A find. A perfectly-proportioned, intelligently-priced, single-story main house with quality finishes, significant updates and sophisticated design, 3, 377 sq. ft. under air, offering the perfect combination of private and public space, indoors and out. This villa with elevation of x is situated on The Villas at La Palma’s western cul-de-sac, a very private location in the community not damaged by flooding. The home’s southwestern exposure means many hours of sun on the freeform pool, the expansive paved deck with multiple entertainment areas and the spa. Of note in the main house: a grand master suite with large walk-in shower and beautifully fitted master closet (85 sq. ft. ), a large salon with 15’ volume ceilings, and, adjoining the well-appointed kitchen, a large dining/family room area. Also, one spacious guest bedroom, ensuite, with fitted walk-in closet; a study with views of the entry courtyard and pool; a smaller guest suite suitable for a bedroom but now used as a fitness space; and, a half bath.
In the separate two-story cabana/guest house with private access from the entry courtyard, a spacious first-floor living room with kitchenette and full bath and, on the second floor, a large bedroom loft (350 sq. ft. ) with additional space for a sitting room or office. Two-bay garage with extra storage. Lush landscaping, beautifully lit for maximum atmosphere at night, and a view to the east of La Palma’s peaceful water feature and rock garden.
Residents in Bay Colony which is located within the sought after-beachfront community of Pelican Bay enjoy private beach access with hospitality services on the sand via the recently remodeled members-only Bay - Colony Beach Club; dining at the BC restaurant and use of the Bay Colony tennis center. IN addition, BC resident have access to all of the amenities that Pelican Bay has to offer - two additional private beach restaurants and over two miles of Gulf-front coastline. Also nearby: the elegant Waterside Shops and Artis-Naples, a world-class performing arts center to the south and on the beach to the north, The Ritz Carlton-Naples.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,800,000
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 | $3,040,000 | $3,040,000 | $3,040,000 |
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% | 6.745% |
Monthly Tax Payment | $1,918 | $1,918 | $1,918 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $19,465 | $19,465 | $26,482 |
Total Monthly Payment | $21,508 | $21,508 | $28,525 |
* 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.