920 SE 16th Ter Cape Coral, FL 33990
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About this home
GULF ACCESS AND FLOOD X!!! Welcome to Your Gulf Access Paradise home just houses off the Rubicon Canal. Prepare to be captivated by this stunning, fully remodeled pool home, a true masterpiece of modern design and coastal living. Perfectly positioned just off a wide, 120-foot stretch of the Rubicon Canal, this property offers the quintessential Florida lifestyle complete with impeccable design, a long list of premium upgrades, and boating access to open water. The moment you step inside this 2,116 sq ft sanctuary, you'll be greeted by an open-concept layout that bathes the home in natural light and provides breathtaking views of the sparkling pool and serene canal. The spacious floor plan, with its 3 bedrooms, 2.5 bathrooms, and a versatile den/dining area, is perfectly suited for both relaxing family life and entertaining guests. The kitchen has been fully updated with New wood kitchen cabinets, elegant Quartz countertops, with New kitchen appliances. For the boating enthusiast, this home is a dream come true. Enjoy a leisurely cruise to the Gulf in just 20-30 minutes, with only one bridge to navigate (offering an impressive 11.2 feet of clearance that accommodates a wide variety of vessels). The large boat dock, complete with a convenient captain's walk, makes getting on the water a breeze. This home has been meticulously updated and is truly turn-key, featuring a newer Rosen metal roof installed in 2023. The pool will be resurfaced with new finishes and surrounded by sleek metal fencing, which not only enhances safety and security but also adds to the property's modern aesthetic. This isn't just a house; it's a lifestyle. Located in a favorable Flood Zone X with all assessments paid. This turn-key, Gulf Access home, with its quality updates and exceptional location, speaks for itself. Don't miss this opportunity to own a piece of paradise. Schedule your next showing and make it yours. Link to Virtual Tour under facts & features.
Source: FORTMYERS #2025005918
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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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