Featuring an array of tropical foliage, this oversized corner lot encompassing nearly 20, 000 sq. ft offers Buyers an expansive building envelope to construct a new residence of sizeable proportions, all the while less than one mile from the exclusive Moorings Beach Park. Such an excellent location puts discerning Buyers not only a mere minute from the beach, but also provides a strategic location that is nestled right in between the fabulous Fifth Avenue shopping / dining to the south and Waterside Shoppes to the north. Currently presiding on the parcel is a charming home that is being sold in As-Is condition. Often referred to as Naples' most desirable community, Moorings residents benefit in having a voluntary membership to the private Moorings Beach Park which totes a sugar sand coastline, restrooms, and picnic area. This incredible opportunity additionally benefits from being in the "X" flood zone and did not receive any water intrusion from Hurricane Ian.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,400,000
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 | $1,920,000 | $1,920,000 | $1,920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.406% | 6.762% | 6.830% |
Monthly Tax Payment | $437 | $437 | $437 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,453 | $12,294 | $16,857 |
Total Monthly Payment | $13,015 | $12,856 | $17,419 |
* 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.