690 Murex DR, Naples, FL, 34102 | $4,695,000

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.

Features

  • Amenities: Underground Utility
  • Rooms: 10
  • Bedrooms: 3
  • Baths: 2 full
  • Style: 1 Story/Ranch
  • Development: COQUINA SANDS
  • Year Built: 1968
  • Garage: 2.00 Attached
  • Heating: Central Electric
  • Cooling: Ceiling Fans,Central Electric
  • Approx Sq. Feet: 2,045
  • Acreage: 0.5
  • Est. Taxes: $3,315
  • Lot Desc: Regular
  • View: Landscaped Area
  • Community Type: Non-Gated
  • Elem. School: LAKE PARK ELEMENTARY SCHOOL
  • Middle School: GULFVIEW MIDDLE SCHOOL
  • High School: NAPLES HIGH SCHOOL
  • Private Pool: Yes
  • Pet Policy: No Approval Needed
  • MLS#: 226007174
  • Website: https://www.raveis.com
    /mls/226007174/690murexdr_naples_fl?source=qrflyer
Courtesy of

William Raveis Family of Services

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.

The Gulf GroupSales Associates

815.353.3315

TheGulfGroup@Raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Pedro DelgadilloInsurance Sales Director, William Raveis Insurance

305.922.5393

Pedro.Delgadillo@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

690 Murex DR, Naples, FL, 34102

$4,695,000

The Gulf Group

Sales Associates

William Raveis Real Estate

Phone: 815.353.3315

TheGulfGroup@Raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
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.