301 Saratoga Dr Satsuma, FL 32189
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About this home
A Coastal Masterpiece, Timeless Key West Luxury Sellers' loss is your extraordinary opportunity. Originally built as a forever home, this custom Key West-inspired estate blends architectural integrity with refined coastal living. Thoughtfully designed and impeccably constructed, this residence exudes sophistication, strength, and style. Spanning 3,006 square feet of living space, plus 536 square feet of unfinished air-conditioned attic, this 3-bedroom, 3-bathroom home showcases ICF (Insulated Concrete Form) construction, steel-reinforced and concrete-filled for unmatched durability, energy efficiency, and peace of mind. Inside, soaring 10-foot ceilings and 8-foot solid wood and steel doors complement rich cherry hardwood floors, 6-inch baseboards, and custom crown molding, creating a sense of timeless grandeur. The main kitchen is a chef's dream with granite countertops, KraftMaid cabinetry, double ovens, and a septic-safe disposal system, while the apartment kitchen impresses with quartz countertops and soft-close drawers and doors. Every detail has been curated to perfection, from bullnose drywall corners and 2-inch vinyl blinds to oversized windows that flood the home with natural light. A two-sided see-through gas fireplace anchors the main living space, offering warmth and elegance from every angle. The owner's suite is a true retreat, featuring an oversized walk-in shower, a freestanding jetted soaking tub, a heated towel rack, and custom-designed vanities. Additional highlights include: " Elevator shaft (currently dual pantries) ready for an 8' residential elevator " Climate-controlled hurricane/panic room for safety and storage " One-bedroom apartment with a separate entrance, perfect for guests, in-laws, or rental income " Climate-controlled garage/workshop and large dockside shed " Attic space (11' x 40') with climate control Outdoor living is equally captivating. The full wraparound porch frames spectacular views of Lake Saranac, the St. Johns River, and the canal, while the private dock with a 13,500-lb elevator boat lift offers direct water access for boating enthusiasts. Nestled within a quiet, desirable neighborhood, this home radiates tranquility and understated luxury, the perfect blend of craftsmanship, comfort, and coastal charm. A rare opportunity to own a home built for a lifetime and designed for those who appreciate the extraordinary.
Source: REALMLS #2113340
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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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