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$3,450,000

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 4 Full Baths
  • 1 Partial Bath
  • 5,232 Sq. Ft.
  • Updated 2 days ago
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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.

Full Property Details for 118 SW Palm Cove Dr

General

  • Price: $3,450,000
  • HOA FEE: $639
  • Taxes: $23,774 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Martin_County
  • MLS ID: M20056819
  • Updated: 9/14/2026
  • Added to Site: 11 day(s) ago

Interior

  • Number of Rooms: 10
  • Interior Features: Bathtub, Dual Sinks, Primary Downstairs, Separate Shower
  • Fireplace: Yes
  • Fireplace(s): Gas
  • Furnished: Yes
  • Furnishings: Furnished
  • Flooring: Marble, Wood

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Library: Yes

Additional Information

  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: Heated, Pool Sweep, Salt Water, Community, Pool/Spa Combo
  • Spa: Yes
  • Spa Description: Heated
  • Tennis: Yes

Parking

  • Covered Spaces: 3
  • Total Spaces: 3

Location

  • Area: 9-Palm City
  • County: Martin
  • Subdivision: Cutter Sound PUD Ph 04 & 05
  • Driving Directions: Take Mapp rd to the gate house of Palm Cove.
  • Direction Faces: South

Community

  • Community Name: 9-Palm City
  • Association: Yes
  • Assoc. Fees Include: Association Management, Common Areas, Recreation Facilities, Reserve Fund, Security, Taxes
  • Pets Allowed: Yes

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Zoned
  • Heating Type: Electric, Zoned

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Sewer Connected, Water Connected

Structural Information

  • Property Detached: Yes
  • Architectural Style: Traditional
  • Construction: Block, Concrete
  • Roof: Barrel
  • Windows: Impact Glass
  • Stories/Levels: 2
  • Square Feet: 5,232
  • Living Area: 5,232 Sq. Ft.
  • Year Built: 2004
  • Property Condition: Resale

Lot Features

  • Lot Size (Acres): 0.412
  • Lot Size: .412
  • Street Lights: Yes
  • Sidewalks: Yes

Water Features

  • Water Front: Yes
  • Water Front Desc.: Deep Water, Navigable Water, Ocean Access, River Front, Seawall, Water Access

Financial Considerations

  • Association Fee: $639
  • Tax Amount: $23,774
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Ownership: Fee Simple
  • Legal Description: CUTTER SOUND PUD PHASES 4 & 5 LOT 5 PHASE 5
  • Property ID: 63841016005000501

Listed by Berkshire Hathaway Florida Realty

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Listing agent

— 118 SW Palm Cove Dr —

  • Berkshire Hathaway Florida Realty

772-485-3786

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 118 SW Palm Cove Dr

School District:Martin County School District
NameGradesDistance
Bessey Creek Elementary School
2201 Southwest Matheson Avenue, Palm City, FL 34990
PK-51.8 mi
Hidden Oaks Middle School
2801 Southwest Martin Highway, Palm City, FL 34990
6-83 mi
Martin County High School
2801 South Kanner Highway, Stuart, FL 34994
9-123 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 118 SW Palm Cove Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/05/2026
Listed
$3,450,000
858.33%
MLS
4/15/1997
Sold
$360,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 118 SW Palm Cove Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$23,774
-1%
$1,519,327
3%
2024
$24,032
2%
$1,476,509
3%
2023
$23,671
3%
$1,433,504
6%
2021
$23,068
1%
$1,351,216
-3%
2022
$22,884
-1%
$1,391,752
4%
2021
$23,068
5%
$1,332,561
4%
2018
$22,062
6%
$1,278,313
2%
2017
$20,770
1%
$1,252,020
2%
2016
$20,472
-1%
$1,226,268
1%
2015
$20,609
-9%
$1,217,744
-7%
2019
$22,617
12%
$1,302,601
8%
2014
$20,281
2%
$1,208,079
2%
2013
$19,976
—
$1,190,225
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 118 SW Palm Cove Dr

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Berkshire Hathaway Florida Realty

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118 SW Palm Cove Drive, Palm City, FL 34990 (MLS# M20056819) is a Single Family property with 3 bedrooms, 4 full bathrooms and 1 partial bathroom. 118 SW Palm Cove Drive is currently listed for $3,450,000 and was received on September 05, 2026. Want to learn more about 118 SW Palm Cove Drive? Do you have questions about finding other Single Family real estate for sale in Palm City? You can browse all Palm City real estate or contact a Coldwell Banker agent to request more information.

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