381 Kingfish Dr SE Saint Petersburg, FL 33705
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About this home
Escape to your island oasis on Coquina Key, where laid-back living meets the vibrant heart of St. Petersburg. With a recent price improvement and an assumable VA loan with a very low interest rate (for eligible buyers), this is the perfect combination for one of the best island homes for sale. Don’t miss your chance to make island living your reality! This meticulously maintained 4-bedroom, 2-bath home has been recently remodeled to perfection. The stunning chef's kitchen features quartz countertops, double ovens, a beautiful backsplash, and high-end fixtures, along with ample storage and a dedicated coffee bar area complete with a beverage cooler. The oversized primary bedroom boasts a built-in fireplace and generous closet space, while the large laundry room and beautifully appointed bathrooms provide both convenience and luxury. Enjoy spacious living areas that overlook a tranquil landscaped backyard, fully fenced for privacy and backing up to an incredible park. Here, you'll find tennis and pickleball courts, basketball courts, two soccer fields, two dog parks, and a scenic waterfront walking trail. Notable upgrades include a new A/C (2021), roof (2019), water softener (2023), and water heater (2025), making this home as reliable as it is beautiful. Outside, an eco-friendly circular driveway welcomes you with gorgeous landscaping, setting the tone for the serene surroundings. Just three miles from downtown St. Pete, venture over the charming bridge to discover two cozy coffee shops, excellent restaurants, and a new local hotspot where you can connect with island residents—there’s even a sandwich named after the island! Plus, a 24-hour convenience store is nearby for those late-night cravings. Coquina Key Island, known as the friendly island, lives up to its name with a true sense of community. Neighbors wave hello as they stroll by or cruise past in golf carts, and residents gather for planned events like movies in the park and the beloved annual Christmas parade. All of this, with easy access to some of the most beautiful beaches in the area
Source: STELLAR #TB8414298
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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.