18033 Rose St Groveland, FL 34736
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About this home
Price Reduced! Stunning Lakefront Retreat with Pool, Hot Tub & Guest Apartment Here’s your opportunity to own a truly breathtaking lakeside retreat on the shores of Lake Emma in Groveland, Florida. This beautifully maintained 4-bedroom, 3.5-bathroom estate combines natural beauty, privacy, and thoughtful design to create a one-of-a-kind living experience. The sellers, who poured their hearts into creating this paradise, are eager to see it enjoyed by someone who will love it just as much — and due to a quicker-than-expected relocation, the price has been reduced for a fast sale. The main home features a spacious and well-designed split floor plan with 3 bedrooms and 2.5 bathrooms. From the formal living and dining rooms to the expansive family room with its impressive wood-burning fireplace, every space offers comfort and elegance. The gourmet kitchen is a true centerpiece, boasting 42-inch real oak cabinetry and generous space for cooking and gathering. Throughout the home, you’ll find Australian cypress wood flooring, ceramic tile, custom built-ins, amazing surround sound music system inside and out, and quality finishes that reflect pride of ownership. Above the garage sits a 508-square-foot in-law or guest apartment with its own private entrance. Complete with a full kitchen, bathroom, bedroom, and laundry room, it’s the perfect space for extended family, long-term guests, or even potential rental income. Step out onto the apartment's private balcony for stunning sunset views over the lake — it’s a quiet retreat with unbeatable scenery. Outdoors, the property truly shines. The fully fenced yard is secured with an automatic gate and stately brick pillars, offering both security and seclusion. Mature oak trees and meticulously landscaped gardens create a peaceful, park-like atmosphere. Whether you're lounging in the pool, soaking in the hot tub, or entertaining guests in the tiki-lit lakeside area, every corner of this estate is designed to maximize relaxation and enjoyment. For water lovers, Lake Emma delivers. With a floating dock equipped with power, double jet ski lifts, and an electric boat lift, you’re always just moments away from an adventure. Lake Emma is part of the Groveland Chain of Lakes, connecting you to Lake Lucy and beyond — perfect for weekend boating trips or sunset cruises. Wind down your evenings by the fire pit, roasting marshmallows and taking in the stillness of lakefront living. With an oversized four-car garage, a separate storage shed, and ample space for hobbies or a workshop, this property offers both function and flexibility. It's more than a home — it's a lifestyle. Don’t miss the chance to own this exceptional lakefront estate. Schedule your private showing today and experience the serenity, charm, and beauty that make this property so special.
Source: STELLAR #G5091028
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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.
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