This gorgeous home is the only water front property on the market in this price range on Pine Island! The home offers a grand opportunity to be part of the highly desirable boater’s paradise community of Captain’s Cove. This property features the widest channel in Bokeelia and just a minute from Jug Creek, offering easy access to Pine Island Sound, Charlotte Harbor, Boca Grande, and the Gulf of Mexico.
This stilt home boasts an inviting open floor plan with abundant natural light in the living room, kitchen, and dining area. The home offers 3 bedrooms with a den and 2 bathrooms on the upper level, with an additional bedroom and full bath on the lower level(i. e. Studio). The large deck at the back of the home provides relaxing water views, stunning sunsets, and the perfect spot to kick back and enjoy life.
The lower level studio offers multiple opportunities: it can serve as an office, living space for additional family members, college students, in-laws, or as a rental unit. It features its own kitchen, living room, spacious bedroom, and full bathroom. Additionally, the lower level includes a laundry room, enclosed patio, workshop, and ample storage.
The grounds accommodate all kinds of parking, including space for cars, an RV, adult toys, a boat trailer, and a boat dock with a 10, 000-pound lift and the ability to launch kayaks.
There have been many upgrades in the last year totaling over $100K (excluding labor): over 60 clusia plants have been planted for privacy, along with a navel orange tree and hibiscus plants. A steel-framed boat canopy was installed by Coastline Boat Lift Covers, and the dock was upgraded with blue lights and a KayaArm for kayaks. A fully enclosed workshop with two sliding barn doors was constructed, and the carport was enclosed to create a large storage room that can be converted into a living space. Other improvements include a full screened-in back porch, an extra-long (80’) and wide (20’) limestone rock driveway with underlayment (weed-free) bordered with 4”x6” timber for RV parking or a boat, lined with clusia plants, a granite rock pathway and border edging, extensive landscaping, cute exterior shutters, a lighthouse mailbox, a 3x12 ft concrete slab for waste and recycle cans, upgraded electric panels, a newer A/C unit upstairs with updated duct work, a newer dishwasher, and a remodeled upstairs bathroom.
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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 | $816,000 | $816,000 | $816,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.545% | 6.748% | 6.932% |
Monthly Tax Payment | $697 | $697 | $697 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,293 | $5,225 | $7,221 |
Total Monthly Payment | $6,115 | $6,047 | $8,043 |
* 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.