Ever since 5th Avenue South in downtown Naples went through a major renovation in the early 2000's buyers have been given the opportunity to live above the shops and galleries. There are several options currently on the market directly along 5th Avenue South ranging from single-family to studio apartments. The prices range from the low $600,000 for a 2 bedroom condo measuring a little over 1000 square feet to well over $8,000,000 for a newer single-family close to the beach. The demand for this type of living has spurned residential redevelopment in and around 3rd Street South as well. Several new villas have been introduced to the market recently with asking prices in the mid $2,000,000 range. These types of properties are increasing in popularity as the median age of the Neapolitan decreases.