661 Black Eagle Dr, Groveland, FL 34736
5 beds · 3 baths · 4,000 sqft
Hidden Gem & Best Kept Secret Community In Lake County, Florida BACKYARD SAFARI Meets PRIVATE OASIS: Imagine waking up, coffee in hand, stepping onto your backyard patio as the morning mist rises over your own private slice of nature. Birds sing, deer gracefully meander by, and the lake shimmers like a scene from a Nicholas Sparks novel—except you are the lead character, not some fictional character. Dock-Ready for Your Waterfront Dreams Want to launch a kayak? Park your boat? Sip wine while watching the sunset reflect off the lake like a Bob Ross masterpiece? Go for it! Unlike those cookie-cutter neighborhoods where “waterfront” means a puddle after rain, this lot is ready for a dock—your own private dock. That’s right. Privacy Fit For A Celeb: No noisy neighbors peeking over your fence. Just peace, quiet, and enough space to do whatever your heart desires. You want to garden? Cool. Start a fire pit? Do it. Dance like nobody’s watching? They literally won’t be—because you’ve got privacy. Homes like this—private, waterfront, dockable—are rare. Buyers are drooling over opportunities like this. Priced To Sell: A steal compared to what you’re getting. Not just a home—an experience. A lifestyle. A sanctuary that makes every dollar you spend feel like an investment in happiness. The backyard is one of the key highlights, offering a peaceful setting with open views of the water and local wildlife. With no direct rear neighbors, the property provides a quiet retreat while still being close to essential amenities. The ability to add a private dock enhances the value, allowing for boating, fishing, or simply enjoying the waterfront at your leisure. The home’s interior is designed for comfortable living, with spacious rooms and natural light throughout. The layout offers flexibility for various lifestyles, whether working from home, entertaining, or simply enjoying the surroundings. Turn-Key Convenience This home is completely move-in ready, fully furnished with tasteful, high-quality pieces that complement the space. Whether you are looking for a primary residence, vacation home, or investment opportunity, this property eliminates the hassle of furnishing and allows for a seamless transition. You must inquire for full details of what is included. Eagle Pointe offers a range of amenities designed to enhance the living experience of its residents. The community features a well-maintained swimming pool, accessible from sunrise to sunset, providing a refreshing retreat & relaxation. Properties with this combination of privacy, waterfront access, and dock potential do not come on the market often. For those looking to secure a well-positioned home with future potential, this is an excellent opportunity. TRADITIONAL DESCRIPTION: Beautiful & Spacious 2-Story Home on a Corner Lot Welcome to this stunning two-story home nestled in a peaceful and sought-after neighborhood in Groveland, Florida. Situated on a large corner lot, this property offers ample space, privacy, and natural beauty. The expansive yard is adorned with fruit and vegetable trees, creating a serene and lush environment. A standout feature of this home is its private dock, providing direct water access and a perfect spot to unwind, fish, or enjoy the scenic views. With its spacious layout, abundant outdoor space, and tranquil surroundings, this home is a true retreat for those who appreciate both comfort and nature.
Source: STELLAR #L4951446
Financials
Source: Public records
Source: STELLAR #L4951446
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.