Pelican Cove
Homes for Sale in Palm City, FL
All 314 homes for sale in Palm City, FL · median $649,000 · 303 homes for sale in 34990 · Martin County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Beaches MLS
As of November 2026, Pelican Cove in Palm City, FL has 1 home for sale. Homes listed or recently sold were built 1958–1985; 2 of the 3 geocoded homes sit in a FEMA special flood hazard zone (median elevation 5 ft).
Last 30 days in Pelican Cove: 1 new listing (median asking $619,000). As of November 7, 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.
Pelican Cove is a thin-data community right now: no active listings and a single closing in the most recent window. That means there's no supply on the open market to anchor a buyer's expectations, and no running inventory to pressure a seller. Price here is set one deal at a time, and condition will carry more weight than any neighborhood trend because there isn't enough volume to establish one.
For a buyer, that posture requires patience and a willingness to move when something lists, since there may be long stretches with nothing available. For a seller, the quiet market cuts both ways: little visible competition, but also few recent comparables to lean on when pricing. In a market this thin, both sides should expect to negotiate off the specifics of the home rather than a broad community narrative.
Figures in this note are as of October 26, 2026. The live market numbers elsewhere on this page update nightly and are newer.
The 60-Second Overview
Pelican Cove is a small, low-turnover pocket of Palm City in Martin County, where homes trade infrequently enough that each sale meaningfully shapes the picture. Expect to treat it as a wait-and-pounce community rather than one with steady inventory to shop.
BeachesMLS sales records identify 27 homes in PELICAN Cove that have changed hands since 2001, built between 1955 and 1987 (median 1971), with a median living area of about 1,626 sq ft and a typical 3-bedroom, 2-bath layout; 100% are single-family homes. Source: BeachesMLS 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 Pelican Cove. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Pelican Cove
Pelican Cove
Pelican CovePhotos from Beaches MLS listings in Pelican Cove; content deemed reliable but not guaranteed.
Who Pelican Cove is best for.
Best for
- Buying to hold in a low-turnover corner of Palm City where listings are rare
- Buyers who can wait and act decisively when inventory finally appears
- Valuing a quiet setting over a deep menu of amenities or constant selection
Probably not for
- Needing to buy on a short timeline with homes available to tour today
- Wanting several active listings to compare side by side before deciding
- Relying on abundant recent comps to validate a price before you commit
The market around Pelican Cove
Pelican Cove is too small for its own price trend, so here is the market around it.
In ZIP 34990, 258 homes are on the market and 31% are under contract — a fast-moving corner of Palm City.
Across Martin County, 909 homes are active and 305 pending (25% under contract).
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. See the live ZIP 34990 housing market and the Martin County market.
ZIP and county figures describe the wider market, not Pelican Cove specifically. Momentum Research analysis of MLS records.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Martin County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Martin County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
Pelican Cove Market Scorecard
Pelican Cove is currently a buyer-leaning market (limited data). About 6.0 months of supply, a median asking price of $619,000, and homes go under contract in about 24 days.
Typical home value in the 34990 ZIP is $611,661, right around the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: BeachesMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in Pelican Cove
Live MLS inventory for Pelican 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 and pending Pelican Cove listings as of 2026-11-05, priced high to low. 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. Tap any home to ask about it.
Pelican 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 Beaches MLS. Map data © OpenStreetMap contributors.
Schools
- Martin County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Bessey Creek · Elementary
- Hidden Oaks · Middle
- Martin County · High
Zoned schools reflect the assignments reported on recent Pelican Cove listings and can change; always confirm with Martin County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Pelican Cove address.
Recent Developments in Pelican Cove
Development, infrastructure, retail, and school activity affecting Pelican Cove, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- October 2026Development
Port St. Lucie board considers rezoning for up to 1,200 homes at Wilson Grove
The Planning and Zoning Board took up a rezoning of nearly 360 acres of agricultural land north of SW Becker Road, between SW Sundance Vista Boulevard and Rangeline Road, to a master planned unit development. The concept plan allows up to 1,200 homes plus parks, lakes and clubhouses. City Council would vote later in October.
What it may mean for the marketUp to 1,200 new homes in western Port St. Lucie would add housing supply and increase traffic demand on Becker Road. The site is about 4 miles southwest of Pelican Cove.
Source: CBS12 (WPEC) - September 2026Development
Martin County approves limited-industrial zoning on Southeast Powerline Avenue in Hobe Sound
Commissioners voted 3-2 to rezone a property along Southeast Powerline Avenue to limited-industrial, a less intensive class than the general industrial designation first proposed. The county said the existing zoning was outdated and that no data center is planned. Any proposal over 100,000 square feet would need board approval.
What it may mean for the marketLimited-industrial zoning could add light industrial space and local jobs in Hobe Sound while capping the scale of future uses. The project is about 22 miles southeast of Pelican Cove, elsewhere in Martin County.
Source: WFLX (FOX 29) - 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 project is about 11 miles southeast of Pelican Cove, elsewhere in Martin County.
Source: WJNO (iHeart) - July 2026Development
Port St. Lucie weighs commercial rezoning in Tradition
A final City Council vote was set for July 14, 2026 on rezoning about 9.5 acres at Crosstown Parkway and SW Fairgreen Drive in Tradition from residential to commercial, a request by Winding River Crosstown LLC to allow retail and office development. The Planning and Zoning Board recommended approval in May with conditions including a landscape buffer and architectural wall along residential borders.
What it may mean for the marketThe rezoning would add commercial retail and office capacity along the Crosstown Parkway corridor in Tradition. The site is about 1 mile southwest of Pelican Cove.
Source: WFLX
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.
The Pelican Cove buying strategy.
If we were buying in Pelican 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 Pelican Cove.
A thin-trade enclave
With no active listings and only one recent closing on record, Pelican Cove behaves like a community that rarely comes to market. There are no community amenities identified from current MLS listings, so what you are buying is the home and the location in Palm City, not a shared amenity package. Judge each property on its own condition, lot, and finishes.
The practical takeaway is that opportunity here is episodic. Serious buyers should get pre-positioned — financing ready, agent watching — so they can act the moment a listing appears. Sellers, meanwhile, benefit from a clear field but should prepare for a pricing conversation built on limited local comps and the home's specifics.
The location and the amenities are priced into every listing in Pelican Cove. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a community with no active inventory and razor-thin transaction history, the value we add is access and timing. We track Pelican Cove between listings, flag off-market movement, and price from the specifics of a home when comps are scarce. That's exactly the kind of market where guesswork costs money and a disciplined read pays off.
Pelican Cove in 15 seconds.
Tools for a Pelican 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 Pelican Cove sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Pelican 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 Pelican Cove home worth?
Get a no-obligation home value based on real comparable sales in Pelican 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 →
Should you buy in Pelican Cove?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Beaches MLS, refreshed twice daily (last: November 5, 2026) |
| Under-contract shares | Beaches MLS records, as of 2026-08-10 |
| Historical depth | Closed-sale records back to 2001 (43 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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