SARASOTA, FLORIDA, June 13th, 2016 – Recent emphasis on higher density is paving the way for townhomes as a rising option for housing in the historic Island of Venice.
Coming in as an under-the-radar counterpoint to several master-planned developments east and south of the city, these new choices promise to revitalize the aging housing stock around Venice’s downtown district. One of the transformations taking place is at Milan Avenue where this stretch just south of the city center has been transitioning from a commercial to a residential zone.
One lead project here is the Bella Milan which is planned in the site of a recently demolished circa 1950s residence. Expected to be completed in 2016, this is a relatively small project for two-story attached townhomes. New Urbanism in its design, this property is planned for just three units each having 1,825 square feet of air-conditioned space.
A bigger townhouse development, Che Vista, is proposed at the corner of Madrid Avenue and The Esplanade northeast of downtown and right across the street from the public beach. This project is planned as a four-level condominium good for 15 residential units with living areas of 1,800 square feet and under-building parking spaces.
Projected pricing of these condos is in the $600s range, and their amenities include a heated pool and spa. The Venice Planning Commission has already recommended a rezoning for increased density of the Che Vista site.
The Esplanade’s stretch running north to south parallel to the public beach is notably one exciting destination in searches of Venice condos for sale. Che Vista’s next-door neighbor is the upscale condominium Beleza where spacious two- to three-bedroom units with floor plans of over 2,000 square feet are priced from the $900s up to about $1.5 million.
Other condos in this beachfront neighborhood include Gulf Shores, Gulf Twin Towers, Imperial House of Venice, Gulf Point, and the Venice Beach Apartments. Listings of Venice condos for sale in this coveted area can start in the upper $100s‒$200s range for one-bedroom, 600‒800-square-foot apartment units. Other available condos can level up to the $500s for two-bedroom condos with floor plans of approximately 1,240 square feet.
Besides these selections and the proposed Che Vista and Bella Milan townhouses, pre-construction offerings at the San Lino condominium complex off East Venice Avenue are likewise generating market excitement. Only a few units are left in the seventh and last building under construction in this property which flaunts amazing lake views as well as a convenient location.
This new San Lino building holds just 12 units with those still unsold attractively priced in the $200s, featuring floor areas of about 1,500 square feet designed with two bedrooms and two baths. Resale condos with larger floor plans are likewise available in this complex, and these typically have floor plans of over 2,000 square feet with asking prices quoted in the $300s.
Significantly, Venice Avenue covering the length between the Intracoastal Waterway and U.S. 41 Bypass west of San Lino is also up for rezoning. The Venice Planning Commission recently recommended to the City Council that general commercial use be allowed in this corridor. This move paves the way not only for more amenities available to residents in the surrounding communities but also mirrors how zoning changes are reshaping the Venice property market.
SARASOTA, FLORIDA, October 7, 2019 – Property values of communities in the Sarasota-Manatee region now face lesser threat from neighborhood eyesores brought about by abandoned, foreclosed homes. Known in the real estate trade as zombie foreclosures, these properties have shrunk significantly in the region. According to an August report of ATTOM Data Solutions, abandoned […] more>>