Lenders can foreclose Florida Keys homes for other reasons, but the most common reason lenders file a notice of default is when a borrower is at least two payments behind.
If the Fl Keys home owner does not bring the loan current, the lender will take the property away from the owner. In the final step of the foreclosure process, the lender tries to auction the property at a public sale.
Not all Florida Keys foreclosures that fall into foreclosure go to public sale because owners have the right to make up back payments up to a point, the time which varies from state to state. Also the property can be bought in pre-foreclosure during the short sale process.
Real estate investors and home buyers see profit in buying foreclosures because they can often buy the property for the amount owed, picking up the home owner's equity for free.
Unlike a foreclosure, investors typically buy the home for even less because investors are not paying off the existing loan nor making up the back payments. Investors are striking a deal with the existing lender to take less than what the lender has coming to avoid dealing with a foreclosure.
It's a myth that lenders are not going to make a deal with an investor unless the seller has fallen behind on the seller's obligation to make timely mortgage payments. Sellers don't need to be in default for a short sale to occur. For a buyer who wants to occupy the home, buying a Florida Keys short sale makes financial sense.
Buying a Florida Keys REO is similar to buying a Florida Keys short sale except the property is already owned by the lender. The property was acquired by the lender through a foreclosure action. Often lenders will sell repossessed homes for less than the past loan balance. Bank-owned properties are called REOs, meaning real estate owned by the lender. Banks end up owning the property when nobody at the public auction bid enough to cover the amount owed against the property. Florida Keys REO homes are often considered the best way to buy a distressed property because the seller is already out of the picture. It's just the Florida Keys investor, the investor's agent, the bank and the real estate agent who are negotiating the transaction. Some Florida Keys Bank Owned REOs can be purchased directly from the lender although it is highly recommended to buy any real estate property through a Florida Keys real estate agent to protect the buyers interest and negotiate the best possible price.
Located in the desirable Port Largo neighborhood, this property is a spectacular custom design with over 6,500 sq. ft. of grand living area. This rare home features exquisite custom finishes throughout which include; two master suites, three en-suite guest bedrooms, and a remarkable entertainment room which can also be used as a gym, yoga studio, or play room. The showcase kitchen island brings a modern flair with top-of-the line appliances. Enjoy the outdoor living space with several covered porches and decks overlooking the swimming pool. Outside you can also find a 60 ft.+ dock on a deep-water canal with direct ocean access. This brand new, one of a kind residence, presents the ultimate living experience with quality and casual elegance. Florida Keys Real Estate and Homes For Sale.
Marlin House is a stunning brand new 4 bedroom, 4 bath home in Islamorada that features top of the line amenities and stunning ocean views from all living levels of the home. As you enter the gates of Tarpon Point you will find an exclusive enclave of 12 oceanfront residences. Designed to meet the ultra-high standards of the developer, these exceptional homes allow for the most advanced building techniques to reside in harmony with one of the worlds few remaining untouched and fully protected marine habitats. Once you enter Marlin House and make your way to the main living level you will be in awe of the ocean views that greet you upon entering the living area. Located just off the living area is the dining room and chefs kitchen. On this level you will also find the first of Florida Keys Real Estate and Homes For Sale.
RARE FIND! ALL OFFERS WELCOME.GORGEOUS!FURNISHED WITH A LARGE OCEANFRONT BOAT SLIP!Rarely available slip NO. 25 is being sold with this property. Stunning property. This large, one story condo comes furnished with a coastal decor and is turn key. You will fall in love with this luxurious property overlooking the rare, private & secured, oceanfront marina. The open water view offers tranquil breezes and magical sunrises. Steps to your boat, the hot tub, and pool!one story condo with a large open concept design with 4 bedrooms & 3 baths! GREAT rental history for investors & a beautiful full time home or get a way for a family. Mandatory refundable at resale equity fee. See HOA fees to include insurance, water & 24/7 security and a capital contribution fee. Florida Keys Real Estate and Homes For Sale.
