1165 8th St S Unit 202 Naples, FL 34102
Downtown Naples NeighborhoodEstimated payment $41,099/month
Highlights
- Concierge
- New Construction
- Contemporary Architecture
- Lake Park Elementary School Rated A
- Bay View
- Freestanding Bathtub
About This Home
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.
Open House Schedule
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Saturday, September 26, 202612:00 to 2:00 pm9/26/2026 12:00:00 PM +00:009/26/2026 2:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $853
Year Built
- Built in 2024 | New Construction
Lot Details
- Landscaped
- Zero Lot Line
HOA Fees
- $2,667 Monthly HOA Fees
Parking
- 2 Car Attached Garage
Property Views
- Bay
- City
Home Design
- Contemporary Architecture
- Entry on the 2nd floor
- Concrete Block With Brick
- Concrete Foundation
- Built-Up Roof
- Stucco
Interior Spaces
- Property has 1 Level
- Wet Bar
- Custom Mirrors
- Wired For Sound
- Bar
- Tray Ceiling
- Vaulted Ceiling
- Ceiling Fan
- Fireplace
- French Doors
- Entrance Foyer
- Great Room
- Combination Dining and Living Room
- Home Security System
Kitchen
- Breakfast Bar
- Butlers Pantry
- Double Self-Cleaning Oven
- Range
- Microwave
- Freezer
- Dishwasher
- Wine Cooler
- Kitchen Island
- Built-In or Custom Kitchen Cabinets
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Split Bedroom Floorplan
- Built-In Bedroom Cabinets
- Freestanding Bathtub
- Soaking Tub
Laundry
- Laundry in unit
- Dryer
- Washer
- Laundry Tub
Outdoor Features
- Lanai
- Attached Grill
- Porch
Utilities
- Humidstat
- Whole House Fan
- Central Heating and Cooling System
- Propane
- Gas Available
- Internet Available
- Cable TV Available
Community Details
Overview
- 4 Units
- Vela Bay Subdivision
- Mandatory home owners association
Amenities
- Concierge
- Community Storage Space
Recreation
- Community Pool
Pet Policy
- Pets up to 100 lbs
- Limit on the number of pets
Security
- Fire and Smoke Detector
- Fire Sprinkler System
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $853 | $103,703 | ||
| 2025 | $853 | $94,275 | $94,275 | |
| 2024 | $857 | $94,275 | $94,275 | |
| 2023 | $857 | $91,258 | $0 | $0 |
| 2022 | $947 | $82,962 | $0 | $0 |
| 2021 | $774 | $75,420 | $0 | $75,420 |
| 2020 | $733 | $69,135 | $0 | $0 |
| 2019 | $645 | $62,850 | $0 | $62,850 |
| 2018 | $644 | $62,850 | $0 | $62,850 |
| 2017 | $648 | $62,850 | $0 | $62,850 |
| 2016 | $2,926 | $282,825 | $0 | $0 |
| 2015 | $2,447 | $207,405 | $0 | $0 |
| 2014 | $2,029 | $188,550 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/04/2026 08/04/26 | For Sale | $6,795,000 | -- | $1,552 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | Attorney | |
| Deed | $100 | -- | |
| Warranty Deed | $2,700,000 | Attorney | |
| Deed | -- | Title Priorities | |
| Warranty Deed | $1,000,000 | Title Priorities | |
| Corporate Deed | $425,000 | Signet Title Services Llc | |
| Warranty Deed | $379,000 | -- | |
| Warranty Deed | $320,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $206,000 | Unknown | |
| Previous Owner | $303,200 | Commercial | |
| Previous Owner | $136,000 | New Conventional |
Source: Naples Area Board of REALTORS®
MLS Number: 226028042
APN: 14700760005
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Ask me questions while you tour the home.