Here’s a rare opportunity to acquire three exceptional large-acreage lots, totaling 7. 26 acres, in the heart of Naples, FL. Situated within the Pine Ridge community, the two parcels are located at 22 East Avenue and 50 East Avenue. The 22 East Avenue property consists of two lots, offering a combined 4. 73 acres of open land with wooded views. There is potential to subdivide this parcel into two separate, 2+ acre lots, providing excellent options for development for your most discerning clients. Directly to the north, at 50 East Avenue, lies a 2. 53-acre lot, bordered by mature pines and oaks and featuring a serene pond. This beautiful 2. 53 acre lot with a large pond is perfect for creating a private estate with a custom-built residence. Many homeowners today find that living in coastal waterfront homes is a big risk with the recent storms that have caused flooding and property damage. This location offers the best of both worlds: a tranquil setting that’s still within easy reach of Old Naples, Gulf Beaches, top-tier restaurants, and shops. It’s also conveniently located near I-75 and the Fort Myers International Airport, making it an ideal choice for those seeking both privacy and accessibility. As land in Naples, especially east of I-75, becomes increasingly scarce, this property presents an exceptional opportunity for those looking to invest in one of the most sought-after areas in Florida. Whether you're searching for a private retreat or a prime location for development, these three lots offer limitless potential. Call me today to learn more about how you can turn this dream property into a reality.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$9,000,000
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 | $7,200,000 | $7,200,000 | $7,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $46,699 | $46,102 | $63,216 |
Total Monthly Payment | $46,824 | $46,227 | $63,341 |
* 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.