VENICE ISLAND LIVING AT ITS BEST! PRIVATE POOL HOME IN BELLAGIO!NOT FLOOD ZONE! Welcome to 126 Rio Terra, Venice, FL, a rare opportunity to own a beautiful island retreat in Bellagio, Venice Island's exclusive gated community! This light and bright Rialto model offers 2 spacious master suites PLUS a Dedicated Office, 2.5 baths, and a 2-car garage, and comes mostly furnished for an easy move-in or the perfect seasonal escape. Step inside to an inviting foyer with a stunning view straight through the home to your private outdoor oasis! Enjoy the south-facing screened lanai, gas-heated swimming pool, relaxing jacuzzi, and peaceful views of the Venetian Waterway Park greenbelt-a natural backdrop that provides exceptional privacy. Both master suites feature sliding glass doors to the lanai, so you can wake up to pool views and enjoy the Florida lifestyle right from your bedroom! The thoughtfully designed interior features beautiful Plantation Shutters throughout, a dedicated office with two built-ins, a spacious kitchen with a breakfast bar, gas range, and two pantries, plus a dining room with attractive lighted built-ins and direct access to the lanai. Both master suites have generous walk-in closets and private en-suite bathrooms with garden tubs, separate Roman-style walk-in showers, and private water closets. Additional highlights include a separate laundry room, ceiling fans throughout, and a gas line on the lanai ready for your outdoor grill. MAJOR UPDATES INCLUDE: HVAC replaced in 2019 Gas water heater replaced in 2022 Pool gas heater replaced in 2022 New carpet in both master suites NEWER TILE ROOF INSTALLED IN 2025, WITH TRANSFERABLE WARRANTY TO THE NEW BUYER. Bellagio offers a wonderful maintenance-friendly lifestyle, with grounds care included, plus a heated community pool, fitness center with showers, clubhouse and library, Har-Tru tennis/pickleball court, bocce ball court, sidewalks, a garden park, two gated entrances, and an active calendar of community gatherings and activities. LOVE THE LOCATION! Situated approximately one mile from the Gulf of Mexico, this exceptional property offers easy access to Venice's beautiful beaches, charming downtown, shopping, restaurants, parks, and waterfront attractions. The community is located along the Venetian Waterway Trail, connecting to the Legacy Trail for miles of scenic walking and biking, with access toward Sarasota. Whether you're searching for a full-time residence, a winter getaway, or a place to enjoy the best of Southwest Florida, this home delivers privacy, comfort, and the relaxed island lifestyle you've been dreaming of. Enjoy the pool, explore the trails, head to the beach, and experience BEST OF Venice Island!