Waterfront Oasis with Gulf Access & Stunning Sunsets! Welcome to your dream WATERFRONT RETREAT in the highly sought-after South Gulf Cove community! Nestled along a tranquil canal, this elegant home with 3 bedrooms and 3 bathrooms offers Gulf access with just ONE FIXED BRIDGE leading to the Gulf of Mexico. Luxury Living with Thoughtful Details Boasting a SPLIT FLOOR PLAN and exquisite features—including WAINSCOTING, CROWN MOLDING, TRAY, and CATHEDRAL CEILINGS; this home is a masterpiece of style and function. Step inside through grand FRENCH DOORS and be greeted by an open, airy ambiance filled with natural light. The spacious living room is perfect for entertaining, seamlessly flowing into the screened-in lanai through POCKETING IMPACT SLIDING GLASS DOORS. Work from home in the dedicated OFFICE/DEN with elegant tray ceilings, or convert it into a formal dining space with pocket doors. Gourmet Kitchen & Entertainment Haven - The chef’s kitchen is a culinary delight, featuring STAINLESS-STEEL APPLIANCES, GRANITE COUNTERTOPS, TWO PANTRY CLOSETS, and CUSTOM CABINETRY with PULL-OUT SHELVES for optimal storage. A custom glass cabinet with LED lighting is perfect for displaying fine glassware, while the built-in bar with luxurious LEVEL 3 GRANITE adds a touch of elegance. Guests can gather at the BREAKFAST BAR or enjoy meals with a view in the dining area. Movie Nights & Serene Water Views - Unwind in the spacious family room, where a BUILT-IN MOVIE SCREEN & PROJECTOR set the stage for unforgettable movie nights. LED lighting creates the perfect ambiance, while a cozy window seat offers breathtaking canal views—ideal for relaxing with a book. Primary Suite Retreat - The luxurious PRIMARY SUITE offers direct access to the SPARKLING POOL through impact sliders, a spacious WALK-IN CLOSET, and a spa-like EN-SUITE BATHROOM with DUAL SINKS, a SEPARATE LAVATORY, GARDEN TUB, and WALK-IN SHOWER. Each guest bedroom has its own ensuite. Extra Storage & Smart Design - The dedicated laundry room, off the garage entry, has ample cabinetry with slide-outs for convenience. There is also a large counter area for folding and a deep sink for those items needing a little extra soak. The two-car garage includes additional built-in storage for those holiday boxes. Outdoor Paradise & Waterfront Living - Step outside to your screened-in lanai, perfect for poolside relaxation. Take a dip in the sparkling pool while enjoying the soothing sounds of a tranquil WATER FOUNTAIN. A concrete seawall provides 'lot' protection. You have easy access to Charlotte Harbor and the Gulf, making every day an opportunity for a new coastal adventure. Prime Location in South Gulf Cove - The desirable community has so many wonderful features, it is an optional HOA, and the benefits to this community are 10-foot sidewalks, golf cart friendly, a farmers market nearby, a community clubhouse, 8 parks, and a community boat ramp. This home is conveniently located near Boca Grande, Englewood, and Manasota Beaches. For even more fun and adventures, you are near several marinas, multiple golf courses, baseball stadiums, and places to kayak, fish, and do some biking. You are close to multiple airports, and all the accommodations we are accustomed to. Don’t miss this rare opportunity to own a slice of paradise! Schedule your private showing today!
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.
