Olde Naples • Naples Bay Views • Ultra-Luxury New Construction
Vela Bay Condos for Sale in Olde Naples Florida
Vela Bay is an ultra-low-density contemporary condominium development at 1165 8th Street South in Olde Naples, combining expansive four-bedroom residences, Naples Bay views, private garages, direct elevator access, large terraces and a rooftop pool environment within the Crayton Cove area of Downtown Naples.
The completed first building contains only four private residences. Current Vela Bay homes provide more than 4,300 square feet of air-conditioned living area, four bedrooms, four-and-one-half baths and private two- or three-car garage configurations.
This is therefore not a conventional low-rise Naples condominium. The residences are sized and designed more like large luxury homes, but provide the lock-and-leave structure of condominium ownership.
Four Completed Residences 2024 Construction 4 Bedrooms 4.5 Baths 4,300+ Sq. Ft. 2-3 Car Private Garages Direct Elevator Access Large Terraces Rooftop Pool & Outdoor Kitchen
An Intimate Collection of Four Luxury Residences
Vela Bay's completed building contains just four condominium residences, creating one of the lowest-density luxury condominium environments in Olde Naples.
Current residence numbers include homes on the second and third levels, with only a small number of neighbors sharing the building, lobby, rooftop amenity area and other common elements.
Low density can be attractive to buyers seeking privacy, but it also makes association financial review especially important because major common expenses are shared among relatively few owners.
Vela Bay & the Earlier Nautilus Naples Name
Buyers researching Vela Bay may encounter earlier listings, property records and sales marketed under the Nautilus or Nautilus Naples name.
The first residences at 1165 8th Street South were originally introduced under the Nautilus identity. Current Naples MLS records now identify the condominium building and subdivision as Vela Bay.
This name history is useful when researching prior sales because an older comparable property may appear under Nautilus even though the same 1165 8th Street South building is now marketed as Vela Bay.
Comparable-sale research: when analyzing Vela Bay, search both current Vela Bay records and historical Nautilus Naples transactions so that relevant prior sales are not accidentally overlooked.
Vela Bay Phase II
The broader project was conceived as a very limited luxury condominium enclave rather than a single large building.
Current Vela Bay marketing describes a planned second phase that would introduce four additional luxury residences.
Because construction schedules, approvals, specifications and availability can change, buyers should verify the current Phase II status directly at the time they are considering a purchase.
The relationship between an existing Phase I residence and future construction should also be considered when evaluating views, construction activity, common expenses and long-term association structure.
Vela Bay Floor Plans & Residence Sizes
Current Vela Bay listings demonstrate a remarkably consistent large-residence format.
The available homes contain approximately 4,371 to 4,378 square feet of living area with four bedrooms and four-and-one-half baths.
These dimensions place Vela Bay far above the size of a conventional Downtown Naples condominium and allow the residences to function more like single-family luxury homes in their interior scale.
Buyers should nevertheless compare exact interior living area, terraces, garage size, first-floor auxiliary space and storage separately.
Single-Level Main Living With Private Auxiliary Space
The principal residential floors use large open layouts with separate bedroom suites and extensive entertaining areas.
Current residences also include flexible first-floor space that can serve as a private office, fitness room, media space or wellness area depending on owner preference.
This additional private space is especially meaningful for buyers who work from home or want a gym or studio without sacrificing one of the four principal bedrooms.
Direct Coded Elevator Entry
Vela Bay residences provide secure elevator access leading directly toward the private residential foyer.
That configuration creates a more private arrival than a traditional condominium hallway and helps reinforce the single-family-home character of the residences.
Buyers should verify elevator ownership, service responsibilities, emergency systems, maintenance agreements and any shared costs in the current condominium documents.
Private Two- & Three-Car Garages
Private enclosed garage capacity is one of Vela Bay's most distinctive Downtown Naples features.
Current residences provide private garage configurations with approximately two to three spaces depending on the specific unit. Historical Vela Bay and Nautilus records also reference climate-controlled storage associated with individual residences.
