MOVE-IN READY and proven to be impervious to hurricanes, both in expert construction and with its rare 16. 3’ elevation above sea level, this is the first of several ‘Modern Farmhouse’ luxury homes in Pine Ridge from developer R. O. I. NAPLES. This is the one that carved a compelling new niche in the market for unique materials, bespoke interior design finishes, and Hamptons-inspired architectural details. Winner of multiple Sand Dollar and Aurora Awards in both interior/exterior design and detailing, this turnkey opportunity is also a rare aesthetic in Naples. A standing seam metal roof, formed cement style portico, stucco board and batten siding, and oversized windows/doors throughout establish this bespoke style. Six Ipe decks and old growth trees compliment the 40’ pool/spa and the outdoor kitchen and living areas. Once inside, it’s the warmth of European oak herringbone floors, the artistic use of reclaimed hemlock on feature walls, and the 23’ tall pitched great room ceiling perched above your eye level that immediately halts your search for a home with an emotional connection. Not a typical 'model home' built to appeal to the masses, 581 Myrtle Road was designed to organically attract that rare and discerning buyer who walks in, recognizes that it is unique and unlike anything else on the market, and immediately must have it. Having the primary suite and a large ‘in-law suite’ on the first floor is perfect for visiting family members. On the second story, two ensuite bedrooms with 12’ vaulted ceilings and a family room with wet bar, optimally maximizes every inch of this near 6K square foot home which was designed and built for comfort and style. Cited in the very center of the popular 94-acre, equestrian style neighborhood of Pine Ridge Estates, a private and peaceful lifestyle is ensured with literally no major road noise. Architectural plans already drawn within the setbacks for a 2-story detached guest house.
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Our Executive Mortgage Banker:
Our Insurance Division:
$8,995,420
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 | $7,196,336 | $7,196,336 | $7,196,336 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.606% | 6.622% | 6.680% |
Monthly Tax Payment | $3,554 | $3,554 | $3,554 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $46,675 | $45,486 | $62,688 |
Total Monthly Payment | $50,354 | $49,165 | $66,367 |
* 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.