221 174th Ave E, Redington Shores, FL 33708
3 beds · 2 baths · 1,519 sqft
Get a free consultation call with an expert in the mortgage assumption process.
NON-SUBSTANTIALLY DAMAGED – UNDER 49%. A RARE FIND! REMEDIATION COMPLETE. Located on short dead-end street just a 5-minute stroll to the sugary sands of Redington Shores, this Mid-Century home is ready for its next chapter. Whether restoring this charming single-story beach retreat or building up to capture sweeping water views, the possibilities are wide open. This solid block 3-bedroom, 2-bath home offers a rare opportunity to rebuild as-is and preserve its Mid-Century aesthetic—or design a stunning elevated coastal residence. Repairs have started with notable updates and items including a new 50-gallon water heater, new raised plumbing in the garage laundry area, updated electric, and a new hurricane garage door – all fully permitted as required. The roof is 2015 and professionally inspected and in good condition. Enjoy an enclosed Florida room plus a sunroom, stunning terrazzo floors, soaring vaulted ceilings throughout, and space to bring your vision to life. Removing a few front bushes reveals a peek-a-boo view of the Intracoastal from the yard and living room. And if you build up? See the listing photos to preview the potential water views from both front and rear, facing beautiful Boca Ciega Bay and beyond. Imagine sunrise views from a second—or even third—story. The primary bedroom has an ensuite bath and its own private lanai. The garage includes attic access with pull-down stairs and ample storage. Front-and-back irrigation with reclaimed water is in place, and the backyard backs up to a peaceful walking trail lined with mature trees—ideal for a future pool or private garden. You're also just a short walk to some of Redington Shores' most beloved local gems—Gypsy Souls Coffee, Backwaters Grill & Tavern, Pajanos Pizza and other beachside favorites—making this the perfect spot for a full-time residence, seasonal escape, or long-term rental (over 181 days). BY APPOINTMENT ONLY with your REALTOR. Please do not walk the property without a confirmed showing. Cash buyers only. No wholesalers, assignable contracts, or subject-to offers will be considered. Don't miss this opportunity to create your dream beachside home in one of Florida's most charming coastal communities. Those who know the area quietly cherish this stretch of beach—it’s still under the radar for most visitors. If you make it yours, you’ll understand why we keep it our little secret… Sssshhhh!
Source: STELLAR #TB8373658
Source: STELLAR #TB8373658
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 and Equal Opportunity Act.