A truly unique opportunity on Venice Island! Few properties can boast the combination of direct access to the Venetian Waterway Trail, beautiful Intracoastal Waterway views, and a peaceful cul-de-sac setting within a gated community. Located in the gated community of Bellagio, this three-bedroom, two-bathroom pool home enjoys an extraordinary position overlooking the trail and Intracoastal Waterway, where passing boats and native Florida wildlife provide an ever-changing backdrop from much of the home and expansive screened lanai. For those who enjoy an active outdoor lifestyle, the location is truly special. Step directly from your backyard onto the Venetian Waterway Trail, where you can enjoy walking, jogging, biking, and wildlife watching along the Intracoastal Waterway. Connecting to the renowned Legacy Trail, this scenic pathway system offers nearly 23 miles of uninterrupted trails, with the added convenience of a route leading south to Caspersen Beach, famous for its natural beauty and shark tooth hunting. Inside, the home offers a spacious, functional layout designed for comfortable everyday living and entertaining. The generously sized kitchen features abundant workspace, a closet pantry, and a natural gas range. The primary suite offers a walk-in closet and an ensuite bathroom complete with dual sinks, a garden soaking tub, separate shower, and private water closet. Two additional generously sized bedrooms provide comfortable accommodations for guests or flexible space for a home office. Plantation shutters add timeless appeal throughout the home. Step outside to the expansive screened lanai, where covered and open-air spaces invite you to relax, entertain, or enjoy a swim while taking in the beautiful waterway views. The pool features an electric heater installed in 2021, while a natural gas hookup on the lanai offers additional possibilities for outdoor living. Additional highlights include a new roof in 2026, hurricane shutters for the rear lanai, a natural gas dryer, a paver driveway, and a two-car garage. The property is currently located in Flood Zone X, where flood insurance is generally not required by mortgage lenders. Bellagio on Venice Island offers a wonderful combination of privacy, convenience, and community amenities, including a clubhouse with social activities, community swimming pool, tennis and pickleball courts, and more. All of this is just minutes from historic downtown Venice, with its charming shops, restaurants, entertainment, and beautiful Gulf beaches. Whether you're enjoying the Intracoastal views from your lanai, exploring miles of trails right outside your door, or taking advantage of everything Venice Island has to offer, this home delivers an exceptional Florida lifestyle.