242 Newport Dr, #502, Naples, FL, 34114 | $427,500

This first floor, turnkey condo presents a fantastic blend of comfort, convenience, & modern amenities in a tropical setting with a magical view of the Ten Thousand Islands. The living room sets the stage for a relaxing and warm environment with its wood laminate flooring & fresh coat of paint. It offers an ideal space for family gatherings, entertaining, or simply unwinding after a long day. The screened lanai is a great place to enjoy watching the birds, manatee, & dolphin. The kitchen features a new stove & an eat-in counter can be a perfect spot for breakfast, evening snacks, or just casual chit-chats while you prepare your meals. Begin your new chapter in this peaceful waterfront home that offers direct access to the Gulf of Mexico. A floating kayak dock is included.

Features

  • Heating: None
  • Cooling: Central Air,Ceiling Fan(s)
  • Levels: 2
  • Amenities: Pool
  • Bedrooms: 2
  • Baths: 2 full
  • Complex: Sunset Cay Villas II
  • Year Built: 1997
  • Common Charge: $179 Quarterly
  • Est. Taxes: $2,934
  • View: Canal
  • Water Front: Yes
  • Pets Allowed: Yes
  • Pet Policy: Conditional,Yes
  • Appliances: Dryer,Dishwasher,Electric Range,Electric Water Heater,Microwave,Refrigerator,Washer
  • MLS#: A11493754
  • Days on Market: 299 days
  • Website: https://www.raveis.com
    /prop/A11493754/242newportdr_naples_fl?source=qrflyer
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Listing courtesy of EXP Realty   Phone: 888-883-8509

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

242 Newport Dr, #502, Naples, FL, 34114

$427,500

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $342,000 $342,000 $342,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.500% 6.125% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.490% 6.297% 5.597%
Monthly Tax Payment $245 $245 $245
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,162 $2,078 $2,772
Total Monthly Payment $2,481 $2,397 $3,091

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.