Palm Cove Ph 2
Homes for Sale in Wesley Chapel, FL

Community in Wesley Chapel · Pasco County
399 homesBuilt 2005–2013Median sale $385K
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Live Market Pulse
13/100
Market Heat
Cooler than normal
2013 → 2026 · 67 at the 2022 peak
0 is Palm Cove Ph 2's coldest market since 2013, 100 its hottest. Today: 13. How it's scored
Built fromLive Stellar MLS data15 years of closingsFL DOR public recordsUpdated twice daily
Live · Palm Cove Ph 2 Housing Pulse Stellar MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Price
$385K
Median sold · 12 mo
down 15.1% vs the prior 12 months
-15.1%
1-yr price change
n = 3 and 3 sales in the two windows
$194/sf
Sold $/sqft · 12 mo
peak $196 in 2024
92.8%
Sale vs ask
Pasco median: 95.5%
+108%
T12M median vs 2012
from a $185K median in 2012
Tempo
94days
Median DOM · closed
2 days at the 2022 low
3
Sold · last 12 mo
10-yr average: about 3 a year
Ownership and context
77%
Owner-occupied · Palm Cove Ph 2
308 of 399 parcels homesteaded (FL DOR 2025)
23%
Non-owner-occupied · Palm Cove Ph 2
incl. 6% trust or LLC-held · 10% out-of-state
33%
Cash buyers · Palm Cove Ph 2
1 of 3 sales, 12 mo ending June 2026
399
Homes in the community
399 residential parcels (FL DOR 2025)
Track record · 15 years of records
Est. 2005
Community established
homes built 2005-2013, median 2008 (FL DOR 2025)
1
Failed listings · 2026
peaked at 9 in 2011
1,913sqft
Median sold home size
12-mo windows, closed sales
0.8%/yr
Turnover rate
about 3 of 399 homes trade a year
Palm Cove Ph 2 Housing Pulse · Momentum Research · as of July 13, 2026

Palm Cove Ph 2 right now

🔴 Off the recent peak. The trailing-12-month median ($385K) is down 15.1% from the prior 12 months ($454K) and up 108% since 2012. With about 3 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 July 13. Confidence: Low (3 and 3 sales in the two windows).

Jump to: Price history & scorecard · Homes for sale · Schools · FAQ

Updated July 13, 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 2 market snapshot (as of July 13, 2026): the median sale price is about $385K ($194 per sq ft over the trailing 12 months of closed sales), and a median 94 days on market for closed sales. The trailing-12-month median is down 15% from the prior 12 months and up 108% since 2012, computed from record-level Stellar MLS closed sales (3 closings in the current window).

Palm Cove Ph 2 is a community of 399 homes in Wesley Chapel, Pasco County, built between 2005 and 2013 (median 2008.0), with a median living area of about 2,397 square feet. 77% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Windows contain 0 to 15 sales each (3 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 %s through %s. Deemed reliable but not guaranteed.

Median sale price · trailing 12 mo
$200K$300K$400K20122014201620182020202220242026
Down 15.1% year over year; up 108% since 2012.
Every sale since 2011 · price vs size
$0$200K$400K$600K2k3k
61 closed sales; green = recent. Size sets the floor, condition and lot set the rest.
Sold $ per sq ft · trailing 12 mo
$100$150$20020122014201620182020202220242026
Up from $84 in 2012 to a $196 peak in 2024; $194 now.
Median days on market · closed sales
05010020122014201620182020202220242026
2 days at the 2022 low; 94 now.
Sale price vs original ask · median
90%95%100%20122014201620182020202220242026
92.8% now vs Pasco 95.5%.
Homes sold per 12-mo window
05101520122014201620182020202220242026
0 to 15 a year; 3 in the current window.
Indexed since 2012 · Palm Cove Ph 2 vs Pasco
200400Pasco +312%Palm Cove Ph 2 +108%20122014201620182020202220242026
Same Stellar MLS record, indexed to 100 at 2012.
Sellers who gave up · failed listings per year
025820102012201420222026
Canceled, expired, or withdrawn. 9 quit in 2011; 1 so far in 2026. The clearest stress gauge a community has.
Market Heat · 0 coldest, 100 hottest in the record
20406080seller-leaningbuyer-leaning201420162018202220242026
67 at the 2022 peak, 13 in the troughs, 13 now. Same score as the hero card, full history.

