Discover an exceptional opportunity to invest in the vibrant and rapidly growing area of Naples, FL. This is one of two adjacent lots being sold, Lot 38 is 0. 23 acres measuring 75 x 136 feet and lot 40 which is 0. 24 aces measuring 75 x 140, MLS #224066483. These 2 lots are not a part of any HOA but are nested right next to a newly constructed HOA community, providing a sense of community, added appeal for the street and offering great potential for residential development. You have the opportunity to purchase both lots to combine the two into three for a nominal fee at the county office, enhancing your development options. The land is clean and ready for residential construction, making it a hassle-free choice for your next project. Naples is renowned for its appealing real estate market and growing community. These lots are ideally located off Bayshore Drive, on a tranquil dead-end street, providing a unique opportunity to be part of the vibrant Bayshore Arts District. This area is undergoing significant redevelopment, including the future Performing Arts Center dedicated to Luciano Pavarotti.
Highlights of the Surrounding Area:
-Dining, shopping and Entertainment: Enjoy a diverse range of culinary options at local restaurants and the Celebration Food Truck Park. Discover charming boutique shops and take advantage of additional dining, shopping, and entertainment options just a short drive away at Hamilton Harbor, 5th Ave, and 3rd Street.
-Recreation: Located just 0. 8 miles from the Naples Botanical Garden, these lots are close to an array of recreational amenities. Bayview Park, with its boat ramp and 4-acre site along Naples Bay, is only 5 minutes away. Soon, you'll be able to enjoy the newly approved boardwalk connecting Bayshore Drive to Sugden Regional Park across a 17-acre tract. Discover the World Championship Pickleball Center, visit Ankrolab Brewing Co. , and be among the first to experience the new Gulfshore Playhouse, opening soon just 8 minutes away.
Whether you’re aiming to build your dream home or invest in a high-potential area, these lots offer a fantastic opportunity. Don’t miss out to be at the heart of Collier County’s most exciting developments!
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William Raveis Mortgage, LLC
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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 | $359,600 | $359,600 | $359,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.412% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,453 | $2,390 | $3,059 |
Total Monthly Payment | $2,528 | $2,465 | $3,134 |
* 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.