This exceptional property, nestled in the heart of Olde Naples, boasts an unparalleled location just three blocks from the beach and four blocks from the vibrant 5th Avenue South. Tucked away on a tranquil street with coveted alley access, this property offers both convenience and privacy. Remarkably, the home has never experienced flood damage from any hurricane or storm, thanks to its rare and highly desirable "X" Flood Zone designation. With no HOA requirements, this property offers unparalleled freedom to design and enjoy your home without restrictive rules or additional fees.
The existing historic cottage-style residence features 3 bedrooms, and 2 baths is in need of TLC and is being sold "as is, " presenting an extraordinary opportunity for renovation or redevelopment. Spanning approximately 9, 000 square feet, the lot provides ample space to build your dream home, complete with room for a pool.
Olde Naples is a neighborhood like no other, exuding a timeless charm that seamlessly blends history, luxury, and the beauty of coastal living. Picture yourself meandering down coconut palm-lined streets, where nearly every avenue—such as 1st Avenue South—leads to the sparkling shores of the Gulf. This enchanting area features a harmonious mix of architectural styles, from quaint cottages to opulent estates, all within a leisurely stroll of upscale boutiques, renowned restaurants, and world-class art galleries. With its vibrant social energy and serene coastal ambiance, Olde Naples offers an unparalleled lifestyle, embodying the very essence of Naples living at its finest.
This expansive 9, 000-square-foot lot in the heart of Olde Naples presents an extraordinary opportunity to craft your dream home in one of the most coveted locations in Southwest Florida. Envision designing a luxurious sanctuary with an open, airy layout, a chef’s kitchen, and a resort-style pool—steps from the pristine beach and the lively 5th Avenue South. The possibilities are as limitless as your imagination. Whether you dream of a timeless coastal retreat, a sleek modern showpiece, or a thoughtfully reimagined historic cottage, this property offers the perfect canvas to bring your vision to life. Immerse yourself in the Olde Naples lifestyle and create a home that embodies your style, aspirations, and desires.
Seize this rare chance to craft your own piece of paradise in one of Naples' most sought-after neighborhoods!
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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 | $2,999,920 | $2,999,920 | $2,999,920 |
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 | 7.559% | 6.723% | 6.847% |
Monthly Tax Payment | $1,876 | $1,876 | $1,876 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $19,457 | $19,209 | $26,339 |
Total Monthly Payment | $21,458 | $21,210 | $28,340 |
* 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.