$6,795,000
OPEN SAT 12PM - 3PM NEW CONSTRUCTION

1165 8th St S Unit 202 Naples, FL 34102

Downtown Naples Neighborhood

Estimated payment $40,157/month

Total Views 86
4 Beds
4.5 Baths
4,378 Sq Ft
$1,552 Price per Sq Ft

Highlights

  • Concierge
  • Bay View
  • Freestanding Bathtub
  • New Construction
  • Contemporary Architecture
  • Vaulted Ceiling

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.

Listing Agent

Kimberly Alvord

John R Wood Properties Listed on: 08/04/2026

John R Wood Properties

Co-Listing Agent

Tyler Bradley

John R Wood Properties

Open House Schedule

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
  • 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
  • Old Cove Subdivision
  • Mandatory home owners association

Amenities

  • Concierge
  • Community Storage Space

Recreation

  • Community Pool

Pet Policy

  • Pets allowed on a case-by-case basis

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$853

Year Built

Built in 2024 | New Construction

Lot Details

0 Sq Ft Lot

HOA Fees

$2,667 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2024
  • Property Sub Type: Low Rise (1-3)
  • Community Features: Pool, Sidewalks, Street Lights
  • Horses: No
  • Lot Features: Zero Lot Line
  • Park Name: OLDE NAPLES
  • Road Surface Type: Paved
  • Is Senior Community?: No
  • Has View?: Yes
  • Security Features: Security System, Smoke Detector(s), Fire Sprinkler System
  • Association Amenities: Pool, Concierge, Storage, Internet Access, Sidewalk, Streetlight
  • Association Fees: 32000
  • Has H O A?: Yes
  • Co List Office Mls Id: WOOD05
  • Co List Office Phone: 239-434-0101
  • Co List Office Mls Id: WOOD05
  • Standard Status: Active
  • Subdivision Name: OLD COVE
  • Architectural Style: Contemporary, Low Rise (1-3)
  • Has Fireplace?: Yes
  • Unit Levels: 1
  • Is New Construction?: Yes
  • NABOR_CondoFee: 8000
  • NABOR_GulfAccessYN: No
  • NABOR_GasYN: Yes
  • OpenHouseUpcoming: Public: Sat Aug 8, 12:00PM-3:00PM
  • OpenHouseCount: 2
  • Elevator: Secured
  • NABOR_CableAvailableYN: Yes
  • Boat Access: None
  • LastChangeTimestamp: 2026-08-04T20:55:27.490Z
  • Community Type: Non-Gated
  • BridgeModificationTimestamp: 2026-08-07T18:45:52.457Z
  • ActiveOpenHouseCount: 2
  • NABOR_CondoFeeFreq: Quarterly
  • ListAgent_MUI: 14601720
  • NABOR_AuctionYN: No
  • CDOM: 3
  • NABOR_MandatoryHOAYN: Yes
  • Building Desc: Contemporary
  • Equipment: Dishwasher, Disposal, Double Oven, Dryer, Microwave, Range, Refrigerator/Freezer, Security System, Self Cleaning Oven, Smoke Detector, Washer, Wine Cooler
  • CoListAgent_MUI: 52147439
  • DOM: 3
  • Additional Rooms: Great Room, Laundry in Residence, Open Porch/Lanai
  • NABOR_ListPrice: 6795000
  • Special Features: 4099

Interior Features

  • Flooring: Tile, Wood
  • Interior Amenities: 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
  • Private Spa: No
  • Appliances: Dishwasher, Disposal, Double Oven, Dryer, Microwave, Range, Refrigerator/Freezer, Self Cleaning Oven, Washer, Wine Cooler
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Stories: 1
  • Room Bedroom Features: Split Bedrooms
  • Room Dining Room Features: Breakfast Bar, Dining - Living
  • Kitchen Description: Island
  • NABOR_Bedrooms: 4 Bed

Exterior Features

  • Roof: Built-Up
  • View: Bay, City, Landscaped Area, Parking Lot
  • Exterior Features: Open Porch/Lanai, Built In Grill
  • Pool Features: Community
  • Has Private Pool?: No
  • Waterfront Features: None
  • Construction Type: Concrete Block, Stucco
  • Foundation Details: Concrete Block

Garage/Parking

  • Garage Spaces: 2
  • Has Attached Garage?: Yes
  • Has Carport?: No
  • Covered Parking Spaces: 2
  • Has Attached Garage?: Yes
  • Parking Features: Attached
  • Total Parking Spaces: 2

Utilities

  • Cooling: Ceiling Fan(s), Central Electric, Humidistat, Whole House Fan
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Laundry Features: Laundry in Residence, Laundry Tub
  • Green Building Features: DSL/Cable Available
  • Heating: Central Electric
  • Water Source: Central
  • Gas: Propane

Condo/Co-op/Association

  • Pets Allowed: With Approval

Lot Info

  • Waterfront: No
  • Land Lease Expiration Date: 2027-08-03
  • Additional Parcels: No

Rental Info

  • Lease Term: Buyer Finance/Cash

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 853.32

Multi Family

  • Number Of Units Furnished: Unfurnished
  • Number Of Units Total: 4

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2025 $859 $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
Source: Public Records

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
Source: Naples Area Board of REALTORS®

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 --
Source: Public Records

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: Public Records

Source: Naples Area Board of REALTORS®

MLS Number: 226028042

Naples Area Board of REALTORS®

APN: 14700760005

Florida Collier County Naples 34102 Downtown Naples

1165 8th St S Unit 202, Naples, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Naples Area Board of REALTORS® The source of this real property information is the copyrighted and proprietary database compilation of the M.L.S. of Naples, Inc. Copyright 2026 M.L.S. of Naples, Inc. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.

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Kimberly Alvord
Listing Agent
Kimberly Alvord
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John R Wood Properties
(239) 329-8779
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