725 W Lake DR, Naples, FL, 34102 | $9,888,000

The “ Friendly Snowman “ is the name of this Old Naples Lakefront in town residence.  Undeniably one of the most desirable locations just 1 block to 5TH Ave shopping and 41 restaurants and a short stroll to 3rdStreet shopping & beach. Five bed rooms, study, 7 bathrooms, game room, pool/spa and 2 car garage with soaring height for lifts, and all of the toys.  It’s a story book setting as you sit out on front porch overlooking the gardens and beautiful tree lined drive all outlined with colorful flowers. Step inside to this high quality two story home 5, 077 Sq Ft. with new wood floors, interior paint , textured decor walls, beamed ceilings, & french doors. Chefs kitchen includes two islands, plus wine bar that makes entertaining easy. Gas range/ oven, with hood and designer mirror back splash. Spacious laundry room plus separate walk- in pantry. New solar panels to save energy cost. The family room opens to screened-in lanai NEW (picture frame) over looking  Spring Lake with spectacular view of dazzling fountain complete with summer kitchen, bar, and bath. First floor-study, primary suite with 3 walk-in closets and his & hers water closets and walk-in shower & separate free standing tub.  
Second floor/ 4 en-suites, billiards room plus open air balcony perfect for sunbathing overlooking the lake. No home owner fees and walking distance to the beaches, Cambier Park with an outside amphitheater concerts, tennis, playground, Naples Playhouse, marina, Bakers park green way bike trails, museums, art galleries and world class dining. Only 10 minutes to Naples Jetport for Private flights.

Features

  • Amenities: Internet Access,See Remarks,Sidewalk
  • Rooms: 14
  • Bedrooms: 5
  • Baths: 6 full / 1 half
  • Style: 2 Story,See Remarks
  • Development: OLDE NAPLES
  • Year Built: 2008
  • Garage: 2-car Attached
  • Heating: Central Electric,Zoned
  • Cooling: Ceiling Fans,Central Electric,Zoned
  • Approx Sq. Feet: 5,077
  • Acreage: 0.26
  • Est. Taxes: $44,287
  • Lot Desc: Regular
  • View: Lake
  • Community Type: Non-Gated
  • Water Front: Yes
  • Private Pool: Yes
  • Pet Policy: No Approval Needed
  • MLS#: 224096920
  • Website: https://www.raveis.com
    /eprop/224096920/725wlakedr_naples_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 COLDWELL BANKER REALTY

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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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725 W Lake DR, Naples, FL, 34102

$9,888,000

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 $7,910,400 $7,910,400 $7,910,400
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.209% 6.750% 6.664%
Monthly Tax Payment $3,691 $3,691 $3,691
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $50,651 $50,651 $68,908
Total Monthly Payment $54,467 $54,467 $72,724

* 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.