40 5th AVE S For Sale

Naples, FL 34102 - Olde Naples

$18,900,000

Reduced - $5,100,000

Description

NO HOA’S, NO RULES, TOTAL FREEDOM LIVING DOWNTOWN NAPLES! The elevation is high and dry with views of the gulf and 1-home in from the white sugar sandy beach. 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. EVERYONE IS RAVING ABOUT THE KITCHEN AND THE COUNTERTOPS THAT LOOK LIKE LEATHER. A custom blend of granite and quartz (quartzite) artisans created this rich color “jabot brown suede” that in center island to this DREAM kitchen: 2- dishwashers, 2 refrigerator drawers, DEEP CUSTOM DRAWERS, CUSTOM CHINA BUFFET, WALK-IN PANTRY, SUB ZERO REFRIGERATOR, ICE MAKER AND MORE. The dining room has a climate controll wine room (800 bottles). Upon arrival, guest are greeted in a two story grand foyer with dramatic 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.

Address

  • Address: 40 5th AVE S
  • City: Naples
  • State/Country: Florida, United States
  • Zip: 34102
  • Community: Olde Naples
  • Community Type: Non-gated
  • Subdivision: Olde Naples

Detail

Information last updated on Friday, March 7th, 2025 at 09:50 AM

  • MLS ID: 224022030
  • Price: $18,900,000
  • Property Size: 7,635 Sq Ft
  • Bedrooms: 5
  • Bathrooms: 7
  • Garage Spaces: 3
  • Year Built: 2002

Additional details

  • Acres: 0.29
  • Active Open House Count: 1
  • Approx Living Area: 7635
  • AVMYN: 1
  • Baths Full: 6
  • Baths Half: 1
  • Baths Total: 7
  • Bedrooms: 5+Den
  • Beds Total: 5
  • Buyer Agent Comp: 2%
  • Cable Available YN: 1
  • CDOM: 411
  • Created Date: March 11th, 2024
  • Current Price: $18,900,000
  • Den Flex YN: 1
  • DOM: 411
  • Garage Spaces: 3
  • Latitude: 26.140206
  • Lease Limits YN: 1
  • Leases Per Year: 12
  • List Price: $18,900,000
  • Longitude: -81.806521
  • Lot Unit: 5
  • Min Daysof Lease: 30
  • MLS Number: 224022030
  • Non Rep Comp: 2%
  • Num Unit Floor: 1
  • Original List Price: $24,000,000
  • Parcel Number: 14003200000
  • Postal Code: 34102
  • Price Per Sq Ft: $2,475
  • Private Pool YN: 1
  • Private Spa YN: 1
  • Room Count: 19
  • Section: 4
  • Taxes: $91,250
  • Tax Year: 2023
  • Total Area: 9675
  • Total Floors: 3
  • Trans Broker Comp: 2%
  • Unitsin Building: 1
  • Unitsin Complex: 1
  • Year Built: 2002

Features

Vital Information

Single Family

  • Size: 7,635 sqft
  • Beds: 5+Den
  • Baths: 7
  • Price: $18,900,000

Virtual Tours

Broker Reciprocy

The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2025 Southwest Florida MLS organizations. 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.

The data relating to real estate for sale on this limited electronic display come in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than Equity Realty are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program.

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