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Rare opportunity in Colonnade on 5th, directly on Naples iconic Fifth Avenue South. This spacious two-level penthouse features a private elevator foyer, two bedrooms plus a large den/flex room, two full baths, a loft and over 2,800 square feet of flexible living space. South-facing with abundant natural light through numerous windows, the home offers a generously sized primary suite and a versatile layout ideal for renovation or modern updates. At back of the building with two large balconies overlooking the rear area and neighboring Colonnade building, it includes two assigned under-building garage spaces and access to a community plunge pool, grilling area and covered bike racks. Enjoy the ultimate downtown lifestyle with world-class dining, boutique shopping, art galleries, entertainment and events just a short distance away, plus beach access only a few blocks from your door. Livable as-is, this residence presents an exceptional opportunity to create a custom retreat in the heart of Old Naples.