4470 Kingston Dr, Hernando Beach, FL 34607
2 beds · 2 baths · 946 sqft
Investor Special - Direct Gulf Access Home! This 2-bedroom, 1.5-bathroom home presents an exceptional investment opportunity along Florida’s coveted Gulf Coast. Damaged during Hurricane Helene flooding, this property is a blank canvas waiting for your vision. Whether you choose to renovate, elevate, or start fresh with new construction, the possibilities are endless! Situated on 60 feet of saltwater canal frontage with no fixed bridges, this property offers effortless access to the Gulf of Mexico. A fixed and floating dock are already in place, including an oversized floating dock designed to accommodate a sailboat. Enjoy daily encounters with dolphins and manatees, or fish from your backyard for redfish, snook, and snapper. Offered As-Is, Where-Is, and How-Is. The seller retains rights to any insurance or other payments related to prior damage. Note: The county has classified this home as having significant damage under the 50/50 rule. Buyers are responsible for verifying all details and completing necessary due diligence and inspections. Hernando Beach - Direct Access: Boater’s Paradise with No HOA This highly sought-after section of Hernando Beach provides direct access to the Gulf of Mexico without any fixed bridges to obstruct your journey. The tidal saltwater canals rise and fall with each cycle, enhancing your boating experience. With no HOA, you have the freedom to park boats, trailers, and commercial vehicles on your property. Build an 8-foot privacy fence or capitalize on the area’s popularity for short-term rental income. This section of Hernando Beach is a boater’s dream and a top choice for those seeking lucrative rental opportunities. Welcome to Hernando Beach – A Gulf Coast Hidden Gem Nestled along the Gulf of Mexico, Hernando Beach offers a unique blend of serenity and coastal living. Accessible via a coastal two-lane highway from the North and South, this quiet community is cherished for its recreational fishing and boating lifestyle. While there’s no traditional sandy beach, the area more than compensates with its cool coastal vibe, complete with waterfront tiki bars, marinas, fine dining, seafood markets, and charming shops. Hernando Beach boasts a vibrant commercial seafood industry centered on shrimping and stone crabbing. Anglers can enjoy world-class fishing amid unspoiled marsh and mangrove coastlines, with opportunities to catch redfish, tarpon, snook, grouper, sea trout, kingfish, and more. Offshore trips to the “middle grounds” provide even more excitement with red snapper and grouper fishing. Just 5 minutes away, the crystal-clear Weeki Wachee spring and river offer a refreshing retreat with 74-degree fresh spring water, perfect for swimming, paddleboarding, and kayaking. Despite its tranquil setting, Hernando Beach is conveniently located less than 10 minutes from US 19, providing easy access to shopping, dining, hospitals, and other essential services. Plus, you’re just an hour away from Tampa International Airport and only 90 minutes from the magic of Disney. Embrace the unparalleled Gulf Coast Fishing Homes Lifestyle in Hernando Beach, where the beauty of coastal living and the convenience of urban amenities exist in perfect harmony. Don’t miss this chance to create something extraordinary in a place where isolation feels like luxury and every sunset paints a masterpiece.
Source: STELLAR #W7873835
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #W7873835
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.