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***** If you’re looking for land or a renovated single family under $5 million in Old Naples - your search is over! This is a phenomenal deal as it is one of the only homes under $5 million in the area and by far the nicest at this price point. Either build your dream home and be all on at a price less than any new house in the area, or just add a pool and enjoy the existing renovated home. This beautifully renovated single story residence featuring 5 Beds | 3 Baths, a covered terrace and an oversized backyard full of opportunity. The home sits on a . 33 acre lot which is very large for the area and allows for an attached 3 car garage (perfect if you have a golf cart for zooming around the area) As you enter, you are greeted with 12+ foot ceilings and beautiful crown molding in the living room. The large open kitchen features newly refinished cabinetry, a new stainless steel appliance package, quartz countertops, an island and a peninsula that overlooks an expansive family room with separate breakfast nook. The homeowners added stunning light fixtures in the dining, living and family room. Enjoy all new wide plank white oak hardwood floors throughout the main living areas. The gigantic master suite includes a sitting area, two walk-in closets and a magazine quality brand new bathroom with a large separate shower, bath tub, and dual vanities with plenty of storage. This home is located on a tree lined street in a quiet pocket of Old Naples offering the perfect balance of privacy and convenience. Incredible location! - Just 5 minutes to famed 5th Ave, 3rd St restaurants and shopping, 6 blocks to the beach, a short distance to Cambier Park, a short walk to the the highly anticipated brand new Four Seasons Hotel. For families with little ones - It is also located in the award winning Lake Park Elementary School. ***Situated in an X500 zone, which means this property sustained no water damage from the past hurricanes and no flood insurance is required - rare for Old Naples! Plans and for a brand new luxurious pool, hardscaping and fencing included.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,250,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $3,400,000 | $3,400,000 | $3,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.289% | 6.259% | 6.164% |
| Monthly Tax Payment | $2,473 | $2,473 | $2,473 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $20,112 | $20,659 | $28,691 |
| Total Monthly Payment | $22,710 | $23,257 | $31,289 |
* 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.