Olde Naples • Fifth Avenue South • Luxury Flats & Villa-Style Living
Residences At 5th & 5th Condos for Sale in Olde Naples
Residences At 5th & 5th brings luxury condominium living directly to the intersection of Fifth Avenue South and Fifth Street South in Olde Naples, combining a boutique residential environment with one of Downtown Naples' most walkable locations.
Completed in 2018, the three-story mixed-use development places commercial space at street level with luxury residences above and parking below grade. The residential collection includes luxury flat-style condominiums as well as a distinctive villa-style residence that differs substantially in size and configuration from the upper-floor homes.
That diversity is important for buyers and sellers. A large villa-style residence with private elevator, garage and rooftop living should not be valued as though it were interchangeable with an upper-floor condominium flat in the same development.
Completed 2018 Three-Story Development Mixed-Use Fifth Avenue Location Luxury Flats Villa-Style Residence Underground Parking Rooftop Pool Fitness Center Walkable Olde Naples
Living Directly at Fifth Avenue South & Fifth Street South
The name describes the location. Residences At 5th & 5th sits at the corner of Fifth Avenue South and Fifth Street South in the heart of Downtown Naples.
For buyers prioritizing walkability, the property places restaurants, cafés, galleries, boutiques and entertainment immediately outside the residential environment rather than several blocks away.
That location creates a very different ownership experience from a quiet residential condo farther from Fifth Avenue. Buyers should personally evaluate the benefits of immediate downtown access together with street activity, restaurant hours, deliveries, lighting, seasonal events and evening traffic.
Location due diligence: visit a prospective residence during daytime and evening hours when possible. A true Fifth Avenue address should be evaluated as both a luxury residence and an active downtown location.
Mixed-Use Luxury Condominium Living
Residences At 5th & 5th is not a conventional residential-only condominium. Commercial space occupies the street level with residential homes above.
Mixed-use ownership can provide exceptional convenience, but buyers should understand how the residential and commercial portions relate to one another.
Commercial Component Review which areas and expenses belong to residential owners, commercial owners or shared association structures.
Deliveries & Service Areas Consider the relationship between the residence, loading activity, trash collection and building services.
Parking Structure Verify residential spaces, guest arrangements and any interaction with commercial parking.
Operating Expenses Understand how shared building costs are allocated between different ownership components.
Luxury Flats & the 5th & 5th Villa
One of the most important distinctions at Residences At 5th & 5th is the difference between the luxury flat-style residences and the development's distinctive villa-style home.
The upper-level residences were conceived as spacious condominium flats with high ceilings, large windows, substantial terraces or balconies and high-end kitchens.
The villa-style residence is materially different. Current Agent4Naples inventory demonstrates a much larger multilevel home with private elevator access, an attached garage, extensive private parking and private rooftop living.
For valuation and market analysis, those property types should not be combined into one undifferentiated average.
Floor Plans & Residence Sizes
The condominium flats were designed in a substantial luxury size range rather than as compact downtown units.
Original development information describes residences generally ranging from approximately 1,500 to 3,000 square feet, while the specialized villa product can be considerably larger.
Buyers should verify the exact living area, total area, bedroom configuration, terrace space and private ancillary areas of the specific property they are considering.
High Ceilings, Glass & Outdoor Living
The flat residences were designed with approximately 10-foot ceilings and substantial glazing to create bright interiors despite their urban setting.
Outdoor living can include wraparound terraces or balconies, depending on floor and residence position.
Terrace size, street orientation, sunlight, privacy and the outlook toward Fifth Avenue or surrounding downtown streets can materially influence value.
Luxury Kitchens & Interior Finishes
Original development specifications emphasized premium kitchens, open-concept living and luxury finishes appropriate for the Fifth Avenue location.
Individual residences may now differ because owners can customize, renovate or replace original appliances, flooring, cabinetry, lighting, automation, bath finishes and window treatments.
