Palmetto Cove
Condos for Sale in Fort Myers, FL
All 1,446 homes for sale in Fort Myers, FL · median $240,000 · 1,091 condos for sale in Fort Myers · 418 homes for sale in 33919 · Lee County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Florida Gulf Coast MLS
As of November 2026, Palmetto Cove in Fort Myers, FL has 11 homes for sale and 1 pending, asking from $225,000 to $360,000 (median $275,000). Homes listed or recently sold were built 2007–2019; 4 of 12 report an HOA (median $575/mo); 10 of the 12 geocoded homes sit in a FEMA special flood hazard zone (median elevation 8 ft).
Homes For Sale Right Now in Palmetto Cove
Live MLS inventory for Palmetto Cove. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active · 8 daysTop listing
Active · 271 days
Active · 23 days
Active · 7 days
Active · 207 days
Active · 113 days
Active · 8 days
Active · 73 days
Active · 15 days
Active · 0 days
Active · 21 daysActive and pending Palmetto Cove listings as of 2026-11-12, priced high to low. Listing information provided by the Florida Gulf Coast Multiple Listing Service, Inc. Information is deemed reliable but not guaranteed by the MLS to be accurate. Tap any home to ask about it.
Palmetto Cove is pricing in real time right now, and the numbers tell a consistent story: a median of $228,000, a year-over-year drop of 16.5%, and a median 79 days on market. That combination points to a market where sellers are adjusting to buyer resistance rather than the other way around. Price per square foot sits at $186.67, which gives buyers a workable benchmark for comparing condition and layout across listings.
With a market heat score of 15 and only 13 closings in the current window, this is a thin, buyer-leaning market. That does not mean homes are distressed, it means there is less competitive pressure and more room to negotiate on price and terms. Sellers here need realistic pricing from day one; buyers who do their homework on comps can move with confidence.
Figures in this note are as of July 29, 2026. The live market numbers elsewhere on this page update nightly and are newer.
The 60-Second Overview
Palmetto Cove sits in Fort Myers within Lee County, an area where recent closings show a market recalibrating on price rather than racing ahead. The current data reflects a modest close count, which means each transaction carries more weight in reading the trend.
Florida Gulf Coast MLS sales records identify 16 homes in Palmetto Cove that have changed hands since 2023, built between 1987 and 2019 (median 2016), with a median living area of about 1,347 sq ft and a typical 2-bedroom, 2-bath layout; 100% are condominiums. Source: Florida Gulf Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
The setting & the homes.
Aerial and on-site photos of Palmetto Cove. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Palmetto CovePalmetto CovePalmetto CovePalmetto CovePalmetto CovePalmetto CovePalmetto CovePalmetto CovePhotos from Florida Gulf Coast MLS listings in Palmetto Cove; content deemed reliable but not guaranteed.
Who Palmetto Cove is best for.
Best for
- Buyers with flexible timelines who can wait through a slower sales cycle for the right price
- Buyers focused on the home itself, comfortable that no community amenities are documented in current listings
- Value-oriented buyers who want to use recent price softening as negotiating leverage
Probably not for
- Buyers expecting quick closings in a low-competition, extended-marketing-time environment
- Sellers hoping to price at prior-year levels without adjusting for the recent decline
- Buyers who prioritize on-site community amenities as a core requirement
The market around Palmetto Cove
Palmetto Cove is too small for its own price trend, so here is the market around it.
In ZIP 33919, 483 homes are on the market and 15% are under contract — a slower corner of Fort Myers.
Across Lee County, 10,622 homes are active and 1,899 pending (15% under contract).
In ZIP 33919 (Fort Myers), 114 homes closed in the last 12 months at a median of $248K ($165/sq ft), with a median 79 days on market. Right now 119 active and 22 pending listings put supply at about 12.5 months — a soft market. See the live ZIP 33919 housing market and the Lee County market.
ZIP and county figures describe the wider market, not Palmetto Cove specifically. Momentum Research analysis of MLS records.
Palmetto Cove on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Florida Gulf Coast MLS. Map data © OpenStreetMap contributors.
The Palmetto Cove buying strategy.
If we were buying in Palmetto 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 Palmetto Cove.
Reading the Numbers Correctly
The median price of $228,000 and price per square foot of $186.67 give a workable baseline, but the 16.5% year-over-year decline is the number that matters most for anyone pricing a listing or writing an offer today. This is not a market where last year's comps hold up without adjustment.
A median of 79 days on market confirms what the heat score already suggests: homes here are not moving quickly, and sellers who price at or above last year's levels risk sitting well past that median. Community amenities are not identified from current MLS listings, so buyers should treat this as a market defined by the home itself and its immediate location rather than shared facilities.
