Welcome to a Boater's Paradise in Oyster Bay, where luxury meets convenience in this south-facing waterfront condominium. This rarely available unit in The Boathouse building offers stunning water views from every room. With 6 units and 2 stories, this high and dry building has weathered recent hurricanes, including IRMA, IAN, Helene, and now Milton with resilience including zero flooding and zero insurance claims. Step into this first-floor residence with nearly 1, 200 square feet of air-conditioned space, featuring two bedrooms with ensuite baths, including a walk-in shower and full-sized bathtub. Included with the residence is up to 27 feet of boat dock space equipped with water and electricity. Relax and unwind on the recently expanded 500-square-foot covered deck while enjoying tranquil canal views. Notable features of this updated unit include custom Impact Glass windows and doors for safety, privacy, and climate control, along with tile and wood floors, plantation shutters, a private den area, and a separate storage and laundry room. New linked smoke detectors ensure your comfort and safety, with over $35, 000 invested in upgrades since this residence was on the Market earlier this year. Dock your boat right in your backyard and enjoy direct gulf access from Naples Bay, with no bridges to navigate. Embrace the Naples lifestyle by biking to Tin City and 5th Avenue for world-class dining and exploring the Naples beautiful beaches. Oyster Bay stands as one of Naples' best-kept secrets, offering a perfect blend of waterfront living and urban convenience.
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Our Executive Mortgage Banker:
Our Insurance Division:
$629,000
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 | $503,200 | $503,200 | $503,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $307 | $307 | $307 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,348 | $3,344 | $4,315 |
Total Monthly Payment | $3,747 | $3,743 | $4,714 |
* 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.