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Beautifully updated and turnkey furnished, this waterfront condominium at 271 Southbay Drive #222 offers stunning bay views and a fully renovated kitchen, making it the ideal Naples retreat. The kitchen features quartz countertops, shaker cabinets with rollout drawers and shelves, stainless steel appliances and undercabinet lighting. The baths have also been updated with quartz countertops and shaker cabinetry, while the primary suite includes a large walk-in closet for added comfort and convenience. In the heart of Vanderbilt Beach, this residence is ideally positioned next to the upcoming Ritz-Carlton Residences, adding long-term value and prestige to the area. Enjoy morning sunrises over the water, direct access to boating and convenience of your own deeded dock space, new seawall and docks are being installed and fully paid for, with this slip accommodating up to a 25-foot boat, and possibly 30-foot, depending on the make. A new 10, 000-pound two-motor electric boat lift with a deck box is also being installed for the ultimate boating experience. The amenity deck and community pool are being beautifully refinished as well, making this the ideal time to purchase in a growing luxury waterfront neighborhood and capitalize on equity gains as the surrounding area continues to elevate.
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Our Executive Mortgage Banker:
Our Insurance Division:
$799,000
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 | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.025% | 6.132% |
Monthly Tax Payment | $325 | $325 | $325 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,040 | $4,199 | $5,351 |
Total Monthly Payment | $4,457 | $4,616 | $5,768 |
* 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.