$3,400,000
$3,600,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
10,018 Sqft Lot
SOLD DATE : 01/21/2026
Key Details
Sold Price $3,400,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Olde Naples
MLS Listing ID 225076866
Sold Date 01/21/26
HOA Y/N No
Annual Tax Amount $27,346
Tax Year 2024
Lot Size 10,018 Sqft
Acres 0.23
Source Naples
Property Description
A rare opportunity in the heart of Old Naples.
This premium .23-acre corner homesite sits at the sw corner of 1st Avenue South and 5th Street South, just 5 blocks from the beach and a short stroll to the world-class dining and boutique shopping of famed Fifth Avenue South. Located in sought after X500 flood plain, 490 1st Ave S offers long-term peace of mind, superior elevation, and build flexibility. No flood insurance required.
Surrounded by mature banyan trees and lush palms, the property provides an inviting tropical landscape with excellent design potential. A private alley allows for rear-entry garage access, enhancing curb appeal while maximizing space for an impressive front façade and expansive outdoor living.
Preliminary concept sketches by MHK Architecture illustrate a stunning 4,000+ sq ft custom home featuring 4 bedrooms, 4.5 baths, a private guest suite with elevator access, loft, additional laundry, spectacular pool, and oversized 2-car garage with alley access.
Whether you envision timeless coastal architecture, West Indies charm, or a clean modern aesthetic, the design possibilities here are exceptional.
Create your own piece of paradise in one of the most coveted walkable beach neighborhoods in Old Naples.
Location
State FL
County Collier
Community Non-Gated
Area Olde Naples
Interior
Fireplace No
Exterior
Community Features Dog Park, Restaurant, Sidewalks, Street Lights
Utilities Available Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected
Amenities Available Beach Access, Dog Park, Restaurant, Shopping, Sidewalk, Streetlight
Waterfront Description None
View Y/N Yes
View Landscaped Area
Present Use 01-Single Family
Garage No
Building
Lot Description Corner Lot
Water Assessment Paid
New Construction No
Others
Senior Community No
Tax ID 14027760005
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Coldwell Banker Realty
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "