The best priced waterfront home in Naples! Incredible opportunity to build or develop the home of your dreams in Royal Harbor. On a deep water canal, this home has Western-exposure providing great afternoon light and gorgeous sunsets. Enjoy the perfect Naples boating lifestyle just minutes away from the restaurants, entertainment, and shopping at 5th Avenue, 3rd Street, and the booming Bayshore district. The serene canal is just minutes from Naples Bay with direct access to the Gulf of Mexico. This tranquil neighborhood allows you to paddle board, kayak, jetski, fish, or just relax in your outdoor backyard paradise. Currently there is a single family home that has been gutted that is included in the price. Total build max allow square footage could be 4, 357 sq ft under air on 2 stories with 3 car garage. Survey available upon request. A lot behind this property of almost identical size about 600 feet away from it sold for $3, 695, 000 and faces East (no sunsets) and that one does not have the dock frontage that this property does. This is an incredible deal! Drone videos are available upon request
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Our Executive Mortgage Banker:
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$1,899,999
William Raveis Real Estate
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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 | $1,519,999 | $1,519,999 | $1,519,999 |
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 | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $1,457 | $1,457 | $1,457 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,859 | $9,733 | $13,346 |
Total Monthly Payment | $11,440 | $11,314 | $14,927 |
* 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.