517 Devils LN, Naples, FL, 34103 | $3,500,000

ATTENTION shrewd investors and builders seeking a prime investment prospect, take a look at this . 32 acre oversized lot on one of the few lakes in Park Shore. This original family-owned property is being sold AS-IS for lot value and offered in its current condition (the home is livable). This home/parcel has not been available for sale for 40 years. Grab your chance to make a strategic move in the thriving coastal Park Shore community of Naples, Florida. This exceptional property is positioned closely to Park Shore's private membership beach which is NOT mandatory (see confidential comments) and the renowned Venetian Village, offering upscale shopping and dining at its finest. Boating enthusiast? As an owner in Park Shore you can lease or purchase a boat dock at the Venetian Bay North Yacht Club (depending on availability). Unleash your creative vision and capitalize on an irresistible opportunity, this parcel is ready to be your canvas to design and build your coastal Naples, FL dream home. Great area for families as the schools are in "A" rated.

Features

  • Amenities: Beach - Private,Private Membership
  • Bedrooms: 4
  • Baths: 3 full
  • Style: 2 Story,See Remarks,Traditional
  • Development: PARK SHORE
  • Year Built: 1977
  • Garage: 2-car Attached
  • Heating: Central Electric
  • Cooling: Ceiling Fans,Central Electric
  • Approx Sq. Feet: 3,506
  • Acreage: 0.32
  • Est. Taxes: $4,457
  • Lot Desc: Oversize
  • View: Lake
  • Community Type: Non-Gated
  • Water Front: Yes
  • Elem. School: SEAGATE ELEMENTARY
  • Middle School: GULFVIEW MIDDLE SCHOOL
  • High School: NAPLES HIGH SCHOOL
  • Private Pool: Yes
  • Pet Policy: No Approval Needed
  • MLS#: 224067939
  • Website: https://www.raveis.com
    /eprop/224067939/517devilsln_naples_fl?source=qrflyer
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William Raveis Family of Services

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888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

517 Devils LN, Naples, FL, 34103

$3,500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $2,800,000 $2,800,000 $2,800,000
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 $371 $371 $371
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $18,161 $18,161 $24,777
Total Monthly Payment $18,657 $18,657 $25,273

* 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.