263 87th Ave N Saint Petersburg, FL 33702
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About this home
Welcome to waterfront perfection in the best neighborhood in the world. This home truly checks all the boxes—so take a deep breath, enjoy the read, and when you're ready, schedule your private tour and experience it for yourself. The “wow” begins the moment you walk through the front door—your eyes lock on the water and it’s almost impossible not to keep walking straight to the backyard. Set on an expansive lot of over 11,000 square feet—larger than most in the neighborhood—this stunning mid-century modern home blends timeless design with thoughtful, high-end updates. Inside, you’ll find three spacious bedrooms, two bathrooms, and a flexible bonus space ideal for a home office or guest room. A generously sized one-car garage provides ample storage, and with over 2,000 square feet of living space, there’s room to stretch out and settle in. Gleaming terrazzo floors and vaulted ceilings create a sense of light and space throughout. The living area flows seamlessly to the outdoors through a full wall of sliding glass doors, allowing natural light to pour in while framing spectacular views of the water. Whether you're hosting a dinner party or enjoying a quiet morning coffee, the setting is nothing short of captivating. The kitchen is exactly where you’ll want to be—modern, open, and perfectly positioned to capture views of Sun Lit Cove. The owner's suite offers a calm retreat, complete with an elegant ensuite bathroom and two closets—including a spacious walk-in. Outside, the property transforms into a show-stopping waterfront experience. Lounge poolside under the covered lanai, rinse off in the outdoor shower after a dip, and enjoy the bounty of your private tropical landscape featuring mango, banana, and coconut trees. Dolphins and manatees are regular visitors to your backyard, making daily appearances. Two boat lifts are ready for action—including a 10,000 lb covered lift for your larger vessel and a 7,000 lb lift for quick trips on the water. A strong seawall stretches nearly 100 feet across the waterfront, and a 30-amp hookup at the dock supports your RV or large boat. There’s room on the property for trailers, toys, and gear—so bring it all. And when the sun begins to set, you’ll be reaching for your phone—not to scroll, but to capture the view. Whether you’re posting to make your friends a little jealous or inviting them over to see it for themselves, the colors over the cove never disappoint. And it gets even better—because you're not just buying a home, you're joining the Riviera Bay lifestyle. A neighborhood where community matters and every day brings something special: a community boat ramp, two beautiful parks, golf cart parades, a Christmas Eve boat parade, and American flags lining the streets every 4th of July. As the locals say, “It’s always a great day in Riviera Bay!” All of this—just minutes from downtown St. Pete, Tampa, and local airports.
Source: STELLAR #TB8378721
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.