BEAUTIFUL BAYFRONT PROPERTY in desirable Lower Matecumbe where you can partake in the fabulous backcountry fishing or easy ocean access to enjoy offshore fishing, diving and snorkeling. Concrete 2-story home offering 3bd/2ba up and a legal apartment down, all beautifully remodeled since Hurricane Irma. Enjoy the open living area that is offered while also enjoying the gorgeous open water views of the Florida Bay. Wonderful DOCKAGE with TWO boat lifts (24,000lb and 5,000lb). You will love the backyard with SANDY BEACH and BAYVIEWS or relax POOLSIDE with heater and chiller included. 580sqft. garage which opens on both ends and offers ocean and bay views. This is a property that is turn-key to allow you to enjoy the FL Keys Lifestyle today! Florida Keys Real Estate and Homes For Sale.
This fabulous Port Antigua home is ready for a new family to enjoy! Vaulted tongue in groove ceilings and clerestory windows in the open living area let in the natural light. Features include travertine floors throughout, 3 Bedrooms and 2 baths on the main living level, separate laundry room/pantry and another bedroom and bath on the ground level. The downstairs is above flood and permitted, making this a large home for guests and extended family to share! The backyard is accented with pavers and leads to the 60 ft. concrete dock with a 20,000 lb. boatlift. The carport and garage give protected storage for golf carts, jet skis, etc. The Port Antigua Homeowners Park offers a beautiful sandy beach with tiki huts and BBQ grills for property owners as well as a boat ramp within the community. Florida Keys Real Estate and Homes For Sale.
BALLAST TRAIL is a bespoke, contemporary masterpiece with vast and uninterrupted ocean views. This custom built home is a 5 bedroom, 6.5 bath remarkable example of minimalism with a floor plan that is laid out expertly. A warm, welcoming ambiance is evident throughout the home. This home has spacious living areas ideal for entertaining, is a state-of-the-art smart house and has an expansive solar panel system. Located on 4 wooded acres, this property is extremely private with a drive that extends more than 700 and enjoys 190 on the ocean. The guest house is a remodeled and historic 2B/2B, 1936 Red Cross house. Outdoor amenities include an infinity edge pool that extends along the rear of the main house, extensive entertaining decks, an outdoor Summer kitchen and deep-water dockage. Florida Keys Real Estate and Homes For Sale.
This canal front home on highly desired Lower Matecumbe Key in Islamorada boasts over 120 of dockage, 4,000# and 5,000# boat lifts and a private boat ramp! This home sits on a double, cleared lot on a private cul-de-sac road. The location offers immediate access to ocean or bay for all your boating needs! Downstairs storage, covered fish cleaning station and gazebo for shaded entertainment! Brand new metal roof on home, gazebo, and fish cleaning station. New carpet in home. New appliances. Easy to show and shows well! Home and vacant lot also offered separately. Home for $665,000 MLS#585437 and lot for $425,000 MLS#586534. Florida Keys Real Estate and Homes For Sale.
This original 1971 beach house has been entirely renovated, complete with a brand new top-floor master suite addition and fresh coastal design. The residence features solid concrete block construction, three bedrooms, two bathrooms, and legal downstairs one-bedroom, one-bathroom guest quarters. Additional amenities include a covered carport, plus a canalfront lot with protected dockage, a boat lift, a pool, and a bar beneath a tiki hut. This property is a must-see to appreciate the beautiful interior finishes, panoramic ocean views, and fantastic outdoor spaces. Florida Keys Real Estate and Homes For Sale.
Overlooking the Atlantic Ocean is this peaceful 2.32-acre gated beachfront estate. Remodeling renovations have started and are waiting for the perfect finishing touches. This home features two bedrooms and an office on the main level with an entire third-level master suite. An oceanfront pool, a boat basin, a tennis court, a large sandy beach area, and a multi-car garage complete this exclusive, private property. Florida Keys Real Estate and Homes For Sale.
