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Living in Old Naples

The original town by the Gulf, where elevation decides more than the address

Old Naples has a typical home value of $947,832 on Zillow's home value index, about 1.7 times the Naples all-homes figure, and it's the one high-priced area on Zillow's Naples list that has barely moved in five years: up 4.0%, against 20.6% for Naples overall. This is the original town, where you can walk to Fifth Avenue South, Third Street South, the Naples Pier and the beach.

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Photo: Franz Stellbrink, CC BY 3.0 via Wikimedia Commons
Typical home value
$948K
Old Naples, Zillow, September 2026
Past year
−0.1%
Past 5 years
+4%
Typical home value: Old Naples
$200K$400K$600K$800K$1M$1.2M$1.4M20122014201620182020202220242026$948K

Zillow Home Value Index, mid-tier, seasonally adjusted. Hover to see any date.

Data table
MonthAll homes
Dec 2012$373,723
Dec 2013$481,999
Dec 2014$561,786
Dec 2015$643,583
Dec 2016$681,922
Dec 2017$689,605
Dec 2018$706,066
Dec 2019$713,245
Dec 2020$758,974
Dec 2021$988,943
Dec 2022$1,222,641
Dec 2023$1,120,086
Dec 2024$1,057,518
Dec 2025$937,234
Sep 2026$947,832

The old grid between the Gulf and Naples Bay

Old Naples sits inside the City of Naples, on the strip of land between the Gulf of Mexico and Naples Bay, south of the downtown core. The streets run in a grid of numbered avenues, and many of them end at a public beach access. The Naples Pier is at the foot of 12th Avenue South. Fifth Avenue South and Third Street South are the two main shopping and restaurant streets, and Gordon Drive runs along the Gulf side.

Housing is mixed. Older one-story cottages and ranch houses still stand next to large new elevated homes that replaced them. Near the commercial streets there are condos, townhomes and small mixed-use buildings. At the southern end, Old Naples gives way to Port Royal and Aqualane Shores, which Zillow tracks separately.

Why the five-year number is so low

Zillow's index blends everything in the neighborhood, from a small older condo to a new Gulf-side house. The flat five-year trend tells you the typical home here did not keep pace with the rest of Naples, and the past year was flat as well, at -0.1%. Zillow's index can't tell you why. A likely factor is a split in the housing itself: older homes that sit low and took water in Hurricane Ian in 2022 have been harder to sell, while new, elevated homes and well-run condo buildings near Fifth Avenue have held value. When you read comps, separate those two groups before you draw any conclusion.

Naples neighborhoods: typical value
  1. Port Royal$14.65M
  2. Aqualane Shore$7.61M
  3. Estuary at Grey Oaks$6.31M
  4. Coquina Sands$1.89M
  5. Park Shore$1.73M
  6. Pelican Bay$1.31M
  7. Royal Harbor$1.16M
  8. Pine Ridge$1.15M
  9. Moorings$1.1M
  10. Redevelopment Area$1.02M
  11. Lake Park$951K
  12. Old Naples$948K
Show all 20
  1. Sun Terrace$788K
  2. Bears Paw$778K
  3. Naples Park$720K
  4. River Reach$682K
  5. Vineyards$672K
  6. Lely Resort$600K
  7. Verona Walk$557K
  8. Golden Gate$528K

Zillow neighborhood index, the 20 priciest of the largest neighborhoods.

5-year price change by neighborhood
  1. Estuary at Grey Oaks+52.8%
  2. Bears Paw+52.4%
  3. Lake Park+46.6%
  4. Port Royal+39.3%
  5. Sun Terrace+36.3%
  6. Pine Ridge+33.5%
  7. Aqualane Shore+33.5%
  8. Lely Resort+25.4%
  9. Golden Gate+25%
  10. Vineyards+24.7%
  11. Naples Park+22.3%
  12. Redevelopment Area+20.8%
  13. River Reach+20.6%
  14. Coquina Sands+19.6%
  15. Royal Harbor+17.8%

Change in the Zillow index over 60 months.

