407 RIO TERRA, Venice, FL, 34285 | $725,000

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.

Features

  • Rooms: 6
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Laundry Room
  • Style: Mediterranean
  • Year Built: 2001
  • Garage: 2-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,804
  • Acreage: 0.14
  • Est. Taxes: $4,986
  • HOA Fee: $1,080 Quarterly
  • Lot Desc: City Lot, Sidewalk
  • View: Garden
  • Elem. School: Venice Elementary
  • Middle School: Venice Area Middle
  • High School: Venice Senior High
  • Pool: Gunite, Heated, In Ground, Screen Enclosure
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Refrigerator, Washer
  • MLS#: N6143454
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/N6143454/407rioterra_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 4/26/2026 8:47:06 AM)
Listing courtesy of HOMESMART   Phone: 407-476-0461

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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:

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407 RIO TERRA, Venice, FL, 34285

$725,000

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 $580,000 $580,000 $580,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.125% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.275% 6.284% 5.595%
Monthly Tax Payment $416 $416 $416
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,385 $3,524 $4,701
Total Monthly Payment $3,893 $4,032 $5,209

* 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.