21 Crescent Pl S, Saint Petersburg, FL 33711
3 beds · 2 baths · 2,000 sqft
Set along the picturesque waters of Boca Ciega Bay is the coveted community of Marina Bay - a 60-acre tropical oasis nestled among Bayview Isles, Eckerd College, and Tierra Verde - where you will discover the artistic masterpiece of coastal living that is 21 Crescent Place. This 2,000-square-foot, 3-bedroom, 2-bath residence offers a serene water view of the bay with a private marina just steps away. The property is designed with exceptional flow, abundant light, and a seamless blend of indoor and outdoor spaces. This elevated, one-level home, complete with a private elevator and a whole-house natural gas 22kW GENERAC generator, offers luxurious seaside living with absolute peace of mind. Step inside to admire beautifully restored white oak floors and the exquisitely remodeled (2024) open-concept interior, where natural light and picturesque water views fill the space. Custom features, luxury finishes, and exceptional details abound, including bespoke lighting throughout, oversized windows, crown molding, and a modern staircase with stainless steel balusters. The heart of the home is the newly designed gourmet kitchen, equipped with smart-enabled appliances, a gas cooktop, custom cabinetry, an electronics drawer, quartz countertops, and a breathtaking waterfall island, making it a culinary enthusiast's paradise. Retreat to the owners' suite, a private sanctuary featuring built-in custom storage and a spa-like en-suite bath with a double vanity, a spacious tiled walk-in shower, and modern jetted soaking tub. Two additional bedrooms and a fully remodeled bath with a walk-in shower offer ample space for guests or family. All living spaces are on one level, served by a private elevator with access to the expansive 2,000-square-foot, 4-car garage — perfect for vehicles, recreational equipment, a workshop, gym, or game room. The garage, complete with sink, is presently outfitted with a vintage darkroom, showcasing not only the versatility of the space but the owners’ artistic flair. Additional upgrades to the property include impact windows, a new tile roof (2021), a tankless hot water heater, mini-split in garage and whole house HVAC (2024). In addition to the lush tropical trees and plants surrounding the property, the landscaping and numerous lakes throughout Marina Bay enhance the beauty of this home. Watch osprey, herons, egrets, ibis, and ducks, along with pelicans diving for fish and dolphins and manatees playing in Boca Ciega Bay beside the community’s deep-water marina. Additional amenities include two pools (one with geothermal heat for year-round swimming), two spas, a fitness center, a community clubhouse, and a fishing pier adjacent to the docks. Marina Bay is a pet-friendly community, just 10 minutes from downtown St. Pete, 25 minutes from Tampa airport, and a short bike ride along the protected bike paths of Pinellas Trail to Pass-a-Grille and St. Pete Beach. Deep-water boat slips are available for purchase.
Source: STELLAR #TB8335498
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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
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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 #TB8335498
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.
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