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Presented by
The Gulf Group |
690 Murex Drive is set on a rare half acre corner lot in the heart of Coquina Sands, one of Naples’ most established and walkable neighborhoods. The southern oak lined streets are quiet, shaded, and filled with neighbors out walking dogs, pushing strollers, and riding bikes to the beach. This is old Naples living the way people picture it.
From your front door, you are approximately a 10 minute walk to Lowdermilk Park, where you have direct beach access, picnic areas, volleyball courts, and Gulf sunsets year round. You are also just a short bike ride to Fifth Avenue South for dining, shopping, coffee, and events, and close to Third Street South, Cambier Park, and the Naples Beach area. Everything that makes Naples special is right around you.
Coquina Sands is known for being pet friendly and community oriented. The neighborhood dog walking club is active, and you will regularly see small groups gathering in the mornings and evenings along the oak canopy streets. It feels residential and private, yet you are minutes from downtown and the Gulf.
The lot itself is one of the standout features. A true half acre corner homesite offers flexibility, privacy, and presence. Corner lots in this part of Coquina Sands are highly desirable because they allow for creative new construction designs, larger footprints, generous outdoor living space, and strong curb appeal. If you are looking to build your dream home in the heart of Naples, this is the type of property that supports a statement residence.
There is tremendous upside potential here for new construction. Surrounded by luxury new builds and high end remodels, this location supports significant investment. Whether you envision a modern coastal estate with a resort style pool and expansive outdoor entertaining areas, or a classic Old Naples inspired design, the setting and lot size give you room to execute at a high level.
Currently on the property is a charming 3 bedroom, 2 bath home with good bones and character. The existing residence offers flexibility. You can enjoy it as is, renovate and update over time, or use the lot as the foundation for a completely new build. The home sits comfortably on the site, and the corner positioning creates a sense of openness and space.
Opportunities like this in Coquina Sands are limited. A half acre corner lot, walking distance to Lowdermilk Park, bike ride to Fifth Avenue, and surrounded by some of Naples’ most desirable streets. Build your vision right here and create something special in one of the most sought after neighborhoods in Southwest Florida.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$4,695,000
Sales Associates
William Raveis Real Estate
Phone: 815.353.3315
TheGulfGroup@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 | $3,756,000 | $3,756,000 | $3,756,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.750% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 5.858% | 5.806% |
| Monthly Tax Payment | $276 | $276 | $276 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $20,741 | $21,919 | $30,939 |
| Total Monthly Payment | $21,142 | $22,320 | $31,340 |
* 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.