$5,995,000

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… Read More 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 Read Less

Listing courtesy of John R Wood Properties.

Listing Snapshot

Days Online

Last Updated

Nov 7, 2026

Property Type

Low Rise (1-3)

Beds

Full Baths

Partial Baths

Square Ft.

4,371

Year Built

2024

MLS Number

226028036

Additional Details

Building

Built in 2024, Living area: 4371, Living area units: Square Feet, 1 storey, Levels: 1, Entry level: 2, Construction Materials: Concrete Block, Stucco

Appliances & Equipment

Dishwasher, Disposal, Double Oven, Dryer, Microwave, Range, Refrigerator/Freezer, Self Cleaning Oven, Washer, Wine Cooler

Community

Park Name: OLDE NAPLES, Pool, Sidewalks, Street Lights

Cooling

Ceiling Fan(s), Central Electric, Humidistat, Whole House Fan

Exterior Features

Balcony, Open Porch/Lanai

Floors

Tile, Wood

Foundation

Concrete Block

Garage

2 spaces

Heating

Central Electric

Home Owner's Association

Association Fee: $32,000, Amenities: Pool, Concierge, Storage, Internet Access, Sidewalk, Streetlight

Interior Features

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

Laundry

Laundry in Residence, Laundry Tub

Lot

Zero Lot Line

Parking

2 covered spaces, 2 total parking spaces, Covered, Attached

Pets Policy

Allowed: With Approval

Pool

Community

Property

Bay, City, Landscaped Area, Parking Lot, Water

Roof

Built-Up

Security Features

Security System, Smoke Detector(s), Fire Sprinkler System

Taxes

Annual Amount: $853.32, Legal Description: OLD COVE, THE A CONDOMINIUM 2ND ADD UNIT 8C-5, Year: 2025

Utilities

Water Source: Central

Water Features

Frontage Type: Bay/Harbor, Bay

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1165 8TH ST S #201

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