NOT LISTED FOR SALE

388 5th St S Unit 203 Naples, FL 34102

Old Naples Neighborhood

Estimated Value: $3,495,012 - $3,656,000

3 Beds
3 Baths
2,704 Sq Ft
$942/mo HOA Fee

Last Sold February 28, 2022

Last sale price $3,975,000 $1,470 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $21,667/month

3 Days on Market

Highlights

  • Pool View
  • Community Pool or Spa Combo
  • Elevator
  • Lake Park Elementary School Rated A
  • Den
  • Bike Room

About This Home

As of February 2022

Glamorous Olde Naples Penthouse in boutique complex of 17 residences just one block from 5th Avenue and 4 blocks from Naples Beach. Unique offering of a one-of-a-kind downtown condominium. Over 2700 square feet of impeccably, fully renovated living space. Two private light and bright Lanai spaces for sunrise and sunset. Modern, open floor plan featuring gourmet chef's kitchen, custom cabinetry, Christallo Quartzite counters and backsplash. Additional features include Versace flooring, hand painted Italian porcelain Versace tiled showers. Fine art crystal and Murano glass chandeliers. Stunning foyer with backlit, marble entry pieces creating a striking first impression. Floor plan is receptive to casual as well as formal entertaining, all overlooking a tropical courtyard with two pools and hot tubs.

Last Agent to Sell the Property

Jim & Kathleen Murdoch

Waterfront Realty Group Inc License #NAPLES-249516458 Listed on: 01/25/2022

Waterfront Realty Group Inc

Last Buyer's Agent

Sherry Irvin

Premier Sotheby's Int'l Realty License #NAPLES-610500288

Premier Sotheby's Int'l Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,146

Year Built

  • Built in 2002

Lot Details

  • East Facing Home
  • Sprinkler System

HOA Fees

  • $942 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener

Home Design

  • Concrete Block With Brick
  • Stucco
  • Tile

Interior Spaces

  • 2,704 Sq Ft Home
  • 1-Story Property
  • Custom Mirrors
  • Ceiling Fan
  • Single Hung Windows
  • Arched Windows
  • Sliding Windows
  • Den
  • Pool Views

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Built-In Bedroom Cabinets
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Home Security

Outdoor Features

  • Balcony
  • Courtyard

Schools

  • Lake Park Elementary School
  • Gulfview Middle School
  • Naples High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 11550000125

Community Details

Overview

  • 6 Units
  • Low-Rise Condominium
  • Lantana Condos

Amenities

  • Community Barbecue Grill
  • Elevator
  • Bike Room
  • Community Storage Space

Recreation

  • Community Pool or Spa Combo

Pet Policy

  • Pets up to 100 lbs
  • Call for details about the types of pets allowed

Security

  • High Impact Windows
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,146

Year Built

Built in 2002

Lot Details

0

HOA Fees

$942 per month

Parking

2

Listing Details

  • Legal Description: LANTANA IN OLD NAPLES A CONDOMINIUM UNIT 203
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.142519$-81.800728$323.00$13.33$1.00$PIHat9La6MsKNY-Cd5y1Zg
  • Building Design: Low Rise (1-3)
  • Storm Protection: Impact Resistant Doors, Impact Resistant Windows
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Furnished Description: Unfurnished
  • Num Unit Floor: 3
  • Price Per Sq Ft: 1470.04
  • Total Floors: 1
  • Additional Rooms: Balcony, Guest Bath, Guest Room, Laundry in Residence, Den/Study
  • Estimated Living Area: 2704
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Bedrooms: 3+Den
  • Total Bedrooms: 3
  • Elevator: Common
  • Equipment: Auto Garage Door, Dishwasher, Disposal, Microwave, Refrigerator/Icemaker, Self Cleaning Oven, Smoke Detector, Washer
  • Floor Plan: Other
  • Interior Amenities: Bar, Built-In Cabinets, Cable Prewire, Closet Cabinets, Custom Mirrors, Foyer
  • Windows: Arched, Impact Resistant, Single Hung, Sliding

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Tile
  • Construction: Concrete Block
  • Irrigation: Reclaimed
  • View: City, Landscaped Area, Pool/Club
  • Exterior Features: Courtyard, Sprinkler Auto
  • Exterior Finish: Stucco

