229 Rotonda Blvd E, Rotonda West, FL 33947
3 beds · 3 baths · 2,577 sqft sqft
Discover the pinnacle of Florida living in this beautifully designed coastal retreat, where the timeless charm of Tommy Bahama meets modern luxury. Perfectly located between Sarasota and Fort Myers, this executive residence is a true oasis, featuring a heated saltwater pool and a meticulously paved driveway on an oversized, private lot in the highly sought-after Rotonda West community on the Cape Haze Peninsula. Impeccably maintained and only occupied for six months each year, this home feels like a model showcase, with upgrades including a new HVAC system in 2021, Firelite landscape stone, custom LED pool lighting, elegant plantation and Bahama shutters, a new roof in December 2022, new gutters, an upgraded irrigation system, and fresh paint inside and out in 2021. Step inside to find volume ceilings, crown molding, and an open floor plan that seamlessly blends indoor elegance with outdoor tropical beauty. The chef’s kitchen is a culinary dream, featuring granite countertops, rich cherry-stained wood cabinetry, stainless steel appliances, double built-in convection ovens, and an oversized granite island perfect for entertaining. The primary suite offers a spa-like retreat with a glamorous soaking tub, granite vanities, and a glass block walk-in shower. Expansive sliding pocket doors connect the living spaces to the lanai, enhancing the home's natural flow to the outdoors, where the heated saltwater pool, beckons for year-round relaxation and entertaining. This home is surrounded by golf courses, parks, and scenic walking trails, and just minutes away from the pristine beaches of Boca Grande and Manasota Key, as well as world-class tarpon fishing, boating, marinas, shopping, and dining. This is the epitome of Florida living, paradise awaits!
Source: STELLAR #d6138069
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #d6138069
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: #d6138069
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.