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$14,995,000

Beds
5
Baths
6.0
sq ft
7,318

111 5th Ave S, Naples, FL 34102

111 5th Ave S

NAPLES, FL 34102

  • 13 days on market
    • Price drop $135,000,000↓
Welcome to an incredible and iconic custom built home situated on a rare oversized parcel in an enviable location right in the heart of Old Naples just steps from the Gulf of Mexico, world renowned 5th Avenue South, and Naples pristine white sand beaches. Exceptionally constructed, meticulously maintained, and beautifully landscaped, this timeless and classical residence offers an unparalleled combination of highlights including 5 bedrooms + study, over 7,300 sq/ft of air conditioned space, a generous open layout, chef’s kitchen with 3 islands, 7 car garage, rooftop sunset deck, private elevator, natural gas supply, extensive storage areas, and a generous covered outdoor kitchen and living space complete with massive 70’ pool and large yard space. This is a unique and extraordinary opportunity to own a one-of-a-kind home.

Details

Property type

Single Family Residence

Est. home value

$14,734,819

Lot size

0.41 acres

Price per sq ft

$2,050

Year built

2012

Annual property taxes

$111,107.82

HOA

No

Price History

10/01/2024

FGCMLS #224079989

Listed
$14,995,000
-6.25%
06/16/2024
NABOR

NABOR #223095857

Removed
$15,995,000
03/22/2024
NABOR

NABOR #223095857

Price change
$15,995,000
-3.06%

Schools & Community

Neighborhood: 

Old Naples

Elementary school: 

LAKE PARK

Middle school: 

GULF VIEW

High school: 

NAPLES

Number of units in community: 

1

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$5,411,220
Asking price
$14,995,000
Closing costs (~8% of asking)
-$1,199,600
Est. remaining loan balance
-$8,384,180
Cash to seller
$5,411,220

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

First Horizon Bank

Loan start date

July 2021

Original loan amount

$9,000,000

Est. remaining balance

$8,384,180

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

111 5Th Avenue South Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 10/14/2024 at 1:20 PM

Listing updated: 10/01/2024 at 7:40 AM

Listed by: Rex Miller, PA, William Raveis Real Estate Phone #: (239) 231-3380

MLS: FGCMLS #224079989

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