On the sw corner of 1st Ave S and 5th St S this . 23 acre homesite is high and dry.
Ideally located in the X500 flood zone which makes for the perfect setting to create your new residence. Beautiful mature banyan and palms adorn the lot.
Imagine all of the fantastic possibilities in designing your own piece of Paradise right
in the heart of Old Naples. No need for a car as you are just a short stroll to 5th Ave S where you will find fabulous dining and shopping experiences.
Enjoy 1st Ave S beach as you are mere steps away.
Space to easily accommodate over a 4000sf dwelling with 4 bedrooms 4. 5 baths,
a mother-in-law suite including loft with elevator, and additional laundry room upstairs and of course a spectacular pool, and 2 car attached garage from your alley.
Sketched by MHK
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$3,900,000
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 | $3,120,000 | $3,120,000 | $3,120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.200% | 6.748% | 6.786% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $20,757 | $19,978 | $27,393 |
Total Monthly Payment | $20,882 | $20,103 | $27,518 |
* 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.