Martin County REALTORS® of the Treasure CoastActiveMLS® M20056819
$3,450,000
118 SW Palm Cove Drive, Palm City, FL 34990
- Beds
- 3
- Baths
- 5
- Sqft
- 5,232
- Home type
- Single Family Residence
- Year built
- 2004
- Lot size
- 17,860 sqft
- Price / sqft
- $659
- HOA
- $640/mo
- Community
- Palm Cove PUD Ph 04 & 05
Property description
First time on the market, this impeccably maintained 5,232-sq ft custom waterfront estate embodies timeless elegance in Palm Cove. Residents enjoy ocean-access from the marina, golf, tennis, fitness amenities, and an active social lifestyle. The 3 bedroom, 4½-bath residence features a first-floor owner’s suite w/ dual en-suite baths & 2 oversized walk-in closets, and two additional bedrooms and a private sitting room upstairs. A true chef’s kitchen is appointed with marble countertops, a granite island, premium gas range, two refrigerators, built-in microwave/coffee maker, 2 pantries, and stunning wine bar. The expansive dining room showcases a beautiful pecky cypress ceiling. River views are enjoyed from the LR, FR, kitchen, owner’s suite, pool and spa. The first-floor study includes a full bath & closet, offering the option of a 4th bdrm. Addtl highlights include impact glass, accordion shutters, whole-house generator, 3 HVAC systems, built-in cabinetry, & abundant storage closets.
Listing activity
- Days on market
- 19
- Listed
- Sep 5, 2026
- MLS listing updated
- Sep 24, 2026
- Feed last checked
- 3 minutes ago
Listed by Priscilla L. Baldwin · Berkshire Hathaway Florida Realty
Map
Map location is based on MLS-supplied coordinates. Verify the location before relying on it.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms
- 3
- Bathrooms
- 5
- Bathrooms (decimal)
- 4.5
- Full bathrooms
- 4
- Half bathrooms
- 1
Rooms & features
- Rooms
- 9
- Flooring
- Marble, Wood
- Fireplace
- Yes
- Fireplace features
- Gas
- Furnished
- Furnished
Heating & cooling
- Heating
- Electric, Zoned
- Cooling
- Central Air, Zoned
Property
Parking
- Parking spaces
- 3
- Covered spaces
- 0
Exterior
- Stories
- 2
- Building area
- 6,891 sqft
- Exterior features
- Barbecue
- Pool
- Yes
- Pool features
- Heated, Pool Sweep, Salt Water
- Waterfront
- Ocean Access, Navigable Water, River Front, Seawall, Other
- Waterfront property
- Yes
Lot
- Lot size
- 17,860 sqft
- Lot size (acres)
- 0.41 acres
Construction
Type & style
- Home type
- Single Family Residence
- Structure type
- House
- Architectural style
- Traditional
- Year built
- 2004
- New construction
- No
Materials
- Construction
- Block, Concrete
- Roof
- Barrel
- Property condition
- Resale
- Faces
- South
Utilities & green energy
Utilities
- Electric
- Generator
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Sewer Available, Water Available
Community & HOA
Community
- Subdivision
- Palm Cove PUD Ph 04 & 05
- MLS area
- 6090 - Palm City
- MLS subarea
- MRTC - Martin County
- Security
- Gated with Guard
- Pets allowed
- Number Limit, Size Limit, Yes
- 55+ community
- No
Association
- Has association
- Yes
- Association fee
- $639.25 monthly
- Estimated monthly dues
- $640
- Amenities
- Pool, Bike Storage, Boating, Cafe/Restaurant, Clubhouse, Community Room, Fitness Center, Golf Course, Jogging Path, Kitchen Facilities, Library, Manager On Site, Picnic Area, Playground, Putting Green, Sidewalks, Street Lights, Tennis Court(s)
- Services included
- Common Areas, Common Real Estate Tax, Reserve Funds, Security
Lease details
Not reported by the listing source.
Location
Area details
- City
- Palm City
- County
- Martin
- ZIP code
- 34990
Manufactured home details
Not reported by the listing source.
Financial & listing details
Listing
- MLS number
- M20056819
- Possession
- Close Of Escrow, Negotiable
- Original list price
- $3,450,000
- Parcel number
- 063841016005000501
- Annual property tax
- $23,774
- Tax year
- 2025
- Tax legal description
- CUTTER SOUND PUD PHASES 4 & 5 LOT 5 PHASE 5
Additional MLS details
Reported by the listing source
- Association Amenities
- Pool, Bike Storage, Boating, Cafe/Restaurant, Clubhouse, Community Room, Fitness Center, Golf Course, Jogging Path, Kitchen Facilities, Library, Manager On Site, Picnic Area, Playground, Putting Green, Sidewalks, Street Lights, Tennis Court(s)
- Association Fee Frequency
- Monthly
- Association Fee Includes
- Common Areas, Common Real Estate Tax, Reserve Funds, Security
- Association
- Yes
- Bathrooms Total Decimal
- 4.5
- Bathrooms Total Integer
- 5
- Building Area Total
- 6891
- Construction Materials
- Block, Concrete
- County Or Parish
- Martin
- Days On Market
- 19
- Direction Faces
- South
- Elementary School
- Bessey Creek
- High School
- Martin County
- List Price
- 3450000
- Listing Contract Date
- 2026-09-05
- Living Area
- 5232
- Lot Size Acres
- 0.41
- Lot Size Area
- 17946.72
- MLSArea Major
- 6090 - Palm City
- MLSArea Minor
- MRTC - Martin County
- Middle Or Junior School
- Hidden Oaks
- Mls Status
- Active
- On Market Date
- 2026-09-05
- Parking Total
- 3
- Photos Count
- 47
- Postal Code
- 34990
- Property Sub Type
- Single Family Residence
- Property Type
- Residential
- Rooms Total
- 9
- Security Features
- Gated with Guard
- Senior Community
- No
- Standard Status
- Active
- State Or Province
- FL
- Status Change Timestamp
- 2026-09-05T04:00:00Z
- Stories Total
- 2
- Subdivision Name
- Palm Cove PUD Ph 04 & 05
- Water Source
- Public
- Waterfront Features
- Ocean Access, Navigable Water, River Front, Seawall, Other
- Tax Annual Amount
- 23774
- Bathrooms Full
- 4
- Pool Private
- Yes
- Bedrooms Total
- 3
- Bathrooms Half
- 1
- Financial Information: Estimated Monthly Assoc Recurring Fee
- 640
Market value
Price history
| Date | Event | Price |
|---|---|---|
| Sep 5, 2026 | ListedMartin County REALTORS® of the Treasure Coast | $3,450,000$659/sqft |
Public tax history
| Year | Property taxes | Assessment |
|---|---|---|
| 2025 | $23,774 | — |
Payment calculator
Estimated monthly payment$22,247/moIllustrative estimate, not a loan offer.
- Principal & interest
- $17,901
- Property taxes
- $1,981
- Insurance
- $1,725
- Association dues
- $640
Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.
Neighborhood
Area
Palm Cove PUD Ph 04 & 05Palm City · Martin County · 34990
Climate risk
—No licensed climate-risk source is connected.
Nearby schools
Bessey CreekElementary
—Hidden OaksMiddle
—Martin CountyHigh
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