The Ritz-Carlton Residences, Estero Bay brings a premier lifestyle to one of Southwest Florida's last available stretches of waterfront, situated within 500 acres of lush lands and unobstructed views of Estero Bay and the Gulf of Mexico. Developed by London Bay Development Group, The Ritz-Carlton Residences, Estero Bay will consist of two 22-story towers totaling 224 residences. Currently selling the first tower of 112 units, prices range from $2. 9 million to $15 million which is slated for occupancy in 2025. Residences range from 2, 628 to 3, 885 square feet, and include two-, three- and four-bedrooms plus den. Enjoy direct access to a 72-boat slip marina, a new 18-hole championship golf course, 9-hole short course, tennis, pickleball and a 5-star restaurant. High-touch concierge care will handle deliveries, reservations for dining or travel and on-site pet grooming to the beauty salon and spa treatments. Amenities include a Wellness Center with state-of-the-art fitness equipment, yoga and Pilates studio, a private training section, and locker rooms with steam and sauna. Enjoy the Sunset Lounge, Private Dining Room, and daily continental breakfast at the Sports and News Café.
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Our Executive Mortgage Banker:
Our Insurance Division:
$6,710,000
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
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $5,368,000 | $5,368,000 | $5,368,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.296% | 6.622% | 6.680% |
Monthly Tax Payment | $8,081 | $8,081 | $8,081 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $34,817 | $33,929 | $46,761 |
Total Monthly Payment | $43,023 | $42,135 | $54,967 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.