SARASOTA, FLORIDA, August 5, 2019 – A recent ranking of the U.S Chamber of Commerce put Venice as No. 2 among the most livable Florida cities. This stellar rating came just as some major projects were completed in the city’s downtown recently, which surely help further build market interest in Venice real estate for sale.
Five factors were considered in the U.S. Chamber’s analysis, namely: employment, covering median earnings and number of establishments; the number of owner-occupied homes with a mortgage and monthly costs of housing; the quality of life, including poverty levels work and commute; the percentage of residents with a bachelor’s degree or higher; and health, with obesity ratios considered.
In naming Venice in the top-rated Florida cities, the U.S business organization likewise cited the city’s long and lovely coastline and the Venice arts district, home to the nation’s largest community theater.
Significantly, the downtown location of Venice Theatre and the arts district saw completion just this July of a multi-million dollar beautification project. This initiative involved upgrades to infrastructure some of which dated back to the 1920s. It covered paving of Miami, Tampa, and Venice avenues between Harbor Drive and U.S. 41, as well as major work on the Venice Avenue median.
Geared at making Venice Island a showplace for the region, aesthetic upgrades were undertaken in that traffic divider. Irrigation, fiber optic lines, and electrical conduit in the median were either installed or repaired too.
Additionally, stormwater and drainage improvements as well as sidewalk repair/replacement were also part of this beautification project which was initiated last year. With its completion, the entire Venice downtown is also now compliant with ADA (American Disabilities Act) standards.
Funding for the downtown initiative was sourced from the proceeds of an $18-million bond issue that Venice voters approved in November 2016. The bond bankrolled not only the downtown reconstruction but was also allotted for resurfacing 70 miles of Venice roads. A second phase for the downtown improvements, which would upgrade stormwater drainage on Nokomis Avenue, brings the overall allotment of city-center initiatives to about $9.2 million.
Certainly, there are many existing Venice real estate properties bound to directly draw market benefits from the major makeover of the city’s historic downtown district. One of these is the condominium The Waterfront on Venice Island located on the northeast quadrant of Tampa Avenue and Tamiami Trail (U.S. 41). One of the most recent listings in this condominium, which was put on the market early this year, is a two-bedroom, two-bath unit with a living area of 2,165 square feet and priced in the low $900s.
Market prospects, both for prospective buyers and aspiring sellers, should likewise look rosier for the boating community of Country Club Estates just south of downtown Venice. Sometime in May this year, a residence in this property built in 2015 was sales-listed with a tag price around the mid $600s. It features three bedrooms, two baths, and a half-bath within its floor area of close to 2,600 square feet and with a front-row seat to the current upbeat mood of downtown Venice.
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>>