Cash you need to buy at $948,000

All cashMortgage, 20% downForeign national loan, 35% down
Down payment$948,000$189,600$331,800
Buyer closing costs$1,450$9,146$8,364
Total at closing$949,450$198,746$340,164

Includes Florida doc stamps on the note ($0.35 per $100 borrowed), the 0.2% intangible tax on the mortgage, the lender's title policy, settlement and recording fees and typical lender fees. Excludes prorated taxes and HOA. For your exact numbers use the closing cost calculator.

City of Naples rules that come with the address

Because Old Naples is inside city limits, permits, zoning and flood rules come from the City of Naples, not Collier County. The rule buyers feel most is the substantial improvement rule. If repairs or renovations to a house in a FEMA high-risk flood zone cost more than half of the building's value, the house has to be brought up to current flood standards, which often means elevating it or rebuilding. For an older low house, that rule can decide whether a renovation plan is even possible.

Before you sign, ask the city's building department how it counts improvements, whether past permits on the house count toward the threshold, and what elevation a rebuild on that lot would require.

What to check on an Old Naples house or condo

How Old Naples compares on price

On Zillow's list, Lake Park is at about $951,482, almost the same typical value as Old Naples, but it has gained 46.6% over five years. The Moorings, at about $1,097,105, and Pelican Bay, at about $1,314,551, are higher. Coquina Sands, just to the north along the Gulf, is about $1,890,533. To the south, Aqualane Shore is about $7,605,613 and Port Royal about $14,653,495.

So Old Naples is the least expensive way into the Gulf-side city on Zillow's numbers, mostly because its average includes so many condos and older homes. For a single-family house a few blocks from the beach, expect to pay well above the neighborhood average.

Daily life in Old Naples

The appeal is walking. Many owners bike or walk to dinner, the beach and the pier and use the car only for errands. The cost is crowds in season. From January to April, Fifth Avenue South and the beach accesses are busy, parking is tight and traffic on US 41 slows down. The City of Naples has a median age of 67.3 and 40.8% seasonal homes, according to Census data, and Old Naples follows that pattern closely. Summer is quiet, hot and wet, and some streets feel empty for months.

Noise is part of the package too. Living a block off Fifth Avenue South means restaurant traffic and events on weekend evenings. Living on a street with active rebuilding means construction crews for a year or more. Walk the block at night and on a weekday morning before you decide.

Who Old Naples suits

Old Naples suits buyers who want to walk everywhere and live close to the Gulf, retirees and second-home owners who like a small-town grid with restaurants nearby, and buyers ready to rebuild or buy new to current flood standards. It suits less well a buyer who wants a large lot for the money or who doesn't want to think about elevation. If you tell me whether you want a condo near Fifth Avenue or a house near the beach, I can sort the current listings by elevation and condition.

Quick answers

Is Old Naples a good place to live?

For buyers who want a walkable town by the Gulf and can manage flood and insurance costs, it is one of the most popular parts of Naples. Zillow puts the typical home at $947,832.

Why have Old Naples home values grown so slowly?

Zillow shows a 4.0% rise over five years. The index mixes older condos and low older homes, some damaged in Hurricane Ian, with new elevated houses, and the older stock has been the weaker part.

Is Old Naples in the City of Naples?

Yes. Permits, zoning and flood rules come from the City of Naples.

What is the 50% rule in Old Naples?

In FEMA high-risk flood zones, if improvements or repairs exceed half of the building's value, the house must be brought up to current flood standards. Ask the city how it applies the rule before you buy an older house.

Get a shortlist that fits your budget

Tell me what you're looking for and I'll send real listings with the full cost of owning each one: HOA or condo fees, property tax at your price, insurance, and closing costs. No newsletters, no pressure.

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Or reach me directly: (754) 203-9632 · [email protected] · WhatsApp on the same number

I reply personally within one business day. Dan Marusin, FL Sales Associate SL3542968, LoKation Real Estate.

Data: Zillow Home Value Index (ZHVI), Zillow Research, latest month September 2026; U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates. Figures for small areas carry margins of error. These are planning numbers, not an appraisal of any property.