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$1,310,486Estimated home value

Beds
3
Baths
3.0
sq ft
2,343

1109 The Rialto, Venice, FL 34285

1109 The Rialto

VENICE, FL 34285

  • Off market
    • Price drop $15,000↓
PARADISE FOUND! ***3D Matterport Tour Available - click on Virtual Tour link *** This stunning custom-built island home represents Florida living as only few can imagine. The open floorplan and attention to detail define the idyllic coastal lifestyle that dreams are made of. As you enter the inviting open living space, you notice the sublime combination of elegance and casual living perfect for entertaining family and friends or quietly relaxing. Ten-foot tray ceilings, crown molding, and porcelain tile are featured throughout, melding elegance with a layout perfect for style and comfort. The kitchen features solid wood cabinets with under-cabinet lighting, and an expansive quartz center island with a microwave cabinet along with seating space. Designed to blur the lines of indoor and outdoor space, the fully pocketing sliding doors adjacent to the kitchen open directly into the pool area creating an amazing space ideal for entertaining. No detail has been overlooked as motorized retractable screens are built-in for added comfort in addition to 3 separate zones of HVAC control. The formal dining area is situated in front of a huge aquarium window, also overlooking the pool area. The two bedrooms in the main house are in separate wings and each have solid core doors for an added level of peace and quiet. There is also a designated office space, apart from the main living area that is perfect for working at home when required. One of the more unique features of this home is the separate self-contained Casita . Ideal for guests, it is self-contained and has a full bath with walk-in shower, murphy bed and its own entrance. The 10,000-gallon heated saltwater pool with sun shelf and umbrella hole is situated in a fully walled courtyard insulating you from the outside world. Built in 2019 to current codes and standards, this home is designed to withstand the occasional inclement weather and features hurricane rated windows and barrel tile roof. In addition, no flood insurance is required! As a result, TOTAL annual insurance cost for 2024/25 is $1571!! . There is also a well available on the property that can be used for irrigation if desired. Located a short walk or bike to multiple local beaches and close to everything the island of Venice has to offer such as dining, entertainment, theater, fishing, golf, and shopping. This is an excellent opportunity to make your dreams come true. **Explore this exceptional property through the 3D Matterport tour—click on the virtual tour button or, copy this link: https://my.matterport.com/show/?m=fLcYy9Dziuf for a fully interactive experience**. Bedroom Closet Type: Walk-in Closet (Primary Bedroom).

Details

Property type

Single Family Residence

Est. home value

$1,310,486

Lot size

0.24 acres

Price per sq ft

$666

Year built

2019

Annual property taxes

$9,114.78

Price History

08/01/2024
StellarMLS

StellarMLS #A4594994

Removed
$1,560,000
06/26/2024
StellarMLS

StellarMLS #A4594994

Price change
$1,560,000
-0.95%
04/27/2024
StellarMLS

StellarMLS #A4594994

Price change
$1,575,000
-1.5%

Schools & Community

Neighborhood: 

The Island

Elementary school: 

Venice Elementary

Middle school: 

Venice Area Middle

High school: 

Venice Senior High

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,067,472
Asking price
$1,560,000
Closing costs (~8% of asking)
-$124,800
Est. remaining loan balance
-$367,728
Cash to seller
$1,067,472

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Flagstar Bank Fsb

Loan start date

March 2021

Original loan amount

$399,000

Est. remaining balance

$367,728

Interest rate

2.79%

Loan type

New Conventional, 30 year

Seller

Lloyd H Collins Jr and Debora A Collins

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Off Market

Tomo last checked: 10/04/2024 at 10:55 PM

Listing updated: 06/26/2024 at 4:09 PM

Listed by: George Miller, COLDWELL BANKER REALTY Phone #: (941) 349-4411

MLS: StellarMLS #A4594994

StellarMLS logo

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