419 Rum Runner Way, St. Johns, FL 32259

Property Description

Best value in Beachwalk's gated Atlantica Isles 4 bedroom, 3 bath townhome with over 2,500 sq ft, water views, and a CDD bond already paid off. This move in ready home offers a spacious, well designed layout ideal for both everyday living and entertaining. CDD bond paid off a meaningful advantage in Florida, where many communities include additional annual CDD bond fees. The open concept kitchen flows seamlessly into the main living and dining areas, creating a bright and functional space with plenty of natural light. Large sliding glass doors open to the backyard, enhancing indoor outdoor living and bringing in even more natural light. A first floor bedroom and full bath provide added flexibility for guests, a home office, or multi generational living. Upstairs, the primary suite features a private balcony with water views, along with a spa style bathroom complete with dual vanities, a large walk in shower, and a walk-in closet. A versatile loft/family room provides additional flexibility for a home office, media room, or play area. Enjoy outdoor living with both water views and the unique benefit of capturing sunrise and sunset from the lanai creating a relaxing and inviting setting throughout the day. The fenced backyard offers a rare and valuable outdoor space perfect for pets, entertaining, or relaxing evenings, complemented by a 2 car garage for added convenience and storage. Located in one of Beachwalk's gated neighborhoods, residents enjoy private access to the 14 acre Crystal Lagoon, along with resort style amenities including white sand beaches, swim up bar, water slides, paddle boarding, kayaking, putting green, dog parks, fitness center, tennis, and more all just a short walk or golf cart ride away. Conveniently located in St. Johns County, Beachwalk offers easy access to Jacksonville, Ponte Vedra Beach, and historic St. Augustine, providing a perfect balance of everyday convenience and coastal lifestyle. Located near Beachwalk's community amenities, the home is also convenient to nearby schools, including Beachside High School located within Beachwalk and Lakeside Academy (K-8) just across from the Beachwalk community. Kitchen appliances, including refrigerator, range, built in microwave, dishwasher, along with washer and dryer, are included making this home truly move in ready. Skip the wait for new construction and take advantage of one of the best opportunities currently available in Atlantica Isles. VA assumable loan opportunity at 4.99% available for qualified buyers. Great news -- 419 Rum Runner Way has a VA assumable loan, and the best part is the buyer does NOT need to be a veteran to assume it. This loan is open to any qualified buyer! LOAN DETAILS " Lender: PHH Mortgage " Loan #: 4011964451 " Current Payoff: ~$502,000 " Interest Rate: 4.99% fixed APR (30 yr term, matures Sep 2053) MONTHLY PAYMENT BREAKDOWN " Mortgage Payment: $2,785/mo " Insurance: $1,258/yr (buyer may shop around & save) " Beachwalk Amenity Fee: $335/mo (includes private beach access!) " Atlantica Isles HOA: $553/mo (paid quarterly | only a 2% increase from prior year) -- includes all landscaping, exterior power washing, and full common area maintenance (mowing, paving, and upkeep of shared community spaces etc.) " 2025 Tax Bill: $7,135 ONE-TIME FEES " Beachwalk Club Initiation Fee: $5,000 WHY THIS IS A HUGE OPPORTUNITY With today's mortgage rates hovering around 6.5%+, assuming this loan at 4.99% fixed could save a buyer hundreds of dollars every single month -- potentially $1,000+/mo compared to financing at current market rates. On a $500K loan, that difference compounds to tens of thousands in savings over the life of the loan. But the monthly savings are just the beginning. Here's other savings that may be available with this loan assumption: " Lower closing costs -- VA loan assumptions carry no origination fee, no discount points, and no lender junk fees, saving buyers an estimated $5,000-$10,000 in closing costs compared to a traditional new loan. " Assumption funding fee of just 0.5% -- the funding fee on a VA assumption is significantly lower than on a new VA loan. On a $502K loan, that's roughly $2,510 vs. thousands more on a new loan. The difference between the purchase price and the ~$502K payoff would need to be covered by the buyer in cash or a second mortgage (most traditional lenders don't offer seconds, so a local bank or credit union is the best route). Buyer will need to be credit-approved through the VA assumption process. Happy to provide any additional details!