507 GULF STREET, VENICE, FL, 34285
Active137 days on marketListed Mar 20, 2026MLS #A4686803
About this home
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.
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,552
Sqft
0.27 ac
Lot size
2
Garage
1971
Year built
One
Levels
$547
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$5,707 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$5,707/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+124.1%
$/sqft vs Venice actives
$547 vs $254
Days on market
137 vs 59 typical
Where $547/sqft sits among the 400 Venice actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Venice
Get to know Venice. See the full Venice guide →
VENICE 34285 — neighborhood snapshot
Population
18,821
Median age
69.6
Median income
$67,712
Median home value
$295,400
Avg household
1.74
Households w/ children
679
For the school run
Sarasota County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Venice market
$390K → $375K
Venice median sold, yr/yr
95.6%
Sale-to-list ratio (12 mo)
180 of 400
Venice actives have cut their price
Median sold price, Venice, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 271% above the VENICE 34285 median. See the full Venice market guide →
Paper trail
This home's history
Reality check
What actually sold near 507 GULF STREET
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Mar ’26$650,000
397 FLAMINGO DRIVE · same community
2 bd · 2 ba · 1,476 sqft · $440/sqft · 349 DOM
Sold · May ’26$2,615,000
320 GASPARILLA STREET · same community
3 bd · 2 ba · 1,741 sqft · $1,502/sqft · 39 DOM
Sold · Jul ’26$605,000
817 HARBOR DRIVE S · same community
2 bd · 1 ba · 1,040 sqft · $582/sqft · 97 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Dan Schriver
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 507 GULF STREET — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 507 GULF STREET — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Dan's phone and CRM.
Straight answers
507 GULF STREET FAQs
What would the monthly payment be for 507 GULF STREET?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $5,707/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 507 GULF STREET?+
The most recent tax bill on record (2025) was $7,774. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 507 GULF STREET?+
The listing reports pets: Cats OK, Dogs OK. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Venice?+
At $849,000, this home is listed about 116% above the Venice median of $392,500. The market section on this page shows how the area is trending.
Which schools are assigned to 507 GULF STREET?+
Venice Senior High School (high), Venice Elementary School (elementary), Venice Middle School (middle) — Sarasota County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Positioned at the premium end
$849,000 runs 271% above the VENICE 34285 median.
02Time on market is leverage
137 days on market against a Venice median of 59 — sellers in this position are usually ready to negotiate.
03Strong assigned schools
Venice Senior High School, Venice Elementary School, Venice Middle School — Venice Senior High School rates 4 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of ZACHOS REALTY & DESIGN GROUP · David Zachos. MLS #A4686803.
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 is deemed reliable but is not guaranteed accurate by Stellar MLS.
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