How do I schedule a tour of 118 SW Palm Cove Drive, Palm City, FL 34990?

Use the Tour button on this listing to request a showing of 118 SW Palm Cove Drive, Palm City, FL 34990. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.

Is 118 SW Palm Cove Drive, Palm City, FL 34990 still available?

118 SW Palm Cove Drive, Palm City, FL 34990 is currently listed as Active, and has been on the market 19 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.

How much is the monthly payment for 118 SW Palm Cove Drive, Palm City, FL 34990?

With 20% down ($690,000) on the $3,450,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 118 SW Palm Cove Drive, Palm City, FL 34990 is about $18,131/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.

How do I get pre-approved to buy 118 SW Palm Cove Drive, Palm City, FL 34990?

Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 118 SW Palm Cove Drive, Palm City, FL 34990. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.

Does 118 SW Palm Cove Drive, Palm City, FL 34990 have an HOA fee?

Yes: 118 SW Palm Cove Drive, Palm City, FL 34990 carries an HOA fee of about $639 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.

What schools serve 118 SW Palm Cove Drive, Palm City, FL 34990?

118 SW Palm Cove Drive, Palm City, FL 34990 is zoned for Bessey Creek (elementary), Hidden Oaks (middle), Martin County (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.

Can I negotiate the price of 118 SW Palm Cove Drive, Palm City, FL 34990?

Often, yes. The right offer on 118 SW Palm Cove Drive, Palm City, FL 34990 depends on how it's priced against comparable single family sales in Palm City, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.

Active

19 Days on Market

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All Listings

$3,450,000

118 SW Palm Cove Drive

Palm City, FL 34990

Palm Cove PUD Ph 04 & 05

Explore the area: Palm City homes for sale · Martin County real estate

Price Check

How this price compares

List price: $3,450,000
Price per sq ft: $659
Vs. nearby sales: 145.9% above
Days on market: 19

This 3-bedroom single-family home in ZIP 34990 is listed at $3,450,000, or $659 per square foot. It has been on the market for 19 days. The 3 most recent single-family home sales in the closings shown below sold at a median of $268 per square foot, so the asking price is 145.9% above what comparable homes here actually sold for.

Bedrooms

Bathrooms

5,232

Living Sq Ft

2004

Year Built

Estimated monthly payment

$18,131 /mo

Principal and interest only, based on $690,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $639/mo HOA are not included.

Customize this estimate

Listing Snapshot

Price: $3,450,000
Days on Site: 19 Days
Bedrooms: 3
Total Baths: 5
Full Baths: 4
Partial Baths: 1
Living Area: 5,232 sqft
Total Sq Ft: 6,891 sqft
Lot Size: 0.41 Acres
Year Built: 2004
Property Type: Single Family
MLS #: M20056819
Property Tax: $23,774 (2025)
HOA Fees: $639 / Monthly
Subdivision: Palm Cove PUD Ph 04 & 05
Development: Palm Cove PUD Ph 04 & 05
County: Martin
Status: Active

About This Property

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.

Virtual Tour

General Features

Property Type: Single Family
Status: Active
Year Built: 2004
Property Condition: Resale
Number of Stories: 2
Direction Faces: South
Lot Size (Acres): 0.41
Living Sq Ft: 5,232
Total Sq Ft: 6,891
Structure Type: House
Sewer: Public Sewer
Water Source: Public

Interior Features

Cooling: Central Air / Zoned
Heating: Electric / Zoned
Flooring: Marble / Wood
Fireplace: Yes
Interior Features: Bathtub / Dual Sinks / Main Level Primary / Soaking Tub / Separate Shower
Total Rooms: 9
Furnished: Furnished

Exterior Features

Construction: Block / Concrete
Roof: Barrel
Exterior Features: Barbecue
Architectural Style: Traditional
Private Pool: Yes
Pool Features: Heated / Pool Sweep / Salt Water / Association
Lot Features: Quarter To Half Acre Lot
Waterfront: Yes
Waterfront Features: Navigable Water / Ocean Access / Other / River Front / Seawall

Community & HOA

HOA Fee: $639 / Monthly
HOA Includes: Common Areas / Reserve Fund / Security
Association Amenities: Bike Storage / Boating / Clubhouse / Community Kitchen / Fitness Center / Golf Course / Library / Picnic Area / Playground / Pool / Putting Greens / Restaurant / Sidewalks / Tennis Courts / Trails / Boat Dock
Community Features: Home Owners Association / Boat Facilities / Property Manager On Site / Street Lights
Security: Gated With Guard
Utilities: Sewer Available / Water Available
Pets Allowed: Number Limit / Size Limit / Yes
Financing Terms: Cash / Conventional
Restrictions: No Commercial Vehicles
MLS Area: 6090 - Palm City

Schools

Elementary School: Bessey Creek
Middle School: Hidden Oaks
High School: Martin County

About the Area

Palm City

View Palm City Real Estate →

Browse Palm City homes for sale across every neighborhood and price point in Martin. Available homes span single-family, townhome, and condo segments throughout the city. Palm City includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Martin, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Martin market data, see Florida Realtors' monthly statistics. Browse the latest Palm City listings below. Then connect with a Pure Equity agent to schedule a private showing.

Homes for Sale: 349
Median List Price: $645,000
Median $/Sq Ft: $279
Avg Days on Market: 114

View all 349 homes for sale in Palm City →

Frequently Asked Questions

How do I schedule a tour of 118 SW Palm Cove Drive, Palm City, FL 34990?: Use the Tour button on this listing to request a showing of 118 SW Palm Cove Drive, Palm City, FL 34990. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
Is 118 SW Palm Cove Drive, Palm City, FL 34990 still available?: 118 SW Palm Cove Drive, Palm City, FL 34990 is currently listed as Active, and has been on the market 19 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
How much is the monthly payment for 118 SW Palm Cove Drive, Palm City, FL 34990?: With 20% down ($690,000) on the $3,450,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 118 SW Palm Cove Drive, Palm City, FL 34990 is about $18,131/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
How do I get pre-approved to buy 118 SW Palm Cove Drive, Palm City, FL 34990?: Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 118 SW Palm Cove Drive, Palm City, FL 34990. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
Does 118 SW Palm Cove Drive, Palm City, FL 34990 have an HOA fee?: Yes: 118 SW Palm Cove Drive, Palm City, FL 34990 carries an HOA fee of about $639 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
What schools serve 118 SW Palm Cove Drive, Palm City, FL 34990?: 118 SW Palm Cove Drive, Palm City, FL 34990 is zoned for Bessey Creek (elementary), Hidden Oaks (middle), Martin County (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
Can I negotiate the price of 118 SW Palm Cove Drive, Palm City, FL 34990?: Often, yes. The right offer on 118 SW Palm Cove Drive, Palm City, FL 34990 depends on how it's priced against comparable single family sales in Palm City, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.

Listing courtesy of Berkshire Hathaway Florida Realty

Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated September 14, 2026.

$3,450,000

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Listed by Priscilla L. Baldwin, Berkshire Hathaway Florida Realty

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Zip Codes in Martin County

34997 Homes for Sale$445,000 34957 Homes for Sale$449,000 34990 Homes for Sale$645,000 34994 Homes for Sale$320,000 33455 Homes for Sale$570,000 34996 Homes for Sale$487,000 34956 Homes for Sale$59,900

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Recently sold homes in ZIP 34990

These are the last 6 recorded closings in ZIP 34990, with the price each home actually sold for rather than what it was listed at. They closed at a median of $268 per square foot. The most recent closed on October 2, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.