Buyers should therefore separate the quality of the original development from the current condition and improvements of the specific residence.
Rooftop Pool & Outdoor Amenities
The rooftop amenity level is one of the signature shared features at Residences At 5th & 5th.
Original developer information identifies a full-size rooftop pool, Jacuzzi, grilling and bar areas, and a fire feature.
This elevated amenity environment allows owners to enjoy outdoor living away from the street level while remaining directly in the Downtown Naples district.
Buyers should verify current operating hours, guest rules, maintenance responsibilities and any renovations or restrictions applying to rooftop amenities.
Fitness Center & Resident Spaces
Shared building amenities also include a fitness center and boardroom.
For buyers comparing a boutique downtown condominium with larger resort-style developments, the important question is not simply the number of amenities but whether the amenity package matches the owner's intended lifestyle.
A buyer who primarily values Fifth Avenue walkability may prefer a focused amenity package over the larger recreational campus found in a high-rise or gated resort community.
Underground Parking in Downtown Naples
Parking is especially important for condominium ownership directly on Fifth Avenue South.
Residences At 5th & 5th was developed with a below-grade parking garage, creating a valuable residential convenience in a location where street-level land is at a premium.
The exact number, location and legal designation of spaces can vary by residence, and the villa-style home may have a substantially different parking arrangement from the condominium flats.
Verify the parking rights: do not assume every residence conveys the same number of spaces. Confirm deeded, assigned or limited-common-element parking together with guest and commercial parking procedures.
Storage & Bike Storage
Storage can materially affect usability in a downtown condominium, particularly for seasonal owners keeping bicycles, beach equipment, luggage and personal belongings on site.
Buyers should verify any private storage area and bike-storage rights associated with the individual residence, including location, dimensions and whether those rights legally transfer with the unit.
Fifth Avenue Living Near the Gulf Beaches
Residences At 5th & 5th combines immediate downtown access with convenient proximity to Naples' Gulf coastline.
The property is not a direct beachfront condominium, so buyers seeking unobstructed Gulf frontage should separately compare Naples Beachfront Condos .
For many buyers, however, the ability to walk between Fifth Avenue restaurants, shops and the beach is precisely what distinguishes the Olde Naples lifestyle from other Naples condominium markets.
Impact Glass, Storm Protection & Building Systems
As a newer-generation Olde Naples development, Residences At 5th & 5th was designed with contemporary building systems and impact-resistant openings.
Buyers should still verify the actual windows, doors and storm protection of the individual residence together with warranty, maintenance and replacement responsibilities.
Roof systems, waterproofing, elevators, garage systems, rooftop amenities and mechanical equipment should also be considered during building-level due diligence.
Condominium Association & Mixed-Use Financial Review
Association due diligence is particularly important in a boutique mixed-use condominium.
Buyers should understand the legal relationship between residential and commercial ownership, how expenses are allocated and which components are maintained by each entity.
Operating Budget Review recurring residential association expenses and included services.
Reserve Funding Compare reserves with anticipated future capital obligations.
Commercial Allocation Understand how shared expenses are divided between residential and commercial ownership.
Master Insurance Review building coverage, deductibles and mixed-use insurance structure.
Capital Projects Identify completed, approved and reasonably anticipated building work.
Assessments Determine whether any current or approved assessments affect the residence.
Evaluating the Commercial Component
Ground-floor commercial space is part of what creates the property's immediate Fifth Avenue lifestyle, but it deserves its own buyer review.
Potential considerations include current commercial uses, restaurant or retail operations, hours, odors, mechanical equipment, deliveries, waste handling and any rights established in the condominium documents.
Those factors can affect different residences differently depending on floor and orientation.
Rental, Pet, Guest & Renovation Rules
Current association documents should be reviewed for rental periods, number of permitted leases, tenant approvals, pet limitations, guest procedures and move-in requirements.
