Extraordinary Waterfront Living on Mountain Island Lake. It's all about the Lake! An Outdoor Oasis & Entertainer’s Dream! Tucked discreetly away from the street, this one-of-a-kind luxury waterfront estate delivers what lake living is truly about—unparalleled panoramic views of Mountain Island Lake. With commanding sightlines across open water, the home faces the protected shoreline of Latta Nature Preserve’s 1,500 plus acres, ensuring lasting privacy and freedom from future congestion. Approximately 20 minutes from Uptown Charlotte, this property offers the ideal balance of resort-style escape and everyday convenience. Designed around a striking Fire and Water theme, the home was crafted for elevated entertaining indoors and out, with abundant parking and thoughtfully curated spaces throughout. Outdoor Oasis – Resort Living at Home - The property rivals a five-star resort, anchored by a stunning saltwater pool and hot tub with expansive walk-in steps and dramatic gas fire features. A swim-up bar with submerged bar stools invites relaxation, while covered bar and lounge areas provide dining, seating, and a large-screen television—perfect for game days or evenings by the water. Two outdoor kitchens elevate entertaining, including a restaurant-quality gas griddle and hood with dual warming drawers on the lakeside. A charming gazebo features two water elements—an elongated fountain and a rock-stone fountain—centered around a wood-burning fire pit. A glamping-style guest cabana with mini kitchen offers a unique poolside retreat, while an herb and specialty flower garden space adds fragrance and culinary inspiration. Poolside convenience includes direct access to an oversized bath with dual lavatories, dual showers, and hand-selected ornate grained granite. Waterfront Excellence – A Dock Like No Other - A newly constructed, massive two-tier, double-decker dock built with Trex-style materials offers carefree lake enjoyment. The upper level features Gutter Deck waterproof decking, engineered to stay cooler with superior water-wicking properties—perfect for morning yoga, workouts, or sunset gatherings. The terraced lower level includes two-dual boat lifts for maximum protection of your luxury boat. A Rotomag jet ski lift rotates your jet ski to the perfect position, complete with its own access ladder. Extra-wide stairs for kayaks and paddleboards, and a golf-cart path connecting the home to the dock. A lakeside landing with porch swing provides a peaceful place to take in the views. Interior – Modern Renovation with Artistic Detail - Inside, stone accents, blonde wooden beams, and a warm modern aesthetic continue the Fire and Water theme. Artisan-bleached stonework in den adds refined texture, while the chef’s kitchen features top-tier appliances, luxurious leathered Quartzite counters, and a bay window framing lake views. Second laundry area on main level to for pool convenience. Bedrooms & Flexible Living Spaces - The upstairs primary suite showcases breathtaking floor-to-ceiling windows with ensuite bath. A second upstairs oversize bedroom with a hall full bath with laundry area. A third bedroom, currently utilized as an oversized custom closet, easily converts back. Above the three-car garage, a fourth bedroom functions as a private apartment with sitting area and modern cabinetry and half bath. Additional Features: three-car garage, lake-fed irrigation, Sonance outdoor audio via Sonos app, and EEROS WiFi booster for seamless outdoor connectivity. This is not just a home—it is the premier offering on Mountain Island Lake, where luxury, privacy, and unforgettable entertaining converge. American Home Shield Warranty included. New roof 2025.
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.
