IN THE HEART OF NAPLES Available with LAKE VIEW! Attention Buyers , Buy now and build NOw or Buy and park your money and build later. this is the last oversized parcel of a rare & exclusive upcoming re-development area - a unique opportunity to own the last 1. 03 acre of land, As the entire 5-acre area undergoes rezoning and redevelopment into ultra-luxury properties, this last 1. 03-acre parcel becomes even more valuable. This land is situated in the heart of a highly sought-after location and is the final property in an already luxurious thriving area. Surrounded by new luxurious homes(Palisades, Cambridge Park, Ilregalo)2. 9 miles from the beach, bike to Publix, library, DMV, target, food in Thought, butchers, Walgreens, Mercato, and i-75. Don't wait & miss out on the chance to be the owner of this exceptional and scarce piece of real estate. Act now and secure it. This is an opportunity not to be missed. Don't hesitate -and see your investment soar. A 5. 9 million dollar home is being built right next door. Not showing the home, not selling the home it's the 1. 03 acres that leading attraction for this listing. The more they build the more valuable the land becomes. This area is perfect location to build your dream home. Price subject to change as DOM.
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Our Executive Mortgage Banker:
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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 | $2,150,000 | $2,150,000 | $2,150,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.406% | 6.864% | 7.058% |
Monthly Tax Payment | $149 | $149 | $149 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,945 | $13,945 | $19,026 |
Total Monthly Payment | $14,219 | $14,219 | $19,300 |
* 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.