Behind the gates of Bayway Isles, where swaying palms, and breathtaking sunsets create a World that feels far removed from the ordinary, this extraordinary coastal retreat invites you to experience the beauty, peace and effortless elegance of luxury Florida Living. Featuring 3 spacious bedrooms plus a dedicated office, this extraordinary coastal retreat is nestled among sparkling waterways and multimillion-dollar estates. Bayway Isles is one of St. Petersburg’s most coveted island enclaves — offering privacy, exclusivity, and a serene coastal atmosphere just moments from world-famous beaches, marinas, fine dining, and vibrant downtown St. Pete. Elevated, high and dry during recent storms, and positioned above surrounding homes, this property offers not only breathtaking beauty, but peace of mind in an exceptional waterfront community. From the moment you enter, natural light pours through hurricane-impact windows and doors, illuminating elegant crown molding, wood-look tile flooring, plantation shutters, and custom finishes throughout. The thoughtfully designed split floor plan offers both privacy and comfort, while the luxurious primary suite feels like a private sanctuary. The heart of the home is a stunning gourmet kitchen complete with quartz countertops, stainless steel appliances, an oversized breakfast island, and pass-through windows that seamlessly connect indoor and outdoor entertaining. The living room is equally captivating, anchored by custom built-ins and a dramatic modern stone fireplace, all framed by sweeping views of the resort-style backyard oasis. Step outside to a breathtaking private paradise where every detail has been curated to evoke the feeling of an exclusive luxury resort. A massive heated saltwater pool with stepping stones, infinity-edge spa, commercial-grade built-in gas tiki torches, dual fire features, and lush mature landscaping create an unforgettable setting both day and night. The expansive covered lanai, gazebo, outdoor kitchen, and spectacular landscape lighting transform the backyard into an enchanting escape designed for entertaining, relaxing, and making lifelong memories. Wake each morning to tranquil pool views from the luxurious primary suite, then unwind in the beautifully updated spa-inspired bathroom featuring a zero-entry walk-in shower and designer finishes. Additional highlights include a 2021 HVAC system, oversized 2-car garage with EV charger, abundant storage, and exceptional indoor-outdoor flow throughout the home. Located just minutes from the sugar sands of St. Pete Beach, Fort De Soto, marinas, waterfront dining, and vibrant downtown St. Petersburg, this home offers the perfect balance of privacy, elegance, and coastal convenience. This is more than a home — it’s a lifestyle reserved for those who expect the extraordinary.
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.
