by Global Lifestyle Properties

See Home Value
$654,000
● House - Off Market

407 RIO TERRA

VENICE, FL 34285
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,804 Ft²
$4,928
Est. Monthly
$1,080
HOA / Fees

About This Property

Welcome to the highly sought after gated, maintenance free, Bellagio Community on beautiful Venice Island, where elegance, comfort, and Florida living come together seamlessly. This exceptional Bari model offers a spacious split floor plan featuring three bedrooms, two bathrooms, and a bonus room constructed in 2017, perfect for a home office, or craft room. Thoughtfully designed for both privacy and effortless entertaining, the home showcases refined details and custom millwork throughout, including crown molding, tray ceilings, and more. What truly sets this home apart is the extensive list of recent upgrades and improvements that provide both comfort and peace of mind. A new tile barrel roof was completed in 2025, along with an insulated hurricane rated garage door, enhancing both durability and energy efficiency. In 2025, a natural gas whole home generator was installed, ensuring reliable power when it matters most. The lanai is equipped with an electric roll down hurricane screen for both sliders, offering added storm protection while maintaining outdoor comfort. At the heart of the home, the beautifully updated kitchen features sleek modern cabinetry, granite countertops, and stainless steel appliances, blending style and functionality for everyday living and hosting alike. Additional 2024-2025 updates include a new dishwasher, washer & dryer, and garbage disposal. Two bedroom offers generous walk in closets, while the bathrooms have been tastefully upgraded with modern vanities and quartz finishes. Step outside to your private oasis, where a sparkling, resurfaced swimming pool awaits. Equipped with both natural gas  this inviting space is designed for year round enjoyment. The screened lanai and expansive patio create multiple spaces for relaxing, dining, and entertaining in true Florida style. Positioned at one of the highest elevations on Venice Island, this home is located in Flood Zone X and Evacuation Zone D, an important advantage, as most lenders will not require flood insurance. Residents of the Bellagio Community enjoy an exceptional lifestyle with two gated entrances, a private clubhouse, fitness center, community pool, and tennis and pickleball courts, providing endless opportunities for recreation and relaxation. Ideally located just minutes from the Legacy Bike Trail, Historic Venice Main Street, and Venice's beautiful beaches, shopping, dining, Venice Theatre and Art Center. This home offers the perfect blend of tranquility, convenience, and coastal charm. With select furnishings available for purchase, this is your opportunity to move in with ease and start enjoying the Venice Island lifestyle.
Unit Size
1,804 Ft²
Days on Market
99 days
Land Size
0.14 acres
Price per sqft
$387
Property Type
House
Property Taxes
$416
HOA Dues
$1,080
Year Built
2001

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Last updated: 4 months ago (Stellar MLS #N6143454)

Price History

Date / Event Date Event Price
Jun 26, 2026 Sold
Sold
Jun 2, 2026 In contract -
In contract
May 21, 2026 Price Decreased $699,000
↓ $26K (3.6%)
Price Decreased
Mar 19, 2026 Listed by HOMESMART $725,000
Listed by HOMESMART
Feb 1, 2011 Sold
Sold
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Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 102
  • Pool Type: 8
  • Location Influence Type: 113

    Dimensions

  • Lot Size Square Feet: 6,050
  • Total Building Area: 2,271
  • Gross Building Area: 2,271
  • Building Area: 1,804
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,804
  • 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 69 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: 0428040032
  • Subdivision Tract Number: 2797
  • Parcel: 0428-04-0032
  • Lot: 69
  • Meridian: SEC 17 TWN 39S RNG 19E
  • Municipality: CITY OF VENICE
  • Latitude: 27.0847
  • Longitude: -82.4336

    Address

  • Full Address: 407 Rio Terra
  • Address - House Number: 407
  • Address - Street Name: Rio Terra
  • State: FL
  • City Name: Venice
  • Carrier Code: C054
  • 4-Digit Zip Code: 2954
  • Zip Code: 34285

Valuation

    Tax

  • Total Area: 2,522
  • Tax Year: 2023
  • Tax Amount: $476,528
  • Tax Rate Code Area: 0300

    Appraisal Valuation

  • Standard Deviation: 0.1927
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 74
  • Final Value: 766,161
  • High Value: 913,816
  • Low Value: 618,505

    Market Valuation

  • Market Total Value: $558,100
  • Market Land Value: $180,100
  • Market Improvement Value: $378,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $353,062

    Sales

  • Current Sale Contract Date: Jan 31, 2011
  • Current Sale Recording Date: Feb 01, 2011
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2011012086
  • Previous Sale Recording Date: Sep 07, 2004
  • Previous Sale Contract Date: Aug 13, 2004
  • Previous Sale Amount: $327,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 407 Rio Terra built and last sold?
The property at 407 Rio Terra was built in 2001 and last sold on Jan 31, 2011 for $345,000.
How much is this home worth?
The estimated value of the home located at 407 Rio Terra is $706,755.
What are some comparable homes to 407 Rio Terra?
There are currently no comparable homes to 407 Rio Terra.