60 foot private balcony overlooking 5th Avenue South South

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490 5th St. S 203, Naples, FL 34102

$5,700,000 Sold

Beds
3
Baths
3½
Sq Ft
2,490
Built
2018

MLS# 223067235 Listed at $5,950,000 Sold February 13, 2024

Fees & taxes

Annual fees
$21,672
Seller’s 2022 taxes
$31,696

Community

Olde Naples
Building Residences at 5th & 5th

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Listing description

The Residences at 490 5th & 5th is the premier residential address on 5th Ave South in historic downtown Naples. This superb property features a landscaped rooftop with numerous amenities including a luxurious swimming pool, hot tub, and spacious deck. A dining terrace on the roof features a fire pit and a grilling area to enjoy social events. The building has a private secured entry, and the elevator from the gated parking garage leads straight to your residential floor. This unit features a southern exposure balcony which stretches the length of the residence, providing outdoor access to all 3 bedrooms and the main living room. The balcony overlooks 5th Avenue and is a perfect spot for entertaining during the many events held downtown. The gourmet kitchen boasts floor to ceiling bespoke walnut inlaid cabinetry, a gas 6 burner Wolf oven, Sub-Zero refrigerator, as well as a wine cooler and breakfast bar. This residence is offered fully furnished, designed by Kira Krumm, and ready for your immediate enjoyment. Detailed design features adorn the home including ceiling treatments, wall covering, custom window covers, and spectacular artwork, all done in a contemporary coastal style.

Property details

Building & ownership

Ownership
Condo
Furnishings
Furnished
Building style
Apartment, Low Rise (1-3)
Floor plan
Split Bedrooms
Construction
Concrete Block, Stucco
Roof
Built-Up
Lot size
0 acres
Lot description
Corner Lot

Interior

Features
Built-In Cabinets, Fire Sprinkler, Laundry Tub, Smoke Detectors, Walk-In Closet(s), Window Coverings
Flooring
Tile
Cooling
Ceiling Fan(s), Central Electric
Bedroom details
Split Bedrooms
Additional rooms
Den - Study, Family Room, Guest Bath, Guest Room, Home Office, Laundry in Residence, Open Porch/Lanai, Recreation

Kitchen & dining

Kitchen
Gas Available, Island
Appliances
Gas Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Refrigerator/Freezer, Refrigerator/Icemaker, Washer, Wine Cooler
Dining
Breakfast Bar, Dining - Living

Outdoor & view

View
City
Rear exposure
South
Exterior
Open Porch/Lanai, Built In Grill, Built-In Gas Fire Pit, Outdoor Kitchen, Storage
Storm protection
Impact Resistant Windows

Parking

Garage
Yes
Car port
No
Spots
2
Description
2 Assigned, Covered, Under Bldg Closed, Attached

Pool & spa

Private pool
No
Private spa
No
Community pool
Yes
Pool description
Community
Spa description
Community

Waterfront

Waterfront
No
Description
None
Gulf access
No
Canal
None
Boat / dock
None

Community amenities

Amenities
Barbecue, Bike Storage, Business Center, Common Laundry, Pool, Spa/Hot Tub, Fitness Center, Storage, Internet Access, Shopping, Sidewalk, Streetlight, Trash Chute, Underground Utility
Elevator
Common
Accessibility
Accessible Full Bath
Security
Security System, Smoke Detector(s), Gated Community, Fire Sprinkler System

What the fees cover

Maintenance
Cable, Insurance, Lawn/Land Maintenance, Legal/Accounting, Manager, Pest Control Exterior, Repairs, Reserve, Sewer, Trash Removal, Water

Pets & leasing

Pets allowed
With Approval
Leases per year
3
Minimum lease
30 days
Restrictions
Deeded

Additional details

Parcel number
17833900085
Potential short sale
No

Listing last updated February 13, 2024

Listing courtesy of Gulf Coast International Prop · 239-434-2558

Destinations & driving times from 490 5th St. S 203

Every destination named here is described in the Destinations chapter of the 2027 Naples Buyer’s Guide.

Driving times are estimated from this home’s location, using OpenStreetMap road data.

Dining & Shopping near 490 5th St. S # 203, Naples, FL 34102 – #223067235, by driving distance
NameMilesETA
Fifth Avenue South 0.4 mi
Third Street South 1.1 mi 3 min
Coastland Center 2.8 mi 8 min
Venetian Village 4.7 mi 11 min
Waterside Shops 5.4 mi 12 min
Mercato 8.2 mi 16 min
Galleria Shoppes at Vanderbilt 8.9 mi 18 min
Coconut Point 18.7 mi 32 min
Miromar Outlets 25.6 mi 37 min
Gulf Coast Town Center 30 mi 41 min

Flood zones & evacuation

Two different things, measured by two different agencies. Evacuation zones are about storm surge and who leaves first. Flood zones are FEMA’s insurance rating, and they vary from home to home.

Hurricane evacuation zone

Zone A Collier

The first zone ordered to evacuate, and the one called in the weakest storms.

Called firstCalled last
FEMA flood zone

Mostly Zone X (shaded)

0.2% annual chance — moderate risk

Most of the lot is outside the Special Flood Hazard Area. Part of the lot lies in another zone.

FEMA flood maps and Collier County Emergency Management. A revised Collier County flood map is in preparation and may change these zones.

A starting point, not a determination. Your lender will require its own flood zone determination before closing, and your insurer will normally require an elevation certificate — a surveyor’s measurement of how high the building actually sits — before quoting. Those documents govern; this does not replace either. Zones can also be amended individually through FEMA.

Flood zones, evacuation, and insurance are explained in the Risk, Resilience & Insurance chapter of the 2027 Naples Buyer’s Guide.

Flood zones across Olde Naples

Jeffrey Waldman

Jeffrey Waldman

REALTOR® and Owner, Naples Abodes

Call (239) 450-3763 Text (239) 450-3763

Florida License SL3295589

“…an absolutely terrific real estate agent.”
Jim & Carmen Kosloski

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