Looking for a 2-bed short-term rental condo in Destin Florida near Henderson Beach State Park with Gulf views and resort amenities? Residence 11013 at The Palms of Destin Resort and Conference Center offers a fully renovated 10th-floor residence in Building 2 with spectacular views overlooking the lagoon-style pool and the Blue Lagoon restaurant, along with views of the Gulf of Mexico from the private balcony. Offered at $360,000, this turnkey property combines a prime Destin location, strong guest appeal, and one of the most recognizable resort environments along Florida's Emerald Coast. Inside, the 970-square-foot layout provides a comfortable and efficient two-bedroom, two-bath design that works well for both vacation stays and rental guests. The open living and dining area flows naturally toward the private balcony, allowing residents and visitors to enjoy elevated views across the resort's central amenities and the surrounding Destin skyline. The residence was completely renovated in 2025 and refreshed with new flooring, fresh interior paint, updated bedroom furnishings, curated artwork, refreshed kitchenware, balcony furniture, and smart televisions. The updated interior creates a clean coastal atmosphere while remaining durable and practical for vacation use. The Palms of Destin Resort and Conference Center is known for its extensive amenities and convenient location within the city of Destin. Residents and guests have access to a large lagoon-style pool with zero-entry design and expansive sunbathing areas, along with on-site dining at the Blue Lagoon restaurant, tennis courts, a fitness center, landscaped recreation areas, and a seasonal shuttle service that connects visitors to nearby beaches, shopping areas, restaurants, and entertainment venues throughout Destin. Beach access is located directly across the street at June White Decker Public Beach Access on Restaurant Row, while Henderson Beach State Park offers additional shoreline, scenic coastal dunes, and nature trails just minutes away. Quarterly HOA dues of $3,598.18 include electricity, water, sewer, cable television, internet service, building insurance, security, groundkeeping, management, and access to the community's recreational facilities. The one-time new buyer fee is $1,199.40. Property taxes for 2025 were $3,227.20. With its 10th-floor elevation, full interior renovation, resort amenities, and proximity to Destin's beaches, Residence 11013 presents a compelling opportunity for buyers seeking a vacation home, second residence, or income-producing property along Florida's Emerald Coast.
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.
