NOT LISTED FOR SALE

490 5th St S Unit 203 Naples, FL 34102

Old Naples Neighborhood

Estimated Value: $4,751,366 - $5,377,000

3 Beds
3.5 Baths
2,490 Sq Ft
$1,806/mo HOA Fee

Last Sold February 13, 2024

Last sale price $5,700,000 $2,289 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $33,025/month

128 Days on Market

Highlights

  • Deck
  • Recreation Room
  • Furnished
  • Lake Park Elementary School Rated A
  • Outdoor Kitchen
  • Community Pool or Spa Combo

About This Home

As of February 2024

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.

Last Agent to Sell the Property

Adam Carriero

Gulf Coast International Prop License #NAPLES-249510125 Listed on: 09/15/2023

Last Buyer's Agent

Mary Catherine White

Downing Frye Realty Inc. License #NAPLES-249511906

Downing Frye Realty Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $31,696

Year Built

  • Built in 2018

Lot Details

  • South Facing Home
  • Gated Home

HOA Fees

  • $1,806 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • 2 Parking Garage Spaces
  • Deeded Parking
  • Secure Parking

Home Design

  • Garden Apartment
  • Flat Roof Shape
  • Concrete Block With Brick
  • Stucco

Interior Spaces

  • 2,490 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Furnished or left unfurnished upon request
  • Ceiling Fan
  • Family Room
  • Combination Dining and Living Room
  • Home Office
  • Recreation Room
  • Storage
  • Tile Flooring

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Dual Sinks
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Home Security System
  • Intercom

Outdoor Features

  • Deck
  • Patio
  • Outdoor Kitchen
  • Lanai
  • Fire Pit
  • Attached Grill

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 17833900085

Community Details

Overview

  • 11 Units
  • Low-Rise Condominium
  • Residences At 5Th & 5Th Condos
  • Olde Naples Community

Amenities

  • Community Barbecue Grill
  • Trash Chute
  • Business Center
  • Laundry Facilities
  • Elevator
  • Lobby
  • Bike Room
  • Community Storage Space

Recreation

  • Exercise Course
  • Community Pool or Spa Combo

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Card or Code Access
  • Phone Entry
  • High Impact Windows
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$31,696

Year Built

Built in 2018

Lot Details

0

HOA Fees

$1,806 per month

Parking

2

Listing Details

  • Legal Description: RESIDENCES AT 5TH & 5TH A CONDOMINIUM UNIT 203
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.141607$-81.800563$344.91$13.33$1.00$CAoSLEFGMVFpcFBkQXREYzJqTFNyWUVrUjdzcmhVdEx4a3BDUS1EY1BCTUoteWVV
  • Building Design: Low Rise (1-3)
  • Building Description: Garden Apt
  • Storm Protection: Impact Resistant Windows
  • Year Built: 2018
  • Property Information: 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.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Furnished Description: Furnished
  • Num Unit Floor: 2
  • Price Per Sq Ft: 2289.16
  • Total Floors: 3
  • Additional Rooms: Den/Study, Family Room, Guest Bath, Guest Room, Home Office, Laundry in Residence, Open Porch/Lanai, Recreation
  • Estimated Living Area: 2490
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Bedroom Description: Split Bedrooms
  • Bedrooms: 3+Den
  • Total Bedrooms: 3
  • Dining Room: Breakfast Bar, Living Dining
  • Elevator: Common
  • Equipment: Auto Garage Door, Cooktop - Gas, Dishwasher, Disposal, Dryer, Intercom, Microwave, Range, Refrigerator, Refrigerator/Freezer, Refrigerator/Icemaker, Security System, Smoke Detector, Washer, Wine Cooler
  • Flooring: Tile
  • Floor Plan: Split Bedrooms
  • Interior Amenities: Built-In Cabinets, Cable Prewire, Fire Sprinkler, Internet Available, Laundry Tub, Smoke Detectors, Walk-In Closet, Window Coverings
  • Kitchen: Gas Available, Island
  • Primary Bathroom: ADA Accessible, Dual Sinks, Separate Tub And Shower
  • Windows: Impact Resistant

