490 1st Ave S Naples, FL 34102
Old Naples NeighborhoodEstimated payment $21,216/month
Highlights
- Beach Access
- Corner Lot
- Views
- Lake Park Elementary School Rated A
- No HOA
- Shops
About This Home
A rare opportunity in the heart of Old Naples. This premium .23-acre corner homesite sits at the sw corner of 1st Avenue South and 5th Street South, just 5 blocks from the beach and a short stroll to the world-class dining and boutique shopping of famed Fifth Avenue South. Located in sought after X500 flood plain, 490 1st Ave S offers long-term peace of mind, superior elevation, and build flexibility. No flood insurance required.
Surrounded by mature banyan trees and lush palms, the property provides an inviting tropical landscape with excellent design potential. A private alley allows for rear-entry garage access, enhancing curb appeal while maximizing space for an impressive front façade and expansive outdoor living. Preliminary concept sketches by MHK Architecture illustrate a stunning 4,000+ sq ft custom home featuring 4 bedrooms, 4.5 baths, a private guest suite with elevator access, loft, additional laundry, spectacular pool, and oversized 2-car garage with alley access. Whether you envision timeless coastal architecture, West Indies charm, or a clean modern aesthetic, the design possibilities here are exceptional.
Create your own piece of paradise in one of the most coveted walkable beach neighborhoods in Old Naples.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $27,347
Lot Details
- 10,019 Sq Ft Lot
- 67 Ft Wide Lot
- Corner Lot
Home Design
- House
Additional Features
- Beach Access
- Cable TV Available
- Property Views
Listing and Financial Details
- Assessor Parcel Number 14027760005
- Tax Block 19
Community Details
Overview
- No Home Owners Association
- Olde Naples Subdivision
Amenities
- Shops
- Restaurant
Recreation
- Dog Park
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $27,347 | $3,300,000 | -- | -- |
| 2024 | $30,537 | $3,000,000 | $3,000,000 | -- |
| 2023 | $30,537 | $3,300,000 | $3,300,000 | $0 |
| 2022 | $8,139 | $868,653 | $0 | $0 |
| 2021 | $8,263 | $843,352 | $0 | $0 |
| 2020 | $8,061 | $831,708 | $0 | $0 |
| 2019 | $7,958 | $813,009 | $0 | $0 |
| 2018 | $7,787 | $797,850 | $0 | $0 |
| 2017 | $7,664 | $781,440 | $0 | $0 |
| 2016 | $7,532 | $765,367 | $0 | $0 |
| 2015 | $7,689 | $760,047 | $0 | $0 |
| 2014 | $7,717 | $704,015 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/26/2025 10/26/25 | For Sale | $3,600,000 | +9.1% | -- | |
| 02/14/2022 02/14/22 | Sold | $3,300,000 | +10.0% | $1,928 / Sq Ft | View Prior Sale |
| 01/29/2022 01/29/22 | Pending | -- | -- | -- | |
| 01/17/2022 01/17/22 | For Sale | $3,000,000 | -- | $1,752 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $3,300,000 | Crew Law Pa | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $270,000 | -- | |
| Quit Claim Deed | -- | -- |
Source: Naples Area Board of REALTORS®
MLS Number: 225076866
APN: 14027760005
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The source of this real property information is the copyrighted and proprietary database compilation of the M.L.S. of Naples, Inc. Copyright 2025 M.L.S. of Naples, Inc. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.
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