198 Caribbean Road, a truly magnificent estate home built with no expense spared by Borelli Construction, a premier luxury builder with over 4 decades of experience and excellence in Naples. Designed and furnished top to bottom by Carrie Brigham Design. This modern tudor is perfect for entertaining with its grand foyer overlooking reflection pools and long views to the separate pool house, extensive indoor and outdoor speaker system, temperature-controlled glass wine room, dining room with an expansive table, oversized marble and oak wet bar with beverage and wine fridges, and chef’s kitchen, not to mention the large game room with two bars, custom pool table, lounge seating and game table plus half bath. The kitchen’s top of the line appliances include a 36” SubZero refrigerator, 36” SubZero freezer, and 60” Wolf gas range. The main suite enjoys views of the reflection pools, has a convenient morning bar, and two separate generously sized closets. From the great room, pocketing sliders lead to the covered lanai with electric screens and storm shutters. The study has herringbone flooring with built in cabinets and white oak beams flanked by three large windows. The open outdoor kitchen provides service to guests inside the lanai as well as those on the massive pool deck flooded with southern sun with wrap around bar seating and a fireplace. A separate guest house includes a kitchenette, living/dining area plus a private bedroom suite. Unique details including the twelve foot tall euro wall sliding doors, beveled stone in kitchen island, wet bar stone shelving with integrated lighting, extensive use of white oak plank ceilings, custom made light fixtures, and over the top primary wet room exhibit the highest level of craftsmanship. Other features include a whole-house generator and reverse osmosis, extensive camera system, Lutron lighting and Control4 automation system, new septic & well, two 1, 000 gallon gas tanks, low VOC paint used throughout, & five and a half car air conditioned garage. This home is conveniently located in the Pine Ridge neighborhood which is centrally located within Naples and provides easy access to shopping and dining.
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$13,700,000
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 | $10,960,000 | $10,960,000 | $10,960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.000% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.838% | 7.141% | 6.997% |
Monthly Tax Payment | $1,247 | $1,247 | $1,247 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $73,840 | $72,917 | $96,986 |
Total Monthly Payment | $75,212 | $74,289 | $98,358 |
* 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.