Rare Opportunity: Assumable 2.75 rate Loan 25 yrs + Double Lot(8000x2) + Deeded Private community Gulf Beach Own near the Gulf with a rare 2.75 rate assumable mortgage (approx. $169K balance, ~$772/month P&I) offering substantial long-term savings compared to today’s rates. MTI (mortgage,Taxes,Insurance)= +/- $1250 a month operating costs This updated coastal home sits on an oversized 16,000 sq ft double lot just ~1,000 ft from deeded private beach ferry access and boat ramp, combining lifestyle, space, and future potential. While public records reflect 997 sq ft, the Hidden value of this home offers approximately 1,500+ sq ft of fully air-conditioned living space (buyer to verify),A/C is in every sqft of home ,expanded bedroom, laundry area, and additional storage. A sunroom/enclosed porch w/ split a/c provides flexible space for relaxing, working, or hosting guests. The interior has been remodeled for comfortable, move-in-ready living, with a flexible 2–3 bedroom layout and 2 full baths. Key Value Add: Oversized double lot with potential for a second cleared vacant buildable parcel 7000-8000sqft Estimated additional lot value: $80K–$100K Opportunity for future build, resale, or expanded use Property Highlights: 16,000 sq ft double lot Deeded private beach access (via ferry) Boat ramp access Space for RV and boat parking Fenced yard, fruit tree, and storage shed Public utilities (no well or septic) No HOA | No CDD Location: Approx. 1,000 ft to private beach access Convenient to shopping, dining, and coastal amenities Strong rental appeal (buyer to verify local guidelines) Ppotential airbnb(others on street) seasonal or annual renter store boats, trailers campers, Rv's on extra lot just like neighbors do. Opportunities combining low-rate assumable financing, land value upside, and beach proximity are limited and can save you over $300,000 in interest versus a new 30yr 6 interest rate loan. Do the math 25yrs 169,000 at 2.75 interest rate assumable or 6 interest ratet 30yr w/about 80K down calculations. An obvious choice!
Berkshire Hathaway HomeServices
Florida Realty
3192 Fruitville Rd, Sarasota, FL 34237
Listing Broker: PREFERRED SHORE LLC
Last Changed: Monday 20th of April 2026 07:16:09 PM
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