Venice has always been considered a prime retirement spot for people who really want to enjoy their golden years. In addition to the beach, golf courses, attractions, and year-round sunshine, Venice is also home to many communities that have been specifically developed with senior citizens in mind. Such is the case of Panacea in Venice, a gated collection of villas built in 2018 by Greenacre Homes.

Panacea is located to the north of the Venice Gold and Country Club, east of Jacaranda Boulevard, and south of Venice Avenue. This 55+ community was developed in 2018, and it consists of 38 paired villas built in the northern Italian and Mediterranean styles of architecture that Venice is known for. The Panacea villas offer as much living space as single-family residences; all units offer three bedrooms, and the coziest floor plan boasts living spaces of at least 1,300 square feet.

Homeowners in Panacea enjoy a maintenance-free lifestyle. The meticulous upkeep of tropical landscaping is included within the reasonable homeowners association fees, which also grant access to the clubhouse and community swimming pool. Panacea is located about 15 minutes away from the beach and the Historic Downtown Venice district, which is filled with restaurants, pubs, boutiques, and art galleries. The nearest shopping center, Jacaranda Commons, is anchored by a Publix supermarket as well as a CVS Pharmacy; plus, it offers dining options such as a gourmet Tex-Mex restaurant and a British pub.

As of mid-September, pricing for the larger villas at Panacea started around $425K. Real estate investors should know that pre-construction prices in this neighborhood were around $300K in 2018. These villas tend to sell very quickly because they are packed with extras such as natural gas connections, tank-less water heaters, smart HVAC systems, walk-in pantries, designer kitchens, dual vanities in the master bathroom, upper-level lofts, large balconies with European styling, and others.