Tucked within the sought after Lakes district of Seabrook Island, this architecturally captivating residence is once again available, offering a renewed opportunity to own a truly distinctive island home. Designed and built by renowned architect Ray Phillips, whose signature work graces both Seabrook and Kiawah, this property is more than a home. It is a story waiting for its next chapter. From the moment you enter through the grand restored English pub door dating to the 1830s, you are welcomed into a space where thoughtful design meets timeless character. Graceful arches, oak shiplap ceilings, and Venetian palace iron gates introduce old world artistry, while expansive Pella glass doors and a wraparound deck frame uninterrupted views of the shimmering lagoon beyond. The open floor planallows natural light to move effortlessly across solid oak floors, highlighting trey ceilings and architectural details that make this residence one of a kind. The kitchen has been thoughtfully updated with granite counters, induction cooking, and a skylit breakfast nook that balances beauty and function. The primary suite serves as a private retreat, complete with wool carpeting, a walk-in closet, and a spa inspired bath featuring a jetted tub and glass enclosed shower. Two additional guest bedrooms share an updated bath, and the expansive family room flows seamlessly to the outdoor living spaces, inviting you to embrace Seabrook's relaxed coastal lifestyle. Positioned on one of the island's highest land points, the property benefits from expert grading that naturally channels overflow water to the lagoon, combining beauty with practicality. Recent improvements, including a new roof in 2024 and a fully encapsulated crawl space, enhance both longevity and peace of mind. Ideally located just moments from the Lake House, Racquet Club, Equestrian Center, and Freshfields Village, and approximately 1.5 miles to North Beach, this home offers effortless access to the very best of Seabrook living. Opportunities like this do not present themselves often. Now back on the market, this rare architectural gem invites its next steward to continue the story. Seabrook Island, nestled along the South Carolina coast, encompasses 2,200 acres of breathtaking natural beauty, inviting residents and visitors to embrace a tranquil coastal lifestyle. With its lush maritime forests, serene marshlands, and pristine beaches, Seabrook Island offers a sanctuary where generations have crafted enduring memories in a peaceful, semi-tropical setting. This private oceanfront destination boasts the prestigious SIC Audubon Sanctuary Golf Courses and holds the distinction of being an Audubon International Certified Sustainable Community. The island's commitment to preserving its natural habitat ensures that its serene sanctuaries thrive. Members of the Seabrook Island Club enjoy exclusive access to world-class amenities, including two championship golf courses the Willard Byrd-designed Ocean Winds and the Robert Trent Jones, Sr.-designed Crooked Oaks. Additionally, there's a tournament-grade tennis center, pickleball courts, an equestrian center, fitness facilities, and aquatic options for leisure. Residents savor 4 miles of unspoiled beaches, along with diverse dining venues, shopping opportunities, and an array of social clubs and activities. Freshfields Village beckons with its exceptional shopping experience and a variety of dining options catering to every palate. For boating enthusiasts, Bohicket Marina stands as a full-service haven, offering 200 wet slips, 114 dry storage slips, a charming market, and delightful waterfront restaurants. Please note that the purchase of any property on Seabrook Island requires membership in the Seabrook Island Club. Additionally, buyers should be aware of the fees associated with the Seabrook Island Property Owners Association capital fund which is ½ of 1% of the purchase price as well a $250 transfer fee payable to SIPOA.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