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Built-Up Or Flat
  • Construction: Concrete Block
  • Irrigation: Central
  • View: City
  • Exterior Features: Built In Grill, Built-In Gas Fire Pit, Deck, Outdoor Kitchen, Patio, Storage
  • Exterior Finish: Stucco

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 2
  • Parking: 2 Assigned, Covered, Under Bldg Closed

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Security: Entry Keypad, Entry Phone, Entry TV, Secured Garage, Gated, Lobby
  • Sewer: Central
  • Water: Central
  • Gas Description: Natural

Condo/Co-op/Association

  • Management Company Phone: 239-370-3944
  • Approval: Buyer
  • Management: Condo
  • Mandatory HOA: No
  • Restrictions: Deeded
  • Sub Condo Name: RESIDENCES AT 5TH & 5TH
  • Condo Fees: 5417.93
  • Condo Fee Frequency: Quarterly
  • Maintenance: Cable, Insurance, Lawn/Land Maintenance, Legal/Accounting, Manager, Pest Control Exterior, Repairs, Reserve, Sewer, Trash Removal, Water
  • Development Name: OLDE NAPLES

Association/Amenities

  • Pets: With Approval
  • Development: Olde Naples
  • Amenities: BBQ - Picnic, Bike Storage, Business Center, Common Laundry, Community Pool, Community Spa/Hot tub, Exercise Room, Extra Storage, Internet Access, Shopping, Sidewalk, Streetlight, Trash Chute, Underground Utility
  • Community Type: Gated
  • Units In Building: 11
  • Total Number of Units: 11

Lot Info

  • Builder Product: No
  • Section: 4
  • Total Area: 3283
  • Waterfront: No
  • Rear Exposure: South
  • Lot Description: Corner
  • Parcel Number: 17833900085

Rental Info

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

Tax Info

  • Tax Description: City And County
  • Taxes: 31695.88
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2023
Closed on
Feb 13, 2024
Sold by
Kahn Eli and Kahn Jeanne
Bought by
Declaration Of Trust and Baird
Seller's Agent
Adam Carriero
Gulf Coast International Prop
Buyer's Agent
Mary Catherine White
Downing Frye Realty Inc.
List Price
$5,950,000
Sold Price
$5,700,000
Premium/Discount to List
-$250,000
-4.2%
Views
53
Current Estimated Value
$5,089,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$610,211
Avg. Annual Appreciation
-6.74%
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
Declaration Of Trust $5,700,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2024 02/13/24 Sold $5,700,000 -4.2% $2,289 / Sq Ft
01/21/2024 01/21/24 Pending -- -- --
09/15/2023 09/15/23 For Sale $5,950,000 -- $2,390 / 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 $34,393 $3,343,230 $0 $0
2022 $31,696 $3,039,300 $0 $0
2021 $28,352 $2,763,000 $0 $2,763,000
2020 $27,164 $2,675,850 $0 $2,675,850
2019 $27,216 $2,651,850 $0 $2,651,850
Source: Public Records

Agents Affiliated with this Home

  • Adam Carriero

    Seller's Agent in 2024

    Adam Carriero

    Gulf Coast International Prop

    (239) 641-3876

    5 in this area

    46 Total Sales

    Adam Carriero
    Section Image
  • Mary Catherine White

    Buyer's Agent in 2024

    Mary Catherine White

    Downing Frye Realty Inc.

    (239) 287-2818

    28 in this area

    108 Total Sales

    Mary Catherine White
    Section Image
See All Agents

Map

Source: Naples Area Board of REALTORS®

MLS Number: 223067235

Naples Area Board of REALTORS®

APN: 17833900085

Florida Collier County Naples 34102 Old Naples

490 5th St S Unit 203, Naples, FL

This home is located at 490 5th St S Unit 203, Naples, FL 34102 since 15 September 2023 and is currently estimated at $5,089,789, approximately $2,044 per square foot. This property was built in 2018. 490 5th St S Unit 203 is a home located in Collier County with nearby schools including Lake Park Elementary School, Naples High School, and Gulfview Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Naples Area Board of REALTORS® 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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