove is a low-density waterfront pocket in Palm City where homes move slowly, inventory is sparse, and the median close price is well into seven figures. The market here rewards patience and punishes urgency.
Who Palm Cove is best for.
Best for
- Buyers with liquid capital over the median seeking a primary or secondary waterfront residence in Martin County who value privacy and autonomy over amenities.
- Boaters and anglers prioritizing direct access and dock rights who understand the trade-off between location and days-on-market when it's time to sell.
- Buyers comfortable with older construction and willing to update or renovate, who can negotiate based on condition rather than compete on emotion.
Probably not for
- Buyers needing a liquid resale market or expecting to sell within three to five years without significant time-on-market risk.
- Anyone requiring resort-style amenities, a clubhouse, fitness center, or active social programming as part of the value proposition.
- Buyers stretching to the median price who cannot absorb deferred maintenance, flood insurance premiums, or extended carrying costs if life circumstances change.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Beaches MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($1.22M) IS the median in the snapshot above.
Windows contain 0 to 3 sales each (3 in the current window); every figure carries its sample size, and thin markets swing on single closings. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. Deemed reliable but not guaranteed.
26% of homes for sale in ZIP 34990 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 (2026-09-20).
The Palm Cove buying strategy.
If we were buying in Palm Cove 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.
What the numbers tell us about Palm Cove
The median sale price of $1.224 million puts Palm Cove squarely in the luxury segment for Martin County, but the per-square-foot figure of $371 suggests buyers are not paying for ultra-high-end finishes—they're paying for waterfront access and privacy. This is a community where lot premiums and direct water exposure can add substantial value over interior parcels, and condition varies widely. Expect older construction, some updated, some original, and pricing that reflects both the water and the work required.
The 83-day median time on market is more than double the county average for this price range, and the three closings over the past quarter confirm limited activity. Sellers are not under pressure, and many properties here are second homes or long-term holds. For buyers, this means you'll have time to inspect, negotiate, and walk away—but also that well-priced listings can sit if they lack curb appeal or require visible capital investment. The market is not correcting; it's simply waiting for the right match.
MLS data shows no formal amenity package—no clubhouse, no tennis, no HOA infrastructure beyond basic road maintenance. That's intentional. Palm Cove attracts buyers who want water, peace, and autonomy, not programmed recreation. If you need a resort-style experience, this isn't it. If you want your own dock and a neighborhood that leaves you alone, it might be.
The location and the amenities are priced into every listing in Palm Cove. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Palm Cove requires a broker who understands waterfront valuation, can spot deferred maintenance before you're in contract, and knows when to walk away from a listing that's been sitting because it's overpriced for its condition. We'll show you the comps that matter, flag flood zone and insurance realities, and tell you honestly whether a property justifies its ask. In a market this slow and this expensive, you need representation that puts your capital and your time first—not just access to the lockbox.
Palm Cove 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 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 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, 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 home worth?
Get a no-obligation home value based on real comparable sales in Palm Cove, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Palm City →
| Location | Palm City, Martin County, FL · ZIP 34990 |
|---|---|
| Homes in the community | 107 (FL DOR 2025 assessment roll) |
| Years built | 1990–2014 (median 2003) |
| Typical living area | 2,750 sq ft (median) |
| Sale prices, last 12 months | $1,224,000 median across 3 closed sales · $371 per sq ft |
| Days on market (closed sales) | 35 median |
| Owner-occupied (homestead) share | 82% |
Data as of September 20, 2026. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Palm Cove key facts,” movewithmomentum.com/neighborhoods/palm-cove-ph-1b-wesley-chapel--martin, data as of September 20, 2026.
Housing distress & ownership in palm cove, Palm City
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. Deemed reliable but not guaranteed.
More Palm City home searches
- All homes for sale in Palm City, FL
- Homes for sale in Martin County, FL
- Palm City waterfront homes for sale
- Gated communities in Palm City
- Palm City golf course homes
- Palm City home values: what is my house worth?
Palm City guides & data
- Market data
- Cost of living
- Best neighborhoods
- Flood zones
- Property taxes (Martin County)
- Homestead exemption (Martin County)
- Home insurance cost
- New construction
Florida buyer guides
- Florida home insurance rates by county
- Florida property tax by county
- Florida property tax calculator
- What flood zone X means
- The 4-point inspection, explained
- Florida flood insurance calculator
- Florida housing market map
- Save Our Homes tax estimator
- How to stop a foreclosure in Florida
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Streets in this community
Street-level pages: every home on record, what sold and what is for sale on each street.
