Extremely rare opportunity to own a legacy property in Pine Ridge Estates. Regarded by many as the best lot in Pine Ridge, offerings like this only come to market once a generation. Located in the quiet enclave of Ridge Court, discover a modern home built to exacting standards by BCB Homes in collaboration with Dyehouse & Geshay. 427 Ridge Court is situated on 2. 09 acres with Southwestern exposure on Mockingbird lake. The peninsula shaped parcel provides unparalleled privacy with 443 feet of water frontage. This is the single, largest waterfront property on Mockingbird lake. If all properties in Pine Ridge Estates were available, this site would be the first chosen. While the asking price is based off land value, the home is well conceived and may be of real interest to many. This house has done extremely well with short term rentals. Plan your new home while generating income to reduce expenses! Flood zone X. High and dry, no need to worry about hurricanes here! New and improved price! There may be an opportunity to subdivide lot as current survey shows over two acres. Schedule your private viewing today for one of the rarest offerings in Naples.
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Our Executive Mortgage Banker:
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$8,995,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $7,196,000 | $7,196,000 | $7,196,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.333% | 6.876% | 6.936% |
Monthly Tax Payment | $5,557 | $5,557 | $5,557 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $46,673 | $46,673 | $63,678 |
Total Monthly Payment | $52,355 | $52,355 | $69,360 |
* 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.