715 Ariola Dr, Gulf Breeze, FL 32561
7 beds · 4 baths · 4,436 sqft
Experience luxury living next to the Gulf of Mexico in this meticulously renovated home on Pensacola Beach. Enjoy modern elegance, Gulf and Sound views and a private pool. From soaring ceilings to bronze trimmed windows & panoramic sliding doors, Brazilian IPE hardwood decking & updated railing, the attention to detail is evident at every turn. Step inside this tastefully appointed Luxury Home featuring 2-full kitchens, 7 bedrooms, 4-full baths & expansive outdoor living spaces. Revel in breathtaking water views, a privacy fence, and a sprawling yard exceeding 1/3 acre. The property includes a beautiful pool & an upper-level lookout deck, providing an ideal spot to relax while soaking in the panoramic views of sugar white sands & emerald waters. This home is currently a beach rental and sleeps 31+. Just steps from the beach, you have the best of both worlds to enjoy the beach breezes and sunshine or to walk back to the home to cool off in the private pool or amenities. The home features two distinct living spaces. The main level encompasses 3 bedrooms, full bath, an eat-in kitchen, formal dining, spacious living room w/entertaining spaces with access to expansive decks. The upper level is the primary bedroom with ensuite w/separate jet tub & walk-in shower. This level also grants access to the lookout deck. The lower level serves as another living space, featuring an eat-in kitchen, dining area, living room, 3 sizable bedrooms, 2-full baths, and access to the back patio and pool area. The property offers 2 separate garage spaces, providing ample covered parking & storage. Numerous updates contribute to the home's allure, including a new roof, HVAC systems, windows, doors, stucco, decks, railing, cabinets, garage doors, pool liner, lighting, furnishings; too much to list. With the finishing touches finished, this home is entirely renovated & eagerly awaits its new owner. Over $310,000 rental 2024 rental income so far this year.
Source: PENSACOLA #644623
Interest rate and monthly payment estimated based on public records.
Source: PENSACOLA #644623
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: #644623
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.