Fishermans Cove (Aka Somerset)
Homes for Sale in Stuart, FL

Fishermans Cove (Aka Somerset) market snapshot (as of September 20, 2026): the median sale price is about $305K ($231 per sq ft over the trailing 12 months of closed sales), and a median 6 days on market for closed sales.

In ZIP 34997 (Stuart), 583 homes closed in the last 12 months at a median of $415K ($249/sq ft), down 3.0% year over year, with a median 64 days on market. Right now 90 active and 26 pending listings put supply at about 4.1 months — a balanced market. See the live ZIP 34997 housing market and the Martin County market.

County records show 7 qualified sales in Fishermans Cove (Aka Somerset) across 2024–2025 (5 in 2024, 2 in 2025), median $300,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Fishermans Cove (Aka Somerset) is a community of 166 homes in Stuart, Martin County, built between 1977 and 1989 (median 1986.0), with a median living area of about 1,263 square feet. 45% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Fishermans Cove (Aka Somerset) is a Stuart address with a median sale price of $290,000 and the thin, fast-moving inventory typical of smaller Martin County communities where condition—not just location—sets the clearing price.

The $290K median and $217 per square foot place Fishermans Cove below Stuart's broader waterfront and Hutchinson Island figures but above pure inland ranch subdivisions. You are paying for Martin County zip codes, proximity to the Intracoastal and St. Lucie River access points, and the scarcity premium that comes with a finite number of units. What you are not paying for is new construction, resort-grade amenities, or HOA services—MLS data show no identified community amenities, so assume this is a collection of individually owned units or a modest neighborhood without a clubhouse, pool, or gate.

Median time on market under five days tells you two things: properly priced, updated homes move immediately, and there are not many of them. Four closings in the data window confirm shallow inventory. Buyers who want something ready to occupy will face competition and should come pre-approved with clean offers. Those willing to renovate will find more runway and negotiating leverage, but should budget for deferred exterior maintenance, older HVAC and roofing, and flood-insurance costs that waterfront-adjacent Martin County addresses often carry.

The name confusion—Fishermans Cove versus Somerset—points to either a rebranding, a developer succession, or separate legal plats marketed under different labels. Title and plat review at contract will clarify which entity governs your unit, what the true HOA or condo-regime obligations are, and whether you face special assessments. Do not assume the MLS listing name matches the recorded master deed.

Fishermans Cove's thin inventory and split identity require a broker who knows Martin County title nuances, flood-zone overlays, and how to price older units against updated comps in Stuart's fragmented waterfront-adjacent market. Momentum's analysts pull permit history, verify association status, and ensure you understand insurance and assessment exposure before you write an offer. We will walk a property that has sat for weeks and tell you why—and whether the discount is real or the repair list makes it a poor deal at any number.

Listings in this community report association dues of about $12 per month — the median AssociationFee across 18 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.