5116 Beach Dr SE Apt D # D, Saint Petersburg, FL 33705
2 beds · 1 baths · 825 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Experience the ultimate waterfront lifestyle in this beautifully maintained 2-bedroom, 1-bathroom condo located in the resort-style Waterside at Coquina Key community. Nestled on the exclusive Island of Coquina Key, this sought-after property offers a tranquil retreat while being just minutes from vibrant downtown St. Petersburg and a short drive to the world-renowned Gulf Coast beaches. Perched on the second floor, this unit provides peace of mind during stormy weather, with no reported damage from recent storms, offering an added sense of security. Step inside and discover an open-concept living space filled with natural light. Sleek tile flooring extends throughout, while the recently remodeled kitchen boasts ample cabinetry, elegant countertops, and a stylish backsplash. The spacious bedrooms accommodate king-sized beds and feature abundant closet space, ensuring both comfort and practicality. A private balcony overlooking a serene canal offers the perfect outdoor haven, where you can relax, take in the coastal breeze, and enjoy the sights of playful manatees and dolphins. In the evenings, marvel at the illuminated Skyway Bridge as it lights up the gently flowing waters, creating a picturesque backdrop. Waterside at Coquina Key offers world-class, resort-style amenities, including two pools, a hot tub, tennis and pickleball courts, volleyball, basketball, a putting green, and even a dog park. The exclusive yacht club, situated on Tampa Bay, features a lap pool, spa, pier, and breathtaking sunset views. Paddleboard and kayak storage, bike racks, a fitness center, and social spaces such as a billiards room and barbecue area make this community a paradise for active and social lifestyles. The HOA includes 24-hour guarded security, cable TV, exterior insurance, pest control, grounds maintenance, pool maintenance, trash, water, recreational facilities, escrow reserves, and repairs—adding exceptional value and peace of mind. This property also comes with the rare and highly desirable deeded dry dock storage space, perfect for boats or trailers. These spots are in high demand, making this a standout opportunity for boating enthusiasts. Residents also have the option to rent or purchase boat docks when available, providing seamless access to Tampa Bay’s waterways. Whether you’re looking for a full-time home, a vacation getaway, or an investment property, this condo offers incredible versatility, including short-term rental options (three times a year for stays under 30 days or unlimited for longer rentals). Don’t miss your chance to own this tropical retreat on the exclusive Island of Coquina Key. Schedule your private showing today and start living the waterfront lifestyle of your dreams!
Source: STELLAR #TB8337668
Source: STELLAR #TB8337668
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.