122 Waterberry Dr Tarpon Springs, FL 34688
Your savings
About this home
One or more photo(s) has been virtually staged. Enjoy breathtaking views of Lake Tarpon from this large custom home, perfectly positioned on one of the most elevated lots in the area. This stunning 4 bedroom + den, 4 bathroom, 4,200sqft home sits directly behind a protected gopher tortoise reserve, ensuring that nothing will ever be built behind you — your serene water views are forever preserved. Nestled in Waterberry, an intimate, highly sought-after community of only 14 homes on Lake Tarpon, this is one of only a handful of homes that have ever come to market, with only one sale in the past two years. Homes here rarely change hands, making this a rare opportunity to own in one of Tarpon Springs’ most exclusive neighborhoods. Built on a massive hill, high above the floodplain and well beyond Flood Zone X, this home is completely high and dry — it sustained absolutely no storm damage and requires no flood insurance. Inside, you find plenty of space for the entire family with all four bedrooms featuring ensuite bathrooms! On the main level, you’ll immediately notice the stunning hardwood floors, open-concept layout, high coffered ceilings and water views from nearly every room. The primary suite and main level showcase real hardwood floors, tray ceilings, and elegant finishes throughout. The living room features a beautiful fireplace, crown moldings, and fantastic views of Lake Tarpon. Just off the living room is the kitchen, complete with wood cabinetry, granite countertops, newer stainless steel KitchenAid appliances, and a spacious eat-in area perfect for breakfast. The formal dining room off the kitchen is ideal for larger gatherings and celebrations. On the opposite side of the living room, French doors open to a versatile den, perfect for a home office with its own private balcony. The lower level (or basement) has been fully permitted and thoughtfully finished to include over 1,300sqft of living space, including a private 4th bedroom or in-law suite, a game room, plus plumbing for a wet bar or kitchen — ideal for guests, multi-generational living, or entertaining. You’ll also find a dedicated wine cellar for your collection. Relax in style on your large covered porch overlooking the pool and lake. Step outside to your private paradise and enjoy a resort-style saltwater pool with water features, firepit, and a raised patio perfect for nighttime entertaining — all while taking in tranquil water views of Lake Tarpon from the pool deck. The 0.28-acre (12,589 sq ft) lot offers generous outdoor space and an oversized 4-car garage with plenty of room for a boat or extra storage. Recent upgrades provide complete peace of mind and modern comfort, including a new roof (2022), a new central HVAC system (2022), with a new mini-split for the lower level added in 2023, and remodeled primary bathroom and remodeled guest bathrooms (2023). This home features a new hot-water heater (2022), electronic and manual roller shades throughout (2022), and a newer Maytag washer and dryer (2020). A propane tank added in 2021 provides convenient gas service with easy, once-a-year fill-ups. Aggressively priced below comparable homes, this Lake Tarpon gem combines serenity, luxury updates, and unmatched elevation — all with no flood insurance required, low HOA costs, and no CDD fees.
Source: STELLAR #TB8439934
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.