5116 Beach Dr SE Apt D Unit D Saint Petersburg, FL 33705
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About this home
Welcome to Waterside at Coquina Key South! This gated waterfront community spans 88 acres along the Tampa Bay waterways and offers resort-style living with 24-hour security. With 628 units and 60 buildings. Waterside is a very large waterfront community in Florida, featuring five canals and a freshwater pond. An abundance of boat slips that are available for purchase or lease. This 2-bedroom, 1-bath, second-floor condo is move-in ready and being sold furnished. Inside, you’ll find tile floors, wainscot paneling, Hunter ceiling fans, and in-unit washer/dryer and beachy décor. The large kitchen has been remodeled with a backsplash, newer appliances, and generous cabinet and counter space. The bathroom has been beautifully updated with wainscot paneling, tile, and a modern vanity. Step out onto your private balcony with peaceful canal views and enjoy the Florida breeze. This unit also includes a deeded dry dock for your boat trailer, or wave runners. Waterside South’s resort-style amenities feature two pools, tennis courts, pickleball courts, sand volleyball, tennis courts, kayaks storage, fitness center, a dog park, and the on-site Yacht Club with a full bar and weekly activities. Hang out at the Yacht Club or fishing pier and enjoy Florida wildlife while watching cruise ships and tankers come and go from Tampa Port—you’re guaranteed to see dolphins every day! The property experienced no flooding from Hurricanes Helene or Milton, while repairs remain in progress, the property is mending very well and continues to show strong value growth. The HOA has been working diligently on milestone projects, with several repairs completed including roofs, balconies, and painting. Ideally located near world-famous Gulf beaches, top hospitals, shopping, dining, and entertainment, with Tampa International Airport only 30 minutes away, Waterside South is a unique and affordable waterfront community—and now is the time to buy before prices increase!
Source: STELLAR #TB8432483
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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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