Nautilus Naples

Eight residences on Crayton Cove, where Olde Naples meets Naples Bay.

Nautilus Naples is one of the only places in Olde Naples to own a new residence on the water. Two boutique buildings of four residences each look across Crayton Cove and Naples Bay, beside the City Dock, with the Gulf at the other end of 12th Avenue South. In February 2025 a residence here sold for $6,500,000, the highest condominium sale recorded in Olde Naples in the two years to September 30, 2026.

Nautilus Naples at a Glance

Nautilus Naples - Active Listings

Ask About Availability at Nautilus Naples

With eight residences across two buildings, the right one depends on floor, terrace and garage, and on whether you want a slip. Tell us how you plan to use it and we will compare what is available, including residences not publicly listed.

The Residences

The first building, at 1165 8th Street South, holds residences of more than 4,000 square feet, each reached by a coded private elevator that opens into its own foyer, with Italian hardwood floors, custom cabinetry, island kitchens and terraces facing the bay and the skyline. Every residence has a private, climate-controlled garage for two to three cars and its own storage, and residents share a rooftop infinity-edge pool and lounge. The second building of four was marketed a step further, at $8.5 million to $12.5 million in 2023: three-bedroom residences with private rooftop terraces of about 1,100 or 1,600 square feet, each with its own splash pool, three- or four-car garages and a deeded office on the first floor.

Living on Crayton Cove

Crayton Cove is the small harbor at the foot of 12th Avenue South where Olde Naples turns from beach town to boating town. The City Dock and the waterfront restaurants of the cove are at the door, Third Street South’s shops are about five blocks west, and the Gulf beach sits at the opposite end of 12th Avenue South, about two-thirds of a mile away, where the Naples Pier is being rebuilt. From the cove, Naples Bay runs south past Aqualane Shores and Port Royal to Gordon Pass and open water — which is why Nautilus appeals to owners who want the walkability of Olde Naples without giving up a boat.

The new buildings inside the Olde Naples grid; Nautilus Naples is number 6.

What the MLS Shows

Nautilus Naples is filed in the MLS under the name Vela Bay, and in the two years to September 30, 2026 it recorded one sale: a 4,371-square-foot, four-bedroom residence in the first building, which closed in February 2025 at its full $6,500,000 asking price, or $1,487 per square foot, under a contract first listed in 2021. That remains the highest condominium price recorded in Olde Naples over the two years. Since then, three other residences in the same building have been offered repeatedly, at prices between $5,500,000 and $8,495,000, without a recorded sale; on October 1, 2026 all three were back on the market at $5,995,000 to $7,695,000, including one of the same 4,371-square-foot plan at $5,995,000. For a buyer, that range is the real negotiation, and we compare each residence’s floor, view and garage against the 2025 sale before an offer. Every month’s figures are in our Olde Naples Market Report.

What to Confirm Before You Buy

Slip rights are separate from the residence, so we confirm exactly which slips are available, whether they are owned or leased, and what they cost to carry. We also review the association budget and reserves for a building this new, flood zone and elevation for a bayfront site, the leasing and pet rules, and which garage, storage and office space convey with the residence — before an offer rather than after.

Other Ways to Live on Naples Bay

Buyers drawn to Nautilus for the water often compare it with Naples Bay Resort, where a marina and club come with ownership, and with Bayfront on the Gordon River at the other end of downtown. Those who want a private dock at the back door should look at homes in Aqualane Shores and Port Royal, and our guide to Naples condos with a boat slip covers the rest of the city. For buildings a block or two from the Gulf instead, start with Olde Naples condos.

Residence details, slip availability, association rules and fees are subject to change and should be verified with the association, current condominium documents and the MLS before relying on them. MLS figures reflect the Naples Area Board of REALTORS® MLS, October 1, 2024 through September 30, 2026, and listings on October 1, 2026.

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