$5,300,000
SOLD MAY 31, 2022

490 5th St S Unit 303 Naples, FL 34102

Old Naples Neighborhood
3 Beds
3.5 Baths
2,600 Sq Ft
$1,601/mo HOA Fee

Recently Sold

$2,038 Per Sq Ft

4% Below List Price

18 Days on Market

Highlights

  • Contemporary Architecture
  • Vaulted Ceiling
  • Furnished
  • Lake Park Elementary School Rated A
  • Wood Flooring
  • Community Pool

About This Home

As of May 2022

Exceptional floor plan with spectacular southern exposure, the Residences at 5th and 5th set a new standard for luxury living right on Fifth Avenue South. Imbued with modern sophistication, this third-floor residence features wide-plank oak flooring, detailed moldings and custom window treatments throughout. Exceptional kitchen with crisp white cabinetry, gas cooking and large center island perfect for entertaining. Generous master suite with a floating tub, walk-in closet and private terrace. Enjoy panoramic cityscape views from the rooftop, featuring multilevel sundeck, pool/spa, outdoor grilling area and fire pit. Additional building amenities include a fitness center, board room, resident storage and underground parking.

Last Agent to Sell the Property

Heather Hobrock

Premier Sotheby's Int'l Realty License #NAPLES-249512578 Listed on: 02/14/2022

Premier Sotheby's Int'l Realty

Last Buyer's Agent

Christel Johnson

Paradise Coast Property Team License #NAPLES-249516434

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $28,251

Year Built

  • Built in 2018

Lot Details

  • South Facing Home

HOA Fees

  • $1,601 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Deeded Parking

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Concrete Block With Brick
  • Poured Concrete
  • Stone Exterior Construction
  • Piling Construction
  • Stucco

Interior Spaces

  • 2,600 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Furnished or left unfurnished upon request
  • Tray Ceiling
  • Vaulted Ceiling
  • Thermal Windows
  • Sliding Windows
  • Casement Windows
  • Combination Dining and Living Room
  • Monitored

Kitchen

  • Double Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Dual Sinks
  • Bathtub With Separate Shower Stall

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Outdoor Features

  • Fire Pit
  • Attached Grill

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 17833900182

Community Details

Overview

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

Amenities

  • Community Barbecue Grill
  • Trash Chute
  • Elevator
  • Lobby
  • Bike Room

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$28,251

Year Built

Built in 2018

Lot Details

0

HOA Fees

$1,601 per month

Parking

2

Listing Details

  • Legal Description: RESIDENCES AT 5TH & 5TH A CONDOMINIUM UNIT 303
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.141607$-81.800563$343.69$13.33$1.00$CAoSLEFGMVFpcFBkQXREYzJqTFNyWUVrUjdzcmhVdEx4a3BDUS1EY1BCTUoteWVV
  • Building Design: Low Rise (1-3)
  • Building Description: Contemporary
  • Storm Protection: Impact Resistant Doors, Impact Resistant Windows
  • Year Built: 2018
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Furnished Description: Furnished
  • Num Unit Floor: 3
  • Price Per Sq Ft: 2038.46
  • Total Floors: 1
  • Estimated Living Area: 2600
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Bedrooms: 3+Den
  • Total Bedrooms: 3
  • Dining Room: Living Dining
  • Elevator: Common
  • Equipment: Cooktop - Gas, Dishwasher, Disposal, Double Oven, Dryer, Microwave, Range, Refrigerator/Freezer, Security System, Self Cleaning Oven, Smoke Detector, Tankless Water Heater, Washer, Wine Cooler
  • Flooring: Tile, Wood
  • Floor Plan: Other
  • Interior Amenities: Cable Prewire, Foyer, High Speed Available, Laundry Tub, Tray Ceiling, Volume Ceiling, Window Coverings
  • Primary Bathroom: Dual Sinks, Separate Tub And Shower
  • Windows: Casement, Impact Resistant, Sliding, Thermal

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Built-Up Or Flat
  • Construction: Concrete Block, Piling, Poured Concrete
  • Irrigation: Central
  • View: City
  • Exterior Features: Built In Grill, Built-In Gas Fire Pit
  • Exterior Finish: Stone, Stucco

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 2

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric
  • Heat: Central Electric
  • Security: Monitored Alarm, Entry Phone, Entry TV, Lobby
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Management Company Phone: 239-261-3440
  • Approval: Application Fee
  • Management: Professional
  • Mandatory HOA: No
  • Restrictions: Deeded
  • Sub Condo Name: RESIDENCES AT 5TH & 5TH
  • Condo Fees: 4803.4
  • Condo Fee Frequency: Quarterly
  • Maintenance: Cable, Insurance, Internet/WiFi Access, Lawn/Land Maintenance, Legal/Accounting, Manager, Master Association Fee Incl, Pest Control Exterior, Pest Control Interior, Repairs, Reserve, Sewer, Trash Removal, Water

Association/Amenities

  • Pets: No Approval Needed
  • Development: Olde Naples
  • Amenities: BBQ - Picnic, Bike Storage, Community Pool, Community Room, Trash Chute
  • Community Type: Non-Gated
  • Units In Building: 11
  • Total Number of Units: 11

Fee Information

  • Application Fee: 150.00

Lot Info

  • Builder Product: No
  • Section: 4
  • Total Area: 2756
  • Waterfront: No
  • Rear Exposure: South
  • Parcel Number: 17833900182

Rental Info

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

Tax Info

  • Tax Description: City And County
  • Taxes: 28251.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2022
Closed on
May 31, 2022
Sold by
Hamilton Kenneth C and Hamilton Karen B
Bought by
Revocable Trust
Seller's Agent
Heather Hobrock
Premier Sotheby's Int'l Realty
Buyer's Agent
Christel Johnson
Paradise Coast Property Team
List Price
$5,495,000
Sold Price
$5,300,000
Premium/Discount to List
-$195,000
-3.55%
Current Estimated Value
$5,276,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,043

Purchase Details

Listed on
Apr 5, 2021
Closed on
May 25, 2021
Sold by
Sheeleigh Mathias and Elizabeth Anne Sheeleigh Trust
Bought by
Hamilton Kenneth C and Hamilton Karen B
Seller's Agent
Fatima Khokhar
Premier Sotheby's Int'l Realty
Buyer's Agent
Heather Hobrock
Premier Sotheby's Int'l Realty
List Price
$4,150,000
Sold Price
$4,150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.10%
Original Mortgage
$2,000,000
Interest Rate
3%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $5,300,000 Coleman Yovanovich & Koester P
Warranty Deed $4,150,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,000,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2022 05/31/22 Sold $5,300,000 -3.5% $2,038 / Sq Ft
03/04/2022 03/04/22 Pending -- -- --
02/14/2022 02/14/22 For Sale $5,495,000 +32.4% $2,113 / Sq Ft
05/25/2021 05/25/21 Sold $4,150,000 0.0% $1,596 / Sq Ft
05/05/2021 05/05/21 Pending -- -- --
04/05/2021 04/05/21 For Sale $4,150,000 -- $1,596 / 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 $38,390 $4,148,650 $0 $4,148,650
2022 $33,960 $3,463,101 $0 $3,463,101
2021 $28,251 $2,753,100 $0 $2,753,100
2020 $27,067 $2,666,265 $0 $2,666,265
2019 $27,118 $2,642,265 $0 $2,642,265
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 222011811

Naples Area Board of REALTORS®

APN: 17833900182