Nestled on a highly sought-after street in Port Royal, this exceptional property offers incredible eastern exposure. Available for the first time in 40 years, this rare offering presents an opportunity to build your dream home in one of Naples’ most prestigious neighborhoods. The site is perfectly positioned to enjoy warm sunrises over tranquil waters, and cool outdoor entertaining in the evenings. Plus, it’s just minutes from the vibrant lifestyle of downtown Naples. Members of the Port Royal Club will benefit from a newly built private beach club, set to enhance the community's exclusivity. It promises an idyllic setting for relaxation, entertainment, and leisure, further elevating this property’s exceptional appeal. For those looking to build a custom masterpiece, not only is this the ideal canvas but it’s perfect timing. If you move quickly, the exciting new beach club would be slated for completion around the same time as your new home. Don’t miss this rare chance to be part of the Port Royal legacy. Eligible for Resident Port Royal Club Membership.
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Our Executive Mortgage Banker:
Our Insurance Division:
$10,995,000
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 | $8,796,000 | $8,796,000 | $8,796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.296% | 6.622% | 6.680% |
Monthly Tax Payment | $1,106 | $1,106 | $1,106 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $57,051 | $55,597 | $76,623 |
Total Monthly Payment | $58,282 | $56,828 | $77,854 |
* 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.