Cove Condo Homes for Sale

Cove Condo is a luxury waterfront, luxury community in Palm Beach, Palm Beach County, Florida. Properties are priced from $1,200,000 to $2,200,000. Pure Equity lists homes in Cove Condo and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Cove Condo and the Palm Beach area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows a single listing for Cove Condo Palm Beach homes for sale as of September 2026. The median asking price is $2.0M.

That is 26% below the Palm Beach median of $2.69M. On a per-foot basis, homes here ask about $1,203 per square foot, compared with $1,471 across Palm Beach. So the median price buys roughly 1,650 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 58 days on the market. That is faster than the Palm Beach average of 177 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Cove Condo date from 1975, so they are about 51 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Cove Condo includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

At a median near $2.0M, Cove Condo sits in the luxury tier of Palm Beach. Jumbo financing and proof of funds usually come up early in these negotiations.

Here is what the median Cove Condo price means in Florida closing terms. At $2.0M, a 20% down payment comes to about $399,000, leaving a loan near $1.6M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $5,586. Next, the intangible tax of 0.2% adds about $3,192. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Cove Condo median, that is about $13,965.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.