NEW ROOF INSTALLATION DECEMBER 2024! Stunning and renovated to perfection, this beautiful updated and light filled home is in the gated community of Bellagio on Venice Island, which sits high with NO FLOOD INSURANCE REQUIRED. Boasting a separate guest house cassita, enjoy privacy, flexibility and comfort knowing your guests are close by but in a detached building with built-in murphy bed and ensuite bathroom. Tons of new updates in this one story home. New saltwater pool and travertine lanai with jets galore lining a large underwater bench, sun shelf and fountains 2023. New flooring 2023. New chefs kitchen including stainless steel appliances with natural gas range and vented hood, wood cabinetry, one level quartz counters with bar 2024. New AC 2022. New primary bath with luxury shower, double sinks and private water closet 2023. New gas fireplace 2023. New whole house back- up natural gas generator 2023. New landscaping 2023. New double solid wood doors with roll out double screens 2023. Enjoy a split bedroom plan, with 3 bedrooms and 3 baths and one of the most desirable and rerely available Cassita floor plans on Venice Island. Take in the lush landscaping from two seperate screened lanais. Now is the time to enjoy an updated, move- in ready home with a 2 car attached garage with large built-in workbench, low HOA fees which include lawn care, a community pool in addition to your own, clubhouse, tennis and pickle ball court, work-out facility, library, wonderful walking paths along the intracoastal waterway and The Legacy Trail with direct access to Caspersen Beach or Sarasota. Bellagio is golf cart friendly! Park your boat next door at Marine Max and walk to dinner within the marina while enjoying exceptional water views from The Old Salty Dog outdoor dinning balcony. You will have quick access to the Venice Island historic district with boutique shopping, gourmet restaurants and entertainment. Or take a pleasant bike ride direct down the Legacy trail to Sharky's on the beach. Now is the time to make this home your year round retreat or seasonal vacation spot, a home where memories will be made with family and friends, right along side the natural beauty of The Gulf of Mexico and its inviting sandy beaches. Schedule your tour today!
Single-familyProperty Type
2003Year Built
6,050 sq ftLot Size
$397Est. Price/Sq.Ft.
2 car garageParking
Listed by Cynthia Eliopoulos• G1 REALTY LLC
Contact: 561-558-3478
Bought with Karen Scott• MICHAEL SAUNDERS & COMPANY
Beautiful and bright home awaits in Bellagio on Venice Island! The double front door entry opens to a private courtyard where you can relax and enjoy your very own oasis. This exceptional 3 bedroom, 3 full bath home is being offered TURNKEY and offers a warm, welcoming interior with plenty of natural light and inviting flow-through living area. From the moment you step inside the meticulous care of this home is evident. Beautiful hardwood, recessed ceilings in the main living room and bedroom for unique charm. Enjoy cooking again in this efficiently designed beautifully kitchen, which features Corian countertops, tile backsplash and large breakfast bar. The spacious master suite is an oasis of peace and relaxation and affords two walk-in closet and en-suite bathroom, don't forget the built in dresser nook which maximizes the floor plan and the sliding doors leading to the private garden. The 2nd bedroom is part of the main house and has sliding glass doors that lead out to the courtyard. Your guests will love their private living space that is unattached from the main house and offers a separate entrance to their bedroom and full bathroom. A place for calm and relaxation, the master features a separate shower and a soaking tub. Just off the living room you will find another small screen patio with views of the mature palm trees and landscaping of the greenbelt. Attached double car garage with driveway parking offers plenty of space for guests. Bellagio has convenient access to Venice Beach, Caspersen Beach, and Brohard Paw Park. .. the only dog beach in the area. An ideal spot for easy summer living! Conveniently located in the Bellagio subdivision, it also offers many amenities in the community including tennis courts, heated community pool, fitness center, and recreational building. Live the outdoor lifestyle you've dreamed of! All the conveniences you could possibly need are only footsteps away. See for yourself what this home has to offer. Early viewing is recommended.
Stellar MLS as Distributed by MLS Grid #N5784172
May 9, 2014
Sold
$400,000
$207/sq ft
May 3, 2014
Pending
—
Apr 12, 2014
Contingent
—
Apr 3, 2014
Listed
$418,000
$217/sq ft
I am pleased to present this beautiful Turnkey Furnished courtyard home in the very sought after neighborhood of Bellagio on Venice Island. This stunning 3 bedroom / 3 bath home offers the spaciousness and tranquility you've always dreamed of. Enter through the double front doors into a peaceful pavered patio with plenty of natural sunlight and fresh air. What makes this home unique is the third bedroom and bath, located off the courtyard and away from the main living quarters. This floor plan provides your quests complete privacy and the feeling of visiting a bed and breakfast. From the courtyard you enter the main living area through double French doors into an open living area that's quite comfortable. Several upgrades and improvements include a new screened in lanai off the rear of the house that has a private and wooded view; a new range, microwave, and hot water heater in 2013; new laminate flooring 2012; exterior paint 2012. Not only is Bellagio the perfect location, it also offers many amenities in the community including tennis courts, heated community pool, fitness center, and recreational building. Don't let this one pass you by, schedule a private showing today and receive a 1 Year Home Warranty Protection plan with the sale!
