RENTED APR 25, 2025

111 Ibiza Loop Venice, FL 34292

Estimated Value: $359,721 - $377,000

2 Beds
2 Baths
1,503 Sq Ft
$244/Sq Ft Est. Value

Highlights

  • 25 Feet of Lake Waterfront
  • Fitness Center
  • High Ceiling
  • Taylor Ranch Elementary School Rated A-
  • Clubhouse
  • Community Pool

About This Home

As of April 2025

VILLA AVAILABLE FOR ANNUAL RENT IN THE NEW COMMUNITY OF PALENCIA IN VENICE. This recently built 2 bedroom, 2 bath plus den condo is conveniently located near the entrance, clubhouse and pool. The enclosed lanai offers peaceful views of the community lake. The community features a large pool, fitness center, clubhouse, bocce ball, and walking trails. Palencia has an excellent location close to I-75, downtown Venice, Sarasota Memorial Hospital, dining, entertainment, shopping, and Venice and Nokomis beaches. Lawn maintenance is included.

Last Agent to Rent the Property

Alex Lane

PREMIER SOTHEBY'S INTERNATIONAL REALTY Brokerage Phone: 239-262-4242 License #3314329 Listed on: 03/20/2025

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Last Renter's Agent

Alex Lane

PREMIER SOTHEBY'S INTERNATIONAL REALTY Brokerage Phone: 239-262-4242 License #3314329 Listed on: 03/20/2025

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2022

Lot Details

  • 4,549 Sq Ft Lot
  • 25 Feet of Lake Waterfront
  • Lake Front

Parking

  • 2 Car Attached Garage

Home Design

  • Villa

Interior Spaces

  • 1,503 Sq Ft Home
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • Family Room Off Kitchen
  • Den
  • Lake Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $2,400
  • Property Available on 4/15/25
  • The owner pays for grounds care
  • 12-Month Minimum Lease Term
  • $100 Application Fee
  • 1 to 2-Year Minimum Lease Term
  • Assessor Parcel Number 0399020108

Community Details

Overview

  • Property has a Home Owners Association
  • Contact Alex Lane Association
  • Palencia Subdivision

Amenities

  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 2022

Lot Details

0

Parking

2

Rental Info

  • Furnished: Unfurnished
  • Lease Amount Frequency: Annually
  • Pets Allowed: Dogs OK
  • Available Date: 2025-04-15
  • Terms Of Lease: 1st Last and Sec Dep Required
  • Long Term YN: 1
  • Security Deposit: 2400
  • Pet Deposit Fee: 500

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Villa
  • Living Area: 1503
  • Lot Size Acres: 0.1
  • New Construction: No
  • Year Built: 2022
  • Building Area Total: 1503
  • Lease Term: Twelve Months
  • Lot Size Sq Ft: 4549
  • Owner Pays: Grounds Care
  • Status: Leased
  • ResoBuildingAreaSource: Builder
  • Building Area Total Srch Sq M: 139.63
  • Minimum Lease: 1-2 Years
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 1.60
  • Water Access YN: 0
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 239-262-4242
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), High Ceilings, Kitchen/Family Room Combo, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Total Bedrooms: 2
  • Levels: One
  • Additional Rooms: Den/Library/Office
  • Living Area Meters: 139.63

Exterior Features

  • Pool Private: No
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water View: Lake
  • Water View YN: 1
  • Waterfront Feet Total: 25
  • Water Frontage Feet Lake: 25

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Laundry Room

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Pool
  • Association Name: Contact Alex Lane
  • Association: Yes
  • Senior Community: No
  • Association Approval Required YN: 1
  • Pet Restrictions: Pets are considered on a case by case basis
  • Association Fee Requirement: None
  • Max Pet Weight: 35
  • Pet Size: Small (16-35 Lbs.)

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00
  • Application Fee: 100

Lot Info

  • Parcel Number: 0399020108

Multi Family

  • Waterfront Features: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2022
Sold by
Dr Horton Inc
Bought by
Babu Jayesh Charles
Current Estimated Value
$367,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,792
Outstanding Balance
$350,762
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$16,418
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Babu Jayesh Charles $459,740 Dhi Title Of Florida
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Babu Jayesh Charles $367,792
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2025 04/25/25 Rented $2,400 0.0% --
03/20/2025 03/20/25 For Rent $2,400 0.0% --
05/18/2024 05/18/24 Rented $2,400 0.0% --
05/10/2024 05/10/24 Price Changed $2,400 -4.0% $2 / Sq Ft
04/30/2024 04/30/24 Price Changed $2,500 -3.8% $2 / Sq Ft
04/26/2024 04/26/24 Price Changed $2,600 -1.9% $2 / Sq Ft
04/16/2024 04/16/24 Price Changed $2,650 -3.6% $2 / Sq Ft
02/08/2024 02/08/24 For Rent $2,750 -8.3% --
04/01/2023 04/01/23 Rented $3,000 0.0% --
03/06/2023 03/06/23 Under Contract -- -- --
02/02/2023 02/02/23 For Rent $3,000 -- --
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,717 $283,100 $58,900 $224,200
2024 $5,392 $313,300 $82,600 $230,700
2023 $5,392 $354,400 $107,800 $246,600
2022 $1,031 $65,000 $65,000 $0
2021 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4645511

Stellar MLS

APN: 0399-02-0108