Olde Naples • Fifth Avenue South • Eight Boutique Luxury Residences
505 On Fifth Condos for Sale in Olde Naples Florida
505 On Fifth is an intimate eight-residence luxury condominium building in the heart of Olde Naples, combining boutique residential ownership with immediate access to the restaurants, galleries, boutiques and activity of Fifth Avenue South.
Completed in 2019, 505 On Fifth represents a very different ownership experience from a large Naples high-rise. With only eight residences, buyers are evaluating a small luxury condominium where exact floor plan, floor, corner position, terrace, parking, interior condition and association structure can have an unusually large influence on value.
The building name should also be distinguished from its residential street address. Current condominium residences are represented at 495 5th Street South, Naples, Florida 34102, while 505 On Fifth is the recognized building name.
8 Luxury Residences Built 2019 Boutique Low-Density Building Fifth Avenue South Olde Naples Private Balconies & Terraces Elevator Access Under-Building Parking Walkable Downtown Lifestyle
Eight-Residence Boutique Condominium
505 On Fifth was conceived as a small collection of only eight condominium residences. That scale is one of the property's defining characteristics.
A buyer is not entering a tower with hundreds of units and a long history of nearly interchangeable sales. Individual residences may differ meaningfully in floor plan, orientation, terrace size, interior improvements and position within the building.
Limited unit count can also mean limited resale turnover. When a residence becomes available, the most relevant valuation evidence may include older same-building transactions together with carefully selected competing boutique condominiums elsewhere in Olde Naples.
505 On Fifth valuation principle: start with the individual residence and same-building history before using broad Olde Naples or Downtown Naples condominium averages.
Living in the Heart of Fifth Avenue South
Location is central to the appeal of 505 On Fifth. Owners are positioned within the Fifth Avenue South district rather than merely being a short drive from Downtown Naples.
Restaurants, cafés, galleries, boutiques and entertainment are part of the surrounding streetscape, while additional Olde Naples destinations, Third Street South and Gulf beaches are accessible from the broader downtown neighborhood.
That location offers a highly walkable lifestyle but creates a different set of priorities from a quiet residential condominium several blocks away.
Restaurants & Dining Immediate Fifth Avenue access can reduce the need to drive for many downtown dining outings.
Shopping & Galleries Boutiques, galleries and specialty businesses form part of the everyday downtown environment.
Gulf Beaches Olde Naples provides convenient access toward Naples' Gulf shoreline without requiring direct beachfront condominium ownership.
Downtown Events Owners should consider both the convenience and the street activity associated with living directly in a downtown district.
Architecture & Original Interior Design
The original 505 On Fifth development was designed by Stofft Cooney Architects, with interior design associated with Renee Gaddis Interiors.
Original development specifications emphasized a contemporary coastal design, approximately 10-foot ceilings, substantial glass, private balconies and luxury kitchen packages.
Because 505 On Fifth is now a resale condominium rather than a developer inventory offering, buyers should evaluate the actual current condition of the individual residence. Appliances, flooring, lighting, automation, cabinetry, window treatments and other finishes may have been changed or upgraded since original construction.
505 On Fifth Floor Plans & Residence Sizes
The original residences were designed with living areas generally ranging from roughly 2,100 to nearly 2,700 square feet, creating substantial condominium residences rather than compact downtown units.
The eight residences are not identical. Buyers should compare the specific floor plan together with balcony or terrace area, corner position, bedroom configuration, den or flex space and interior circulation.
Living Area Compare interior air-conditioned area rather than relying on total square footage alone.
Terrace Area Outdoor area can vary significantly between residences and can materially change usable living space.
Corner Position End and corner residences may offer different light, glazing, privacy and street orientation.
Bedroom & Den Layout Evaluate how guest rooms, office space and flexible rooms support full-time or seasonal use.
Private Balconies & Downtown Terraces
Outdoor living is especially important when comparing residences within 505 On Fifth.
The original floor plans incorporated balconies and terraces, but their size and configuration vary. A broad wraparound terrace creates a different ownership experience from a more compact balcony, even when the interior living areas are similar.
Buyers should evaluate usable depth, privacy, sunlight, street orientation, views, furnishings and access from the primary living areas.
Boutique Residential Living Above Fifth Avenue
505 On Fifth is part of the mixed-use character that defines much of Fifth Avenue South, placing luxury residential space within an active downtown commercial setting.
For many buyers, this is precisely the attraction: restaurants, shopping and galleries are integrated into the surrounding neighborhood rather than separated from the residence by a drive.
The same feature means buyers should personally evaluate evening activity, deliveries, traffic patterns, nearby businesses, lighting and sound from the exact residence they are considering.
Downtown due diligence: visit the property at more than one time of day when possible. Morning activity, restaurant hours, evening traffic and seasonal events can create a different street environment.
Parking & Downtown Ownership
Parking is particularly important in Downtown Naples, where garage and assigned-space arrangements can materially affect convenience and value.
505 On Fifth was developed with dedicated residential parking, and current resale information confirms under-building parking. However, buyers should verify the exact space or spaces legally associated with the residence being purchased.
Guest parking, commercial-area parking, vehicle restrictions and any rights to additional spaces should be confirmed through current condominium documents rather than assumed from previous use.
Elevator Access & Building Convenience
Elevator access supports the lock-and-leave character of 505 On Fifth and is an important everyday feature for a multi-level boutique condominium.
A buyer should still understand the elevator's relationship to the specific residence, garage access and common areas, together with the association's maintenance responsibilities and long-term capital planning.
City Views, Light & Residence Orientation
505 On Fifth is an urban Olde Naples condominium rather than a Gulf-front or marina building. Its views are therefore defined by the surrounding Fifth Avenue and downtown environment.
