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$8,995,000

Beds
6
Baths
6.0
sq ft
5,831

427 Ridge Ct, Naples, FL 34108

427 Ridge Ct

Naples, FL 34108

  • 37 days on market
Extremely rare opportunity to own a legacy property in Pine Ridge Estates. Regarded by many as the best lot in Pine Ridge, offerings like this only come to market once a generation. Located in the quiet enclave of Ridge Court, discover a modern home built to exacting standards by BCB Homes in collaboration with Dyehouse & Geshay. 427 Ridge Court is situated on 2.09 acres with Southwestern exposure on Mockingbird lake. The peninsula shaped parcel provides unparalleled privacy with 443 feet of water frontage. This is the single, largest waterfront property on Mockingbird lake. If all properties in Pine Ridge Estates were available, this site would be the first chosen. While the asking price is based off land value, the home is well conceived and may be of real interest to many. This house has done extremely well with short term rentals. Plan your new home while generating income to reduce expenses! Flood zone X. High and dry, no need to worry about hurricanes here! New and improved price! There may be an opportunity to subdivide lot as current survey shows over two acres. Schedule your private viewing today for one of the rarest offerings in Naples.

Details

Property type

Single Family Residence

Est. home value

$9,236,271

Lot size

2.09 acres

Price per sq ft

$1,543

Year built

1997

Annual property taxes

$66,679.72

HOA

No

Price History

11/15/2024

FGCMLS #224092460

Listed
$8,995,000
+14892.92%
07/10/2024
NABOR

NABOR #223052058

Removed
$59,995
07/17/2023
NABOR

NABOR #223052058

Listed
$59,995

Schools & Community

Neighborhood: 

Pine Ridge

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

1

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Ghy Usa Inc

Loan start date

February 2023

Original loan amount

$2,850,000

Est. remaining balance

Not provided

Interest rate

6.31%

Loan type

Building or Construction Loan

Seller

Robert Riess and Barbara Riess

Lender

Robert T Edwards

Loan start date

July 2008

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

5.98%

Loan type

Stand Alone Second, 20 year

Seller

Robert Riess and Barbara Riess

Lender

Tib Bank

Loan start date

May 2008

Original loan amount

$2,500,000

Est. remaining balance

Not provided

Interest rate

5.87%

Loan type

Not Provided, 30 year

Seller

Robert Riess and Barbara Riess

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/23/2024 at 11:15 AM

Listing updated: 12/10/2024 at 7:05 PM

Listed by: Dan Riess, Compass Florida LLC Phone #: (305) 851-2820

MLS: FGCMLS #224092460

FGCMLS logo

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