166 SW Palm Cove Drive, Palm City, FL, 34990 | $3,495,000

PRICE IMPROVEMENT – LUXURY WATERFRONT ESTATE - This custom-built estate in Palm Cove Golf & Yacht Club offers breathtaking mile-long river views from nearly every room. A grand entrance leads to expansive living and dining spaces with soaring ceilings and stone floors. The private primary suite is a serene retreat, while a second-level suite boasts a wet bar, dual walk-ins, and balcony. The gourmet kitchen flows into casual dining and gathering areas, all overlooking the resort-style pool, spa and outdoor kitchen. Enjoy a private dock for a 41’ boat with a 24k lb lift. Exclusive community amenities include a private golf course, marina, clubhouse, fitness center, heated lap pool and tennis courts.
Now at an even more attractive price—don’t miss this rare opportunity!

Features

  • Amenities: Basketball Court,Boat Facilities,Clubhouse,Dock,Fitness Center,Golf,Gated,Kitchen Facilities,Library,Marina,Playground,Property Manager On-Site,Pool,Street Lights,Tennis Court(s),Trails/Paths
  • Rooms: 8
  • Bedrooms: 4
  • Baths: 4 full / 2 half
  • Year Built: 2005
  • Garage: Attached,Garage,Garage Door Opener
  • Heating: Central,Electric,Zoned
  • Cooling: Central Air,Ceiling Fan(s),Electric
  • Approx Sq. Feet: 4,818
  • Acreage: 0.38
  • Est. Taxes: $24,776
  • HOA Fee: $648
  • Lot Desc: Sprinklers Automatic
  • View: Golf Course,Lake,River
  • Water Front: Yes
  • Elem. School: Bessey Creek
  • Middle School: Hidden Oaks
  • High School: Martin County
  • Pool: Heated,In Ground,Community
  • Pets Allowed: Yes
  • Appliances: Built-In Oven,Dryer,Dishwasher,Freezer,Disposal,Gas Range,Ice Maker,Microwave,Refrigerator,Water Purifier,Washer
  • MLS#: M20048457
  • Days on Market: 106 days
  • Website: https://www.raveis.com
    /eprop/M20048457/166swpalmcovedrive_palmcity_fl?source=qrflyer
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The data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor® Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than William Raveis Real Estate are marked with the IDX logo or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.
Listing courtesy of ONE Sotheby's International Re

Room Information

Type DimensionsLevel
Bedroom2 16.0 x 22.0Main
Bedroom3 15.0 x 11.0Main
Bedroom4 20.0 x 30.0Second
GreatRoom 25.0 x 25.0Main
Kitchen 15.0 x 12.0Main
LivingRoom 18.0 x 18.0Main
Loft 12.0 x 20.0Second
PrimaryBedroom 16.0 x 28.0Main

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

166 SW Palm Cove Drive, Palm City, FL, 34990

$3,495,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,796,000 $2,796,000 $2,796,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.625% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.861% 6.727% 6.560%
Monthly Tax Payment $2,065 $2,065 $2,065
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $16,989 $17,903 $24,164
Total Monthly Payment $19,179 $20,093 $26,354

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.