Floor, corner position, window placement and terrace orientation can affect natural light, privacy and the amount of city activity visible from the residence.
Those permanent characteristics deserve attention before cosmetic finishes because flooring, cabinetry and furnishings can be changed, while a residence's orientation and relationship to the street cannot.
505 On Fifth Condominium Association
An eight-residence condominium requires a different financial review from a large building with hundreds of owners.
Buyers should examine current budgets, reserves, master insurance, meeting records, assessments and anticipated capital projects. With fewer residences contributing to shared expenses, the allocation of major building costs deserves careful attention.
The review should also identify which building components are maintained by the association and which remain the responsibility of the individual owner.
Building Condition & Capital Planning
Although 505 On Fifth is a relatively recent 2019 building, age alone should not substitute for property-specific due diligence.
Buyers should consider exterior surfaces, roofing, waterproofing, balconies, elevators, mechanical equipment, garage areas, common spaces and any maintenance or capital work discussed by the association.
The condition of the individual residence should be evaluated separately from the condition and financial obligations of the condominium as a whole.
Condo Insurance, Flood & Storm Protection
Condominium ownership involves both association-level insurance and coverage for the individual residence.
Buyers should verify the current master policy, deductibles, flood coverage, owner responsibilities and the insurance required for the individual unit.
Impact protection, glazing, exterior doors and other storm-related components should be verified from current building and property records rather than assumed solely from the year of construction.
Rental, Pet, Guest & Renovation Rules
Boutique condominium living can be highly appealing, but the governing documents determine how each residence may be used.
Buyers should review current rental limitations, lease approval, pet provisions, guest rules, vehicle restrictions and move-in procedures.
Renovation rules should also be reviewed before planning substantial changes involving flooring, plumbing, electrical systems, structural components or other work affecting common elements.
Lock-and-Leave Downtown Naples Living
505 On Fifth can appeal to both full-time owners and buyers seeking a seasonal Downtown Naples residence because condominium ownership reduces many of the exterior-maintenance responsibilities associated with a detached home.
That convenience should be evaluated together with association fees, insurance, parking, storage and the services actually included in the condominium structure.
How to Value a 505 On Fifth Condo
Because there are only eight residences, a simple Olde Naples price-per-square-foot average is not a reliable substitute for a building-specific analysis.
505 On Fifth valuation sequence: same-building sales → floor plan → living area → floor and corner position → terrace size → orientation → parking → storage → interior condition → association condition → closely competing Olde Naples boutique condos.
When same-building sales are limited, comparable properties should be selected from other Downtown Naples condominiums with similar construction age, residence size, walkability, parking, outdoor living and boutique character.
What 505 On Fifth Buyers Should Compare
Residence Number Identify the exact unit and original floor-plan configuration.
Living Area Separate under-air living area from total area including terraces.
Floor Compare privacy, street relationship, natural light and access.
Corner Position Evaluate additional windows, exposure and privacy.
Terrace Measure usable outdoor area rather than relying only on total square footage.
Interior Condition Document renovations and upgrades completed since original construction.
Parking Verify the exact legal parking rights associated with the residence.
Storage Confirm any storage area and whether it transfers with the condo.
Street Orientation Consider Fifth Avenue activity, light, traffic and privacy.
Association Budget Understand operating expenses in an eight-residence condominium.
Reserve Funding Review reserves against anticipated future building expenditures.
Assessments Identify current, approved and reasonably anticipated capital obligations.
Master Insurance Review building coverage and deductible structure.
Owner Insurance Obtain current unit-specific insurance information.
Rental Rules Confirm current lease frequency, minimum terms and approval procedures.
Pet Rules Verify current number, size and other restrictions.
Renovation Rules Understand approval procedures before planning material changes.
Comparable Sales Prioritize 505 On Fifth before expanding to other downtown buildings.
505 On Fifth Condos for Sale & Market Activity
With only eight residences, 505 On Fifth may have little or no active inventory at certain times. A lack of current listings does not mean the search is inactive; it reflects the building's very limited residence count.
Use the dedicated 505 On Fifth listing search and map search above, then review the broader Olde Naples condo market report for competing downtown inventory and recent Olde Naples sales.
505 On Fifth Condos for Sale • 505 On Fifth Map Search • Olde Naples Condo Market Report
Explore Olde Naples Condo Communities
Compare 505 On Fifth with other boutique, townhome-style, garden and waterfront condominium opportunities throughout Olde Naples.
Selling a 505 On Fifth Condo
A 505 On Fifth residence should be marketed as a specific boutique Downtown Naples property rather than being valued through a broad Olde Naples condo average.
The marketing should establish the permanent characteristics first: Fifth Avenue South position, residence number, floor, corner or end-unit position, terrace, parking and residence size.
Renovations and interior improvements can then be documented, including kitchens, bathrooms, flooring, lighting, automation, window treatments, appliances and other permitted work.
Because only eight residences exist, historical same-building sales and current competing boutique Downtown Naples properties should both be considered when positioning a residence for sale.
Explore 505 On Fifth With Schulz Realty
Schulz Realty can help buyers compare 505 On Fifth residences by floor plan, living area, floor, corner position, terrace, parking, interior condition, association financials and the most relevant same-building and Downtown Naples comparable sales before arranging a private tour.
Contact Schulz Realty for 505 On Fifth Listings & Private Tours
Call David Schulz at (239) 682-5800.
Condominium fees, reserve funding, assessments, insurance coverage, deductibles, flood information, parking and storage rights, rental provisions, pet policies, guest rules, renovation procedures, building services and individual residence features may vary or change. Original development specifications may also differ from a residence's current condition. Buyers should verify material information through current condominium documents, association records, insurance information, inspections, public records, title work and appropriate qualified professionals before purchasing.
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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.