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RARE NAPLES INVESTMENT & DEVELOPMENT OPPORTUNITY IN THE RAPIDLY GROWING BAYSHORE/GATEWAY TRIANGLE DISTRICT! Positioned in one of Naples’ most exciting redevelopment corridors, this cleared and build-ready 100% upland lot offers exceptional potential for investors, builders, or end users looking to capitalize on location and future growth. Zoned RMF-6 / BZO-R1, allowing for a duplex or single-family residence, creating endless possibilities for rental income, multigenerational living, seasonal investment, or resale. This property already features an installed water meter, electric available on-site, and mature tropical landscaping including beautiful palms and a producing mango tree, saving valuable time and development costs. Surrounded by upscale new construction and modern homes, the area continues to see tremendous growth and rising values. Located just minutes from Downtown Naples, iconic 5th Avenue South, white sand beaches, Tin City, Celebration Park, boating, dining, shopping, and the highly sought-after Seed to Table market. A rare chance to secure a versatile homesite in one of Naples’ fastest-transforming neighborhoods with strong upside potential and increasing demand. Property appraisal available for added buyer confidence. THIS PROPERTY QUALIFIES FOR A 1% LENDER INCENTIVE WHEN USING THE PREFERRED LENDER — INQUIRE FOR DETAILS.
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Our Executive Mortgage Banker:
Our Insurance Division:
$279,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $223,999 | $223,999 | $223,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.776% | 6.078% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,379 | $1,434 | $1,875 |
| Total Monthly Payment | $1,454 | $1,509 | $1,950 |
* 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.