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All stats are year over year

Updated September 16, 2026 10:54AM EST

Echo Video

Days on MarketDOM

40Days | -13%
Echo Video

Active InventoryAI

4,345 Homes | -24%
Echo Video

Median Sales PriceMSP

$650,000 | 3%
Echo Video

New ListingsNL

1,360 Homes | -7%
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Closed SalesCS

1,112 Homes | -2%
Echo Video

Dollar VolumeDV

$1.4B | 27%
Echo Video

Months of InventoryMOI

3.5 Months | -33%
Echo Video

Pending SalesCS

1,206 Homes | 2%
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Palm Cove Reserve

A subdivision of Homestead.

Total Homes : 296

Gated : No

Club Membership : No

No-Fee Community : No

Palm Cove Reserve Map

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Discover the Lifestyle of Palm Cove Reserve Homes

Palm Cove Reserve is a future residential community planned near the northwest corner of East Palm Drive and SE 12th Avenue in Homestead. The development will bring 296 single-family residences to a roughly 54-acre site on the southeastern side of the city, with convenient connections to US-1, the Florida Turnpike, Downtown Homestead, Florida City, and the gateway to the Florida Keys.

The project has evolved since it was first introduced as a townhome development in 2023. Current approved plans identify Palm Cove Reserve as a 296-unit single-family residential subdivision. Buyers following Palm Cove Reserve Homes for Sale should consider it a future development, as individual home collections, pricing, release dates, and final sales information have not yet been announced.

About Palm Cove Reserve

Palm Cove Reserve is planned on approximately 54.45 acres near East Palm Drive, also known as SW 344th Street, and SE 12th Avenue, also known as Tennessee Road. The property sits close to the Homestead-Florida City boundary and established residential communities east of Downtown Homestead.

Current plans call for 296 single-family residences. Lennar Homes is associated with the project’s current final plat application, marking an important change from the development team and townhome concept presented when Palm Cove Reserve was initially proposed.

The community is expected to include new internal roads, landscaping, stormwater infrastructure, utilities, open spaces, and other improvements needed to support the residential neighborhood. Final home designs and the individual residential collections have not yet been publicly established.

History of Palm Cove Reserve

Palm Cove Reserve first received wider attention in 2023, when plans were submitted for 296 townhomes on approximately 59 acres. That early concept called for two-story residences along with a clubhouse and resort-style swimming pool.

The development subsequently changed. In March 2024, the City of Homestead approved a Palm Cove Reserve residential subdivision containing 296 dwelling units. More recent city records describe the development as 296 single-family residences rather than the townhome community presented in the original proposal.

The project’s infrastructure and financing structure also advanced during 2025. Plans were introduced to incorporate the approximately 54.45-acre Palm Cove Reserve property into the existing Palm Gate Community Development District, which originated on adjacent land in Florida City. The district structure is intended to support infrastructure such as roads, utilities, stormwater systems, landscaping, parks, and open spaces.

By spring 2026, Lennar Homes was listed as the applicant for the Palm Cove Reserve final plat. City development tracking showed the 296-home project progressing through multiple rounds of Development Review Committee review. Palm Cove Reserve therefore remains a future community, with additional platting, infrastructure, construction, and homebuilding activity still to come.

Amenities

The original 2023 Palm Cove Reserve proposal contemplated a resort-style pool and clubhouse. Because the project has since changed from a townhome concept to an approved single-family subdivision, those earlier amenities should not be treated as confirmed features of the current development.

Current planning and district documents allow for community infrastructure and improvements that may include:

  • Parks and open spaces
  • Landscaped common areas
  • Internal roadways
  • Stormwater management infrastructure
  • Water and sewer infrastructure
  • Right-of-way landscaping

A final private residential amenity program has not yet been announced. Features such as a clubhouse, swimming pool, fitness center, playground, or sports courts should be confirmed when Lennar releases the community’s residential plans.

Outside the development, Palm Cove Reserve is positioned for access to Downtown Homestead, Homestead-Miami Speedway, Homestead Bayfront Park, Everglades National Park, Biscayne National Park, and the Florida Keys. Shopping, restaurants, and everyday services are available along US-1 and throughout Homestead and neighboring Florida City.

Key Details

  • Community type: Future residential subdivision
  • Property type: Single-family homes
  • Current planned residences: 296
  • Development area: Approximately 54.45 acres under the current district plan
  • Location: Northwest of East Palm Drive and SE 12th Avenue, Homestead, FL
  • Current homebuilder/applicant: Lennar Homes, LLC
  • City approval: Residential subdivision approved in 2024
  • Current development stage: Final plat progressing through development review
  • Original concept: 296 townhomes
  • Current concept: 296 single-family residences
  • Community Development District: Proposed for inclusion within the expanded Palm Gate CDD
  • HOA: Final HOA structure and fees have not yet been announced
  • CDD assessments: Applicable district assessments should be confirmed as the community moves toward home sales
  • Gated status: Not confirmed in current development information
  • Club membership: No club membership requirement has been announced
  • Major nearby roads: East Palm Drive/SW 344th Street, SE 12th Avenue/Tennessee Road, US-1, and Florida’s Turnpike


Nearby Communities

Keys Gate is a large established residential community east of central Homestead and is covered by Echo Fine Properties. Its collection of gated neighborhoods and single-family homes provides an established alternative for buyers comparing southeastern Homestead with the future residences at Palm Cove Reserve.

Keys Landing is a gated subdivision within Keys Gate and is covered by Echo Fine Properties. Located in the 33035 area, it offers an established single-family neighborhood setting near the same southeastern Homestead corridor.

Palm Isle Estates is another gated subdivision within Keys Gate covered by Echo Fine Properties. Its location east of Downtown Homestead makes it a useful existing comparison for buyers monitoring new single-family development at Palm Cove Reserve.

Work with Echo Fine Properties

Follow Palm Cove Reserve as platting, construction, home designs, pricing, and sales information are announced. Echo Fine Properties can help you monitor this future Homestead community while comparing available homes and new-construction opportunities throughout the surrounding area.

Palm Cove Reserve Homes for Sale FAQs

Where is Palm Cove Reserve in Homestead?

Palm Cove Reserve is planned near the northwest corner of East Palm Drive and SE 12th Avenue in Homestead. East Palm Drive is also designated SW 344th Street, while SE 12th Avenue is commonly known as Tennessee Road. The location is close to Florida City, US-1, and Florida’s Turnpike.

How many homes are planned at Palm Cove Reserve?

Current plans call for 296 single-family residences. The total number of homes is consistent with the original proposal, but the housing type has changed since the project was introduced. Early plans described 296 townhomes, while current city development records identify 296 single-family residences.

Who is building Palm Cove Reserve?

Lennar Homes is listed as the applicant associated with the current Palm Cove Reserve final plat. The original 2023 proposal involved a different development team, so older information about the project may not reflect the community that ultimately moves forward. Final Lennar home collections and sales details have not yet been announced.

What amenities will Palm Cove Reserve have?

A final amenity package has not yet been confirmed for the current single-family development. The original townhome proposal included a clubhouse and resort-style pool, but the project has since changed substantially. Current district planning provides for infrastructure and may include parks, open spaces, and landscaped common areas, while specific residential amenities should be verified when the builder releases updated plans.

Is Palm Cove Reserve under construction?

Palm Cove Reserve is progressing through the development process rather than operating as an established residential community. City records from 2026 show the 296-home final plat moving through Development Review Committee review. Home construction schedules, model openings, pricing, and sales dates should be confirmed as the project advances.

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