1488 Jupiter Road, Venice, FL 34293
- $400,000
- 2
- BD
- 2
- BA
- 997
- SqFt
- List Price
- $400,000
- Status
- Active
- Days on Market
- 1
- MLS#
- A4705191
- Property Style
- Single Family
- Year Built
- 1991
- Bedrooms
- 2
- Bathrooms
- 2
- Living Area
- 997
- Lot Size
- 16,000
- Acres
- 0.37
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- South Venice
- Community Name
- South Venice
- MLS Area Major
- Venice
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.
Additional Information
- Taxes
- $2623
- Minimum Lease
- 1 Month
- Maintenance Includes
- None
- Location
- City Limits, Level, Oversized Lot, Paved
- Community Features
- Association Recreation - Owned, Deed Restrictions, Golf Carts OK, Park, Playground, Tennis Court(s)
- Property Description
- One Story
- Zoning
- RSF3
- Interior Layout
- 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
- 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
- Floor
- Luxury Vinyl, Tile, Vinyl
- Appliances
- Bar Fridge, Convection Oven, Dishwasher, Dryer, Electric Water Heater, Kitchen Reverse Osmosis System, Microwave, Refrigerator, Washer
- Utilities
- Cable Available, Electricity Connected, Phone Available, Water Connected
- Heating
- Electric
- Air Conditioning
- Central Air
- Fireplace Description
- Electric, Living Room
- Exterior Construction
- Block, Stucco
- Exterior Features
- Lighting, Rain Gutters
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Features
- Off Street, RV Access/Parking
- Elementary School
- Taylor Ranch Elementary
- Middle School
- Venice Area Middle
- High School
- Venice Senior High
- Fences
- Chain Link, Wood
- Water Name
- Gulf Of America
- Water Extras
- Boat Ramp - Private
- Pets
- Allowed
- Flood Zone Code
- AE
- Parcel ID
- 0457020037
- Legal Description
- LOTS 5127 THRU 5130 SOUTH VENICE UNIT 20
Listing courtesy of PREFERRED SHORE LLC. 941-999-1179
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