The Venice FL area, especially Venice Island, has a mix of condo and co-op buildings.



With a co-op, you do not actually own the unit.  All units are owned by a corporation that owns the buildings and grounds.  This corporation either issues you shares of stock in return for your use of the unit, or you are issued a proprietary lease.  In the case of a proprietary lease, you are technically a tenant, where the lease spells out rules and regulations for the use of the unit.

One of the biggest differences in purchasing a co-op is that you may have to be approved by a committee of current owners, based mostly on your financial ability to own.  Financing a co-op has become easier in recent years, with banks issuing "share loan" mortgages.

Like a condo, co-ops are managed by a central authority (the corporation) which has the responsibility of property maintenance and day to day operations.  Meetings are held where owners can vote on issues such as assessments for major property upgrades.

Ownership in a co-op is generally treated similarly to condo ownership from a tax standpoint.  If you took out a mortage to buy your share of stock in the co-op, that mortgage interest may be deducted from federal taxes.  I advise you to consult with your tax professional to get a full picture of how co-op ownership may affect you.


Most buyers are more familiar with condo ownership than co-ops.  With a condo, you own your unit and belong to an association.  It manages day to day operation as well as maintenance of major building systems such as roofs, windows, and community pools.

Condo association approval usually involves a background check and an application fee, most times performed by an outside management company. 

Different types of condos may have different ownership responsibilities.  For example, villas and townhome style properties may be managed as condos.  Villa and townhome owners may own the ground the villa sits on, and may be responsible for roofs, windows, and pest control.  Traditional condo owners are usually responsible for anything inside the studs of the individual condo unit.

Venice Beach Apartments Venice FL co-op for sale



Licensed FL Broker Associate

FL license BK3045865

David Barr Venice FL Realtor
David Barr Venice FL Realtor



Part 107 commercially licensed UAV operator


  • David Barr Realtor YouTube Channel
  • David Barr Realtor Facebook Page
  • David Barr's Instagram
  • David Barr Realtor on LinkedIn
  • David Barr's Real Estate Blog
Venice FL real estate agent David Barr

**Disclaimer: HOA ,condo fees, and management companies are subject to change without notice.


© 2020 Stellar MLS. All rights reserved. 
The data relating to real estate displayed on this website comes from the Internet Data Exchange (IDX) Program of My Florida Regional Multiple Listing Service, Inc. Not all listings are mine or those of Berkshire Hathaway HomeServices Florida Realty.  Listings displayed are based on my service area and online search keywords for the relevant page.  All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.