That is a substantially different ownership experience from Olde Naples condominiums offering only assigned surface parking or one under-building space.
Garage due diligence: verify the exact deeded garage, dimensions, vehicle capacity, storage area, electrical service and any climate-control equipment associated with the individual residence.
Expansive Terraces & Indoor-Outdoor Living
Large outdoor terraces are integral to the Vela Bay design. Floor-to-ceiling glass visually connects the great room and primary living areas with the Naples Bay setting.
Current floor plans provide substantial outdoor areas rather than small conventional condo balconies.
Buyers should compare terrace dimensions, orientation, privacy, sunlight, bay-view corridor and maintenance responsibilities when evaluating two otherwise similar Vela Bay residences.
Naples Bay, City & Gulf-Skyline Views
Vela Bay's position near Crayton Cove creates a combination of bay, city and skyline outlooks.
Current listings describe expansive Naples Bay views from the primary living areas and terraces, while the rooftop amenity level provides panoramic perspectives that can extend toward the Gulf skyline and evening sunsets.
Individual residence views can still differ by floor, orientation, adjacent structures and future nearby construction, so view quality should be evaluated from the exact residence.
Bay Views Without Private Boat Access
Vela Bay should not be confused with nearby Olde Naples boating condominiums simply because it overlooks Naples Bay.
Current Agent4Naples MLS information for the available Vela Bay residences identifies Naples Bay frontage or water views but reports no private boat access.
Buyers who require a condominium with a deeded or transferable boat slip should separately compare Marina Manor and Olde Naples Seaport .
Waterfront does not automatically mean boating: Vela Bay's current value proposition centers on the Naples Bay setting and views rather than an included private boat slip.
Open Great Rooms & Floor-to-Ceiling Glass
The primary living areas are designed around a large open-concept great room with substantial glass and direct connection to the outdoor terrace.
Current residences include a linear gas fireplace as a focal point, creating a contemporary living environment that works for both everyday use and larger-scale entertaining.
The combination of interior width, glass, ceiling volume and terrace access is more useful for valuation than square footage alone.
European-Style Kitchens & Butler's Pantries
Vela Bay kitchens were designed as a central feature of the residences rather than secondary enclosed rooms.
Current specifications include European-style cabinetry, premium appliances, built-in refrigerator and freezer columns, six-burner gas cooking, quartz surfaces and an approximately 12-foot island.
A separate butler's pantry expands food preparation and storage capacity and can include a built-in coffee system, wet bar and wine storage.
Buyers should verify the exact appliance package and any owner customizations in the residence being considered.
Primary Suites With Terrace Access
The primary bedroom suites are designed as large private retreats with direct outdoor access.
Current residences include spa-style baths with freestanding soaking tubs, oversized showers, dual vanities and substantial storage.
Primary-suite orientation toward the water and terrace can be an important differentiator when comparing individual Vela Bay homes.
Rooftop Pool, Outdoor Kitchen & Lounge
The rooftop amenity level is one of Vela Bay's signature features.
Current residences have access to a rooftop pool, outdoor kitchen and lounge environment positioned to take advantage of panoramic views across Naples Bay, the surrounding city and the western skyline.
For a development with only four completed residences, this creates a notably private shared amenity environment compared with a large high-rise condominium.
Buyers should review maintenance responsibilities, reserve planning, hours, guest rules and future sharing arrangements if additional phases become part of the condominium structure.
Boutique Lobby & Concierge Service
A boutique lobby and concierge component reinforce Vela Bay's small-scale luxury positioning.
Because service levels can change over time, buyers should verify the current concierge schedule, responsibilities and cost through the association rather than relying solely on original development marketing.
Private Storage
Vela Bay residences include storage in addition to their private garage capacity.
Historical development information describes individually assigned climate-controlled storage areas, an especially useful feature for owners keeping seasonal clothing, luggage, sports equipment or household belongings in Naples.
The specific storage area and legal rights should be confirmed for the individual residence.
