THIS HOME IS CURRENTLY UNDER CONSTRUCTION WITH ANTICIPATED COMPLETION BY SPRING OF 2025. The Martinique home is being built by award winning London Bay Homes in the new North Naples community of Cambridge Park at Orange Blossom. Nestled within this boutique neighborhood of 17 homes, the Martinique exudes the elegance of coastal contemporary architecture. This 4 bedroom 4 bath home boasts a grand great room with soaring 17 foot ceilings and a fabulous gourmet-inspired kitchen featuring Sub Zero and Wolf appliances, custom designer wood cabinetry as well as a large island breakfast bar. The open great room plan includes 10' tall sliding glass doors that lead to a covered area equipped with an outdoor kitchen, and fire table overlooking the picturesque open air resort style custom pool and spa. The home's master suite features a luxurious bathroom with freestanding soaking tub, walk-in shower, dual vanities and an oversized walk-in closet. Including the three-car garage and outdoor living and dining areas, the Martinique offers 5, 180 total square feet. This home is being sold UNFURNISHED. Minutes to the Ritz Carlton resorts, gulf beaches, Mercato, Venetian Village and fantastic restaurants and shopping!
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Our Executive Mortgage Banker:
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$4,175,000
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 | $3,340,000 | $3,340,000 | $3,340,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $688 | $688 | $688 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $21,663 | $21,386 | $29,325 |
Total Monthly Payment | $22,476 | $22,199 | $30,138 |
* 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.