1159 Pinehurst Rd, Dunedin, FL 34698
- beds · - baths · 1,888 sqft
Under contract-accepting backup offers. Nestled in the heart of Dunedin, FL, This exceptional duplex presents a rare and lucrative opportunity with its highly coveted SHORT-TERM RENTAL ZONING, making it perfect for Airbnb or vacation rentals—something few properties in the area can offer. Each unit features two spacious bedrooms- with a bonus space/office off the primary bedroom, one stylish bathroom, and an attached garage, making it the perfect setup for full-time residents or vacation guests. The kitchens have been tastefully updated with sleek stone countertops, providing a stylish and functional space for cooking and entertaining. Both units also include FULLY FENCED BACKYARDS, creating private outdoor retreats ideal for relaxing, grilling, or enjoying the Florida sunshine. Situated just ONE MILE FROM DOWNTOWN Dunedin, guests and residents alike can enjoy boutique shopping, fantastic dining, and the picturesque waterfront with ease. The GOLF CART-FRIENDLY COMMUNITY allows residents and guests to effortlessly cruise downtown or catch a Toronto Blue Jays spring training game without ever needing a car. Located in a NON-EVACUATION and NON-FLOOD ZONE, this duplex provides peace of mind with year-round safety and worry-free ownership, a significant advantage in Florida’s coastal communities. Whether you're looking to invest in a high-performing short-term rental property or secure a long-term income stream, this duplex is a rare find in an unbeatable location. With few areas in Dunedin zoned for SHORT-TERM RENTALS, this property stands out as a true investment gem with incredible income potential. The vibrant local culture, proximity to the Gulf, and strong rental demand make this an opportunity you don’t want to miss. Whether you're an investor or someone looking for the perfect blend of personal use and rental income, this property delivers on all fronts. Don’t miss out on securing a piece of paradise in one of Florida’s most charming and vibrant communities. Please be respectful of the current tenants’ privacy and schedule a showing in advance. Come see why this duplex is a standout choice for anyone looking to experience the very best of Dunedin living!
Source: STELLAR #TB8365779
Source: STELLAR #TB8365779
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What 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 “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.
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 620, 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.