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New construction
  • Price increase: $300K (8/4)
    $6,795,000

    1165 8TH ST S #202, NAPLES, FL 34102

    4beds
    4,378sqft
    : 
    $45,423/mo
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    Condominium
    Built in 2024
    -- sqft lot
    $-- Zestimate®
    $1,552/sqft
    $2,667/mo HOA

    What's special

    Designer finishesOutdoor kitchenInviting lounge areasQuartz countertopsOverlooking naples bayPremium appliancesCustom wet bar
    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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    Zillow last checked:

    Listing updated:

    Listed by:

    Kimberly Alvord 239-919-2742,

    John R Wood Properties,

    Tyler Bradley 310-433-9167,

    John R Wood Properties

    Source: SWFLMLS,MLS#: 226028042MLS LogoOriginating MLS: Naples

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Great Room, Open Porch/Lanai, 4 Bed
      Bedroom
      • Features: Split Bedrooms
      Dining room
      • Features: Breakfast Bar, Dining - Living
      Kitchen
      • Features: Island
      Heating
      • Central
      Cooling
      • Ceiling Fan(s), Central Air, Humidity Control, Whole House Fan
      Appliances
      • Included: Dishwasher, Disposal, Double Oven, Dryer, Microwave, Range, Refrigerator/Freezer, Self Cleaning Oven, Washer, Wine Cooler
      • Laundry: Inside, Laundry Tub
      Features
      • Bar, Built-In Cabinets, Closet Cabinets, Custom Mirrors, Fire Sprinkler, Fireplace, Foyer, French Doors, Laundry Tub, Pantry, Smoke Detectors, Wired for Sound, Tray Ceiling(s), Volume Ceiling, Wet Bar, Great Room, Laundry in Residence, Open Porch/Lanai
      • Flooring: Tile, Wood
      • Doors: French Doors, Impact Resistant Doors
      • Windows: Impact Resistant Windows
      • Has fireplace: Yes
      Interior area
      • Total structure area: 5,108
      • Total interior livable area: 4,378 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached
      • Attached garage spaces: 2
      Features
      • Stories: 1
      • Patio & porch: Open Porch/Lanai
      • Exterior features: Outdoor Grill
      • Pool features: Community
      • Has view: Yes
      • View description: Bay, City, Landscaped Area, Parking Lot
      • Has water view: Yes
      • Water view: Bay
      • Waterfront features: None
      Lot
      • Features: Zero Lot Line

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Contemporary
      • Property subtype: Condominium
      Materials
      • Block, Stucco
      • Foundation: Concrete Block
      • Roof: Built-Up
      Condition
      • New construction: Yes
      • Year built: 2024

      Utilities & green energy

      • Gas: Propane
      • Water: Central

      Community & HOA

      Community
      • Features: Pool, Sidewalks, Street Lights, Non-Gated
      • Security: Security System, Smoke Detector(s), Fire Sprinkler System
      • Subdivision: VELA BAY
      HOA
      • Has HOA: Yes
      • Amenities included: Pool, Concierge, Storage, Internet Access, Sidewalk, Streetlight
      • HOA fee: $32,000 annually
      Location
      • Region: Naples

      Financial & listing details

      • Price per square foot: $1,552/sqft
      • Annual tax amount: $853
      • Date on market: 8/4/2026
      • Lease term: Buyer Finance/Cash
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/4/2026Price change$6,795,000+4.6%$1,552/sqft
        Source: SWFLMLS #226028042 Report a problem
        3/25/2025Price change$6,495,000-23.5%$1,484/sqft
        Source: SWFLMLS #225029380 Report a problem
        12/13/2024Listed for sale$8,495,000+46.5%$1,940/sqft
        Source: SWFLMLS #224083551 Report a problem
        11/4/2024Listing removed$5,800,000$1,325/sqft
        Source: SWFLMLS #221083726 Report a problem
        4/18/2022Pending sale$5,800,000$1,325/sqft
        Source: SWFLMLS #221083726 Report a problem
        3/4/2022Listed for sale$5,800,000$1,325/sqft
        Source: SWFLMLS #221083726 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Old Naples

        Getting around

        66 / 100
        Somewhat Walkable
        46 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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