Olde Naples, 40 S 5th Ave, Naples, FL 34102

18,900,000(-10.32% )
$16,950,000
5Beds
61/2Baths
7,635SqFt

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Details

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Status:
Active
Parking: 3
Size: 7,635 SqFt (709 m2)
Price: $2,220/SqFt ($23,897/m2)
Type: Single Family Home
Built: 2002
HOA: N/A
MLS Number: 224022030
View: Gulf, Landscaped Area
Updated: 1 Days ago
Page Views: 0
Idealy positioned just one home in from the beach! The elevation is high and dry with views of the gulf and 7635 sq. Ft. 5 bedrooms, 7 baths, and private sunny back yard pool and spa thats peaceful. This grand residence is casual and comfortable. Favorite rooms are the second floor grand parlor “ africa room” with wood bar and marvelous open terraces. The powerhouse office is fulled with book shelves, light and french doors to step out and over look the sea and enjoy a moment to think. High impact glass windows, poured concrete construction and architectural curved walls, rotunda ceilings 24’ ceiling height in foyer with 6’ chandelier by john walker. Impressive curb appeal with circular driveway, power gates, paver walkways & lush landscaping of topical plantings boarder the 85’ x 150’ lot. Rear alley access to 3 car garage & elevator that serves to all living levels. The kitchen countertops look like leather are a custom blend of granite and quartz (quartzite) artisans created this rich color “jabot brown suede”. 2- dishwashers, 2 refrigerator drawers, deep custom drawers, walk-in pantry, sub zero refrigerator and freezer, ice maker and spice drawers. The dinning room now has entire wall displaying 800 bottles of wine behind custom glass climate controll room and at a glance you can see your entire collection. Upon arrival, guest are greeted in a two story grand foyer with dramatic curved staircase. The fireplace living room adjacent to the wine room for intimate retreats ultimate venues for family friends gatherings. Family room filled with light and french doors that lead out to spacious open air terrace with views of the gulf. Ultimate culinary chefs kitchen /viking gas stove, the center island is jatoba brown suede quartzite a work of art on all the counters perfect combination to the rich wood cabinetry, 2 dishwashers, butlers pantry, built-in china cabinets, refrigerator drawers, separate ice maker, sub zero refrigerator & freezer. The architect designed a dining area in the round with rotunda ceiling opens that brings the family and guest together. First level- luxurious primary suite with stain glass window in bathroom, large walk in closet. Laundry room with porthole window and spacious counters and storage. Second level the parlor is like stepping into a hollywood movie set. The detailed millwork, the custom built wood bar, entertainment area that flows with ease to adjacent office/ Library. French doors open to magnificent open terrace with view of the gulf of mexico. Four large guest bedrooms each with private bathrooms. An outside spiral staircase to the roof top decks with built in seating to enjoy sunset. Tucked on south side is the pool, spa and private bath. This home was designed to entertain and is the perfect venue for philanthropy events and family celebrations! Its an active fun lifestyle living downtown naples.
Features
Bedrooms
  • Bedrooms: 5
Bathrooms
  • Bathrooms: 6
  • Half Bathrooms: 1
Exterior and Lot Features
  • Exterior Features: Balcony, Open Porch/Lanai, Storage
  • View: Gulf, Landscaped Area
Interior, Heating and Cooling
  • Interior Features: Bar, Built-In Cabinets, Fireplace, Foyer, Pantry, Smoke Detectors, Wired for Sound, Walk-In Closet(s), Wet Bar, Window Coverings
  • Equipment / Appliances: Gas Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Microwave, Refrigerator/Freezer, Refrigerator/Icemaker, Self Cleaning Oven, Washer, Wine Cooler
  • Heating Description: Central Electric, Zoned
  • Cooling Description: Ceiling Fan(s), Central Electric, Zoned
Building and Construction
  • Floor Description: Carpet, Marble, Tile, Wood
  • Windows/Treatment: Window Coverings
  • Construction Type: House
  • Year Built: 2002
  • Style: Multi-Story Home, Traditional, Single Family
Waterfront and Water Access
  • Waterfront Frontage: No info
School Information
    Other Property Info
    • Garage: 3
    • Pets Allowed: Yes
    Taxes, Fees & More
    • Maintenance Includes: None
    • Taxes: 91250
    • Security Information: Security System, Smoke Detector(s)
    • Parking Description: Circular Driveway, Driveway Paved, On Street, Attached
    • Total Floors in Building: 3
    • Total Units in Building: 1

    Price History

    07/01/2025

    Date

    Price Reduced

    Event

    $17M

    Price

    -10.32%

    Change Rate

    $2,220 ft2 / $23,897 m2

    Price Per

    01/24/2025

    Date

    Price Reduced

    Event

    $18.9M

    Price

    -21.25%

    Change Rate

    $2,475 ft2 / $26,646 m2

    Price Per

    03/11/2024

    Date

    Listed

    Event

    $24M

    Price

    $3,143 ft2 / $33,836 m2

    Price Per

    Price per square foot and days on website are not provided values and are calculated by Subdivisions.

    Listed by Mike TarantoColdwell Banker Realty • Buyer Agency Compensation .

    Instant Comps

    $200/ft²
    $1,400/ft²
    $2,700/ft²
    $4,000/ft²

    Unit 40 S 5th Ave – Asking

    $2,220/ft²

    (+60%) from Closed Medium $/ft²

    Closed Medium $/ft²

    $1,390/ft²
    Community $/Price Range (Closed) $306/ft² – $3894/ft²
    No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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    Naples
    Ultra Luxury Homes & Condos

    Olde Naples Communities in Naples, FL

    Entry-Level 91
    Inactive Segment 91
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