THIS HOME WILL COMMENCE CONSTRUCTION IN APRIL WITH ANTICIPATED COMPLETION BY SPRING 2025. A NEARLY COMPLETED LEIGHTON MODEL IN CAMBRIDGE PARK IS AVAILABLE TO TOUR BY APPOINTMENT ONLY! The Leighton model is a 3 BR/Den/3. 5BA home being built by award winning London Bay Homes in the gated North Naples community of Cambridge Park at Orange Blossom. Within this private boutique neighborhood of 17 homes, the Leighton is situated on a beautiful private homesite with lush landscaping. This open and spacious floorplan with over 2900 square feet of living area consists of 3BR/3. 5BA and a spacious den/flex space, a chef inspired gourmet kitchen featuring Sub Zero/Wolf appliances, spacious dining area with built in bar for entertaining, and a Grand great room with alcove ceiling detail enhanced with led lighting to create the perfect ambiance. The expansive covered outdoor space and saltwater pool featuring a soothing waterfall make indoor/outdoor living a breeze! With high level custom finishes and luxury engineered hardwood floors throughout the entire home, London Bay has created a coastal oasis that would impress even the most discerning buyers. The open great room plan includes 10' tall sliding glass doors that lead to a lanai equipped with an upscale outdoor kitchen overlooking the picturesque custom pool with waterfall feature. The home's master suite features a luxurious bathroom with freestanding soaking tub, walk-in shower, dual vanities and two enlarged walk-in closets. The conveniently located pool bath also acts as a powder room for the main living area. Including the two-car oversized garage and outdoor living and dining areas, the Leighton offers over 4000 total square feet. Cambridge Park offers low maintenance living at its best with landscape and pool maintenance included in the professionally managed Homeowners Association. 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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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 | $2,816,000 | $2,816,000 | $2,816,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.876% | 6.850% |
Monthly Tax Payment | $514 | $514 | $514 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $18,265 | $18,265 | $24,724 |
Total Monthly Payment | $18,904 | $18,904 | $25,363 |
* 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.