481 Sweet Bay Ave, New Smyrna Beach, FL 32168
3 beds · 3 baths · 2,401 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Under contract-accepting backup offers. Elegant Custom Home with Luxurious Pool! Welcome to an exquisite blend of timeless sophistication and modern comfort in the prestigious, gated Sugar Mill Golf & Country Club community of New Smyrna Beach. Ideally located just minutes from the beach and I-95, this custom-built three-bedroom, two-and-a-half-bath residence with a private office offers refined living in a secure and beautifully maintained neighborhood. Built in 2015 by Orlando Construction, the home showcases impressive architectural features, including a covered front porch with stone accents, eight-foot solid wood doors throughout, and elegant 21”x21” porcelain tile flooring in the main living areas. The living room boasts 12-foot ceilings, a tray ceiling with rich wood beams, a gas fireplace framed in stone, and custom built-ins. Expansive triple sliding pocket doors open to the covered lanai, creating a seamless indoor-outdoor flow. The heart of the home is the gourmet kitchen, featuring custom cabinetry, granite countertops, stainless steel appliances, a gas range, and walk-in pantry. Glass-accented upper cabinets and a cozy breakfast nook add to the charm and functionality. Adjacent formal dining and living spaces provide a perfect setting for entertaining. Step outside to your private retreat—a stunning 18,000-gallon saltwater pool with glass tile accents and spa, heated by a tankless natural gas system. Cool-to-the-touch travertine patio stone ensures comfort, while two built-in planters with mature foxtail palms enhance the tropical ambiance. The lanai, tiled to match the interior, includes a custom summer kitchen with Blaze stainless steel gas grill, granite counters, refrigerator, vent hood, and a 55-inch wall-mounted LED TV. A motorized retractable “No-See-Um” screen allows for uninterrupted outdoor living. The luxurious primary suite offers a spacious sitting area and two walk-in closets. The en-suite bath includes dual granite vanities, a soaking tub, and separate walk-in shower with designer porcelain tile. Two additional bedrooms are well-appointed, with a nearby hall bath and powder room. Additional features include a brand-new HVAC system (2024), whole-house 22kW Generac generator with automatic switch-over, Pelican water filtration system, and natural gas appliances. Plantation shutters, custom drapery, an epoxy-coated garage floor, coach lighting, pull-down attic access, and smart-home Alexa-compatible lighting throughout add comfort and efficiency. The fully landscaped yard, with Sylvester palms and app-controlled irrigation, is beautifully maintained. Located within the exclusive Sugar Mill community, residents enjoy optional membership access to 27 holes of championship golf, tennis, pickleball, fine dining, and a vibrant social calendar. All furnishings are negotiable, offering a turnkey opportunity to move in with ease. Visit www.sugarmillcc.com for more community information. Schedule your private tour today and experience the unmatched elegance and lifestyle of this extraordinary home.
Source: STELLAR #NS1084485
Source: STELLAR #NS1084485
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.