A rare opportunity to experience a piece of paradise in the heart of Olde Naples! This property offers an unbeatable location just two blocks from the pristine beaches of the Gulf of Mexico, seven blocks from lively 5th Avenue South and very close to medical facilities and schools. Tucked away on a tranquil street, it is uniquely situated across the rear alley from another property for sale by the same owner—creating endless possibilities for family living. Picture having loved ones just across the alley—close yet with the privacy of separate homes—and the chance to share outdoor spaces for gatherings and relaxation. Situated in the rare "X" Flood Zone, the property has never sustained any hurricane or storm damage, offering invaluable peace of mind in an area known for its weather challenges. With no HOA restrictions, you’ll have the freedom to enjoy your property without the added burden of fees or rules. This beautiful house features 5 bedrooms, a den, and 3 bathrooms, along with a saltwater, heated pool. Olde Naples is a neighborhood like no other, seamlessly blending historic charm with coastal luxury. Just a short stroll away, you'll find upscale boutiques, world-class dining, and renowned art galleries. With its vibrant social energy and peaceful coastal ambiance, Olde Naples embodies the very best of Southwest Florida living.
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Our Executive Mortgage Banker:
Our Insurance Division:
$8,600,000
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 | $6,880,000 | $6,880,000 | $6,880,000 |
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 | $2,666 | $2,666 | $2,666 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $45,773 | $44,053 | $60,406 |
Total Monthly Payment | $48,564 | $46,844 | $63,197 |
* 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.