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Vela Bay Market Report

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Vela Bay • 1165 8th Street South • Naples Bay • Luxury New Construction

Use the Vela Bay Market Report to follow current inventory and recent transaction activity for this ultra-low-density Olde Naples condominium, then analyze the exact residence, bay-view corridor, garage, terrace and historical Nautilus transactions before estimating individual value.

Vela Bay luxury condos for sale in Olde Naples Condos For Sale Current Vela Bay Listings Vela Bay condominium map search Map Search 1165 8th Street South Vela Bay Market Report Market Report Jump to Live Listings & Sales

Understanding the Vela Bay Condo Market

Vela Bay is a specialized condominium market rather than a representative sample of all Olde Naples condos. The completed building at 1165 8th Street South contains only four large luxury residences, so a small number of active or closed transactions can materially change simple averages.

Current Vela Bay residences exceed 4,300 square feet and combine Naples Bay views, substantial terraces, direct elevator access and private multi-car garage configurations. Those characteristics place the building in a much narrower competitive set than conventional Downtown Naples condominiums.

Preferred Vela Bay comparison sequence: same-building Vela Bay sale → historical Nautilus Naples sale → exact residence and floor → verified living area → Naples Bay view corridor → terrace orientation → garage capacity → storage and auxiliary space → interior condition → association financial condition → closely competing newer Olde Naples luxury residences.

How to Read the Live Vela Bay Market Data

Active Listings Active properties show current seller competition. In a four-residence building, however, a single listing can represent a large percentage of the entire completed inventory.
Pending Sales A pending contract provides useful evidence of current buyer demand, but its final negotiated price and concessions are normally unavailable until the transaction closes.
Closed Sales Relevant Vela Bay closings should receive priority. Historical sales may also appear under the earlier Nautilus or Nautilus Naples project identity.
Price Per Square Foot Price per square foot becomes meaningful only after comparing residences with similar living area, bay views, terraces, garages and construction quality.
Days on Market Interpret DOM together with original asking price, price changes, construction status, furnishing, developer strategy and the size of the ultra-luxury buyer pool.
New Construction Builder or developer pricing can involve construction status, incentives, customization, future phases and other terms that are not captured by headline asking price alone.

Include Historical Nautilus Naples Sales

Earlier transactions at 1165 8th Street South may appear under the Nautilus or Nautilus Naples name rather than Vela Bay.

Those historical transactions should not automatically be excluded when they represent the same physical building. Buyers and sellers should search both names before concluding that there are no relevant same-building sales.

What Can Change the Value of a Vela Bay Residence?

Even within an exceptionally small building, individual values can differ. Floor level, actual bay-view corridor, terrace exposure, garage configuration, private storage, auxiliary first-floor space and interior customization should all be reviewed independently.

The association's current operating budget, reserve planning, master insurance and any future-phase relationship can also affect ownership cost and buyer demand.

Vela Bay Condos • Olde Naples Condos • Olde Naples Condo Market Report • Downtown Naples Condos

Vela Bay Listings, Sales & Value Guidance

Schulz Realty can help buyers and sellers compare Vela Bay residences by floor, living area, Naples Bay views, terrace orientation, private garage, storage, auxiliary space, interior specifications, association condition, historical Nautilus transactions and the most relevant Olde Naples comparable sales.

Contact Schulz Realty for Listings & Private Tours

Vela Bay inventory, asking prices, pending transactions, closed sales, construction schedules, future phases, condominium fees, reserve funding, assessments, insurance coverage, deductibles, flood information, view corridors, garage and storage rights, rooftop amenities, concierge services, rental rules, pet policies and individual residence characteristics may change or vary. Buyers and sellers 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.

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Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1165 8TH ST S Unit #302 4 4.5 4,378 $7,695,000 $1,757 59 days
1165 8TH ST S Unit #202 4 4.5 4,378 $6,795,000 $1,552 59 days
1165 8TH ST S Unit #201 4 4.5 4,371 $5,995,000 $1,371 59 days
Average: 4.0 4.5 4,375 $6,828,333 $1,560 60 days
Viewing 1 - 3 of 3
Viewing 1 - 3 of 3
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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.