Single Family Home for sale by owner in Venice, FL 34285. Bellagio on Venice Island was developed in 2000 as one of the finest new residential, gated communities on the Island of Venice. The community has 142 homes, designed with an Italian Renaissance theme, and is located on the intercoastal waterway. The community has an attractive clubhouse, exercise room, tennis court, and a year round heated pool. It is near a marina, golf course, and endless beautiful beaches. Bicycle paths lead to beache... See site for full property details.