2024 Contemporary New Construction
Current Vela Bay inventory identifies 2024 construction and contemporary low-rise building design.
The residences incorporate concrete-block construction, modern fire protection, high-impact openings, contemporary mechanical systems and other features expected in a newer luxury Naples condominium.
Newer construction reduces some of the age-related questions found in much older Olde Naples communities, but it does not eliminate the need for inspections, warranty review and association due diligence.
Impact-Resistant Glass & Storm Protection
Current Vela Bay property records identify high-impact windows and modern storm-resistant construction features.
Buyers should nevertheless verify the actual product specifications, warranties and association responsibility for windows and doors, particularly because large expanses of glass are an important part of the residence design.
Smart-Home & Technology Features
Earlier Vela Bay and Nautilus marketing emphasized integrated smart home technology, energy-efficient lighting and contemporary wiring.
Technology systems can age or be customized rapidly, so buyers should verify the current controls for lighting, climate, security, audio, shades and other connected systems in the specific residence.
Vela Bay at Crayton Cove
Vela Bay is located at 1165 8th Street South in the Crayton Cove area of Olde Naples.
The location places owners near Naples Bay while remaining convenient to the restaurants, shops, galleries and cultural destinations of the Downtown Naples street grid.
That creates a very different setting from a Gulf-front high-rise: Vela Bay combines expansive contemporary residences and bay views with the low-rise scale of Olde Naples.
Near Fifth Avenue South & Third Street South
Vela Bay is convenient to two of Naples' best-known downtown districts: Fifth Avenue South and Third Street South.
Restaurants, boutiques, galleries and entertainment are accessible from the Olde Naples street network without requiring residents to live directly above the busiest commercial blocks.
Buyers considering Vela Bay should evaluate their preferred walking or cycling routes to the specific restaurants, shops and beach accesses they expect to use regularly.
Vela Bay Near Naples Beaches
Vela Bay faces the Naples Bay side of Olde Naples rather than the Gulf of Mexico.
Naples' white-sand beaches remain readily accessible through the Olde Naples street grid, allowing owners to combine a bay-view residence with the broader coastal lifestyle of Downtown Naples.
Buyers who require direct Gulf frontage should separately compare Naples Beachfront Condos .
Vela Bay Condominium Association Due Diligence
Low-density luxury condominiums require a different financial review from large buildings with hundreds of owners.
Because Vela Bay currently has only four completed residences, buyers should understand exactly how operating expenses, insurance, rooftop amenities, elevator systems, garage areas and future capital projects are allocated.
Operating Budget Review recurring building expenses and the services included in the condominium fee.
Reserve Funding Understand reserve planning for future building and amenity replacement.
Master Insurance Review building coverage, deductibles and individual-owner responsibilities.
Rooftop Amenities Determine operating and future replacement costs for the rooftop pool and outdoor areas.
Elevators Review maintenance contracts, service history and expense allocation.
Future Phase Understand how additional planned residences could affect common ownership and expenses.
New-Construction Buyer Considerations
Vela Bay should be analyzed as both a condominium purchase and a relatively new luxury construction purchase.
Buyers should review certificates of occupancy, warranties, contractor information, permits, punch-list history and any outstanding construction matters in addition to conventional association documents.
Any future construction phase should also be evaluated for possible temporary impacts such as construction traffic, noise, dust, view changes and common-area access.
Flood & Insurance Review
Vela Bay's Naples Bay-side location makes current flood and insurance information an important part of buyer due diligence.
Buyers should review the master insurance policy, flood coverage, deductibles, individual condo insurance requirements and loss-assessment exposure.
Garage elevation, mechanical equipment, rooftop systems and waterfront exposure should be considered together with the residence's newer construction.
Pet, Rental & Residence Rules
Current MLS information identifies pets as permitted with approval. The current condominium documents should be reviewed for the actual number, size, breed or other limitations.
