LIVE THE GOOD LIFE! Experience luxury living at 425 Cove Tower Drive, Unit 1201. The "01" end unit is rarely available with an wrap around balcony and endless views of the Bay, Gulf of Mexico & Mangroves. The Cove Towers is a North Naples "Hidden Gem" less than 1 mile to the Gulf, directly on Wiggins Pass. This elegant 12th-floor end unit boasts 3 bedrooms, 3 bathrooms, plus den and over 2400 square feet of space. Enjoy breathtaking sunrise & sunsets bay and water views while having your morning coffee or relaxing with cocktails overlooking the beautiful bay evening lights. Robb and Stucky decor, recent updates are attractive "Wood floor" Mohawk Vinyl plank that has natural wood grain & stunning tile in the kitchen and dining room non-slippery ceramic tile. The amenities include beach access, har tru tennis courts, bocce ball, fitness center, clubhouse with dining, a tiki bar, fire pit and pool, golf reciprocity, the Endless Summer Boat Shuttle to the beach, boat slips available for lease/purchase, Membership at the Tarpon Cove Yacht and Racquet Club is available. Don't miss the chance to own this remarkable residence and indulge in the Naples coastal lifestyle. This is an excellent investment.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,375,000
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 | $1,100,000 | $1,100,000 | $1,100,000 |
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 | 7.406% | 6.762% | 6.830% |
Monthly Tax Payment | $709 | $709 | $709 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,135 | $7,043 | $9,658 |
Total Monthly Payment | $7,969 | $7,877 | $10,492 |
* 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.