692 W Lake DR, Naples, FL, 34102 | $3,995,000

Priced to Sell - Great Opportunity! Experience Olde Naples charm at 692 W Lake Dr! This beautifully renovated 3 bedroom plus den, 2 bathroom cottage style home with single stall garage blends classic appeal with modern upgrades, offering a warm and inviting living space just waiting for you to enjoy, all within steps of 5th Avenue South and Gulf beaches! From the moment you arrive, you’ll be drawn in by the home’s character and its timeless charm, which was thoughtfully updated with the most recent renovations completed in 2023. Inside, warm wood flooring flows throughout the main living areas and bedrooms, creating an elegant yet cozy atmosphere. This home is the perfect cottage retreat or an ideal pied-à-terre, offering charm, comfort, and convenience in a beautiful setting. Designed with an open and seamless flow throughout the main living areas, it’s perfect for entertaining or simply enjoying the space to its fullest. The kitchen features honed blue azure quartzite counters, sleek new cabinets, and top-of-the-line Miele, Cafe, and Asko appliances. A wet-bar off the eat-in-kitchen offers additional cabinet storage, counter space, a beverage chiller and stand-alone ice maker, with direct lanai access for easy indoor-outdoor living. The primary bedroom is a tranquil retreat, complete with custom window treatments, a walk-in closet and an additional closet. The upgraded ensuite bath was remastered with a glass enclosed shower, dual sink vanity, and fresh tile work that brings a spa-like feel. The second and third bedrooms each offer ample closet space and share an updated bathroom with all-new fixtures and finishes. A Samsung front-loading washer and dryer make laundry day a breeze, while the Lutron lighting automation system brings modern convenience to your fingertips. The fully screened wrap around lanai is perfect for sipping morning coffee or unwinding in the evening, while the partially fenced backyard offers space for a future pool. With its blend of charm and modern updates, this home is a rare find in the heart of Naples.

Features

  • Amenities: None
  • Bedrooms: 3
  • Baths: 2 full
  • Style: 1 Story/Ranch
  • Development: OLDE NAPLES
  • Year Built: 1951
  • Garage: 1-car Attached
  • Heating: Central Electric
  • Cooling: Central Electric
  • Approx Sq. Feet: 1,241
  • Acreage: 0.17
  • Est. Taxes: $20,959
  • Lot Desc: Other
  • View: Landscaped Area
  • Community Type: Non-Gated
  • Pet Policy: No Approval Needed
  • MLS#: 225015977
  • Buyer Broker Compensation: 2.50%
  • Website: https://www.raveis.com
    /mls/225015977/692wlakedr_naples_fl?source=qrflyer
Courtesy of

William Raveis Family of Services

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.

Leila KallopLuxury Properties Specialist

772.678.9598

Leila.Kallop@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Yokadi MejiaInsurance Sales Director, William Raveis Insurance

561.335.7966

Yokadi.Mejia@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

692 W Lake DR, Naples, FL, 34102

$3,995,000

Leila Kallop

Luxury Properties Specialist

William Raveis Real Estate

Phone: 772.678.9598

Leila.Kallop@raveis.com

Melissa Cohn

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 $3,196,000 $3,196,000 $3,196,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.000% 6.375% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.811% 6.475% 6.309%
Monthly Tax Payment $1,747 $1,747 $1,747
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $19,162 $19,939 $27,186
Total Monthly Payment $21,034 $21,811 $29,058

* 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.