5300 S Atlantic Ave Apt 6502 Unit 6502 New Smyrna Beach, FL 32169
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About this home
Welcome to a slice of tropical paradise in the heart of New Smyrna Beach’s coveted Oceanwalk community. This spacious 2-bedroom, 2-bathroom condo offers 1,389 square feet of thoughtfully designed living space and comes fully furnished, ready for you to move in or begin renting out immediately. Whether you're looking for a serene second home, a full-time Florida escape, or a top-performing vacation rental, this beachside beauty has it all. Step into a warm, open layout where tile flooring flows through the main living spaces, and soft, plush carpet makes the bedrooms cozy and inviting. The king-sized master suite is a true retreat with its jetted soaking tub, separate walk-in shower, dual vanities, and plenty of storage. The second bedroom features a queen bed and has easy access to a stylish full guest bathroom with a shower/tub combo—perfect for guests or family. Take your morning coffee or evening wine out to the screened-in back porch and enjoy tranquil views of lush island greenery and preserved natural landscape. It's the ideal spot to unwind and listen to the sounds of nature. From your front door, you're treated to partial ocean views, a daily reminder that the beach is just a short stroll away. Worried about maintenance or big-ticket expenses? Don’t be—this building already has a new roof that’s been fully paid for, and the HOA reserves are fully funded, offering peace of mind and financial security for years to come. Pet-friendly and move-in ready, this unit offers unbeatable value and flexibility. As part of the Oceanwalk lifestyle, you’ll have access to an impressive array of resort-style amenities: two sparkling pools, walking and biking trails, a well-equipped fitness center, tennis courts, bocce ball, shuffleboard, a sauna, clubhouse, and more. Plus, private beach access to NSB’s pristine no-drive beach is just across the road. This is the Florida dream—sun, surf, comfort, and community—all wrapped up in one beautiful, turn-key package. Don’t miss the opportunity to own this rare gem in one of New Smyrna’s most beloved beachside communities.
Source: STELLAR #O6306357
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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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