Large, oversized corner lot located directly at the entrance to Bayshore on the comer of Bayshore Dr and Weeks Ave. Zoned BMUD (Bayshore Mixed Use Development), R1 (Residential), and RMF 6 (Multi-family up to 6 units per acre). This zoning allows for many uses including, Live/Work in the same location all in one site. All located at the entrance of Bayshore Dr. and all that is happening on Bayshore. FDOT counts 17, 000 cars pass by daily. There is currently an Old Florida cottage and guest house located on the property. They are not habitable. Buyer will receive an impact fee credit of over $20, 000 from Collier County when they build a new property on the site. The lot is beautiful with mature vegetation and many mature plants and trees. Property is next to Celebration Park, and close to Rebecca's. Naples Botanical Gardens, Bayview Park, and the Pickleball courts. Bayshore offers great restaurants, bars, and shopping all only about 2 miles to downtown Naples and the beautiful beaches. See why everyone loves Bayshore
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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 | $399,920 | $399,920 | $399,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,728 | $2,658 | $3,373 |
Total Monthly Payment | $2,803 | $2,733 | $3,448 |
* 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.