NOT LISTED FOR SALE

505 5th Ave S Unit 201 Naples, FL 34102

Old Naples Neighborhood

Estimated Value: $4,263,979

2 Beds
2.5 Baths
2,620 Sq Ft
$1,627/Sq Ft Est. Value

Last Sold February 18, 2020

Last sale price $2,895,000 $1,105 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $28,339/month

897 Days on Market

Highlights

  • Deck
  • Marble Flooring
  • Great Room
  • Lake Park Elementary School Rated A
  • Furnished
  • Elevator

About This Home

As of February 2020

Modern style meets the authenticity of Naples in this eight-residence complex in the heart of Fifth Avenue South surrounded by upscale fashion and jewelry boutiques, spas, art galleries and more. Artfully designed by Stofft Cooney and exquisitely detailed by Renee Gaddis Interiors, 505 on Fifth is the epitome of coastal luxury. Residences range from 2,100 to nearly 2,500 square feet, all with balconies overlooking the city lights illuminating the palms. Residents will enjoy 10-foot ceilings, linear fireplaces, gourmet Wolfe, Sub-Zero and Bosch appliances and one secure parking space. The sophisticated lobby and common areas will have even the most discerning home buyer delighted to call 505 on Fifth their Naples home.

Last Agent to Sell the Property

Michael Lawler

Douglas Elliman Florida,LLC Listed on: 08/17/2017

Douglas Elliman Florida,LLC

Last Buyer's Agent

Bill Frantz

Premier Sotheby's Int'l Realty

Premier Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $54,747

Year Built

  • Built in 2019

Lot Details

  • South Facing Home

HOA Fees

Parking

  • 1 Car Attached Garage
  • Deeded Parking

Home Design

  • Entry on the 2nd floor
  • Flat Roof Shape
  • Concrete Block With Brick
  • Stone Exterior Construction
  • Metal Construction or Metal Frame
  • Stucco

Interior Spaces

  • 2,620 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Furnished or left unfurnished upon request
  • Fireplace
  • Picture Window
  • Great Room
  • Family or Dining Combination

Kitchen

  • Breakfast Bar
  • Self-Cleaning Oven
  • Freezer
  • Dishwasher

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • High Impact Windows
  • High Impact Door

Outdoor Features

  • Balcony
  • Deck

Schools

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

Utilities

  • Central Heating and Cooling System
  • Smart Home Wiring
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 14032720001
  • Tax Block 16

Community Details

Overview

  • $2,000 Additional Association Fee
  • Low-Rise Condominium

Amenities

  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$54,747

Year Built

Built in 2019

Lot Details

0

HOA Fees

$1,111 per month

Parking

1

Listing Details

  • Legal Description: NAPLES T 6 BLK 16 LOTS 20- 22
  • Property Type: Residential
  • Table: Residential
  • Street View Param: 1$26.141518$-81.80011400000001$56.69$13.33$1.00$Q5ZSTvmE3qlvgkjg24_OOw
  • Building Design: Low Rise (1-3)
  • Storm Protection: Impact Resistant Doors, Impact Resistant Windows
  • Year Built: 2019
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Furnished Description: Furnished
  • Num Unit Floor: 2
  • Price Per Sq Ft: 1104.96
  • Total Floors: 3
  • Additional Rooms: Balcony, Guest Bath, Guest Room, Laundry in Residence
  • Estimated Living Area: 2620
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Bedrooms: 2+Den
  • Total Bedrooms: 2
  • Dining Room: Breakfast Bar, Family Dining
  • Elevator: Common
  • Equipment: Cooktop - Electric, Cooktop - Gas, Dishwasher, Dryer, Freezer, Home Automation, Refrigerator, Self Cleaning Oven, Washer
  • Flooring: Marble, Wood
  • Floor Plan: Great Room
  • Interior Amenities: Bar, Fireplace, Foyer, Laundry Tub, Pantry, Surround Sound Wired
  • Primary Bathroom: Dual Sinks, Separate Tub And Shower
  • Windows: Picture

