VENICE ISLAND LIVING AT ITS BEST! PRIVATE POOL HOME IN BELLAGIO!NOT FLOOD ZONE! 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, gas range, 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!
Single-familyProperty Type
2002Year Built
6,325 sq ftLot Size
$425Price/Sq.Ft.
$373/moHOA Dues
2 car garageParking
Listed by Regina Melman• RE/MAX PALM REALTY OF VENICE
Welcome to Bellagio, the only gated community on Venice Island! This light and bright 3 bedroom, 3 bath, 2 car garage island retreat, the Rialto Model, comes mostly furnished (tables don't convey) and ready for you to move right in! Features include a spacious screened lanai, gas heated pool and jacuzzi, and paver driveway and walkway. A New HVAC was installed in 2019, a New Gas Water Heater was installed in 2022, a New Pool Gas Heater was installed in 2022 and new carpet was just installed in both owners suites. The front entry greets guests and opens to a large foyer with a view straight through the home to the large south facing lanai, pool, jacuzzi, and view of The Venetian Waterway Park greenbelt, never to be built on, very private. Just off the foyer, is the third bedroom currently being used as an office and includes 2 built-ins along with beautiful Plantation Shutters which are on every window throughout the home. The kitchen has a breakfast bar, gas stove/oven, and has 2 pantries. The dining room has beautiful, lighted built-ins as well and a sliding door out to the lanai/pool. The first owner's suite includes a large walk-in closet, en-suite bath featuring a garden tub for soaking, separate walk-in Roman shower, a large vanity, a water closet and also has a sliding door out to the lanai from the bedroom. You can sit in bed and enjoy looking at your pool!! The second owner's suite also includes a large walk-in closet, en-suite bath featuring a garden tub, separate walk-in Roman shower, a smaller vanity, a water closet and a sliding door out to the lanai from the bedroom. This home also has a separate laundry room, a third full bath, ceiling fans in every room and even has gas piped to the lanai for a grill! Bellagio homes all have barrel-tile roofs which last 30-50 years, and this one is currently only 20 years old and made it through the hurricane!! Bellagio offers it's 142 homes all grounds care, so no mowing, edging or blowing in your future, a heated community pool, fitness center with showers, clubhouse with library, tennis/pickle ball Har-Tru court, bocce ball court, two gated entrances, sidewalks, a small garden park, many activities and get-togethers, and is located on The Venetian Waterway Trail which leads to Casperson Beach on the Gulf of Mexico and also connects with the Legacy Trail for a full 20 mile one-way bike path to Sarasota and is great to watch the Boat Parade. This rare property is only one mile away from The Gulf of Mexico and is an easy bike ride or walk. Venice island is quiet and quaint with plenty of shops, restaurants, parks and beaches. Whether you make this home your full-time residence or a wonderful winter retreat you will love your time here. Come make it your own.
Year
Property tax
Land + Additions
Assessment*
2025
$5,370 (+2.2%)
2024
$5,252 (−33.1%)
2023
$7,846 (+8.0%)
2022
$7,266 (+12.8%)
2021
$6,441 (+10.5%)
2020
$5,831 (−2.4%)
$98,300 + $250,000
$348,300
2019
$5,972 (+1.8%)
$106,700 + $250,500
$357,200
2018
$5,868 (−0.9%)
$130,000 + $219,900
$349,900
2017
$5,921 (−2.2%)
$130,000 + $219,700
$349,700
2016
$6,057 (+7.9%)
$118,000 + $245,300
$363,300
2015
$5,614 (+3.3%)
$104,000 + $235,600
$339,600
2014
$5,437 (+8.4%)
2013
$5,016 (+6.8%)
2012
$4,698
Public record
Public record
Zoning
Permits
Beds
2
Baths
2.5
Stories
1
Lot width
—
Lot depth
—
Lot size
6,325 Sq. Ft.
Year renovated
2007
Finished Sq. Ft.
1,893
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,893
Year built
2002
Style
Single Family Residential
County
Sarasota County
APN
0428050011
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 10, 2026.
RSF-3
Residential Single-Family District
The Residential Single-Family zoning districts RSF are intended to establish low to moderate density residential neighborhoods, to implement Strategy LU 1.2.3 of the Comprehensive Plan, and to protect these areas from incompatible uses. The Residential Single-Family districts offer a range of lot sizes and housing stock detached and attached to allow a sustainable mix of single-family residential development.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Other
Infrastructure
Fire house
Police station
Jul 24, 2025 • Final
Residential minor renovation
Install hurricane protection.
Remodel
Mar 12, 2025 • Final
Residential renovation
Perform a tile reroof on a residential building.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 107° expected this year, 28 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Venice, FL • 34285
Average low and high temperatures (°F)
70
52
74
57
79
62
82
67
87
75
89
77
90
78
90
78
89
75
85
70
80
63
75
58
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.3 hours in
June and 6.5 hours in December, placing it above the
U.S. average for solar exposure.
9.3 hrs
6.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 126 Rio Terra
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $560,000 and $999,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $560K to $999K.