391 Palermo CIR, Fort Myers Beach, FL, 33931 | $6,895,000

A true Bayfront masterpiece on Estero Island, this estate is like no other. Set on nearly half an acre, this newer built home offers 4, 791 sq ft of luxurious living space and 180 feet of prime waterfrontage. From the moment you step through the front door, you’ll be captivated by breathtaking Bay views, with yachts and sailboats gliding by. This home and waterway offers some of the best accommodation in SWFL for large vessels including rare deep-water access to the Gulf of Mexico and a dock with room for a 52-foot yacht, with ample space for a larger boat or potential to extend the dock to accommodate a much larger yacht. Just an 8-minute walk (0. 4 miles) to Beach Access 35, it’s a beach and boater’s paradise. This extraordinary residence boasts all hurricane impact windows and doors, a 4-car garage, soaring ceilings, and beautiful travertine and white oak inspired floors. The 2, 488 sq ft courtyard, an outdoor oasis, is perfect for both relaxation and entertaining, featuring a saltwater pool with a tanning shelf and water features, spa, grotto-style outdoor shower, cabana bar (with seating for 6+ people, beverage center, sink & icemaker), fire pit, and fireplace. A private fishing pier adds the perfect touch for sunbathing or fishing. The courtyard’s strategic layout separates the luxurious primary wing from the guest wing, offering privacy for both family and visitors. Inside the primary wing, you’ll find a newly remodeled coastal contemporary kitchen, seamlessly flowing into the living room with a modern fireplace & fully pocketing sliders that open to the tropical paradise beyond. The chef’s kitchen is a dream, featuring dual islands, stunning quartz countertops, white cabinetry, white-tiled backsplash, and high-end appliances. Adjacent to the kitchen, an intimate formal dining room surrounded with backlit custom wine racks awaits. The primary suite offers a private retreat, with direct access to an open-air balcony overlooking the water—perfect for morning coffee. A private sitting area with its own fireplace that could also serve as a generous size office or an additional sleeping area and a spa-like bathroom with dual vanities, a separate jetted tub, and a spacious walk-in shower complete the suite. The guest wing is equally impressive, offering three bedrooms, a living area with a fireplace, a kitchenette, and a private open-air balcony. Panoramic water views are visible from nearly every window! Additional features include an 800 lb buried propane tank and electric interior shades. This exceptional property is ideally located on Estero Island, walking distance to top-tier restaurants and shops. Palermo is a prime street with multiple luxury new construction homes underway. Experience the pinnacle of luxury bayfront living in this spectacular home.

Features

  • Amenities: None
  • Bedrooms: 4
  • Baths: 3 full / 1 half
  • Style: 2 Story
  • Development: VENETIAN GARDENS
  • Year Built: 2013
  • Garage: 4-car Attached
  • Heating: Central Electric,Zoned
  • Cooling: Ceiling Fans,Central Electric,Exhaust Fan,Zoned
  • Approx Sq. Feet: 4,848
  • Acreage: 0.45
  • Est. Taxes: $42,260
  • Lot Desc: Irregular Shape,Oversize
  • View: Bay,Canal,Intersecting Canal
  • Community Type: Boating
  • Water Front: Yes
  • Boat Access: Boat Dock Private,Captain's Walk,Composite Dock,Dock Included,Elec Avail at dock
  • Private Pool: Yes
  • Pet Policy: No Approval Needed
  • MLS#: 224098227
  • Website: https://www.raveis.com
    /eprop/224098227/391palermocir_fortmyersbeach_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 John R Wood Properties

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

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
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

391 Palermo CIR, Fort Myers Beach, FL, 33931

$6,895,000

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 $5,516,000 $5,516,000 $5,516,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.375% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.209% 6.498% 6.579%
Monthly Tax Payment $3,522 $3,522 $3,522
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $35,320 $34,413 $47,672
Total Monthly Payment $38,967 $38,060 $51,319

* 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.