274 Stella Maris Dr S Naples, FL 34114
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About this home
Discover the perfect blend of comfort and low-maintenance living in this waterfront villa at 274 Stella Maris S, nestled in the stunning community of Port of the Islands. If you're looking for more than just a condo but don’t want the upkeep of a single-family home, this is your opportunity to create your dream retreat! This spacious 2-bedroom, 2-bathroom end-unit villa includes a versatile den and a large 2-car garage, providing ample space for your lifestyle. Step outside to the oversized screened lanai, offering endless possibilities for relaxation, entertaining, or expanding your living space. And for boating enthusiasts, this home is a dream come true - complete with a boat dock and an 8,000 lb. lift, you’ll be on the water in no time! Adventure begins right from your backyard, where you will also find key lime and pineapple fruit trees. Boating from Port of the Islands is simply spectacular! Within 7 miles, you'll reach the Gulf of Mexico, passing prime fishing spots and hidden beaches where you can pull up, picnic, or camp among the breathtaking Ten Thousand Islands. Wildlife lovers will be in awe, with dolphins, manatees, and exotic birds often making an appearance. And while adventure is at your doorstep, peace of mind comes standard. To the best of our knowledge, Port of the Islands has never experienced storm surge damage, making it one of Southwest Florida’s best-kept secrets. Convenience meets paradise: A Publix market is less than 15 minutes away, Marco Island is about 20 minutes, and downtown Naples is around 30 minutes. Nearby, you'll also find two public golf courses and a public shooting range, ensuring that outdoor recreation is always within easy reach. Plus, the Everglades National Park is just a short trip away for those who crave even more exploration. This villa is just waiting for you to add your personal touch and start living the waterfront lifestyle you've always dreamed of. Welcome to paradise - where every day feels like a getaway!
Source: FORTMYERS #225027567
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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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