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This premier waterfront property is now available at an aggressively low asking price, offering an unparalleled investment opportunity. To fully appreciate its value, prospective buyers are encouraged to compare it with recently sold or currently listed waterfront properties in the area.
Nestled within the exclusive, gated community of Intracoastal Harbour, this property is located in a small, quaint, 22 home community, primarily multi-million-dollar estates. Set on a spacious ±1-acre lot, the home boasts 170+/- feet of frontage on the picturesque Caloosahatchee River and ±350 feet along a deep-water canal, providing exceptional boating access.
Meticulously maintained, the home is in pristine condition, offering unrivaled privacy and breathtaking waterfront views. The adjacent deep-water canal allows for seamless boating accommodations, making this an ideal retreat for water enthusiasts.
The location is equally desirable—centrally positioned near Sanibel Island, Fort Myers Beach, downtown Fort Myers, major retail and grocery stores, Lee Health Hospital, and top medical facilities. Additionally, the low-traffic setting enhances the property’s exclusivity and tranquility.
What sets this opportunity apart is the combination of a significantly discounted sale price and a guaranteed four-year lease agreement, delivering an estimated 34-41% +/- return on investment. This is a rare, low-risk, blue-chip opportunity for discerning buyers looking for exceptional value in Southwest Florida’s luxury waterfront market. Original owner had the home custom built. **owner to lease-back for 4 years. **
*** The Lee County Property Appraiser has the property 2024 MARKET ASSESSED VALUE AT $2, 339, 083. 00 ***
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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 | $1,516,000 | $1,516,000 | $1,516,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.500% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.637% | 6.540% |
Monthly Tax Payment | $1,118 | $1,118 | $1,118 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,211 | $9,582 | $13,102 |
Total Monthly Payment | $10,454 | $10,825 | $14,345 |
* 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.