Rare Opportunity: Assumable 2.75 rate Loan 25 yrs + Double Lot(8000×2) + 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!