Live on Florida Bay! This charming island-style 3/2 has open water views, a dock with 4-post boat lift and a sandy beach area in desirable Buccaneer Point. Just come down, relax and unwind! With new impact windows (2017), new metal roof (2015) and fresh paint, this one is ready to move in and enjoy. Located on an extra large lot, there is plenty of room to park trailers, RVs and other toys, plus theres a 2-car carport. Theres also a large storage room/workshop, fenced backyard, hot tub and new outdoor shower. Kick back on the open water view screen porch or in the large top floor master suite with bay view balcony. Offset your expenses with repeat rentals if desired. This perfect Keys retreat is only an hour from Miami. Dont miss this great opportunity! Florida Keys Real Estate and Homes For Sale.
SELLER IS MOTIVATED & LOOKING FOR OFFERS!PLENTY OF ROOM FOR YOUR YACHT WITH 140FT. OF CONCRETE DOCKAGE! This ultra modern home with exceptional architecture features a gorgeous open floor plan with expansive windows on all levels, beautiful chef kitchen with Bosh and Sub Zero stainless steel appliances. The first entry level includes a large open room/bedroom, full bath plus laundry room. The 2nd level features an open kitchen & great room with a powder room and a large waterfront master suite. The 3rd level has a bedroom/office & a full bathroom including an outdoor bar overlooking the pristine waterway. Located on 2 lots with 140ft. of dockage with 2 boat lifts, a cut in boat slip, and 2 car garage with a large tackle room. Florida Keys Real Estate and Homes For Sale.
Open to Offers! Ocean views from this modern gated pool home. Ideally situated in the heart of Tavernier with direct ocean access. Massive balconies to the ocean, Master suite on the top floor with private terrace. Boat lift and davits. Separateguest suite with bath on the ground level. A must see! Florida Keys Real Estate and Homes For Sale.
Opulent, alluring and meticulously detailed, this Islamorada Estate is where perfection meets the Bay ~ welcome to The Fish Ranch. Located on Plantation Key, The Fish Ranch estate features two (2) single family residences plus a media house, and cabana with outdoor kitchen. World-class designs make this one of the more distinguished estates for the most discriminating buyer. 100 swimming pool with two beach entries, hot tub, 250 of sandy beach, putting green, dockage, architectural designed landscaping with fire pit and lighting throughout. Also included with this property is an additional 19,729sf lot. Florida Keys Real Estate and Homes For Sale.
Great Location on Plantation Key Millionaires Row in desirable Ocean Harbour complex. Check out the virtual tour. This 3rd floor corner unit has over 180 degree panoramic ocean views. Includes deeded 50 foot boat slip (#8) and easy ocean access. Being sold furnished. Just step right in to your luxury Islamorada condo. Lots of amenities to enjoy; pool, tennis courts, marina, gym, boat ramp. Florida Keys Real Estate and Homes For Sale.
BOATERS DREAM in PREMIER VENETIAN SHORES! Spacious and well-maintained SOLID CONCRETE home offering 3bd/3ba, legal downstairs living quarters. Relax POOLSIDE in a beautiful custom concrete pool with spa! 70 of concrete DEEP-WATER DOCKAGE and 100 wide canal! Immediate ocean and bay access through Snake Creek! Florida Keys Real Estate and Homes For Sale.
Private bayfront island situated in the heart of the Florida Keys. Nestled behind gates and lush tropical landscaping are a magnificent main house and two private guest houses, a swimming pool, and deep water protected dockage for multiple boats. The island-style two-story main home offers two inviting bedrooms, a spacious living and dining area, a showcase kitchen, and French doors that open to lovely first and second floor porches overlooking the bay. The impressive guest quarters provide comfort and privacy with four bedrooms, four bathrooms, and a private patio with bay views. An additional one-bedroom guest cottage offers open bay views and a sandy beach area. The swimming pool with sundeck is surrounded by swaying palm trees and tropical gardens Florida Keys Real Estate and Homes For Sale.
