Welcome to 15118 Frescott Way in Mediterra, the ultra exclusive gated golf community renowned for its timeless and elegant Santa Barbara-inspired architecture. This 4 Bedroom + Den, 5. 5 Bath home is truly an entertainer's dream. Enter from the expansive motor court through dramatic wrought iron gates into a tranquil and elegant courtyard with fountain and mature plantings. Formal living room with soaring ceilings and gas fireplace overlooks the private outdoor living area. Formal dining room is ideal for entertaining and family dinners. The bright and open informal living area boasts a true chef's eat-in kitchen replete with wood-paneled Subzero and Asko appliances, Wolf 6-burner gas range, butler’s pantry, wet bar and even a wine cellar. Gorgeous informal living and dining area with walls of glass opens out to the large covered and screened-in lanai overlooking the 15th hole with a pool and spa with waterfalls, multiple seating areas, outdoor kitchen/bar and gas fireplace seamlessly blending indoor/outdoor living.
Private home office with handsome custom built-ins and convenient powder room. The Master Suite is a true sanctuary. Spacious bedroom includes a sitting area with gas fireplace opens out to lanai and pool. The en-suite bathroom is a true oasis reminiscent of an elegant hotel bath replete with separate vanities, separate water closet, bidet, oversized walk-in shower with dual shower heads, Jacuzzi tub and a steam room. Dual walk-in closets with custom built-ins.
Upstairs features a spacious club room with custom built-ins with an elegant bar is the ideal media room complete with wall of glass opening out to a terrace. Additional spacious guest suite completes this floor. This home is equipped with a central vacuum system, multiple A/C zones, and a tankless hot water heater. 3-car attached garage with epoxy floor plus great storage.
This renowned and desirable community with 1700 acres of pristine and mature landscaping, preserve, winding streets and several optional club membership packages including the gorgeously renovated and newly opened beach club on nearby Bonita beach. Mediterra is ideally located in North Naples, and just a short drive to the beach as well as the prominent dining & shopping experiences of Mercato, Waterside Shops and 5th Avenue. Truly exceptional. This home is available for rent as well.
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Our Executive Mortgage Banker:
Our Insurance Division:
$6,995,000
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 | $5,596,000 | $5,596,000 | $5,596,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $4,485 | $4,485 | $4,485 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $35,832 | $36,296 | $49,133 |
Total Monthly Payment | $40,442 | $40,906 | $53,743 |
* 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.