550 SHALIMAR STREET, Marco Island, FL, 34145 | $2,700,000

Waterfront, Indirect Gulf access, 15 mins through Caxambas Pass, approx. 3600 sf, TURNKEY. Close to the beach, great day/night life area, restaurants and shops. Meticulously kept inside and out. Located in a highly desirable neighborhood. Large corner lot (. 36 acres), One owner, long water views, western exposure, large dock, 2 boat lifts & 1 Davit lift, Large beautiful tiki hut, Room for a pool, 2 bedroom efficiency, studio efficiency, Lots of space to entertain friends and family.
UPPER LEVEL features- 3 bedroom, den, 3 full bathrooms, open floor plan, spacious, airy and bright through kitchen, dining and living area. Cozy little den to relax, read a book or make a cocktail. Lots of closets & storage areas. Large screened in balcony with stairs.
LOWER LEVEL features- Concrete/marine board through out, spacious 2 bedroom, 1 full bath, kitchen, living room and eat in kitchen efficiency with sliders. Another Studio with 1 full bathroom efficiency with sliders(Neds TLC), 2 car garage (compact), large long tool room/shed and much, much more. It's a must see property!!! Everything stays just bring your clothes and have a blast. . . . . before you decide what to do with the AMAZING LOT! Investors Dream!!

Features

  • Amenities: None
  • Rooms: 17
  • Bedrooms: 3
  • Baths: 3 full
  • Lot Size: 160x153x100x95
  • Laundry: Washer Dryer Hookup
  • Style: Stilt
  • Year Built: 1987
  • Garage: 2-car
  • Heating: Electric, 2 or More Systems, Central Heating
  • Cooling: 2 or More Systems, Ceiling Fan(s), Central Air
  • Approx Sq. Feet: 2,127
  • Acreage: 0.36
  • Lot Size: 160x153x100x95
  • Est. Taxes: $4,783
  • Lot Desc: Corner Lot
  • View: Canal, Long Water
  • Water Front: Yes
  • Appliances: Oven, Built-In Gas Oven, Dishwasher, Dryer, Freezer, Ice Maker, Microwave, Range, Refrigerator, Refrigerator With Ice Maker, Washer
  • MLS#: 2242386
  • Days on Market: 4 days
  • Website: https://www.raveis.com
    /eprop/2242386/550shalimarstreet_marcoisland_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of Marco Island Area Association of REALTORS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing courtesy of Independent Brokers Realty   Phone: 239-389-1711

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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:

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550 SHALIMAR STREET, Marco Island, FL, 34145

$2,700,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,160,000 $2,160,000 $2,160,000
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 7.260% 6.762% 6.790%
Monthly Tax Payment $399 $399 $399
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $14,010 $13,831 $18,965
Total Monthly Payment $14,534 $14,355 $19,489

* 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.