920 W Beach Dr Panama City, FL 32401
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About this home
NEW Price Improvement to $1,158,888 on this stunning WATERFRONT home that offers two parcels - an exceptional opportunity to own the waterfront land on the BAY!Bring an offer on this waterfront home is positioned perfectly on picturesque Scenic Beach Drive, offering a unique blend of modern luxury and serene coastal living. This exquisite, recently renovated, one-story ranch-style home on .48 acres, encompasses 2,621 square feet, presents an exceptional opportunity for those seeking a slice of Florida's coveted waterfront lifestyle. This waterfront property is truly impressive-built for entertaining, complete with a back yard fire pit and ample room for a pool. Open the full glass bi-fold doors the entire length of the sitting room & enjoy sunsets year-round. And speaking of view - wait until the July 4th fireworks displays from the comfort of your own home, a hallmark of scenic Beach Drive known for its pure bay views. The home's interior has been fully renovated as it was taken down to the studs replacing electrical, plumbing, HVAC, windows, water heater, sheetrock and more. The design truly reflects a modern, bright aesthetic and one of the best features is that it's on a single level with no stairs. The open floor plan is accentuated by abundant windows, allowing natural light to flood the space and offering picturesque views of the bay. The kitchen is a chef's dream, equipped with a large island, upgraded appliances and elegant quartz countertops. Full glass bi-fold doors in the sitting area seamlessly blends indoor and outdoor living, opening up to reveal the tranquil waterfront setting. One of the best features in this home is the open concept which provides two living areas, one adjacent to the kitchen and one overlooking beautiful St. Andrews Bay. Boasting three spacious bedrooms and three and a half bathrooms, each bedroom is thoughtfully designed with its own en suite bath, ensuring privacy and comfort for all residents and guests. A powder room is convenient adjacent to the foyer, as well. The expansive primary suite in this single level home is a true retreat, featuring breathtaking views of St. Andrews Bay, a zero-entry, roll-in tiled shower, dual vanities and a large walk-in custom closet. The property includes a two-car garage and deeded access to the waterfront, enhancing its appeal as prime waterfront. Its central location between the booming Downtown Panama City area and the vibrant Historic St. Andrews. Residents can enjoy walking to local farmers markets, breweries, boutique shops, and different dining options. The area is also bike-friendly and known for its community events, parades, pubs, restaurants, and marinas. The waterfront lifestyle doesn't end at home which is even more incredible! Walk or bike down Scenic Beach Drive to an array of activities allowing you to live your best waterfront life! This property not only provides a luxurious living experience but also holds incredible rental potential with no HOA, allowing you and your guests to immerse themselves in the quintessential Florida waterfront lifestyle. You'll enjoy accessing the Bay by kayaks, paddleboards or just relaxing in the water for a swim.
Source: EMERALDCOAST #976032
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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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