Rare opportunity! One of only two condos of this design in the coveted Cove Inn could be yours! Experience the ultimate Naples lifestyle in this beautiful turnkey-furnished one bedroom, one bathroom condo on the third floor of this iconic Olde Naples property. Perfectly situated in one of the most picturesque locations on Naples Bay, the Cove Inn community offers a premier combination of waterfront beauty and Olde Naples convenience. With professional management, the Cove Inn is an ideal investment opportunity for remote owners, featuring rental pool participation and enhanced equity in the resort compound. Rent it, enjoy it, or both. Your choice! The spacious master bedroom boasts excellent closet space, while the full kitchen, living room with wet bar, full bath and expansive, breezy balcony provide all the comforts of home. Throughout the apartment, you will find Olde Florida charm in the cypress and stone walls. Cool and quiet central air-conditioning ensures year-round comfort, and the unit’s peaceful, secluded location offers a serene retreat. Enjoy a delicious breakfast at the Cove Inn’s renowned coffee shop, relax with friends and a cool drink at the members-only chickee bar, enjoy a meal next door at The Dock or The Boathouse, known for their great food, value, and water views, or take a short stroll to bustling Fifth Avenue South or Third Street South, with great restaurants, boutiques, and galleries, the newly-renovated Sugden Theatre, coffee shops, parks, tennis courts, the Naples beach, and more. Everything you need is just blocks away, making this a special opportunity for luxury and convenience in the heart of downtown Naples.
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Our Executive Mortgage Banker:
Our Insurance Division:
$600,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $480,000 | $480,000 | $480,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | $409 | $409 | $409 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,113 | $3,073 | $3,986 |
Total Monthly Payment | $3,614 | $3,574 | $4,487 |
* 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.