UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 997 sqft
Price per Sqft $401
Subdivision South Venice
MLS Listing ID A4705191
Bedrooms 2
Full Baths 2
Construction Status Completed
HOA Y/N No
Year Built 1991
Annual Tax Amount $2,623
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 160x100
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
ASSUMABLE 2.75 RATE INTEREST MORTGAGE | DUAL-LOT BUILD/HOLD/FLIP | SOUTH VENICE
THE FINANCING: $160,000 assumable mortgage at 2.75 rate interest with 23+ years remaining (lender-verified). At $400,000 purchase price, buyer invests $240,000 down and assumes existing note at 2.75 rate interest—significantly below current conventional rates. Lender approval and assumption fee required. Second buildable lot requires refinance to separate; assumable will not allow the separation of the vacant ready to build lot; valued $90–95K, recent 8,000 sqft comparables.
INVESTOR CASE: Area rents $2,100–$2,800/month. Includes boat/RV/trailer storage, off-street parking, utilities (electric only), and annual private beach passes.
THE PROPERTY: Two merged 8,000 SF parcels (16,000 SF total, one legal description). Deeded community beach via ferry (1,000 ft away). Optional $200/year pass for ferry and private boat launch access. Optional community center membership. Free water and septic service on house lot.
THE LAND: Second 8,000 SF lot is fully buildable and zoned for development. Approved for single-family residential. Separates and sells independently if financed and not assumed loan; represents capital recovery path or expansion/hold opportunity. No deed restrictions.
THE HOUSE: Fully updated 2–3-bedroom, 2 bath: entire house, all interior rooms under roof with A/C, 1,390 sf.
Kitchen: Entire kitchen redone. Granite counters, 18 custom cabinets, under-cabinet LED, recessed lighting. Appliances (avg. 2.5 years): beverage cooler, refrigerator, air fryer/convection oven, slim-profile microwave, dishwasher. Counter seating. Reverse osmosis water treatment (2 years old). Stainless steel euro sink, commercial faucet wand and racks.
Flooring & Structure: Engineered hardwood throughout (recently replaced). Roof 7.5 years. A/C system with new compressor (August 2026). 4-season porch with new split A/C unit.
Bedrooms & Living: Master with walk-in closet. Garage converted to third bedroom. Flex room/office/living space with barn door privacy. Remote ceiling fans. Recessed TV with ambient backlighting. 5-foot electric fireplace. Opens to counter dining kitchen.
Finishes: all windows plantation shutters (exterior). All LED lighting with remote controls. Security lighting (front). New laundry room with washer/dryer and counter. Two new closets added in laundry and bedroom.
Outdoor: 16×16 patio. Gated fenced backyard. 10×12 storage shed (to be roofed). Landscaping includes lemon tree and native beach plantings (bougainvillea, beach grass). Easy-care property.
Utilities: Free water (well). Free septic. Electric only. New A/C condenser (August 2026). Split A/C for 4-season porch. 2-year-old whole-house eco water treatment system.
Flood Zone: AE, bordering X500. Zero documented flood or storm damage history.
LOCATION: Intracoastal Waterway proximity and access. Deeded beach and boat launch. Downtown Venice, 5 public beaches, shopping, dining. Sarasota (SRQ) and Punta Gorda (PGD) airports. Medical, commercial, hardware retailers, and municipal services minutes away.
Location
State FL
County Sarasota
Community South Venice
Area 34293 - Venice
Zoning RSF3
Rooms
Other Rooms Bonus Room, Florida Room
Interior
Interior Features Accessibility Features, Built-in Features, Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
Heating Electric
Cooling Central Air
Flooring Luxury Vinyl, Tile, Vinyl
Fireplaces Type Electric, Living Room
Furnishings Unfurnished
Fireplace true
Appliance Bar Fridge, Convection Oven, Dishwasher, Dryer, Electric Water Heater, Kitchen Reverse Osmosis System, Microwave, Refrigerator, Washer
Laundry Corridor Access, Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup
Exterior
Exterior Feature Lighting, Rain Gutters
Parking Features Off Street, RV Access/Parking
Fence Chain Link, Wood
Community Features Association Recreation - Owned, Deed Restrictions, Golf Carts OK, Park, Playground, Tennis Court(s)
Utilities Available Cable Available, Electricity Connected, Phone Available, Water Connected
Amenities Available Park, Pickleball Court(s), Playground
View Y/N No
Water Access No
View Trees/Woods
Roof Type Shingle
Exposure South
Garage false
Private Pool No
Building
Lot Description City Limits, Level, Oversized Lot, Paved
Story 1
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Septic Tank
Water Well
Structure Type Block,Stucco
New Construction false
Construction Status Completed
Schools
Elementary Schools Taylor Ranch Elementary
Middle Schools Venice Area Middle
High Schools Venice Senior High
Others
Pets Allowed Yes
HOA Fee Include None
Senior Community No
Ownership Fee Simple
Acceptable Financing Assumable
Membership Fee Required None
Listing Terms Assumable
Special Listing Condition None
NEARBY SCHOOL & BUSINESS
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Jon Penny
Team Leader-Broker Associate License ID: BK3055942
Team Leader-Broker Associate License ID: BK3055942