Public Records
Jan 27, 2009
Sold
$366,500
$190/sq ft
Public Records
Jun 1, 2006
Sold
$462,500
$240/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$6,378 (−28.4%)
2024
$8,908 (+7.4%)
$242,000 + $389,500
$631,500
2023
$8,294 (+16.1%)
$182,700 + $402,300
$585,000
2022
$7,146 (+12.5%)
2021
$6,353 (+11.6%)
2020
$5,690 (−1.9%)
$96,400 + $243,500
$339,900
2019
$5,801 (−0.9%)
$104,800 + $242,200
$347,000
2018
$5,852 (−1.0%)
$127,600 + $221,400
$349,000
2017
$5,913 (−2.5%)
$127,600 + $221,600
$349,200
2016
$6,064 (+7.5%)
$115,900 + $247,800
$363,700
2015
$5,642 (+4.5%)
$107,600 + $233,700
$341,300
2014
$5,398 (+7.4%)
2013
$5,027 (+7.1%)
2012
$4,693
Tax history for 331 Rio Terra
Year
Property tax
Land + Additions
Assessment*
2025
$6,378 (−28.4%)
2024
$8,908 (+7.4%)
$242,000 + $389,500
$631,500
2023
$8,294 (+16.1%)
$182,700 + $402,300
$585,000
2022
$7,146 (+12.5%)
2021
$6,353 (+11.6%)
2020
$5,690 (−1.9%)
$96,400 + $243,500
$339,900
2019
$5,801 (−0.9%)
$104,800 + $242,200
$347,000
2018
$5,852 (−1.0%)
$127,600 + $221,400
$349,000
2017
$5,913 (−2.5%)
$127,600 + $221,600
$349,200
2016
$6,064 (+7.5%)
$115,900 + $247,800
$363,700
2015
$5,642 (+4.5%)
$107,600 + $233,700
$341,300
2014
$5,398 (+7.4%)
2013
$5,027 (+7.1%)
2012
$4,693
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
3
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
6,050 Sq. Ft.
Year renovated
2013
Sq. Ft.
1,930
Year built
2003
Style
Single Family Residential
County
Sarasota County
APN
0430010062
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 15, 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
Dec 26, 2024 • Final
Residential renovation
Re-roof a residential building.
Roofing
Feb 2, 2024 • Final
Mechanical
HVAC
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.
Pool Features: Gunite, Heated, In Ground, Lighting, Salt Water, Screen Enclosure, Solar Heat, Tile
Property Features
Universal Property Id: US-12115-N-0430010062-R-N
Waterfront Information
Waterfront Feet Total: 0
Water View Y/N: 0
Water Access Y/N: 0
Water Extras Y/N: 0
Property Information
CDD Y/N: 0
Homestead Y/N: 1
Property Type: Residential
Property Sub Type: Single Family Residence
Land Information
Total Acreage: 0 to less than 1/4
Lot Information
Lot Size Acres: 0.14
Road Surface Type: Asphalt
Lot Size Square Meters: 562
Building Information
MFR_BuildingAreaTotalSrchSqM: 268.95
Financial
Tax Information
Tax Annual Amount: $7,962
Tax Year: 2023
Lease / Rent Details
Lease Restrictions YN: 1
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Public, Sprinkler Well, Street Lights, Underground Utilities, Water Connected
Location
Multi-Family Financial Information
Total Annual Fees: $3,948
Total Monthly Fees: $329
Multi-Unit Information
Unit Number YN: 0
HOA Information
Association Name: Capstone Association Management
Has HOA
MFR_Association2YN: 0
Association Fee Requirement: Required
Association Approval Required Y/N: 1
Monthly HOA Amount: 329.00
Association Amenities: Clubhouse, Fitness Center, Gated, Pickleball Court(s), Pool, Tennis Court(s)
Association Fee: $329
Association Fee Frequency: Monthly
Association Fee Includes: Common Area Taxes, Pool, Escrow Reserves Fund, Insurance, Maintenance Grounds, Private Road, Recreational Facilities
School Information
Elementary School: Venice Elementary
Middle Or Junior High School: Venice Area Middle
High School: Venice Senior High
Location Information
Directions: US 41 to Venice Island (By pass 41) to Tamiami Trail to Calle Del Paradisio to main gate. Left on Rio Terra at circle, then on right side of Rio Terra.
Community Information
Community Features: Buyer Approval Required, Clubhouse, Deed Restrictions, Fitness Center, Golf Carts OK, No Truck/RV/Motorcycle Parking, Pool, Sidewalks, Special Community Restrictions, Tennis Courts
Pets Allowed: Yes
Public facts
Beds: 3
Baths: 3.0
Sq. Ft.: 1,930
Stories: 1.0
Lot Size: 6,050 square feet
Style: Single Family Residential
Year Built: 2003
Year Renovated: 2013
County: Sarasota County
APN: 0430010062
Home facts updated by county records on Oct 15, 2026