16695 Broadwater Ave, Winter Garden, FL 34787
5 beds · 6 baths · 5,219 sqft
Welcome home, this stunning lakefront residence nestled in the heart of Winter Garden awaits! Built in 2016, this luxurious pool home offers an impressive 5,219 square feet of living space on a generous 0.45-acre lot of true lakefront on Johns Lake and owned solar panels greatly reducing the monthly electric bill. Step inside to discover a beautifully designed interior featuring 5 spacious bedrooms and 5.5 elegant bathrooms, multiple living spaces, and a private office conveniently located outside of the primary suite. The flowing floor plan seamlessly connects the living areas, creating an inviting atmosphere perfect for both entertaining and everyday living. At the same time, the gourmet kitchen is a chef’s dream, equipped with Bosch appliances, an incredible amount of countertop and cabinet space, a large island overlooking the family room, and details down to the outlets conveniently placed underneath the upper cabinets. The primary suite is a true retreat, boasting a spa-like bathroom with a soaking tub, dual vanities, a walk-in shower, and a huge walk-in closet. Upstairs, a spacious loft adorned with recessed lighting, vaulted ceilings, and a wet bar greets you at the top of the stairs leading to the remaining bedrooms including a secondary primary suite. Outside, the backyard provides a private oasis with a large, covered lanai, a fully equipped summer kitchen (Cal Flame grill + vented range + cabinets + granite counters + sink), a sandblasted marble patio & pool deck with custom screen enclosure, lush landscaping, an outdoor shower, and plenty of room for outdoor activities including a built-in trampoline on the pool deck and custom lighting. Whether you are hosting a summer barbecue or enjoying a quiet evening under the stars, this space is perfect for creating lasting memories. Recent upgrades include the roof (cleaned & sealed 2024), Fresh Exterior Paint (2023 - high-end rain refresh Sherwin Williams paint), Bosch wall oven and dishwasher (2024), Upgraded hardware throughout (2024), Bath 2 - secondary primary - complete renovation (2024), Bed 4 - crown molding added (2024), upgrade all commodes (2024), and a new shed in the fenced backyard (2024). Located in a lovely neighborhood, this home is less than 10 minutes from top-rated schools, primary services, shopping, dining, entertainment, and outdoor recreation activities. With its prime location and luxurious features, 16695 Broadwater Avenue is the perfect place to call home and experience the best of Winter Garden living!
Source: STELLAR #o6241344
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6241344
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: #o6241344
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.