1099 Cimarron Dr, Punta Gorda, FL 33950
3 beds · 2 baths · 2,029 sqft
This exceptional, hurricane-proofed waterfront home in Punta Gorda Isles offers the ultimate blend of modern luxury and practical design. Located on the sought-after Charlotte Harbor, this stunning property is perfect for those dreaming of waterfront living or seeking an Airbnb-ready investment. With direct access to the water and just minutes away from the harbor, it’s a true boater’s paradise, while the screened-in saltwater pool provides an idyllic spot for sunset views and relaxation. Built in 2019, this home offers 3 spacious bedrooms, each featuring custom walk-in closets, and 2 beautifully updated bathrooms with high-end finishes. Boasting 2,029 sqft of meticulously designed living space, the open floor plan seamlessly connects the indoors to the outdoors through pocket sliders that open into the expansive lanai area. The master suite is a true retreat, designed like a luxury resort with a large spa shower, soaking tub, and elegant details throughout. The owners have spared no expense in recent upgrades, ensuring a healthy, elevated waterfront lifestyle. Within the past 6-12 months, the home has been thoughtfully enhanced with new carpet throughout (the owners are shoe-free!), a state-of-the-art water purification system, and a UV air filtration system for optimal air quality. The back lanai features high-grade Cat 5 hurricane-rated screening, and the front screened-in patio also enhances outdoor living. Other updates include new appliances, a saltwater softener system, a saltwater pool system with a heater that reaches up to 105°F for year-round enjoyment, and a recently installed central AC system, including a cooling unit in the 3-car garage to keep the home gym comfortable during summer months. The home also includes a fully outfitted home gym in the garage, valued at over $45K, featuring premium Rogue and Peloton equipment. The entire property has been thoughtfully remodeled with custom lighting, door hardware, faucets, and fixtures—every detail considered for style and function. The home’s modern, elevated design is one of the few in the area and stands out for its resilience to storm damage, thanks to its elevated build, stem walls in the canal, and hurricane-rated windows, doors, and pool screens. You have the option to purchase this home fully furnished, with carefully curated luxury pieces from top boutiques like Anthropologie, Pottery Barn, Sleep Number, and Modern Living. Every piece was custom-measured and installed to complement the home’s sophisticated design. With its impeccable craftsmanship, unbeatable location, and luxury finishes, this home is truly one-of-a-kind. Whether you're looking for a permanent Florida retreat or a high-end investment property, this home offers it all. Schedule a private showing today to experience the ultimate in waterfront living!
Source: STELLAR #C7503920
Source: STELLAR #C7503920
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.