1751 Beach Rd # 8-403, Englewood, FL 34223
2 beds · 2 baths · 1,070 sqft
Bayfront Views from Every Window in This Exquisite Fully Furnished Penthouse Wake up to breathtaking bayfront views from every window in this stunning fourth-floor penthouse, with glimpses of the Gulf of Mexico adding to its allure. Located on beautiful Manasota Key, this condo offers some of the most spectacular vistas in the area. Completely renovated in 2023, the penthouse underwent a full transformation, including new drywall, paint, plumbing, electrical systems, flooring, fixtures, cabinets, appliances, Bahama shutters, and modern furniture. No detail was overlooked, with approximately $150,000 invested to create an elegant and contemporary living space. Situated just a short walk—or a quick golf cart ride—from public Englewood Beach, the location offers unparalleled access to coastal living. Boat docks, located conveniently across the street, are available for rent or purchase (subject to availability). Condo Features and Amenities: Stunning Views: Bayfront panoramas from every room, plus partial Gulf of Mexico views. Elevator Access: Effortlessly reach your penthouse floor. Covered Garage Parking: Assigned under-building space for secure parking. Ample Storage: Dedicated spaces for bicycles, kayaks, paddleboards, and beach or fishing supplies. Guest Parking: Easily accommodate visiting friends and family. Outdoor Spaces: Enjoy a gas grill area and a small dock perfect for fishing. Two Waterfront Pools: Both heated and cooled, offering year-round relaxation. Community Clubhouse: Includes barbecue grills and picnic areas for entertaining. Kayak Launch: Ideal for water enthusiasts to explore the area. Laundry Facilities: Conveniently located on each floor. Additional Conveniences: Cable TV, water, sewer, pest control, and maintenance of the grounds and building exterior are all included. This exquisite penthouse offers the perfect blend of luxury and coastal charm, complete with a vibrant community and access to the best of Manasota Key. Whether you’re relaxing poolside, launching your kayak, or enjoying the view from your window, this is coastal living at its finest.
Source: STELLAR #D6140012
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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
Source: STELLAR #D6140012
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.