Welcome to 242 Newport Drive, Unit 504, a pristine ground-floor condo nestled in the serene waterfront enclave of Port of the Islands! This exquisite 3-bedroom, 2-bathroom residence offers an unparalleled living experience, where nature's beauty meets comfort and luxury. As you step into this well-maintained unit, you're greeted by breathtaking views of lush mangroves and tranquil waters, visible right from your front door. The living space opens up to a panorama of Florida's vibrant wildlife – from dolphins and manatees to tarpon, eagles, ospreys, egrets, ibis, and herons. Your backyard becomes a live canvas, painting a new picture of natural wonders every day. This condo doesn't just offer a view; it invites you into a laid-back lifestyle. With your own assigned boat slip just steps from the lanai, adventure is always within reach. Whether you choose to explore the backwaters of the Ten Thousand Islands, relax on secluded natural beaches, or sail into the open waters of the Gulf of Mexico, each day brings a delight of leisure activities. Designed for comfort and ease, this unit boasts a move-in-ready condition, allowing you to immediately start enjoying your new home. The added convenience of a detached single-car garage ensures your vehicle and storage needs are met with ease. The sense of community at Port of the Islands is palpable, with a community pool just a short walk away - a perfect spot to mingle with neighbors and friends. When you're ready to venture out, the vibrant scenes of Marco Island and downtown Naples are just 20-30 minutes away, offering a rich array of lifestyle options from dining and shopping to entertainment and cultural experiences. This condo is more than just a home; it's a gateway to a life of relaxation, adventure, and natural beauty. Don't miss the opportunity to make this property your new haven in paradise!
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Our Executive Mortgage Banker:
Our Insurance Division:
$439,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $351,200 | $351,200 | $351,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | $479 | $479 | $479 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,191 | $2,134 | $2,775 |
Total Monthly Payment | $2,745 | $2,688 | $3,329 |
* 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.