16791 Elkhorn Coral DR, North Fort Myers, FL, 33903 | $445,455

Under Construction - Welcome to your new home at Coral Bay by D. R. Horton. Coral Bay is our newest gated community in North Ft. Myers, FL and is in one of the best locations! This is D. R. Horton’s Tradition Series. The Shelby Plan offers 2, 221 sq ft of living space with 3 bedrooms, den and 2. 5 baths!! Need more garage space? This home offers a “tandem” (32’ deep) 2 car garage, perfect for that extra storage! The open floor plan is comfortable or elegant, whichever you prefer, with a large great room and tray ceiling. The primary bedroom also boasts a tray ceiling, spacious double vanity with under mount sinks, with solid surface countertops, large soaking tub, walk in shower and has two large walk-in closets. Stainless kitchen appliances; impact windows throughout! NO FLOOD INSURANCE REQUIRED. Low Homeowner’s Insurance through D. R. Horton Insurance. Full one year warranty through the builder and 10-year structural warranty! Coral Bay offers low HOA fees, and a low annual CDD fee. Enjoy the beautiful amenities right in your own neighborhood, bocce ball, pickle ball, resort style pool, beautiful modern clubhouse and tot lot and splash pad area. North Ft. Myers is a growing area, close to medical facilities, schools, shopping, downtown River District, downtown Punta Gorda, dining and other Florida attractions.

Features

  • Amenities: Bocce Court,Clubhouse,Community Pool,Community Room,Exercise Room,Internet Access,Lap Pool,Pickleball,Play Area,Sidewalk,Streetlight,Tennis Court,Underground Utility
  • Rooms: 6
  • Bedrooms: 3
  • Baths: 2 full / 1 half
  • Style: 1 Story/Ranch
  • Development: CORAL BAY
  • Year Built: 2024
  • Garage: 2-car Attached
  • Heating: Central Electric,Heat Pump
  • Cooling: Central Electric,Heat Pump
  • Approx Sq. Feet: 2,221
  • Acreage: 0.13
  • Est. Taxes: $800
  • Master HOA Fee: $128
  • Lot Desc: Regular
  • View: Landscaped Area
  • Community Type: Gated
  • Elem. School: ZONE B
  • Middle School: ZONE B
  • High School: ZONE B
  • Pet Policy: Limits
  • MLS#: 224089659
  • Website: https://www.raveis.com
    /prop/224089659/16791elkhorncoraldr_northfortmyers_fl?source=qrflyer
Copyright © 2024  The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright Southwest Florida MLS organizations. All rights reserved.
Courtesy of DR Horton Realty SW FL LLC

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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16791 Elkhorn Coral DR, North Fort Myers, FL, 33903

$445,455

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $356,364 $356,364 $356,364
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.055% 6.160%
Monthly Tax Payment $67 $67 $67
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,371 $2,341 $2,983
Total Monthly Payment $2,513 $2,483 $3,125

* 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.