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$6,795,000
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Property Description
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.
Full Property Details
Full Property Details for 1165 8th St S #202
General
- Price: $6,795,000
- HOA FEE: $2,667/month
- HOA FEE FREQ.: Quarterly
- Taxes: (2025)
- Status: Active
- Type: Single Family
- Source: Bonita_Springs
- MLS ID: 226028042
- Updated: 8/8/2026
- Added to Site: 11 day(s) ago
Rental Information
- Lease/Rent Term: 30
- Min. Lease (Days): 30
Interior
- Interior Features: Secured Elevator, Split Bedrooms, Great Room, Bar, Built-In Cabinets, Wired for Data, Closet Cabinets, Custom Mirrors, Entrance Foyer, Pantry, Wired for Sound, Tray Ceiling(s), Volume Ceiling, Wet Bar
- Fireplace: Yes
- Appliances: Dishwasher, Disposal, Double Oven, Dryer, Microwave, Range, Refrigerator/Freezer, Self-Cleaning Oven, Washer, Wine Cooler
- Furnishings: Unfurnished
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 4
- Half Bathrooms: 1
- Primary Bathroom: Dual Sinks, Multiple Shower Heads, Separate Tub And Shower
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Kitchen: Kitchen Island
- Dining Room: Breakfast Bar, Dining - Living
- Laundry: Inside, Sink
Additional Information
- Shared Amenities: Pool, Concierge Services, Extra Storage, Internet Access, Sidewalks, Street Lights, Non-Gated
- Security/Safety: Security System, Smoke Detector(s), Fire Sprinkler System, Smoke Detectors
Exterior
- Exterior Features: Outdoor Grill, Automatic Sprinkler
- Porch/Patio/Deck: Open Porch/Lanai
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Attached
Location
- Area: NA06 - Olde Naples Area Golf Dr to 14th Ave S
- County: Collier
- Subdivision: VELA BAY
- Building Name: OLDE NAPLES
- Direction Faces: Southwest
Community
- Association: Yes
- Assoc. Fees Include: Cable TV, Concierge Service, Insurance, Irrigation Water, Maintenance Grounds, Legal/Accounting, Pest Control Exterior, Repairs, Reserve, Security, Sewer, Street Lights, Street Maintenance, Trash, Water
- Units Assoc/Comm: 8
- Pets Allowed: Yes
- Number of Pets: 2
- Management Type: Professional
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Central Electric, Humidity Control, Whole House Fan
- Heating Type: Central Electric, Fireplace(s)
Utilities
- Gas: Propane
- Sewer: Central
- Water: Central
- Cable Available: Yes
- Utility Description: Propane, Cable Available
Structural Information
- Architectural Style: Contemporary
- Description/Design: Low Rise (1-3)
- Exterior Const.: Concrete Block, Stucco
- Roof: Built-Up or Flat
- Windows: Impact Resistant, Sliding, Impact Resistant Windows
- Doors: Impact Resistant Doors, French Doors
- Entry Floor Number: 2
- Stories/Levels: 1
- Stories in Building: 1
- Square Feet: 4,378
- Sq. Ft. Source: Property Appraiser Office
- Living Area: 4,378 Sq. Ft.
- Year Built: 2024
- Property Condition: New Construction
- Other Struct. Feat.: Elevator
Lot Features
- Property View: Bay, City, Landscaped Area, Parking Lot
- Lot Size Source: Property Appraiser Office
- Street/Road Desc.: Paved
- Irrigation System: Central
- Lot Features: Zero Lot Line
- Lot Description: Zero Lot Line
Water Features
- Water Front Desc.: None
- Canal Width: None
Financial Considerations
- Condo Fee: $8,000
- Condo Fee Freq: Quarterly
- Tax Year: 2025
- Terms: Buyer Finance/Cash
Disclosures and Reports
- Ownership: Condo
- Legal Description: OLD COVE, THE A CONDOMINIUM 2ND ADD UNIT 8C-5
- Section: 10
- Lot Number: 202
Listed by John R Wood Properties
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Schools
Schools serving 1165 8th St S #202
School District:Collier County School District
| Name | Grades | Distance |
|---|---|---|
Lake Park Elementary School, Naples, FL 1295 14th Avenue North, Naples, FL 34102 | K-5 | 2.2 mi |
Naples High School 1100 Golden Eagle Circle, Naples, FL 34102 | 9-12 | 2.7 mi |
Gulfview Middle School 255 6th Street South, Naples, FL 34102 | 6-8 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1165 8th St S #202
Date
Details
Price
Change
Source
8/04/2026
Listed
$6,795,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1165 8th St S #202
Year
Property Taxes
Change
Tax Assessment
Change
2025
$740
3%
$120,425
3%
2024
$719
3%
$117,031
3%
2023
$696
-2%
$113,622
6%
2021
$708
1%
$107,100
-3%
2022
$703
-1%
$110,313
4%
2021
$708
5%
$105,621
2%
2019
$674
3%
$103,246
2%
2018
$652
3%
$101,321
2%
2017
$635
3%
$99,237
2%
2016
$619
-2%
$97,196
1%
2015
$632
—
$96,520
1%
2014
$632
1%
$95,754
1%
2013
$625
—
$94,339
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1165 8th St S #202
1165 8th St S #202, Naples, FL 34102 (MLS# 226028042) is a Single Family property with 4 bedrooms, 4 full bathrooms and 1 partial bathroom. 1165 8th St S #202 is currently listed for $6,795,000 and was received on August 04, 2026. Want to learn more about 1165 8th St S #202? Do you have questions about finding other Single Family real estate for sale in Naples? You can browse all Naples real estate or contact a Coldwell Banker agent to request more information.