If we were buying in Palm Cove Ph 2 today, this is the order of operations we would run for our clients.

1

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.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

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 2.

A closer look at the Palm Cove Ph 2 market

At a median of $194 per square foot, Palm Cove Ph 2 prices sit in a fairly defined band, so condition and updates — more than the list price — tend to separate one home from the next.

The trailing-12-month median down 15% year over year. Homes that do trade take a median 94 days on market, useful leverage on any listing that has lingered.

The housing stock is 399 homes built between 2005 and 2013, and 77% of parcels are homesteaded — the owner-occupancy proxy in the Florida DOR assessment roll.

The location and the amenities are priced into every listing in Palm Cove Ph 2. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty
5.6C · Buy Score
Long-Term Appreciation7.3/10
Recent Direction2.2/10
Owner Commitment7.7/10
Pricing Power5.2/10

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 (5.6). Basis: Long-Term Appreciation +108% since 2012; Recent Direction -15.1% year-over-year; Owner Commitment 77% owner-occupied; Pricing Power 92.8% sale-to-list. Refreshed with each data update.

HOA, CDD & Fees

In short
  • Mandatory HOA — confirm current dues
  • 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.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Palm Cove Ph 2 sales matched to your home.

What is your Palm Cove Ph 2 home worth?

Get a no-obligation home value based on real comparable sales in Palm Cove Ph 2, 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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Real comps, not an automated estimate.

Frequently Asked Questions

What is the median home price in Palm Cove Ph 2?
The median sale price in Palm Cove Ph 2 was $385K over the 12 months ending July 13, 2026 (3 closed sales, Stellar MLS).
How long do homes in Palm Cove Ph 2 take to sell?
Homes that closed in the 12 months ending July 13, 2026 took a median 94 days on market (3 sales, Stellar MLS).
How many homes are in Palm Cove Ph 2?
The Florida DOR 2025 assessment roll shows 399 homes in Palm Cove Ph 2 (public records).
What share of Palm Cove Ph 2 is owner-occupied?
77% of Palm Cove Ph 2 parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Palm Cove Ph 2 built?
Homes in Palm Cove Ph 2 were built between 2005 and 2013, with a median year built of 2008.0 (FL DOR 2025 roll).
Do cash buyers compete in Palm Cove Ph 2?
Cash buyers took 33% of Palm Cove Ph 2 sales in the 12 months ending June 2026 (1 of 3 closings, Stellar MLS).
Have Palm Cove Ph 2 home prices gone up?
The trailing-12-month median is up 108% since 2012, from $185K to $385K (Stellar MLS closed records).
Who is the best real estate agent for Palm Cove Ph 2?
The best agent for Palm Cove Ph 2 is one who actively works Wesley Chapel and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Palm Cove Ph 2.
How do I find a top Wesley Chapel real estate agent who knows Palm Cove Ph 2?
Share a few details in the form on this page. Momentum Realty has 280+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Palm Cove Ph 2 and the wider Wesley Chapel area.
Can Momentum Realty connect me with an agent for Palm Cove Ph 2?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Palm Cove Ph 2 purchase or sale - no call center and no pressure.

Data sources & freshness

Community market statsStellar MLS closed sales, 12-month windows ending July 13, 2026
Housing stock & ownershipFlorida DOR 2025 assessment roll (street-list match (13 streets, ZIP 33545))
Under-contract sharesStellar MLS records, as of 2026-07-12
Historical depthClosed-sale records back to 2011 (61 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.

Own a home here?

You just read the data. Now see what your home is worth.

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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