This coastal cottage in same family since 1955, is located in the desirable South Naples area and sits on a lushly landscaped lot. Perfect for boating enthusiasts, this POOL home is just steps from Bayview Park, Windstar and Hamilton Harbor, offering a convenient boat launch, fuel, stunning views of Naples Bay, and a picturesque waterway connecting to downtown Naples and Port Royal. The home was affected by flooding from Hurricane Milton, but immediate mitigation efforts were taken, including professional removal of damaged drywall, ensuring the property is ready for restoration or tear down and rebuild. Prior to Milton this home was renovated and permitted with a new roof.
With a sunny southern exposure, the home includes 2 bedrooms plus a den (or 3 bedrooms) and 1 bath, along with a spacious covered patio perfect for year-round relaxation or entertaining. The backyard is a private oasis featuring a beautifully landscaped pool and patio, surrounded by mature tropical trees and greenery. A spacious driveway, a recently replaced roof, and a beautiful white privacy fence add to the property's appeal.
With no HOA or fees, this property is ideal for embracing the Naples lifestyle, rebuilding, or customizing it to your vision. Conveniently located near 5th Avenue, beaches, boating spots, Bayview Park, Downtown Naples, the Botanical Gardens, fine dining, and world-class shopping, this coastal cottage offers great potential as a permanent residence, seasonal retreat, or investment opportunity.
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Our Executive Mortgage Banker:
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$389,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $311,200 | $311,200 | $311,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | $48 | $48 | $48 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,123 | $2,068 | $2,668 |
Total Monthly Payment | $2,246 | $2,191 | $2,791 |
* 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.