Venice’s luxury‐coastal market is cooling: median listings dipped to $2.4 M in April 2025, gross rental yields have fallen below 1.5 %, and inventory is up. Between rising property taxes, new transfer‐tax brackets, and Proposition 13 quirks, now’s the time to rebalance home equity, secure flexible financing, and optimize your tax strategy. This post breaks down the key stats, policy impacts, and three actionable plays to stay ahead.