Welcome to 506 in the Solamar! With a wide central balcony and breathtaking Gulf views this FULLY FURNISHED fifth-floor condo offers over 2000 square feet of living space! As you enter the foyer you'll be welcomed by REAL WOOD floors throughout. The 31-foot living/dining room is open to a thoughtfully designed kitchen complete with a beverage bar, spacious breakfast area and counter island perfect for entertaining. Several sliding glass doors offer direct access to the enormous balcony so you can enjoy the beautifully painted sunset skies over the Gulf. The oversized primary bedroom suite includes a beautiful bath, ample closet space and additional access to the balcony. A large secondary bedroom suite and a converted room to an office make this 06 floor plan so comfortable for every day living. Solamar has a gulf-side pool and spa, outdoor grilling area, extra storage, fitness room, guest suites, tennis and pickle ball courts, shuffleboard, vehicle wash area and the Park Shore promenade, a private 1. 3-mile paved path to stroll along the beach. Have peace of mind with garage parking, underground utilities and 24-hour lobby staff. Owners can have a pet under 30 pounds and lease two times per year with a 90-day minimum. Boaters can buy or lease a slip from Venetian Bay Yacht Club and after a day on the water, walk to the renowned dining and shopping at Venetian Village down the street. One of the best built properties in Park Shore you can also be confident knowing Solamar sustained no damage from recent storms, there are no upcoming assessments, and the building is in solid financial standing. This home is being sold "turnkey", so you can move right in and enjoy the Naples lifestyle!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,799,000
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 | $1,439,200 | $1,439,200 | $1,439,200 |
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 | $859 | $859 | $859 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,335 | $9,215 | $12,636 |
Total Monthly Payment | $10,319 | $10,199 | $13,620 |
* 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.