The location and the amenities are priced into every listing in Palmetto Cove. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market this thin, with only 13 recent closings, the difference between an accurate price and a guess is significant. We track the individual sales that make up these numbers, not just the averages, so pricing and offer strategy reflect what is actually happening in Palmetto Cove right now, not last year's assumptions.
Palmetto Cove in 15 seconds.
Tools for a Palmetto 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 Palmetto Cove sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Palmetto 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 Palmetto Cove home worth?
Get a no-obligation home value based on real comparable sales in Palmetto 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.
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Should you buy in Palmetto Cove?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Florida Gulf Coast MLS, refreshed twice daily (last: November 12, 2026) |
| Under-contract shares | Florida Gulf Coast MLS records, as of 2026-11-11 |
| Historical depth | Closed-sale records back to 2026 (2 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 Florida Gulf Coast 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.
Recent Developments in Palmetto Cove
Development, infrastructure, retail, and school activity affecting Palmetto Cove, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated November 2026.
- October 2026Retail & Dining
Cape Coral weighs incentives for first Costco at 600 Chiquita Boulevard South
The proposed warehouse would be about 165,000 square feet with a fueling facility. The city would provide up to $10 million for site work and impact fees, and the council is scheduled to consider the package at its Nov. 2 meeting. No opening date has been announced.
What it may mean for the marketIf approved, a warehouse club and fuel station would add a major retail draw and jobs along the Chiquita corridor. The site is about 3 miles west of Palmetto Cove.
Source: WINK News - October 2026Development
Cypress Cove owner buys former Ruby Tuesday site off Summerlin Road for $2.2M
Cypress Living bought the closed restaurant at 9001 Park Royal Drive, a 5,398-square-foot building on about 1.5 acres, for $2.2 million. No new use is chosen, though the CEO said it will not return to restaurant use. Its Harbour Vue eight-story independent living building is expected to break ground in early 2027.
What it may mean for the marketA vacant restaurant parcel on a road carrying about 37,000 vehicles a day is set to be redeveloped for a non-restaurant use, changing the commercial mix along Park Royal Drive. The project is about 4 miles southeast of Palmetto Cove, elsewhere in Lee County.
Source: Gulfshore Business - October 2026Infrastructure
Cape Coral council awards $32.9 million contract for North 1 East booster station
The council voted 7-1 to award Douglas N. Higgins Inc. $32,910,150 for the North 1 East Booster Station on 14.2 acres at Yellow Fever Creek Preserve, with two 5-million-gallon storage tanks. The station lets the city accept up to 6 million gallons per day of reclaimed water for irrigation.
What it may mean for the marketExpands reclaimed irrigation service in north Cape Coral, with assessments of roughly $32,000 to $35,000 per standard lot in the service area. The project is about 12 miles northwest of Palmetto Cove, elsewhere in Lee County.
Source: Hoodline - September 2026Civic
Cape Coral council sets construction price for North Cape fleet maintenance facility
On Sept. 16, 2026 the council approved Resolution 259-26 setting the construction price for a Fleet Maintenance Facility at the North Cape Government Complex, 1200 Kismet Parkway West. Charles Perry Partners is the contractor, and work includes site development and infrastructure.
What it may mean for the marketAdds city service capacity in north Cape Coral, where municipal facilities support a growing population. The project is about 10 miles northwest of Palmetto Cove, elsewhere in Lee County.
Source: City of Cape Coral - June 2026Retail & Dining
High 5 Entertainment underway at Village Hub SportsPark in Estero
Vertical construction is underway on a High 5 Entertainment venue at the Village Hub SportsPark on the north side of Williams Road in Estero. The facility will include the 21-court Estero Pickleball Club, a 16-lane bowling alley, two miniature golf courses, an arcade, a full-service kitchen and bar, and retail space. The CEO said construction should finish within six to eight months, targeting soft openings in February 2027.
What it may mean for the marketA new entertainment and dining venue adds recreational and commercial space to the Estero activity hub. The project is about 12 miles southeast of Palmetto Cove, elsewhere in Lee County.
Source: Gulfshore Business - June 2026Retail & Dining
Fort Myers Beach approves Development Order for Times Square entertainment center with hotel and restaurant
Fort Myers Beach town staff issued a Development Order for a three-story mixed-use entertainment center at 1028 and 1046 Estero Boulevard at Times Square, on the former sites of Sunset Beach Tropical Grill and The Playmore Tiki Bar. The 41,285-square-foot project by Persaud Properties would include six hotel units, a restaurant, shopping, a bar, an entertainment venue with a stage and a public pool. No construction permits had been issued as of the approval, with additional environmental and stormwater approvals still required.
What it may mean for the marketA new mixed-use entertainment building would add hotel, dining and retail space to the Times Square commercial district and support its post-storm rebuild. The project is about 9 miles south of Palmetto Cove, elsewhere in Lee County.
Source: Fort Myers Beach Observer
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.
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