Real Estate Pelican Bay Naples Florida – Homes & Condos for Sale. Pelican Bay is located in North Naples, directly on the Gulf of Mexico and Waterside Shops with upscale shopping and dining. It consists of 2,104 acres, or roughly 3.29 square miles of Waterfront & Golf Course Living offering luxury high rise condominiums, single family homes, villas, mid and low-rise condos within 65 neighborhoods. Construction began in Pelican Bay 1980 and is nearly completed. Pelican Bay offers a 27 hole private golf course, tennis courts, 10 station fitness circuit, a chickee hut with picnic tables, and a children’s playground as well as a private beach club offering its residents dining at the private beach pavilions.