tomo logo

$1,530,000

Beds
3
Baths
3.0
sq ft
2,343

1109 The Rialto, Venice, FL 34285

1109 The Rialto

VENICE, FL 34285

  • 58 days on market
    • Price drop $30,000↓
This custom-built island home represents Florida living at its finest. Nestled half-way between the Gulf of Mexico and the Intercoastal Waterway, it offers opportunities for a wide range of activities from beaches, boating, dining and entertainment. Constructed in 2019, and compliant with all current construction codes and standards, it has withstood recent weather events without any damage whatsoever. NO flood insurance is required, and home-owners insurance is surprisingly low for Florida standards. Offering a spacious open floor plan for casual living, entertaining, and comfort allowing the occupant to enjoy the Florida island lifestyle you desire. Ten-foot tray ceilings, crown molding, and porcelain tile are featured throughout. The kitchen is a dream! Featuring solid wood cabinets offering pull-out shelving and soft closing doors, the upper cabinets also have under cabinet lighting with light rails providing soft indirect lighting. A spacious quartz island can accommodate four for casual dining or snacks and houses a microwave drawer as well as two sided cabinets for maximum storage. Designed to blur indoor and outdoor living, the fully pocketing sliders adjacent to the kitchen, open the area to a large lanai and inground saltwater pool creating an amazing space for entertaining and relaxation. No detail was overlooked as motorized retractable screens are added for comfort. The home has three separate zones for HVAC control and a whole house surge protector. Ceiling fans are located throughout the home including the lanai to enjoy your tropical paradise. The dining area is situated in front of a three-sided aquarium window overlooking the pool, lanai, and garden. The two bedrooms in the main home are on separate wings and each have an ensuite bath for convenience along with solid core doors for quiet and privacy. The primary bedroom features two separate walk-in closets to accommodate any size wardrobe. The designated office area has built-in file cabinets and a quartz countertop with easy access electrical outlets and cable connections handy for all technology. One of the more unique features of this home is the self-contained third bedroom/casita, ideal for guests or extended family members with full bath, walk-in shower, Murphy bed, and large walk-in closet and features sliding doors overlooking the pool area. This area could also be used as a man-cave or she-shed for the crafty lady of the house. The 10,000-gallon, free form, heated, saltwater pool has a sun shelf and umbrella port situated in a fully walled courtyard, insulating you from the outside world. Built in 2019, this home features hurricane rated windows, blown in attic insulation, and a barrel tile roof. The oversized two car garage contains a utility sink. A large laundry room is complete with cabinets, quartz countertop, and sink. There is also a working well on the property for irrigation if desired. The home is an easy short walk or bike ride to multiple beaches, which all provide free parking if you choose to drive or use your golf cart. The community offers many restaurants, entertainment venues such as the Venice Performing Arts Center and The Venice Theater, fishing options, golf, a dog park, and shopping, making this an excellent opportunity to make your dreams of living in paradise come true. **Click on the virtual tour button or copy this link: https://my.matterport.com/show/?m=fLcYy9Dziuf for a fully interactive experience**.

Details

Property type

Single Family Residence

Est. home value

$1,310,486

Lot size

0.24 acres

Price per sq ft

$654

Year built

2019

Annual property taxes

$9,114.78

HOA

No

Price History

12/04/2024
StellarMLS

StellarMLS #A4626971

Price change
$1,530,000
-1.92%
10/26/2024
StellarMLS

StellarMLS #A4626971

Listed
$1,560,000
08/01/2024
StellarMLS

StellarMLS #A4594994

Removed
$1,560,000

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

$1,042,225
Asking price
$1,530,000
Closing costs (~8% of asking)
-$122,400
Est. remaining loan balance
-$365,375
Cash to seller
$1,042,225

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

$365,375

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?

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Status: Active

Tomo last checked: 12/23/2024 at 4:00 AM

Listing updated: 12/04/2024 at 4:54 PM

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

MLS: StellarMLS #A4626971

StellarMLS logo

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