Welcome to Vela Bay Olde Naples
Vela Bay is an ultra-low-density waterfront condominium development at 1165 8th Street South in the Crayton Cove area of Olde Naples. The contemporary building pairs expansive private residences with Naples Bay views, oversized terraces and a lock-and-leave condominium lifestyle.
The completed first phase contains only four residences. Phase II has been planned to add four more, so buyers should verify the current construction schedule and total development plan. Because inventory is exceptionally limited, registering for new-listing alerts can help buyers track opportunities as soon as they appear.
Current Vela Bay residences provide more than 4,300 square feet of air-conditioned living area, generally with four bedrooms, four-and-one-half bathrooms and two- or three-car private garages. Open great rooms, floor-to-ceiling glass and generous terraces are designed to emphasize the Naples Bay setting.
Earlier property records and marketing may use the name Nautilus Naples for this building. Buyers researching historical sales should search both Vela Bay and Nautilus Naples so relevant comparable transactions are not overlooked.
- Four completed residences in the first phase
- Naples Bay, city and sunset views that vary by residence
- Rooftop swimming pool, lounge areas and outdoor kitchen
- Direct coded elevator access and private foyers
- Private two- or three-car garages, depending on the residence
- Large terraces and contemporary indoor-outdoor living
- Impact-resistant windows and doors
- Boutique lobby, storage and modern building systems
Vela Bay's Crayton Cove location places residents near Naples Bay while remaining convenient to Fifth Avenue South, Third Street South, Gulf beaches, restaurants, boutiques and galleries. It offers a quieter waterfront setting within the broader downtown street grid.
For more neighborhood information, read the Olde Naples Real Estate community spotlight.
Confirm the legal condominium name, residence dimensions, bay-view orientation, garage assignment, elevator access, technology systems and included finishes. Buyers should also review association budgets, reserves, insurance, warranties, leasing and pet rules, plus the planned Phase II construction schedule and its effect on common areas and ownership costs.
Mike Shoaff, REALTOR® with RE/MAX Hallmark Realty, is a Olde Naples Real Estate Agent who helps buyers and sellers evaluate Vela Bay, recent waterfront sales, association considerations and competing downtown properties.
Call 239-298-9903 or connect with an Naples FL Realtor.
Olde Naples Realtor Mike Shoaff is a full-time Naples real estate professional with extensive experience helping buyers and sellers navigate the Olde Naples market. His micro-market knowledge goes beyond recent sales and property values. He understands the block-by-block differences that can affect value, including proximity to Fifth Avenue South, Third Street South, the beach, redevelopment opportunities, zoning, and flood considerations.
Mike also helps clients navigate important details that come with buying and selling property in Olde Naples, including FEMA flood zones, Elevation Certificates, insurance considerations, inspections, and NABOR contract timelines. For sellers, he combines local market knowledge with strong online marketing and exposure designed to reach buyers searching specifically for homes and condos in Olde Naples. His goal is simple: provide straightforward advice, protect his clients throughout the transaction, and help them make the best possible real estate decision.
