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Perfectly positioned in one of Naples’ most desirable central locations, this generous homesite at 561 Ridge Drive offers a rare opportunity to create a custom luxury residence in the highly sought-after Pine Ridge neighborhood. The property sits high and dry in a preferred X flood zone with an impressive 17FT elevation, an exceptional characteristic that enhances both peace of mind and long-term value. Set on a 1. 2-acre lot with preferred southwest exposure and excellent site orientation, the property provides an ideal canvas for a new build tailored to today’s modern lifestyle. Although a home currently occupies the site, the offering is presented at lot value as a premier teardown opportunity for a future custom estate. The dimensions and orientation of the property readily accommodate a substantial single-family residence with resort-style pool, expansive outdoor living areas capturing beautiful afternoon light and sunset skies, and a multiple-car garage, all while maintaining privacy and abundant green space. Just minutes from Naples’ renowned white-sand beaches, Waterside Shops, Mercato, and an array of fine dining and entertainment options, this location combines a quiet residential setting with exceptional convenience. For discerning buyers and builders seeking a high-quality, southwest-exposed site on city water in a blue-chip Naples neighborhood, 561 Ridge Drive represents a compelling and increasingly scarce opportunity.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,395,000
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 | $2,716,000 | $2,716,000 | $2,716,000 |
| 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% | 5.826% |
| Monthly Tax Payment | $1,393 | $1,393 | $1,393 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $15,209 | $16,066 | $22,373 |
| Total Monthly Payment | $16,727 | $17,584 | $23,891 |
* 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.