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 2

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Management Company Phone: 239-591-1057
  • Approval: Application Fee
  • Management: Professional
  • Mandatory HOA: Yes
  • Sub Condo Name: LANTANA
  • Maintenance: Fidelity Bond, Insurance, Irrigation Water, Lawn/Land Maintenance, Legal/Accounting, Manager, Pest Control Exterior, Recreational Facilities, Reserve, Trash Removal
  • Master Hoa Fee: 2826.77
  • Master HOA Fee Frequency: Quarterly

Association/Amenities

  • Pets: Limits
  • Pets Limit Max Weight: 100
  • Pets Limit Other: 2
  • Development: Olde Naples
  • Amenities: BBQ - Picnic, Bike Storage, Community Pool, Community Spa/Hot tub, Extra Storage
  • Units In Building: 6
  • Total Number of Units: 17

Schools

  • Elementary School: LAKE PARK ELEMENTARY
  • Middle School: GULFVIEW MIDDLE SCHOOL
  • High School: NAPLES HIGH SCHOOL
  • Elementary School: Lake Park Elementary
  • High School: Naples High School
  • Middle School: Gulfview Middle School

Lot Info

  • Builder Product: No
  • Lot Unit: 203
  • Section: 4
  • Total Area: 3629
  • Waterfront: No
  • Rear Exposure: East
  • Lot Description: Zero Lot Line
  • Parcel Number: 11550000125

Rental Info

  • Lease Limits: Yes
  • Leases Per Year: 3
  • Min Days Of Lease: 30

Tax Info

  • Tax Description: City And County
  • Taxes: 14146.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2022
Closed on
Feb 28, 2022
Sold by
Loffredo and Michelle
Bought by
John M And Eileen M Barth Community Trust
Seller's Agent
Jim & Kathleen Murdoch
Waterfront Realty Group Inc
Buyer's Agent
Sherry Irvin
Premier Sotheby's Int'l Realty
List Price
$3,775,000
Sold Price
$3,975,000
Premium/Discount to List
$200,000
5.3%
Current Estimated Value
$3,570,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$404,329
Avg. Annual Appreciation
-3.19%

Purchase Details

Closed on
Oct 27, 2020
Sold by
Miller David J and Brennan Miller Maureen
Bought by
Loffredo Kenneth and Loffredo Michelle

Purchase Details

Closed on
Apr 7, 2015
Sold by
388 Fifth St South Llc
Bought by
Miller David J and Brennan Miller Maureen

Purchase Details

Closed on
Jul 8, 2014
Sold by
White Bonnie L
Bought by
388 Fifth St South Llc

Purchase Details

Closed on
Jul 28, 2011
Sold by
White Bonnie L
Bought by
White Bonnie L

Purchase Details

Closed on
May 22, 2002
Sold by
Lantana Dev Group L L C
Bought by
White Arthur K and White Bonnie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$772,000
Interest Rate
6.98%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
John M And Eileen M Barth Community Trust $3,975,000 Roetzel & Andress Lpa
Loffredo Kenneth $2,295,000 Accommodation
Miller David J $1,858,000 Sunbelt Title Agency
388 Fifth St South Llc $1,300,000 Attorney
White Bonnie L -- Attorney
White Arthur K $1,105,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner White Arthur K $772,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2022 02/28/22 Sold $3,975,000 +5.3% $1,470 / Sq Ft
01/28/2022 01/28/22 Pending -- -- --
01/25/2022 01/25/22 For Sale $3,775,000 -- $1,396 / Sq Ft
Source: Naples Area Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $21,305 $2,302,350 $0 $2,302,350
2022 $13,930 $1,459,152 $0 $0
2021 $14,146 $1,416,652 $0 $0
2020 $14,562 $1,434,430 $0 $1,434,430
2019 $14,722 $1,434,430 $0 $1,434,430
2018 $14,695 $1,434,430 $0 $1,434,430
2017 $14,373 $1,394,965 $0 $1,394,965
2016 $14,024 $1,355,500 $0 $0
2015 $12,599 $1,184,485 $0 $0
2014 $11,934 $1,108,710 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 222004522

Naples Area Board of REALTORS®

APN: 11550000125