by Global Lifestyle Properties

See Home Value
$615,000
● House - Off Market

305 RIO TERRA

VENICE, FL 34285
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,745 Ft²
$4,518
Est. Monthly
$1,080
HOA / Fees
4.26%
Cap Rate

About This Property

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!
Unit Size
1,745 Ft²
Days on Market
186 days
Land Size
0.14 acres
Price per sqft
$358
Property Type
House
Property Taxes
$368
HOA Dues
$1,080
Year Built
2003

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Last updated: 2 years ago (Stellar MLS #N6136188)

Price History

Date / Event Date Event Price
Jul 10, 2025 Sold
Sold
May 24, 2025 In contract -
In contract
May 20, 2025 Price Decreased $625,000
↓ $24K (3.7%)
Price Decreased
Mar 14, 2025 Price Decreased $649,000
↓ $16K (2.4%)
Price Decreased
Feb 19, 2025 Price Decreased $665,000
↓ $34K (4.9%)
Price Decreased
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Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 5
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 467
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 111
  • Pool Type: 0
  • Location Influence Type: 113

    Dimensions

  • Lot Size Square Feet: 6,050
  • Total Building Area: 2,188
  • Gross Building Area: 2,398
  • Building Area: 1,721
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,721
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BELLAGIO ON VENICE ISLAND
  • Land Acres: 0000000139
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 100 BELLAGIO ON VENICE ISLAND

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: T03 T03D
  • Census Tract: 002404

Zoning

  • Zoning: RSF3

Geography

  • Assessors Map Reference: 38D
  • Account Number: 0429160016
  • Subdivision Tract Number: 2797
  • Parcel: 0429-16-0016
  • Lot: 100
  • Meridian: SEC 18 TWN 39S RNG 19E
  • Municipality: CITY OF VENICE
  • Latitude: 27.0864
  • Longitude: -82.4344

    Address

  • Full Address: 305 Rio Terra
  • Address - House Number: 305
  • Address - Street Name: Rio Terra
  • State: FL
  • City Name: Venice
  • Carrier Code: C054
  • 4-Digit Zip Code: 2952
  • Zip Code: 34285

Valuation

    Tax

  • Total Area: 2,760
  • Tax Year: 2023
  • Tax Amount: $442,042
  • Tax Rate Code Area: 0300

    Appraisal Valuation

  • Standard Deviation: 0.0821
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 698,319
  • High Value: 755,679
  • Low Value: 640,959

    Market Valuation

  • Market Total Value: $560,700
  • Market Land Value: $182,700
  • Market Improvement Value: $378,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $330,394

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 11, 2012
  • Current Sale Recording Date: May 16, 2012
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2012062816
  • Previous Sale Recording Date: Dec 19, 2008
  • Previous Sale Contract Date: Dec 17, 2008
  • Previous Sale Amount: $315,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Bellagio on Venice Island


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Frequently Asked Questions

When was property at 305 Rio Terra built and last sold?
The property at 305 Rio Terra was built in 2003 and last sold on May 11, 2012 for $280,000.
How much is this home worth?
The estimated value of the home located at 305 Rio Terra is $0.
What are some comparable homes to 305 Rio Terra?
There are currently no comparable homes to 305 Rio Terra.