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STACY WEINGARTEN

stacy.weingarten@joinreal.com +1(941) 432-4141

$400,000

Est. payment - /mo

2 Beds

2 Baths

997 SqFt

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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

BUY FOR $240,000 WITH ASSUMABLE 2.75 RATE INTEREST MORTGAGE (23+ YEARS)

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

Read Less Info

Listed by Craig McCoy PREFERRED SHORE LLC

1488 JUPITER RD Venice, FL 34293

STACY WEINGARTEN

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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