Buyers should also verify rental provisions, guest policies, renovation procedures, vehicle restrictions, garage use and any rules governing rooftop amenities or private auxiliary spaces.
What Vela Bay Buyers Should Compare
Residence Number Identify the exact floor and position within the four-residence building.
Living Area Compare approximately 4,371-4,378 square feet of interior space accurately.
Bay View Evaluate the actual water-view corridor from the residence and terrace.
Floor Compare privacy, elevation, city outlook and bay visibility.
Terrace Compare outdoor size, exposure, views and usable living configuration.
Private Garage Confirm whether the residence conveys a two- or three-car configuration.
Storage Verify the exact private storage allocation and climate control.
Elevator Review direct-entry configuration, maintenance and security.
First-Floor Flex Space Confirm size and permitted use for office, fitness or media purposes.
Kitchen Package Document cabinetry, appliances, gas cooking and pantry configuration.
Wine Storage Verify the installed system and current temperature-control equipment.
Smart-Home Systems Determine which systems and controls are currently installed.
Rooftop Amenities Review pool, outdoor kitchen, lounge and operating rules.
Association Budget Understand costs in a very low-density four-residence building.
Reserve Funding Review reserves against future roof, elevator, pool and building expenses.
Insurance Review master coverage, deductibles and individual insurance responsibilities.
Future Phase Verify the current construction and ownership plan for additional residences.
Historical Nautilus Sales Include earlier Nautilus Naples transactions when selecting comparable sales.
How to Value a Vela Bay Condo
Vela Bay should not be valued through a generalized Olde Naples condominium average.
The combination of more than 4,300 square feet, four bedrooms, private multi-car garages, direct elevator entry, expansive terraces, bay views and extremely low residential density places the building in a specialized luxury competitive set.
Vela Bay valuation sequence: same-building Vela Bay and historical Nautilus sales → residence and floor → living area → bay-view corridor → terrace exposure → garage capacity → private storage and flex space → interior condition → association finances → closely competing new-construction Olde Naples luxury residences.
Vela Bay Condos for Sale
With only four completed residences in the current building, Vela Bay inventory can be exceptionally limited.
The dedicated Agent4Naples Vela Bay search isolates the building from hundreds of unrelated Olde Naples condominiums and should be the primary search destination for current inventory.
Vela Bay Condos For Sale • Vela Bay Map Search • Olde Naples Condo Market Report
Explore Olde Naples Condo Communities
Compare Vela Bay with boutique luxury, townhome-style, garden and boating-oriented condominium communities throughout Olde Naples.
Selling a Vela Bay Condo
A Vela Bay residence should be positioned within the ultra-luxury new-construction segment rather than through general Olde Naples condominium statistics.
Marketing should establish the exact residence, living area, terrace orientation, bay-view corridor, garage capacity, storage, private auxiliary space, interior specifications and relationship to the rooftop amenities.
Historical Nautilus Naples sales should also be incorporated into the comparable-sale analysis because the earlier project name can otherwise hide relevant transactions.
Explore Vela Bay With Schulz Realty
Schulz Realty can help buyers compare Vela Bay residences by floor, living area, Naples Bay views, terrace orientation, garage capacity, storage, elevator configuration, rooftop amenities, association finances, future-phase considerations and the most relevant Vela Bay, Nautilus and Olde Naples comparable sales before arranging private tours.
Contact Schulz Realty for Vela Bay Listings & Private Tours
Call David Schulz at (239) 682-5800.
Residence sizes, floor plans, construction specifications, future development phases, completion schedules, condominium fees, reserve funding, assessments, insurance coverage, deductibles, flood information, view corridors, garage and storage rights, concierge services, rooftop amenities, rental provisions, pet policies, technology systems and individual property features may vary or change. Buyers should verify material information through current condominium and construction documents, association financial statements, insurance documentation, inspections, warranties, permits, public records, title work and appropriate qualified professionals before purchasing.
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than this company are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available through the BR Program. The information provided is for consumers’ personal, non-commercial use and may not be used for any other purpose.