Recently Listed New Construction 1165 8TH ST S # #201
Naples, FL, 34102 $ 5,995,000
Bedrooms4 Baths4.1 Sq 4,371 Monthly Estimate*
$ 37,853
for $5,995,000 with 4 bedrooms and 4 full baths, 1 half bath. This 4,371 square foot condo was built in 2024.
One or more photo(s) has been virtually staged, AI generated or rendered. Introducing Vela Bay, an intimate collection of four contemporary waterfront residences overlooking Naples Bay in the heart of Olde Naples. Designed for refined coastal living, each residence offers more than 4,300 square feet with 4 bedrooms, 4.5 baths, 2-3 car private garages and a thoughtfully planned layout that transitions effortlessly from quiet mornings to evenings spent entertaining. A boutique lobby creates an elegant sense of arrival before opening into light-filled private residences framed by floor-to-ceiling glass. Expansive bay views provide a captivating backdrop throughout the main living areas, while generous terraces embrace the waterfront setting. At the heart of the home, an open-concept great room with a sleek linear gas fireplace offers a sophisticated yet comfortable gathering space. Thoughtfully designed for luxurious everyday living and effortless entertaining, the gourmet kitchen features European cabinetry, premium appliances, built-in refrigerator and freezer columns, a six-burner gas range, quartz countertops, and a 12-foot island. A butler’s pantry with a built-in coffee system, custom wet bar, and a passive wine room complete the elevated entertaining experience. The owner’s suite is a serene retreat with direct terrace access and a spa-inspired bath featuring a freestanding soaking tub, oversized walk-in shower, dual vanities, and designer finishes. A versatile first-floor flex space can be tailored as a private office, fitness studio, media room, or wellness retreat. Above it all, the rooftop deck awaits with a stunning pool, outdoor kitchen, and inviting lounge areas, all offering 360-degree panoramic views of Naples Bay, the Gulf skyline, and evening sunsets. Ideally situated near the celebrated dining, shopping, and entertainment of 5th Avenue South and 3rd Street South, Vela Bay also offers convenient access to Naples’ white-sand beaches, Naples Airport, and Southwest Florida International Airport. Construction of Phase II is scheduled to begin in fall 2026 and is planned to introduce four additional residences, with pricing starting just under $10 million. With a limited collection of homes, Vela Bay offers a distinctive opportunity to experience contemporary waterfront living in the heart of Olde Naples
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Condo ActiveContemporary,Low Rise (1-3)
FeaturesInteriorInterior Amenities Built-In Cabinets Closet Cabinets Custom Mirrors Fire Sprinkler Fireplace Foyer Laundry Tub Pantry Smoke Detectors Wired for Sound Tray Ceiling(s) Volume Ceiling Wet Bar
Flooring Tile Wood
Furnished Y/N Unfurnished
Total Stories 1
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Half Baths 1
Laundry Features Laundry in Residence Laundry Tub
Total Bedrooms 4
Total Baths 5
Dining Room Features Breakfast Bar Dining - Living
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GeneralHeating Central Electric
Cooling Ceiling Fan(s) Central Electric Humidistat Whole House Fan
Roof Built-Up
Appliances Dishwasher Disposal Double Oven Dryer Microwave Range Refrigerator/Freezer Self Cleaning Oven Washer Wine Cooler
HOA Fee 32000
Garage Spaces 2
Gas Y/N Propane
Architectural Style Contemporary Low Rise (1-3)
Pool Features Community
Security Features Security System Smoke Detector(s) Fire Sprinkler System
Construction Materials Concrete Block Stucco
Pets Allowed With Approval
Year Built 2024
View Bay City Landscaped Area Parking Lot Water
Levels 1
Unit Number #201
Property Subtype Low Rise (1-3)
Tax Year 2025
Waterfront Features Bay
Community Features Pool Sidewalks Street Lights
County Collier
New Construction Y
Property Type Residential
Association Amenities Pool Concierge Storage Internet Access Sidewalk Streetlight
HOA N
Attached Garage Y
Subdivision Name VELA BAY
Garage Y/N Y
Building Features DSL/Cable Available
Total Rooms 0
Full Baths 4
Status Active
City NAPLES
Senior Community Y/N N
Number Of Units Total 4
MLS Area OLDE NAPLES
Lot Size Units Acres
Lot Size Square Feet 0
Carport Spaces 0
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 853.32
Ok to Lease Buyer Finance/Cash
Additional Parcels Y/N N
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Virtual Tour https://track.pstmrk.it/3s/tour.realtoursswfl.com%2Fsites%2Frbvmqxad%2Funbranded/cUpU/LhXHAQ/AQ/db494035-b163-43b6-8bc6-889ff586e91f/3/FL-Rr_yyoE
Legal Description OLD COVE THE A CONDOMINIUM 2ND ADD UNIT 8C-5
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ExteriorExterior Amenities Balcony Open Porch/Lanai
Parking Features Covered Attached
Lot Features Zero Lot Line
Water Source Central
Total Parking 2
Lot Size Area 0
Foundation Details Concrete Block
Park Name OLDE NAPLES
Spa N
Building Area Total 5307
Lot Size Acres 0
Frontage Type Bay/Harbor
Waterfront Y/N Y
Covered Spaces 2
Horse Y/N N
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* Excluded FeaturesList ByJohn R Wood PropertiesBroker
Affordability Calculator
- Monthly Principal & Interest
- $37,853
- Monthly Property Taxes
- $71
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCondo listings in Naples, FL
Average List Price $1,186,976
Percent of Sale Price 80%
About Naples, FL 20,223 Population
-8% Since 2002
$ 92,989 Median Income
66.65 Median Age
8% Households with Children
Trends Information provided by ATTOM Data Solutions.
1023012 Elementary School
1023173 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/4/2026 | $5,995,000 | | Listed Price |