305 Rio Terra, Venice, FL, 34285 | $699,000

Welcome to 305 Rio Terra, a beautifully updated home in the highly sought-after Bellagio Community on Venice Island. This exceptional property blends modern luxury with Mediterranean charm, nestled in a private and exclusive neighborhood. The spacious Bari model offers three bedrooms and two bathrooms, thoughtfully designed with a split layout that ensures both comfort and privacy. Double French doors separate the owner’s retreat from the guest bedrooms, creating a serene sanctuary for all.

At the heart of the home is the stunning kitchen, featuring 42-inch cabinetry, sleek quartz countertops, and high-end stainless-steel appliances. Whether preparing a meal or hosting guests, this kitchen provides the perfect blend of style and functionality. The versatile third bedroom is equipped with a built-in Murphy bed, allowing it to easily transition from a home office to a guest room.

Both bathrooms have been thoughtfully updated with elegant vanities and quartz countertops, maintaining a consistent modern aesthetic throughout the home. Recent upgrades include a brand-new roof (2024), a freshly painted home exterior (2024), a new air conditioner (2021), water heater (2019), and hurricane-rated windows, ensuring the home is secure, energy-efficient, and move-in ready.

Step outside to your private oasis—enjoy the new screened-in lanai, perfect for outdoor relaxation, and the expansive paver area, ideal for entertaining family and friends. The oversized backyard offers ample space for a potential pool and is bordered by a private buffer for added seclusion.

The Bellagio Community boasts recently updated amenities, including a private clubhouse, a fully equipped fitness center, a resort-style pool, and courts for tennis and pickleball. With two gated entrances and access to natural gas, this community offers the perfect balance of luxury and convenience. It's rare to find an island property located in a favorable X Flood Zone and Evacuation D zone.

Located just minutes from Venice’s Historic Main Street, pristine Venice Beaches, and the scenic Legacy Bike Trail, 305 Rio Terra offers the best of island living.

Additionally, the current furnishings are available for purchase, making this home truly move-in ready. With its new roof, updated features, and unbeatable location, 305 Rio Terra is the perfect place to experience the Venice lifestyle at its finest!

Features

  • Amenities: Clubhouse, Fitness Center, Gated, Lobby Key Required, Maintenance, Pickleball Court(s), Pool, Recreation Facilities, Security, Shuffleboard Court, Tennis Court(s)
  • Rooms: 6
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Electric Dryer Hookup, Laundry Room, Washer Hookup
  • Style: Mediterranean
  • Year Built: 2003
  • Garage: 2-car Driveway, Garage Door Opener, Oversized
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,745
  • Acreage: 0.14
  • Est. Taxes: $4,420
  • HOA Fee: $988 Quarterly
  • Lot Desc: Conservation Area, City Lot, Landscaped, Sidewalk
  • View: Garden, Trees/Woods
  • Elem. School: Venice Elementary
  • Middle School: Venice Area Middle
  • High School: Venice Senior High
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: N6136188
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /prop/N6136188/305rioterra_venice_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 1/8/2025 4:30:08 AM)
Listing courtesy of HOMESMART   Phone: 407-476-0461

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888.699.8876

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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  • Has access to hundreds of loan programs, all at competitive rates
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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

305 Rio Terra, Venice, FL, 34285

$699,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $559,200 $559,200 $559,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 7.000% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.330% 7.182% 6.412%
Monthly Tax Payment $368 $368 $368
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,720 $3,720 $4,757
Total Monthly Payment $4,180 $4,180 $5,217

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.