Welcome to paradise! Whether relaxing on the lanai admiring the absolutely beautiful water view, taking a dip in the pool, having friends over for food and drinks or having a relaxing night indoors after a fun day in our Naples sunshine this well cared for and move-in ready home ticks all the right boxes. This home is offered turnkey. All you need to do is pack your bags and come on down to start enjoying our Naples lifestyle. And high-expense maintenance items should be of no concern here. The new roof (2019) negates a large future replacement cost and assists in obtaining a lower insurance premium. The new A/C (2023) should provide many years of worry-free performance. Additionally, both the interior and exterior of the home have been recently repainted. Also, the home sits on one of the highest land elevations in the area. This is not a mandatory flood insurance zone. This home offers easy peasy and worry-free living by any measure.
Masters Reserve is ideally located within Lely Resort, considered one of the finest resort-style communities in Naples. The subdivision is very well managed and features beautiful landscaping and low HOA fees. Residing directly between Marco Island and downtown Naples, it is an approximately 10-mile journey in either direction to be on one of our world class, white sand beaches or dining out at a number of prime Naples or Marco Island hot spots. There are also local plazas, with many dining and shopping opportunities within community grounds and/or just a handful of miles away. To top it all off, Lely Resort is known for the incomparable Player's Club & Spa. And this home has no wait list for membership! You can immediately begin enjoying one of the very best resort-style clubhouses around. Great dining, fitness activities, a spa and an endless social activities schedule are at your fingertips.
This is a great home in one of our very best resort communities. Paradise awaits your attendance.
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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 | $735,200 | $735,200 | $735,200 |
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 | 7.333% | 6.876% | 6.936% |
Monthly Tax Payment | $549 | $549 | $549 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,768 | $4,768 | $6,506 |
Total Monthly Payment | $5,409 | $5,409 | $7,147 |
* 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.