Opportunities like this are incredibly rare. This prestigious two-acre estate in Marco Island's sought-after Estate section offers approximately 260 feet of Barfield Bay frontage with nearly 300 feet of depth and up to 21 feet of elevation, making it one of the highest and most unique properties in Southwest Florida. Among majestic black, red, and white mangroves and dogwoods, this property is a nature enthusiast’s haven, where a custom-designed boardwalk could weave through the tranquil landscape and has the ability to construct buildable docks with permitting, both lots. With natural sand dune contouring, the site offers endless possibilities for an architect's creativity, imagine a luxurious residence with multiple elevations, walkout basements or under-home parking, all above the floodplain and requiring no flood insurance with both lots in flood zone X. This expansive property is ideal for those seeking extreme privacy and seclusion, with the potential for gated access and landscaping to create a hidden retreat. Enjoy all-day viewing of vibrant wildlife and stunning bayfront vistas, and immediate direct water access, ideal for world-class fishing, boating, and exploring Marco Island's 10, 000 Islands and the Gulf of Mexico. Two separate one-acre adjoining lots that can be sold together or individually. Parcel IDs: 841-25830280004 and 849-58106640002. Whether you envision a private waterfront estate or a creative architectural masterpiece, this property represents a once-in-a-lifetime opportunity to own a significant piece of Southwest Florida real estate. Schedule your private tour today to experience the unparalleled beauty and potential of this extraordinary property.
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$11,400,000
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 | $9,120,000 | $9,120,000 | $9,120,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $58,396 | $56,897 | $78,820 |
Total Monthly Payment | $58,521 | $57,022 | $78,945 |
* 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.