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Positioned along the renowned corridor of Fifth Avenue South, this distinguished penthouse residence at 505 ON FIFTH is in the ideal and desired downtown location. Masterfully envisioned by Stofft Cooney and exquisitely curated, the home encompasses 2, 808 total square feet of impeccably designed living space and luxury finishes throughout. The kitchen is a striking focal point, appointed with bespoke flush cabinetry, a dramatic quartz waterfall-edge island with seating and luxury appliances, flowing beautifully into the open dining and great room, where a linear gas fireplace and sophisticated wet bar with wine refrigerator set the stage for elevated entertaining. Soaring 10-foot ceilings and expansive floor-to-ceiling sliding glass doors, a linear gas fireplace and wide-plank white oak flooring create an atmosphere of effortless elegance, seamlessly extending to a relaxing wraparound terrace. The primary suite is a serene retreat, offering dual walk-in closets and direct access to the terrace, complemented by a spa-inspired bath featuring stunning tile work, a floating dual vanity, backlit mirrors, and a separate glass-enclosed shower and soaking tub. A generously sized guest en-suite, a versatile den and a dedicated laundry room complete this exceptional offering. Thoughtfully integrated smart home technology includes Control4 automation, a Sonos sound system, motorized window treatments and designer LED lighting, ensuring comfort and convenience at every turn. This extraordinary and sophisticated downtown residence, with under-building parking, is just moments from Naples celebrated dining, boutiques, galleries, cafés and just a short distance to the beach, while affording a refined sense of privacy that feels removed from it all.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,595,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,876,000 | $2,876,000 | $2,876,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.362% | 6.361% | 6.183% |
| Monthly Tax Payment | $2,248 | $2,248 | $2,248 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $17,243 | $17,708 | $24,269 |
| Total Monthly Payment | $19,616 | $20,081 | $26,642 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.