Welcome to Paradise! Located in the exclusive, guard-gated enclave of Bayway Isles, this beautifully designed residence invites you to experience the very best of Florida living—where everyday comfort meets extraordinary outdoor luxury. From the moment you arrive, you'll be welcomed by lush tropical landscaping and a true sense of privacy. Inside, the open floorplan is filled with natural light and thoughtfully finished with wood-look tile flooring, crown molding, and stylish touches throughout. The great room centers around a sleek, modern fireplace and offers sweeping views of the outdoor retreat, creating a seamless indoor-outdoor connection that’s perfect for both relaxing and entertaining. The kitchen is equally impressive, featuring quartz countertops, stainless steel appliances, a breakfast island, and expansive passthrough windows that open wide to the backyard, allowing you to fully embrace the Florida breeze and lifestyle. The highlight of this home is the breathtaking backyard escape—an entertainer’s paradise that brings the wow factor. The heated saltwater pool with an infinity-edge spa is framed by dramatic fire features, including a cascading rain curtain and built-in firepit set into a stone wall. A metal fire bowl at the far end of the pool, surrounded by steppingstones and colorful landscaping, adds a bold visual statement. Whether you’re enjoying a quiet evening under the stars or hosting a lively gathering, the covered patio and pergola provide plenty of space to unwind. The outdoor kitchen is fully equipped with a built-in Weber grill, wine and beverage coolers, an ice maker, and granite countertops, all enhanced by commercial-grade Bobe tiki torches and electric heaters to keep things cozy when the sun goes down. The primary suite is perfectly positioned for privacy and relaxation, offering direct access to the spa and tranquil backyard views. The updated en suite bath features a walk-in, doorless shower and sleek finishes. Two additional bedrooms and a second full bath provide ample space for guests or family. Additional features include a 2016 tile roof, 2019 hurricane-impact windows and doors, a 2021 HVAC system, plantation shutters, landscape lighting, crushed grain stone beneath artificial turf, a full-yard irrigation system, and an oversized two-car garage with an EV charger. Sitting at higher elevation than most, this property remained high and dry during recent storms—no hurricane damage or water intrusion here. The lifestyle and location are just as impressive as the home itself. St. Pete Beach is practically in your backyard, with the serene beauty of Fort DeSoto nearby for nature lovers and beachgoers. For a change of pace, head up the coastline to Indian Rocks or the infamous white sands of Clearwater Beach. Downtown St. Petersburg is less than 15 minutes away and offers vibrant dining, shopping, museums, festivals, and nightlife. When you’re ready to venture even further, the captivating Skyway Bridge provides quick access to Anna Maria Island, Longboat Key, and Siesta Key. Boaters will love the convenience of nearby marinas offering access to the crystal-clear Gulf waters, and frequent travelers will appreciate being just about 30 minutes from Tampa International Airport. This is coastal Florida living at its finest—private, vibrant, and perfectly connected.
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.
