Mutual respect led to a deal for Phelan Family Brands to purchase The Bay House, one of Naples’ premier waterside dining destinations for three decades. Phelan Family Properties, based in Bonita Springs, bought the 1.5-acre property at 799 Walkerbilt Road for $7.5 million from Naples-based Turtle Bay Holding Co., Collier County property records show. Built by Tom and Martha Jennings in the late 1980s, The Bay House had been operated by local restaurateur Peter Tierney since 2007. Don’t expect to see any changes to the casually elegant dining spot in North Naples. “Not a single change has been made. We have kept the entire staff and kept the menu and everything the same. No need to fix perfection,” said Grant Phelan, CEO of Phelan Family Brands, which owns and operates the Pinchers, Texas Tony’s and Deep Lagoon Seafood restaurant brands.