Rare Investment Opportunity in the Heart of Olde Naples. This . 17-acre lot in prestigious downtown Olde Naples includes three existing structures—a main house and two guest cottages, each with its own paved driveways with rear alley access—providing the potential to restore the dwellings or build a new, expansive residence. Zoned R3-12, the property offers the unique potential to build two attached dwellings or a single, expansive residence. Whether you envision a single-story retreat, a grand two-story home, or want to restore the existing structures to their former charm, this lot offers endless possibilities for creating your ideal beach haven in one of Naples’ most sought after neighborhoods. Located just a few blocks from pristine Gulf of Mexico beaches, opportunities like this are becoming increasingly rare in downtown Naples. Situated in the highly coveted Naples Historic District, you’re just a short walk to 5th Ave South and 3rd Street South, where you can enjoy world-class dining, endless entertainment, charming boutiques, antique stores, and upscale shopping! With its unbeatable location, just two blocks from miles of stunning white sand beaches, you’re also minutes from iconic landmarks like the Naples Pier, Cambier Park, Tin City, the Naples City Dock, and vibrant cultural events including art shows, car shows, free concerts at Cambier Park, live entertainment, and holiday parades and events- including art shows, car shows, free concerts at Cambier Park, and seasonal parades on 5th Ave South. Picture starting your day with a morning swim at the beach, watching the glorious Naples Sunset from the beach everyday- that seems exclusive to Naples, or strolling to nearby cafés and shops, all just minutes from your front door. This is an ideal setting to create your dream coastal retreat. Surrounded by multi-million dollar homes, this rare lot offers a once-in-a-lifetime opportunity to create your ideal lifestyle in the heart of Olde Naples, where luxury, history, and charm seamlessly come together. Don’t miss your chance to own a piece of property in this highly sought-after location. Opportunities to build in this prime location are becoming increasingly harder to find. With its unparalled lifestyle, walkability, and proximity to some of the best beaches and amenities in the country, this property offers a coveted chance to experience the best of Naples living. With an average winter temperature in the low 70s, it’s the ideal destination for those seeking exclusivity and convenience in a beachfront setting. Experience the epitome of Naples living, where luxury knows no bounds and every day feels like a blissful getaway! This property offers endless potential and is an unparalleled investment opportunity! The 3 structures sustained about a foot of water damage and is being sold "as is" for lot value. Incredible location for an opportunity to re-build near the beach! Just a few short blocks to Naples Beach & the pier!
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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 | $2,632,000 | $2,632,000 | $2,632,000 |
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 | $116 | $116 | $116 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,071 | $16,853 | $23,109 |
Total Monthly Payment | $17,312 | $17,094 | $23,350 |
* 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.