Welcome to 242 Newport Drive, Unit 504 – a stunning ground-floor condo in the peaceful waterfront community of Port of the Islands! This immaculate 3-bedroom, 2-bathroom residence offers a blend of luxury, comfort, and breathtaking natural surroundings. From the moment you enter, you'll be captivated by the serene views of lush mangroves and tranquil waters right outside your door. The living space opens up to a world of Florida’s vibrant wildlife, where dolphins, manatees, tarpon, eagles, ospreys, egrets, ibis, and herons make frequent appearances, offering a dynamic display of nature's wonders. Perfect for those who love the water, this condo includes an assigned boat slip just steps from your lanai, making it easy to explore the backwaters of the Ten Thousand Islands, discover hidden beaches, or set sail into the Gulf of Mexico. The unit is move-in ready, allowing you to immediately embrace the laid-back lifestyle this exceptional community provides. In addition to its stunning views and convenient boating access, the property features a detached single-car garage for easy parking and extra storage. The sense of community at Port of the Islands is strong, with a nearby pool offering the perfect spot to relax and connect with neighbors. Located just 20-30 minutes from the world-class dining, shopping, and entertainment of Marco Island and downtown Naples, this condo provides the perfect balance of seclusion and convenience. Don't miss this rare opportunity to own a piece of paradise where adventure and tranquility meet.
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Our Executive Mortgage Banker:
Our Insurance Division:
$439,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $351,200 | $351,200 | $351,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $479 | $479 | $479 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,337 | $2,334 | $2,962 |
Total Monthly Payment | $2,891 | $2,888 | $3,516 |
* 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.