Pelican Cove
Homes for Sale in Palm City, FL
All 296 homes for sale in Palm City, FL · median $643,950 · 329 homes for sale in 34990 · Martin County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Beaches MLS
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). As of October 2026, the MLS records 43 closed sales in Pelican Cove in Palm City, FL since 2001, the most recent in July 2026. Recorded prices across those 43 sales ran from $255 to $1,220,000 (median $285,000), on homes of 1,170 to 2,709 sq ft. Across Palm City as a whole, 136 homes closed in the last 12 months at a median of $776,500, 64 median days on market, with 284 homes for sale today. At that median and Martin County's FY2025-26 rate of 15.47 mills, annual property tax runs about $4,410 ($3,800 with the full homestead exemption).
Last 30 days in Pelican Cove: 1 new listing (median asking $619,000). As of October 17, 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.
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.
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).
ZIP and county figures describe the wider market, not Pelican Cove specifically. Momentum Research analysis of MLS records.
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 3 days.
Typical home value in the 34990 ZIP is $611,661, about 2.7% above 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 2026-10-18, 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.
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.
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 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 →
Data sources & freshness
| Live listings | Beaches MLS, refreshed twice daily (last: October 18, 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.
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 Beaches MLS member average and 8 days faster, and we’ll price yours against live local comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how PELICAN COVE fits the bigger picture — live prices, inventory, and Momentum Scores:
Housing distress & ownership in PELICAN 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.
Recently sold in Pelican Cove Palm City
- 1409 Sw Ibis Street · sold $725,000
- 1282 Sw Pelican Crescent · sold $925,000
Closed sales from the MLS; each page shows the sold price, taxes and value history.
More Palm City home searches
- All homes for sale in Palm City, FL
- Homes for sale in Martin County, FL
- Palm City pool homes for sale
- Palm City waterfront homes for sale
- Gated communities in Palm City
- Palm City golf course homes
- Homes under $300K in Palm City
- Homes from $300K to $500K in Palm City
- 4-bedroom homes for sale in Palm City
- Palm City home values: what is my house worth?
Nearby Communities
Explore more neighborhoods near Pelican Cove with Momentum Realty’s local guides.
Email me new listings in Pelican 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 Pelican Cove
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Pelican Cove will answer, and the answer is published on this page for the next buyer.
Common questions about Pelican Cove
Where is Pelican Cove?
Pelican Cove is a community in Palm City, Martin County, Florida, ZIP 34990.
Are there homes for sale in Pelican Cove right now?
Yes — 0 active and 1 pending listings as of the last feed refresh (twice daily). They are listed on this page.
Does Pelican Cove have an HOA or CDD?
No HOA is on record for Pelican Cove in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.
Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.