40 5th AVE S, Naples, FL, 34102 | $24,000,000

WALK TO 41 RESTAURANTS on 5TH Avenue S from this IN TOWN location and 99 steps to sugar sandy beach. Located in the BEACH BLOCK (one home )in from beach. Impressive setting of Royal Palm trees, flowering window boxes, private powered gates, circular driveway, paver walkways & tropical gardens boarder this grand residence on 5Th Ave. S. Rear alley access to 3 car garage. 7635 SQ Ft under air 9675 Sq Ft total area. As you step into the entry you’re greeted by a breathtaking sight: a 6- foot long chandelier from John Richard that serves as a dazzling focal point. Throughout the home lighting has been carefully chosen to marry beauty with functionality, casting each space in the perfect ambiance. Craftsmanship of the highest caliber is evident throughout the house. The kitchen offer an abundance of spaces to gather and relax, each thoughtfully designed to enhance the experience of daily living. Roof top decks, custom wine room (800 bottles), new custom kitchen, 5 bedrooms, 7 baths, grand Parlor /bar, office and 3 large terraces overlooking the lush grounds and Gulf of Mexico. 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. Lots of natural light fills this area with french doors that open to terrace for alfresco dinning. 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 to walk to all the shops, restaurants, parades, art shows, right here on 5TH Avenue S. The beach walks and swims will energize your soul. The warm breezes and painted sky’s will fill your heart with joy and relaxation. A legacy property perfect for multigenerational gatherings.

Features

  • Amenities: See Remarks
  • Rooms: 19
  • Bedrooms: 5
  • Baths: 6 full / 1 half
  • Style: Multi-Story Home,See Remarks,Traditional
  • Development: OLDE NAPLES
  • Year Built: 2002
  • Garage: 3-car Attached
  • Heating: Central Electric,Zoned
  • Cooling: Ceiling Fans,Central Electric,Zoned
  • Approx Sq. Feet: 7,635
  • Acreage: 0.29
  • Est. Taxes: $91,250
  • Lot Desc: Cul-De-Sac,Regular
  • View: Gulf,Landscaped Area
  • Community Type: Non-Gated
  • Private Pool: Yes
  • Pet Policy: No Approval Needed
  • MLS#: 224022030
  • Website: https://www.raveis.com
    /eprop/224022030/405thaves_naples_fl?source=qrflyer
Copyright © 2024  The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright Southwest Florida MLS organizations. All rights reserved.
Courtesy of COLDWELL BANKER REALTY

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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40 5th AVE S, Naples, FL, 34102

$24,000,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $19,200,000 $19,200,000 $19,200,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.750% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.799% 6.876% 6.850%
Monthly Tax Payment $7,604 $7,604 $7,604
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $127,738 $124,531 $168,575
Total Monthly Payment $135,467 $132,260 $176,304

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.