507 gulf street

A rare opportunity west of Harbor Drive on the Island of Venice, just four blocks to a private beach and not located in a flood zone. This is the kind of property that almost never comes available. Set on an oversized, maturely landscaped corner lot surrounded by newer luxury homes, this is your chance to step into one of Venice Island’s most sought-after pockets with flexibility to enjoy, renovate, or build something truly exceptional.
Imagine starting your mornings with coffee in hand, the sound of birds chirping as the island wakes up around you. A short walk or golf cart ride takes you to your private neighborhood beach, where soft sand and Gulf waters set the tone for your day. Evenings are just as special - warm coastal breezes, glowing sunsets to the west, and the kind of peaceful setting that makes Venice Island living so unique.
The existing home offers a spacious, open layout with two en-suite bedrooms, along with both a separate family room and living area, creating flexibility for everyday living or hosting guests. Step outside to a 12x19 covered lanai and an additional 12x13 patio, perfectly positioned to capture both southern exposure and those coveted west-facing sunset views. With over a quarter-acre lot (104x113), there is ample room to add a pool or completely reimagine the property.
Surrounded by new construction, this homesite presents a compelling opportunity, whether you choose to renovate the current residence or build a custom home to today’s standards in a location that fully supports it.
Located within a private beach community, residents enjoy exclusive access just four blocks away, along with the charm and convenience of Historic Downtown Venice only one mile from your door. The area is golf cart and bicycle friendly, with easy access to waterfront dining, multiple public beaches, golf courses, tennis and pickleball courts, and scenic trails including the Island Loop and Venetian Waterway Trail connecting to the Legacy Trail.
With no CDD fees and an optional HOA of just $50 per year, this is a rare blend of location, lifestyle, and long-term upside - right in the heart of Venice Island. 2454 total sq cottage. One or more photos have been virtually staged.