1746 Sandy Cir, Cape Coral, FL 33904
3 beds · 2 baths · 2,958 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to boater's paradise in the prestigious Yacht Club community, offering the perfect blend of luxury, relaxation, and boating convenience. This south-facing pool home with a spa is situated on the highly sought-after tip of Bikini Canal where it joins the Caloosahatchee river, providing unparalleled river views and ultimate wind protection for your boat. No more worrying about parking your boat on a windy day with this off river dock but yet still have the amazing river views. Which makes this lot so valuable to those that understand. Please note that the neighboring property to the North on the river is also for sale MLS#225030558 to build a mega home here which is a very RARE opportunity that local boaters know about. With 144 feet of pristine sea wall and a 27,000-pound lift, this property is a true boater’s haven. The location is second to none—perfect for those who crave a waterfront lifestyle and panoramic views of the water. Looking to expand or build your dream home? The owner has consulted with a builder about the possibility of creating a two-story masterpiece with a four-car garage (open underneath) and a spacious 3,900 sq. ft. floor plan, complete with an observation deck to take in breathtaking views. This extraordinary lot is not just a place to live, it’s a lifestyle. Enjoy easy access to the Cape Coral Yacht Club, the entertainment district, and waterfront dining. It’s just a short walk to local restaurants, bars, and two miles from Cape Corals only beach. For those who love fireworks, this is the ideal vantage point for watching the spectacular displays. Located near the foot of the Cape Coral Bridge, you’ll have quick access to all the beautiful beaches of Southwest Florida. The home across the street is also available for sale separately by same seller, making it a perfect option for creating in-law quarters. Experience panoramic sunrises and sunsets that light up the sky and turn the bridge into a stunning shade of orange. You’ll also enjoy frequent visits from manatees, dolphins, and other wildlife in the area. The current floor plan includes room for a fourth bedroom and a half bath, offering even more flexibility. This one-of-a-kind home and location is ready to be your personal oasis. Don't miss out on the chance to own a piece of paradise in the heart of Cape Coral! Seller licensed Real Estate agent in Florida.
Source: FORTMYERS #225015665
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: FORTMYERS #225015665
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.
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.
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.
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.
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.
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.
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.