This completely renovated three-bedroom end-unit has incredible third floor Moorings Bay views from every room! Wake up each morning to the colorful sunrise and dolphins playing, and that evening walk directly across the street to put your feet in the sand and bask in the gorgeous sunsets Naples is known for. This bay-front retreat features a redesigned open floor plan, luxury white oak vinyl flooring throughout, recessed lighting, plantation shutters and so much more. Boasting an expanded kitchen with quartz countertops, decorative tile and glass backsplash, under-cabinet lighting, a large island, bar area and stainless steel LG appliances. Located directly on the Bay in The Moorings, Madrid Club just finished a complete remodel of their luxury amenities. Residents enjoy a beautiful bay-front pool and bbq area, party deck, stunning social room with full kitchen, library, fitness center, and kayak racks and launching pad. Boaters have the option to buy or lease a slip from another owner. Have peace of mind with impact windows and sliders, in-unit laundry, secure entrance, under-building parking, and onsite manager. Owners are allowed two leases per year with a 90-day minimum. After a day on the water, Madrid Club is only a short ride to the renowned dining and shopping at Venetian Village, 5th Ave S and 3rd St S.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,585,000
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 | $1,268,000 | $1,268,000 | $1,268,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.876% | 6.850% |
Monthly Tax Payment | $639 | $639 | $639 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,224 | $8,224 | $11,133 |
Total Monthly Payment | $8,988 | $8,988 | $11,897 |
* 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.