Renovation rules are also important because work within a mixed-use building may be subject to restrictions involving elevators, common areas, working hours, plumbing, electrical systems, flooring and sound transmission.
Do not rely solely on prior MLS remarks or older online summaries when current governing documents are available.
How to Value a Residence At 5th & 5th
Residences At 5th & 5th requires a particularly careful property-specific valuation because the development contains materially different residential products.
A conventional luxury flat should first be compared with other flats within the building. The distinctive villa-style residence belongs in a different competitive set because of its size, multilevel configuration, private outdoor living, elevator and parking.
5th & 5th valuation sequence: residence type → same-building comparable sales → living area → floor and orientation → terrace or rooftop area → parking → storage → interior condition → association condition → closely competing Fifth Avenue and Olde Naples luxury residences.
What Residences At 5th & 5th Buyers Should Compare
Residence Type Determine whether the property is a luxury flat or the specialized villa product.
Living Area Verify air-conditioned area separately from terraces, rooftop and other spaces.
Floor Compare street relationship, privacy, elevator access and views.
Orientation Evaluate Fifth Avenue exposure, side-street position and surrounding buildings.
Terrace or Balcony Compare usable size, privacy, sunlight and street activity.
Private Rooftop When applicable, verify legal rights, improvements and maintenance responsibilities.
Parking Confirm exact spaces and whether they are deeded, assigned or limited common elements.
Storage Verify private storage and bike-storage rights.
Elevator Understand shared or private elevator configuration for the residence.
Interior Condition Document original finishes and subsequent renovations.
Commercial Uses Review nearby commercial spaces and their relationship to the residence.
Association Budget Understand residential operating expenses and included services.
Reserve Funding Review reserves against anticipated future building projects.
Insurance Review master coverage, deductibles and individual-owner responsibilities.
Flood Information Verify current property-specific flood and insurance considerations.
Rental Rules Confirm current minimum lease terms and annual lease frequency.
Pet Rules Verify current number, size and other association limitations.
Comparable Sales Compare the same residential product before using broader Olde Naples sales.
Residences At 5th & 5th Condos for Sale
Inventory at a boutique Fifth Avenue development can be limited, so a dedicated subdivision search is more useful than manually sorting through hundreds of Olde Naples condominium listings.
Use the Agent4Naples search below to monitor current Residences At 5th & 5th offerings, then use the Olde Naples Condo Market Report to compare competing downtown inventory and recent sales.
Residences At 5th & 5th For Sale • 5th & 5th Map Search • Olde Naples Condo Market Report
Explore Olde Naples Condo Communities
Compare Residences At 5th & 5th with other boutique, townhome-style, garden and waterfront condominium opportunities throughout Olde Naples.
Selling at Residences At 5th & 5th
A residence at 5th & 5th should be positioned within its actual property type rather than through a generalized Olde Naples condo average.
Marketing should document whether the home is an upper-level flat or the specialized villa-style residence together with living area, terrace or rooftop space, parking, storage, elevator configuration, interior improvements and permanent Fifth Avenue location.
The direct Fifth Avenue address is a major competitive characteristic, but residence-specific privacy, orientation and outdoor living should also be clearly explained.
Explore Residences At 5th & 5th With Schulz Realty
Schulz Realty can help buyers compare residences by property type, living area, floor, orientation, terraces, rooftop space, parking, storage, interior condition, mixed-use association structure and the most relevant same-building and Olde Naples comparable sales before arranging private tours.
Contact Schulz Realty for 5th & 5th Listings & Private Tours
Call David Schulz at (239) 682-5800.
Residence configurations, condominium fees, reserve funding, assessments, insurance coverage, deductibles, flood information, parking and storage rights, commercial uses, rooftop amenities, rental provisions, pet policies, guest rules, renovation procedures and individual property features may vary or change. Buyers should verify material information through current condominium documents, association financial statements, insurance information, inspections, permits, 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.