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Presented by
Jan Lovewell |
THREE CONSECUTIVE LOTS now available in the highly sought-after Bayshore area! Nearly half an acre (0. 48 a) ready for your build. Maximize your profit with the option to build your perfect forever home, or three to four spec homes on this incredible lot! On the corner of Bayshore's newest residential development, The Grove, consisting of 31 single family homes starting at $2. 0M. This property offers endless possibilities for a savvy Buyer looking to secure a property in one of Naples' fastest-growing neighborhoods. Preferred southern exposure, lush landscape, and already completely fenced in. A fully air-conditioned workshop/studio built in 2016 sits at the back of the property, complete with another bathroom, which can be used or rented out while building. No rental restrictions and no HOA restrictions. Perfectly located just 5 minutes (less than 3 miles) from the Beach and vibrant Downtown 5th Avenue. The Bayshore Art District is Naples' top destination for new construction and redevelopment. The Naples Botanical Garden, Celebration Park, Bayshore's vibrant Farmers Market, East Naples Community Park with 64 pickleball courts and a stadium, Rebecca's Wine Bar, art galleries, a public boat ramp and boat rentals are within walking distance! Property ID 81732560002 (1. 5 lots) and PID 8173520000 (1. 5 lots) totaling 0. 48 acres, are sold together.
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Our Executive Mortgage Banker:
Our Insurance Division:
$875,000
Broker
William Raveis Real Estate
Phone: 508.904.4722
Jan.Lovewell@Raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $700,000 | $700,000 | $700,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 5.972% | 5.846% |
| Monthly Tax Payment | $86 | $86 | $86 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,920 | $4,141 | $5,766 |
| Total Monthly Payment | $4,098 | $4,319 | $5,944 |
* 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.