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$389,000

785 IBIZA LOOP, VENICE, FL 34292

3D Tour
Active1 days on market

Beds

2

Baths

2

Sq Ft

1,496 sq ft

Year Built

2024

Lot Size

0.10 acres

Garage

0

About This Property

Experience the perfect blend of modern luxury, thoughtful upgrades and tranquil waterfront living in Palencia, one of North Venice's newer gated communities. Completed in late 2024, this beautifully appointed two-bedroom, two-bath villa with a versatile den featuring elegant glass French doors offers the appeal of nearly new construction with an impressive collection of custom enhancements already in place. Perfectly positioned along an expansive pond, this residence enjoys peaceful water views and an exceptional location directly beside the community clubhouse, resort-style pool and fitness center. Inside, a bright, inviting floor plan showcases ceramic tile flooring throughout, with no carpet, a professionally painted interior and custom ceiling fans in both bedrooms, the main living area and lanai. Impact-resistant windows and doors provide added peace of mind, while insulation in all interior walls offers an additional layer of comfort and sound reduction. Sophisticated motorized dual roller shades offer effortless control of natural light and privacy, transitioning from softly filtered sunlight to room-darkening coverage at the touch of a button. Thoughtful upgrades continue throughout the home, including professionally designed custom closets, two pantries and additional hallway storage. A whole-house generator provides another valuable layer of convenience and preparedness, while professionally sealed grout throughout the home, including the bathrooms, showers and kitchen backsplash, reflects the attention to detail found at every turn. Step outside to the extended screened lanai and adjoining brick paver patio, where picturesque water views create a beautiful setting for morning coffee, outdoor dining or evening relaxation. Additional enhancements include a widened brick paver driveway, gutters, and a garage featuring professionally finished epoxy flooring and freshly painted walls. The outdoor patio also features removable artificial turf over the existing brick pavers, allowing flexibility to suit your personal style. Beyond the residence, Palencia offers a welcoming lifestyle with a community pool, fitness center, dog park and scenic walking path that winds along the pond. Conveniently situated near the gated entrance, the villa offers easy access in and out of the neighborhood. Enjoy the peaceful atmosphere of North Venice without sacrificing proximity to everyday conveniences, including Publix, shopping, dining and Interstate 75. The beautiful Gulf Coast beaches and charming boutiques, restaurants and attractions of historic Venice Island are also just a short drive away. With its nearly new construction, extensive upgrades, exceptional waterfront setting and desirable location beside the community amenities, this remarkable villa offers an opportunity to enjoy the best of Florida living without the wait or added expense of making a new home your own.

Property Overview

Property TypeResidential
Sub TypeVilla
MLS #TB8557183
StatusActive
Year Built2024
Total Rooms9
ConstructionConcrete, Stucco
RoofTile
FoundationSlab
FacesNorth
SubdivisionPALENCIA
CountySarasota
OwnershipFee Simple
FurnishedNegotiable

Interior Features

InteriorCeiling Fan(s), Eating Space In Kitchen, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
FlooringCeramic Tile
AppliancesDishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
LaundryLaundry Room
WindowsBlinds, Storm Window(s)
CoolingCentral Air
HeatingCentral, Electric
SecurityGated Community, Smoke Detector(s)

Exterior & Lot

ExteriorSidewalk, Sliding Doors
Lot Size0.10 acres (4,550 sq ft)
Road SurfaceAsphalt
ViewWater
0

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesBB/HS Internet Available, Cable Connected, Electricity Connected, Fiber Optics, Public, Sewer Connected, Street Lights, Underground Utilities, Water Connected

Parking

GarageYes

HOA & Community

HOAYes
HOA Fee$312 / Monthly
Senior CommunityNo

Financial Details

List Price$389,000
Annual Taxes$5,015 (2025)
FinancingCash, Conventional, FHA, VA Loan
ZoningPUD
Parcel #0399020202

Schools

ElementaryLaurel Nokomis Elementary
MiddleLaurel Nokomis Middle

Directions

East on Venice Ave to North Auburn to right on Border to Palencia, Gate Code required.

Location

785 IBIZA LOOP, VENICE, FL 34292

Listing Information

OfficePREMIER SOTHEBYS INTL REALTY
ListedOctober 15, 2026

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Home Price

$389,000

20% ($77,800)
6.75%

Loan Term

Principal & Interest$2,018
Property Tax (est.)$357
Insurance (est.)$150
Total Monthly$2,525
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Nearby Schools

How to Buy This Home

Multiple financing options available for this $389,000 home in VENICE.

🏛️

FHA Loan

$13,615 Down

Government-backed, low down payment. Credit scores as low as 580.

🎖️

VA Loan

$0 Down

Zero down for eligible veterans, active duty, and military families.

🏦

Conventional

$19,450 Down

Traditional financing. As low as 3-5% down with good credit.

Florida Down Payment Assistance Programs

You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.

Florida Hometown Heroes

Up to $35,000

First-time buyers working in FL

FL Assist

Up to $10,000

FHA, VA, or USDA borrowers

FL HLP Second Mortgage

Up to $10,000

First-time buyers, 0% deferred

Sarasota County SHIP

Varies

Income-qualifying Sarasota residents

Can You Afford This Home?

Quick check based on the 28% debt-to-income rule. Not a guarantee — just a starting point.

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: October 16, 2026.

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