Exterior Features

  • Gulf Access: No
  • Private Pool: No
  • Private Spa: No
  • Roof: Built-Up Or Flat
  • Construction: Concrete Block, Metal Frame
  • Irrigation: Central
  • Road: City Maintained
  • View: City, Landscaped Area
  • Exterior Features: Deck
  • Exterior Finish: Stone, Stucco

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 1
  • Parking: Deeded

Utilities

  • Cable Available: Yes
  • Cooling: Central Electric
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Management Company Phone: 000-000-0000
  • Management: Developer
  • Mandatory HOA: Yes
  • Restrictions: No Rental
  • Sub Condo Name: OLDE NAPLES
  • Condo Fees: 1761.91
  • Condo Fee Frequency: Quarterly
  • Maintenance: Insurance, Irrigation Water, Lawn/Land Maintenance, Legal/Accounting, Manager, Pest Control Exterior, Reserve, Security, Sewer, Trash Removal
  • Master Hoa Fee: 1572
  • Master HOA Fee Frequency: Quarterly

Association/Amenities

  • Pets: With Approval
  • Development: Olde Naples
  • Amenities: Shopping, Sidewalk
  • Community Type: Non-Gated
  • Units In Building: 8
  • Total Number of Units: 8

Fee Information

  • One Time Other Fee: 2000

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: Yes
  • Lot Unit: 20
  • Section: 4
  • Total Area: 2992
  • Waterfront: No
  • Rear Exposure: South
  • Lot Description: Zero Lot Line
  • Parcel Number: 14032720001

Rental Info

  • Lease Limits: Yes
  • Leases Per Year: 3
  • Min Days Of Lease: 90

Tax Info

  • Tax Description: New Construction
  • Taxes: 54747.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2021
Sold by
Warwick Angele F
Bought by
Warwick Florida Properties Airport Llc
Current Estimated Value
$4,263,979

Purchase Details

Listed on
Aug 17, 2017
Closed on
Mar 13, 2020
Sold by
Naples Fifth Kc Llc
Bought by
Craig Jeffrey L and Craig Melonie J
Seller's Agent
Michael Lawler
Douglas Elliman Florida,LLC
Buyer's Agent
Bill Frantz
Premier Sotheby's Int'l Realty
List Price
$2,895,000
Sold Price
$2,895,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Outstanding Balance
$1,594,157
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 17, 2019
Sold by
Naples Fifth Kc Llc
Bought by
Sachs Katherine G and Sena William T

Purchase Details

Closed on
Aug 6, 2019
Sold by
Naples Fifth Kc Llc
Bought by
Holmgren Steven and Holmgren Anita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 29, 2017
Sold by
Warwick Flo0rida Propertis 505 Llc
Bought by
Naples Fifth Kc Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 15, 2010
Sold by
Warwick Angele F and Warwick Hadley V
Bought by
Warwick Florida Properties 505 Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Warwick Florida Properties Airport Llc -- Accommodation
Craig Jeffrey L $2,895,000 Attorney
Sachs Katherine G $1,995,000 Attorney
Holmgren Steven $3,000,000 Attorney
Naples Fifth Kc Llc -- Attorney
Warwick Florida Properties 505 Llc -- None Available
Warwick Angele F -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Craig Jeffrey L $1,800,000
Previous Owner Holmgren Steven $1,000,000
Previous Owner Naples Fifth Kc Llc $4,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2020 02/18/20 Sold $2,895,000 0.0% $1,105 / Sq Ft
01/31/2020 01/31/20 Pending -- -- --
08/17/2017 08/17/17 For Sale $2,895,000 -- $1,105 / 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
2025 $55,186 $5,135,610 -- --
2024 $52,959 $4,668,736 -- --
2023 $52,959 $4,244,305 $0 $0
2022 $53,460 $3,858,459 $0 $0
2021 $47,313 $3,507,690 $2,071,875 $1,435,815
2020 $72,908 $5,878,991 $4,875,000 $1,003,991
2019 $60,237 $4,587,755 $0 $0
2018 $53,152 $4,170,686 $4,125,000 $45,686
2017 $35,028 $2,162,931 $0 $0
2016 $31,801 $1,966,301 $0 $0
2015 $20,053 $1,787,546 $0 $0
2014 $21,687 $1,625,042 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 217052907

Naples Area Board of REALTORS®

APN: 14032720001