4822 Foxtail Palm Dr, Gulf Breeze, FL 32563
5 beds · 3 baths · 2,838 sqft
“WOW” is all I can say about this amazing home! Discover coastal living at its finest in this stunning 2-story home nestled in the heart of the Midway area - halfway between Navarre Beach and Pensacola Beach. This exquisite residence offers the perfect blend of modern comfort and classic charm. Notice the corner yard and large front porch with hanging planters and a swing - perfect for relaxing in this quiet neighborhood. As you step inside, you'll be greeted by an open and airy floor plan, bathed in natural light. The spacious greatroom, dining room and kitchen feature soaring ceilings, crown molding and large windows that frame picturesque views of the front porch and fenced backyard with screened porch, salt water pool and basketball goal. The gourmet kitchen is a chef's dream, equipped with top-of-the-line appliances - including gas stove and convection oven, quartz countertops, large pantry with solid shelving and a center island with sink, dishwasher and breakfast bar. On the first floor are the main suite, 3 large bedrooms, office, laundry room and 2 full baths. The main suite is a true oasis, complete with a luxurious en-suite bathroom featuring a soaking tub, separate tile shower, dual vanities with quartz counter and HUGE closet. Upstairs is the bonus or media room, 5th bedroom and 3rd full bath - perfect spot for guests or hanging out. Step outside to your private outdoor oasis, where you can unwind on the screen porch, host unforgettable barbecues, shoot some hoops, or simply soak up the Florida sunshine on your pool deck. This home features natural gas tankless water heater and efficient 3 zone ac. These owners added lots of extras like extra recessed lights, attic floor decking, storage shelves in the garage and soffit outlets for holiday lights. This home offers easy access to world-class beaches, pristine waterways, and a variety of recreational activities like boating, fishing, kayaking, and paddleboarding, or simply relax on the beach.
Source: PENSACOLA #654594
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #654594
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: #654594
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