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505 On Fifth Market Report

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505 On Fifth • Fifth Avenue South • Eight Boutique Residences • Olde Naples

Use the 505 On Fifth Market Report to follow current inventory and recent sales for this eight-residence Fifth Avenue condominium, then narrow any valuation to the exact floor plan, floor, terrace, parking, storage and condition of the residence being analyzed.

505 On Fifth condos for sale in Olde Naples Condos For Sale Current 505 On Fifth Listings 505 On Fifth condo map search Map Search Fifth Avenue South 505 On Fifth Market Report Market Report Jump to Live Listings & Sales

Understanding the 505 On Fifth Condo Market

505 On Fifth contains only eight residences, so its market behaves differently from a large condominium development. Long periods without an active listing are normal, and one closed transaction can materially change a simple building-wide average.

The strongest valuation evidence generally begins with another 505 On Fifth transaction. When recent same-building sales are unavailable, the comparison should expand carefully to other low-density Olde Naples boutique condominiums with similar construction generation, residence size, Fifth Avenue position, terraces and parking.

Preferred 505 On Fifth valuation sequence: same-building sale → floor plan → verified living area → floor and corner position → terrace → Fifth Avenue orientation → parking → storage → renovation and major systems → association finances → closely comparable boutique Olde Naples sales.

How to Read the Live 505 On Fifth Market Data

Active Listings Active inventory shows current seller competition. With only eight total residences, one active listing can represent a meaningful share of the building.
Pending Sales Pending contracts provide evidence of buyer demand, but final price, concessions and terms are normally unavailable until closing.
Closed Sales Same-building closed transactions should normally receive the greatest weight when floor plan, size, terrace, parking and condition are reasonably comparable.
Price Per Square Foot Use price per square foot only after narrowing the comparable group. Terrace size, floor, corner position, parking and renovation can create meaningful differences.
Days on Market Interpret DOM together with original asking price, price reductions, residence condition and the small buyer pool for boutique Fifth Avenue condominiums.
Association Condition In an eight-owner condominium, reserves, insurance and major building projects can have a comparatively large per-owner financial effect.

Building-Specific Value Differences

Living area alone does not establish value at 505 On Fifth. Floor and corner position can change natural light and privacy, while terrace dimensions and orientation materially affect outdoor living.

Parking and storage rights should be verified for the exact residence. Interior renovations should then be considered separately from building-level factors such as roof, waterproofing, elevator systems, insurance and reserve funding.

505 On Fifth Condos • Olde Naples Condos • Olde Naples Condo Market Report • Downtown Naples Condos

505 On Fifth Listings, Sales & Value Guidance

Schulz Realty can help buyers and sellers compare 505 On Fifth residences by floor plan, living area, floor, corner position, terrace, parking, storage, renovation, major systems, association condition and the strongest relevant Olde Naples comparable sales.

Contact Schulz Realty for Listings & Private Tours

505 On Fifth inventory, asking prices, pending transactions, closed prices, days on market, residence configurations, terraces, parking and storage rights, condominium fees, reserve funding, assessments, insurance coverage, deductibles, flood information, rental provisions, pet rules, renovation procedures and individual property characteristics may change or vary. Buyers and sellers should verify material information through current condominium documents, association financial records, insurance information, inspections, permits, public records, title work and appropriate qualified professionals.

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Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
495 5th ST S Unit 304 2 2.5 2,446 $3,595,000 $1,469 190 days
Average: 2.0 2.5 2,446 $3,595,000 $1,469 191 days
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than this company 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. The information provided is for consumers’ personal, non-commercial use and may not be used for any other purpose.