$7,695,000
OPEN SAT 12PM - 3PM NEW CONSTRUCTION

1165 8th St S Unit 302 Naples, FL 34102

Downtown Naples Neighborhood

Estimated payment $45,113/month

Total Views 248
4 Beds
4.5 Baths
4,378 Sq Ft
$1,758 Price per Sq Ft

Highlights

  • Concierge
  • Property Fronts a Bay or Harbor
  • Walk-In Cooler
  • Water access To Gulf or Ocean
  • New Construction
  • Deck

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

  • Property Fronts a Bay or Harbor
  • Landscaped
  • Zero Lot Line

HOA Fees

  • $2,667 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Tuck Under Parking
  • Driveway
  • Guest Parking
  • Deeded Parking

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
  • Furnished
  • Wired For Sound
  • Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace
  • Entrance Foyer
  • Great Room
  • Combination Dining and Living Room

Kitchen

  • Breakfast Bar
  • Butlers Pantry
  • Double Self-Cleaning Oven
  • Grill
  • Gas Cooktop
  • Microwave
  • Walk-In Cooler
  • 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
  • Walk-In Closet
  • Freestanding Bathtub
  • Soaking Tub

Laundry

  • Laundry in unit
  • Dryer
  • Washer
  • Laundry Tub

Home Security

Outdoor Features

  • Water access To Gulf or Ocean
  • Deck
  • Outdoor Kitchen
  • Lanai
  • Attached Grill
  • Porch

Schools

  • Lake Park Elementary School
  • Gulfview Middle School
  • Naples High School

Utilities

  • Humidstat
  • Whole House Fan
  • Central Heating and Cooling System
  • Power Generator
  • 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 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

3

Listing Details

  • Property Type: Residential
  • Year Built: 2024
  • Property Sub Type: Low Rise (1-3)
  • Community Features: Pool, Sidewalks, Street Lights
  • Frontage: Bay/Harbor
  • Horses: No
  • Lot Features: Zero Lot Line
  • Park Name: OLDE NAPLES
  • Road Surface Type: Paved
  • Is Senior Community?: No
  • Has View?: Yes
  • Security Features: 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: VELA BAY
  • Architectural Style: Contemporary, Low Rise (1-3)
  • Has Fireplace?: Yes
  • Unit Levels: 1
  • Is New Construction?: Yes
  • NABOR_CondoFee: 8000
  • NABOR_GulfAccessYN: Yes
  • NABOR_GasYN: Yes
  • OpenHouseUpcoming: Public: Sat Aug 8, 12:00PM-3:00PM
  • OpenHouseCount: 2
  • Elevator: Secured
  • NABOR_CableAvailableYN: Yes
  • Boat Access: None
  • LastChangeTimestamp: 2026-08-04T20:53:04.033Z
  • Community Type: Non-Gated
  • BridgeModificationTimestamp: 2026-08-05T01:33:44.154Z
  • ActiveOpenHouseCount: 2
  • NABOR_CondoFeeFreq: Quarterly
  • ListAgent_MUI: 14601720
  • NABOR_AuctionYN: No
  • NABOR_MandatoryHOAYN: Yes
  • Gulf Access Type: No Bridge(s)/Water Direct
  • Building Desc: Contemporary
  • Equipment: Cooktop - Gas, Dishwasher, Disposal, Double Oven, Dryer, Generator, Grill - Gas, Microwave, Range, Refrigerator/Freezer, Self Cleaning Oven, Smoke Detector, Walk-In Cooler, Washer, Wine Cooler
  • CoListAgent_MUI: 52147439
  • Additional Rooms: Great Room, Laundry in Residence, Open Porch/Lanai
  • NABOR_ListPrice: 7695000
  • Special Features: 4099

Interior Features

  • Flooring: Tile, Wood
  • Interior Amenities: Bar, Built-In Cabinets, Closet Cabinets, Custom Mirrors, Fire Sprinkler, Fireplace, Foyer, Laundry Tub, Pantry, Smoke Detectors, Wired for Sound, Volume Ceiling, Walk-In Closet(s), Wet Bar
  • Private Spa: No
  • Appliances: Gas Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Grill - Gas, Microwave, Range, Refrigerator/Freezer, Self Cleaning Oven, Walk-In Cooler, Washer, Wine Cooler
  • Other Equipment: Generator
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • 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, Water
  • Exterior Features: Open Porch/Lanai, Built In Grill, Outdoor Kitchen
  • Pool Features: Community
  • Has Private Pool?: No
  • Waterfront Features: Bay
  • Construction Type: Concrete Block, Stucco
  • Foundation Details: Concrete Block
  • Other Structures: Outdoor Kitchen
  • Patio And Porch Features: Deck

Garage/Parking

  • Garage Spaces: 3
  • Has Attached Garage?: Yes
  • Has Carport?: No
  • Covered Parking Spaces: 3
  • Has Attached Garage?: Yes
  • Parking Features: Deeded, Driveway Paved, Guest, Paved, Under Bldg Closed, Attached
  • Total Parking Spaces: 3

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

Schools

  • Elementary School: LAKE PARK ELEMENTARY
  • High School: NAPLES HIGH SCHOOL
  • Middle Or Junior School: GULFVIEW MIDDLE SCHOOL

Lot Info

  • Waterfront: Yes
  • 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: Furnished
  • 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

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 $7,695,000 -- $1,758 / Sq Ft
Source: Naples Area Board of REALTORS®

Source: Naples Area Board of REALTORS®

MLS Number: 226028046

Naples Area Board of REALTORS®
Florida Collier County Naples 34102 Downtown Naples

1165 8th St S Unit 302, 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) 579-3285
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