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126 RIO TERRA
About This Property
Welcome to 126 Rio Terra, Venice, FL, a rare opportunity to own a beautiful island retreat in Bellagio, Venice Island's exclusive gated community! This light and bright Rialto model offers 2 spacious master suites PLUS a Dedicated Office, 2.5 baths, and a 2-car garage, and comes mostly furnished for an easy move-in or the perfect seasonal escape.
Step inside to an inviting foyer with a stunning view straight through the home to your private outdoor oasis! Enjoy the south-facing screened lanai, gas-heated swimming pool, relaxing jacuzzi, and peaceful views of the Venetian Waterway Park greenbelt-a natural backdrop that provides exceptional privacy. Both master suites feature sliding glass doors to the lanai, so you can wake up to pool views and enjoy the Florida lifestyle right from your bedroom!
The thoughtfully designed interior features beautiful Plantation Shutters throughout, a dedicated office with two built-ins, a spacious kitchen with a breakfast bar, induction stove, and two pantries, plus a dining room with attractive lighted built-ins and direct access to the lanai. Both master suites have generous walk-in closets and private en-suite bathrooms with garden tubs, separate Roman-style walk-in showers, and private water closets. Additional highlights include a separate laundry room, ceiling fans throughout, and a gas line on the lanai ready for your outdoor grill.
MAJOR UPDATES INCLUDE:
HVAC replaced in 2019
Gas water heater replaced in 2022
Pool gas heater replaced in 2022
New carpet in both master suites
NEWER TILE ROOF INSTALLED IN 2025, WITH TRANSFERABLE WARRANTY TO THE NEW BUYER.
Bellagio offers a wonderful maintenance-friendly lifestyle, with grounds care included, plus a heated community pool, fitness center with showers, clubhouse and library, Har-Tru tennis/pickleball court, bocce ball court, sidewalks, a garden park, two gated entrances, and an active calendar of community gatherings and activities.
LOVE THE LOCATION! Situated approximately one mile from the Gulf of Mexico, this exceptional property offers easy access to Venice's beautiful beaches, charming downtown, shopping, restaurants, parks, and waterfront attractions. The community is located along the Venetian Waterway Trail, connecting to the Legacy Trail for miles of scenic walking and biking, with access toward Sarasota.
Whether you're searching for a full-time residence, a winter getaway, or a place to enjoy the best of Southwest Florida, this home delivers privacy, comfort, and the relaxed island lifestyle you've been dreaming of. Enjoy the pool, explore the trails, head to the beach, and experience BEST OF Venice Island!
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017