1736 Emerald Cove Cir, Cape Coral, FL 33991
2 beds · 2 baths · sqft
This property come with approximately 300k assumable VA mortgage with only a 2.37% interest rate. "Paradise Found" This one-of-a-kind waterfront home in the prestigious Emerald Cove community is truly move-in ready and situated in a **NO FLOOD ZONE**! Located on Weatherly Lake, part of the largest freshwater canal system in Cape Coral, this home offers unparalleled water views and direct access to seven pristine lakes. With over $100,000 in recent upgrades, this 2-bedroom + den, 2-bathroom residence exudes luxury and style from the moment you step inside. The heart of the home is a newly remodeled kitchen that will impress any chef. It features an abundance of high-end cabinetry with crown molding, quartz countertops, a large center island with seating, and top-of-the-line stainless steel appliances. The open-concept design flows seamlessly into the living and dining areas, providing breathtaking water views through large, picturesque windows. The master suite is a true sanctuary, offering plenty of space for a sitting area, and a lavish en-suite bathroom with double vanities, a separate makeup vanity, a walk-in shower with a frameless glass enclosure, and quartz countertops. Wait until you see the master bedroom walk-in closet!!! Step outside to an expansive lanai with a full view screen, perfect for enjoying the stunning waterfront backdrop. The lanai is equipped with a hot tub, creating an ideal setting for relaxation and entertainment. The backyard features a seawall with a separate dock, maintenance-free vinyl decking, electric and lighting at the dock, and an automatic sprinkler system for the entire yard. The home includes an oversized two-car garage and a brand new AC unit with UV lighting installed in 2024, ensuring optimal air quality and comfort year-round. Metal roof installed in 2012. With low monthly HOA fees that include cable and internet, Emerald Cove offers an array of amenities including a community pool, a private beach, a playground, a gazebo, and underground utilities. The community is family-friendly and hosts Cape Coral Bass Club tournaments right in your backyard, making it a fisherman’s dream. Best of all, the home sustained zero damage from Hurricane Ian, ensuring peace of mind for new owners. Conveniently located near top-rated schools, shopping, dining, and entertainment, and just a short drive from Fort Myers and the Gulf Coast beaches, this home offers the ultimate in Florida living. Don’t miss your chance to own this exceptional property at 1736 Emerald Cove Cir. Schedule your private tour today and experience the unmatched beauty and lifestyle of this waterfront gem.
Source: FORTMYERS #224054250
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224054250
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: #224054250
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