16240 Innerarity Point Rd, Pensacola, FL 32507
4 beds · 3 baths · 2,362 sqft
Welcome to Your Dream Coastal Retreat on Innerarity Island! Nestled in the exclusive gated community of Innerarity Island, this stunning two-story, four-bedroom, two-and-a-half-bathroom home blends luxury, comfort, and coastal living. With extensive renovations, this home is truly one-of-a-kind. A charming front porch spans the width of the house, perfect for relaxing and enjoying the breeze. Inside, a spacious living room features custom cabinetry and a striking 60" linear fireplace framed with quarried stone. Custom wooden shutters throughout the home add charm and privacy. The open-concept kitchen and dining area boasts a butcher block island, Frigidaire Professional appliances, and Rhino White Calcite countertops. The farmhouse sink faces windows opening to the backyard, ensuring you never miss the poolside action. The primary bedroom is on the main floor, offering two walk-in closets and a renovated ensuite bathroom with Carrara Quartz countertops, heated floors, a steam shower, 60" freestanding tub, and heated towel rack. A second main-level bedroom, overlooking the front porch, includes a large walk-in closet, ideal for guests or family. The redesigned laundry room, with handcrafted cabinetry and built-in benches, leads to your outdoor paradise. A 20,000-gallon saltwater pool with a sunbathing ledge and soothing bubblers awaits, while a cascading waterfall from the hot tub adds to the tranquility. The newly installed paver patio and landscaped, fenced yard make it perfect for outdoor entertaining. The home also includes a hardwired electric vehicle charging station. Upstairs, you'll find two additional bedrooms, a versatile office or study, and a bonus room ideal as a playroom or media space. Don’t miss the opportunity to own this meticulously crafted retreat in one of Pensacola’s most desirable island communities.
Source: PENSACOLA #652541
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #652541
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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 “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.
MLS ID: #652541
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.