Location, Luxury, and Healthy Living | This is an incredible opportunity for you to become an Olde Naples property owner. More than just an address, Villas Del Torres offers a peaceful and private way of life. One of the most unique properties in South Florida, these "Towers of Villas' are a small three-member association but live like single family homes. Three owners share this meticulously landscaped property on nearly a quarter acre of downtown Naples land. Less than two blocks from prestigious Fifth Avenue South, you are close enough to enjoy all the action while still being far enough away to avoid the heaviest noise and traffic. Easily bike, or walk, to the beautiful white sand beaches on the Gulf of Mexico. With a Walkability score of 77 this is one of Southwest Florida's only areas with that level of access to the places you need to be, on foot. You are also within minutes of all of Naples' best entertainment, medical facilities, and dining. This villa is accessible via a private alley off Third Avenue South. The owner widened the pavered driveway so that it can accommodate two vehicles, in addition to the garage. You will be hard-pressed to find a property offering private parking for three vehicles downtown. With the private courtyard on the east wing of the property you have over 2, 500 sq. ft. of total area to enjoy with your family and friends. There is also a courtyard between the two buildings on the property and that is where you will find the semi-private pool (heated) and spa. Inside the property there is a comfortable layout with the kitchen, living room, half-bath, and two areas to dine on the first level. The kitchen was remodeled last year; quartz countertops were installed and appliances were upgraded to stainless steel. Upstairs you enter your large master bedroom and bath suite through French doors. The bath has a tub and walk-in shower, along with his and her sinks. The suite has a balcony so that you can enjoy the winter weather with a book and, perhaps, your preferred beverage. Lots of floored attic space can be accessed from the master closet. There is a laundry room upstairs, perfectly placed between the master and guest rooms. The two guest rooms share access to another balcony that faces the private alley and other properties on the block. The guest bathroom rounds out the upstairs area. This is luxury living and you will feel it immediately upon your arrival. Whether you are looking for your new Florida home, winter retreat, or an investment until you are ready to make that move; this is the one for you. Unlike many properties downtown, the association offers a generous rental policy (12 leases per year) that goes into effect immediately upon purchase; no one, two-, or three-year waiting period. Leave the apartment and hotel feel of some properties to the actual hotels. Located in the X-500 Flood Zone, compare that to the other properties you are looking at downtown. This property. . . Feels. Like. Home.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,599,992 | $1,599,992 | $1,599,992 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.333% | 6.876% | 6.936% |
Monthly Tax Payment | $500 | $500 | $500 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,378 | $10,378 | $14,158 |
Total Monthly Payment | $11,003 | $11,003 | $14,783 |
* 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.