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Prime development opportunity in rapidly growing Naples on 5 acres of RMF-6 zoned land with exceptional potential for expansion to 15 total acres making this an extraordinary multifamily residential site in one of Southwest Florida's most sought after markets. The north 5 acres is currently zoned for church or school. The property offers immediate development advantages with public water and sewer utilities already installed along Santa Barbara Boulevard by Collier County eliminating the substantial infrastructure costs that typically burden development projects and accelerating your timeline to groundbreaking. RMF-6 zoning permits single-family homes, duplexes, and multifamily residences up to 6 units per acre allowing for approximately 30 units on the current 5 acres or up to 90 units if expanded to the full 15-acre assemblage providing remarkable flexibility for developers seeking to maximize density while maintaining the low profile residential character that defines Naples living. The Santa Barbara Boulevard corridor has emerged as a critical north-south artery connecting residential communities to Naples' world-renowned amenities with direct access to I-75 just 5 minutes away via Golden Gate Parkway interchange enabling seamless regional connectivity for future residents commuting to Fort Myers or traveling to Southwest Florida International Airport. Location advantages include proximity to Golden Gate Community Park and Aquatic Facility featuring fitness centers, tennis courts, swimming pools, and water slides just minutes away, while Veterans Community Park offers additional recreation with lakefront beaches, kayaking, and sports facilities. The surrounding area benefits from established retail infrastructure including Publix, ALDI, Walmart, and CVS creating the convenience that today's renters and homebuyers demand. Downtown Naples with its legendary Fifth Avenue South shopping, white-sand Gulf beaches, and upscale dining sits approximately 15 minutes away offering future residents the perfect balance between urban amenities and peaceful residential living. Multiple public and private schools serve the Golden Gate area while Florida Gulf Coast University and Hodges University provide higher education within reasonable commuting distance. The property's position along Santa Barbara Boulevard places it in the path of Naples' continued northward expansion as the city grows to accommodate the thousands of new residents relocating to Southwest Florida annually seeking the region's exceptional climate, outdoor recreation, and quality of life. With utilities in place, favorable zoning, expansion potential, and a location that delivers both convenience and desirability, this development site represents a rare opportunity to create multifamily housing in a market with sustained demand, limited available land, and strong fundamentals supporting long-term appreciation and income generation.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,950,000
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 | $3,160,000 | $3,160,000 | $3,160,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.875% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.130% | 5.984% | 5.912% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $17,942 | $18,693 | $26,241 |
| Total Monthly Payment | $18,067 | $18,818 | $26,366 |
* 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.