2818 SE 17th Pl Cape Coral, FL 33904
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About this home
Paradise Waterfront Estate — Direct Gulf Access, No Flood Zone! VA assumable loan at 4.65% Discover your dream coastal retreat in this luxurious 4-bedroom, 3-bath waterfront home, perfectly positioned on three combined lots (1/3 acre) offering 120 feet of sailboat-access waterfront—no fixed bridges and not in a flood zone! Step inside and experience open-concept living at its finest. The spacious living room centers around a cozy fireplace, flowing effortlessly into a bright dining area and a chef-inspired kitchen. Here, you’ll find white cabinetry, quartz countertops, an abundance of storage, and a large eat-in snack bar with a window view of the pool and waterway—a culinary enthusiast’s dream. This thoughtfully designed home features a split-bedroom floor plan, providing both comfort and privacy. The owner’s suite and guest suite each include private en-suite baths, ideal for hosting guests or multi-generational living. Recent updates include a new water heater (2024), roof (2018), and A/C system (2021). The interior and exterior have been freshly painted, and plantation shutters add timeless elegance throughout. Step outside to your personal paradise—an enclosed bird cage pool and swim spa, a large tiki hut with granite bar countertops, ample seating, and lush tropical surroundings. The new dock and boat canopy feature multiple docking options, including a captain’s walk dock, cantilever dock, and a 13,000 lb boat lift—perfect for multiple boats and serious boaters. You will also find a nice size attached storage area, with the option to turn it into a work out space, external office, craft space and more. With direct access to the river and Gulf, a two-car garage with a large driveway, extra parking pad, some hurricane shutters, and a decorative rod iron fence, wired for a generator, RV and electric vehicle this home delivers both luxury and peace of mind. Enjoy the true Florida lifestyle—sun, sea, and serenity—in a property built for comfort, leisure, and lasting memories.
Source: FORTMYERS #225076976
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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.