Attention Buyers: Exceptional Opportunity!
Buy now and build your dream home, or secure this parcel as a long-term investment! This 1. 03-acre oversized lot is the final gem in a highly exclusive and rapidly redeveloping area surrounded by ultra-luxury properties. Homes on nearby 1-acre parcels are currently selling between $5. 9M and $6. 4M, making this a phenomenal deal for what this neighborhood is becoming.
As the surrounding 5-acre area undergoes rezoning and redevelopment, the value of this last available lot will only continue to rise. Located just 2. 9 miles from the beach, you can enjoy proximity to the best of Naples, including Mercato, Publix, Target, Whole Foods, the library, Walgreens, and I-75. Luxury communities like Palisades, Cambridge Park, and Il Regalo highlight the thriving and upscale transformation of the neighborhood.
What makes this even more valuable? The area has approved underground utilities, a significant upgrade that not only enhances the neighborhood's aesthetic but also increases property values—an incredible bonus for any buyer.
Don't miss this rare opportunity to own the last oversized parcel in this sought-after area. The more they build, the more valuable this land becomes. Act now—secure this property and watch your investment soar!
Price subject to change as days on market increase.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,687,000
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 | $2,149,600 | $2,149,600 | $2,149,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.750% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.239% | 6.849% | 7.037% |
Monthly Tax Payment | $149 | $149 | $149 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,482 | $13,942 | $19,171 |
Total Monthly Payment | $14,756 | $14,216 | $19,445 |
* 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.