- SW Island Creek Trail (5 homes on record)
- SW Pebble Lane (1 homes on record)
- SW Palm Cove Drive (1 homes on record)
Email me new listings in Palm Cove
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Palm Cove
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Palm Cove will answer, and the answer is published on this page for the next buyer.
Recent Developments in Palm Cove Ph 1b Wesley Chapel Martin
Development, infrastructure, retail, and school activity affecting Palm Cove Ph 1b Wesley Chapel Martin, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated November 2026.
- October 2026Schools
Murray Middle School in Stuart breaks ground on $33M rebuild phase
The second phase adds new learning spaces, a performing arts wing and gym renovations after Hurricane Milton's tornado damaged three main buildings. The gym is expected by August 2027 and the new buildings by December 2027.
What it may mean for the marketReplaces portable classrooms with permanent facilities, improving a public school campus in the Stuart area. The site is about 2 miles west of Palm Cove Ph 1b Wesley Chapel Martin.
Source: WPTV - October 2026Parks & Amenities
Mattamy Homes to transfer 125 acres at Newfield for St. Lucie River muck storage
Mattamy is moving 125 acres from the northern part of its Newfield development to Martin County for river restoration, matched by an adjacent 125 acres from the Florida Inland Navigation District. The combined land can hold about 2.4 million cubic yards of dredged muck, and removal starts only after federal funding is authorized.
What it may mean for the marketPreserves open land near Newfield and supports St. Lucie River water quality, with possible recreational use of the parcels later. The project is about 7 miles southwest of Palm Cove Ph 1b Wesley Chapel Martin, elsewhere in Martin County.
Source: WPTV - October 2026Civic
Martin County adopts one-year moratorium on new data centers
Commissioners voted 4-0 on Oct. 27 for a one-year pause on data center development. A hyperscale application west of I-95 off Kanner Highway was filed earlier and is not affected.
What it may mean for the marketSets a pause on a large industrial land use while the county writes rules, which shapes what may be built near western Martin corridors. The site is about 8 miles southwest of Palm Cove Ph 1b Wesley Chapel Martin.
Source: WPTV - October 2026Development
St. Lucie nuclear plant marks 50 years with licenses for 20 more years
The two-unit plant on Hutchinson Island supplies about 11 percent of FPL's power, and the NRC has granted licenses for 20 additional years of operation. The plant uses robots, drones and submersibles for inspections.
What it may mean for the marketSignals a long-term major employer and power source for the county. The site is about 10 miles north of Palm Cove Ph 1b Wesley Chapel Martin.
Source: WPTV - October 2026Civic
Martin County moves to restore MARTY bus service with emergency contract
Commissioners voted to end the contract with Martin County Transit and negotiate a one-year emergency agreement with MTM Transit after service stopped suddenly the prior week. County staff hoped to restart service within about a week.
What it may mean for the marketAffects county-wide bus access and commute options until service resumes. The site is about 6 miles southwest of Palm Cove Ph 1b Wesley Chapel Martin.
Source: WPTV - August 2026Infrastructure
Federal government awards $79 million for St. Lucie River Bridge replacement in Stuart; Brightline station grant denied
The century-old St. Lucie River Bridge replacement received $79 million in federal funding. The federal Intercity Passenger Rail Program did not fund a proposed Brightline station in downtown Stuart. Martin County said it welcomed the bridge funding.
What it may mean for the marketBridge replacement funding supports a key rail and river crossing, while the denied grant leaves the timing of a Stuart passenger rail stop uncertain. The site is about 2 miles southwest of Palm Cove Ph 1b Wesley Chapel Martin.
Source: WJNO (iHeart)
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
Frequently Asked Questions
What is the median home price in Palm Cove?
How long do homes in Palm Cove take to sell?
How many homes are in Palm Cove?
What share of Palm Cove is owner-occupied?
When were the homes in Palm Cove built?
Who is the best real estate agent for Palm Cove?
How do I find a top Palm City real estate agent who knows Palm Cove?
Can Momentum Realty connect me with an agent for Palm Cove?
Where is Palm Cove, and what county is it in?
Should you buy in Palm Cove?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Beaches MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (4 streets, ZIP 34990)) |
| Under-contract shares | Beaches MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2002 (34 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 Beaches 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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