Stunning waterfront home barely used and offered furnished ready for immediate enjoyment! Three story concrete home, metal roof, impact windows/doors, double carport, interior staircase, four ensuites, expansive porches, open living, granite counters, travertine floors, custom kitchen, laundry room, so much more. Everything in impeccable condition in this bright and open residence. 65 feet of waterfront with 40ft concrete dock, ready for boat lift. Deep water access, excellent for large boats. Enjoy the ammenities of the Port Antigua sugar sand beach and boat ramp. Florida Keys Real Estate and Homes For Sale.
Living is easy in this 3,200 sq. ft., CANAL-FRONT home with bay & ocean access. Cozy up to this BRAND-NEW custom built 4/3.5 concrete home in the heart of Plantation Key.Entertaining spaces flow out from the upstairs great room, a gourmet kitchen equipped with top of the line appliances, quartz counter-tops and custom-built cabinetry. Enjoy the serene master suite with a spacious walk-in closet, large shower, his & her sinks and a vanity. Completing the upstairs, you will find two additional guest rooms connected by a full bath, half-bath close to the living area and a large laundry room doubling as an office area. The downstairs level houses a wet-bar, living area, guest suite and full bath which are steps away from the outdoor living space, synthetic grass, lounge pool and 70 of dock. Florida Keys Real Estate and Homes For Sale.
Amazing, turn-key investment property with a stellar rental history. The average occupancy is 46 - 50 weeks a year. This impeccably maintained oceanfront residence has a brand new pool and dock. Large double lot perfectly situated so you can enjoy spectacular sunrises daily. The resort-like amenities create the ultimate escape. With four bedrooms, a bonus room, two living rooms and three and half bathrooms, this is the perfect home for entertaining. Sold furnished with custom furnishings, stainless appliance, granite countertops and custom mosaics. Completely turn-key investment property. Please see documents tab for weekly rental rates. Too many upgrades to list, please see documents tab for a more complete list. This home is the ultimate beach vacation home. Florida Keys Real Estate and Homes For Sale.
Great privacy across the waterway... Overlooking an approximately 62 acre tract of environmentally sensitive land and offering quick access to bay and ocean, this canalfront, fully concrete, two-story, pre-firm home offers lots of outdoor entertaining space...Newly thatched, huge waterfront chickee, newly surfaced dock with low maintenance composite decking, plus 12,000 lb boat lift & jet-ski lift for your convenience. Spacious interiors, tastefully finished & fully furnished... 2 bedrooms, 2 baths up with large, newly surfaced sundeck, and 2 bedrooms, 2 1/2 baths down. Voluntary homeowners association offers a lovely bayfront homeowners beach for fun in the sun! Florida Keys Real Estate and Homes For Sale.
Perfect opportunity to build your dream home in the Florida Keys on a 3 lot parcel in the Village of Islamorada. This property consists of 3 buildable lots with an existing home located on the center lot (lots are also listed separately and available for purchase individually - see listing #587338 - Lot 4/587336 - Lot 5/587339 - Lot 6). Property is on the bay side, next to Robbies and just minutes to Tea Table and access to ocean. Florida Keys Real Estate and Homes For Sale.
Beautiful Oceanfront Home in Tavernier with wide ocean vistas & calming ocean breezes. Modern comfortable design of around 2,900 sq. ft. including downstairs. 3 bedroom, 2 bath with ceramic tile floors throughout, granite counter tops in the kitchen and baths. Lots of natural lights in all rooms. CBS construction with metal roof, large terraces overlooking the ocean. Accordion storm shutters, storage rooms, 200 FT dock with heavy duty boat lift. Fenced and landscapes property with room for pool. All work in the house was done with permits. Freshly painted. Florida Keys Real Estate and Homes For Sale.
Awesome, bayfront, property on Lower Matecumbe with everything a family needs to enjoy the Keys lifestyle! Deep water dockage, natural private sand beach, endless bay views, tiki hut with bar, and thats just outside. Inside enjoy travertine floors, media room, custom glass etched bar, cargo lift, separate laundry room and remolded 1/1 downstairs . Perfect for any fisherman the property is conveniently located with endless access to inshore angling and a short run to ocean with no fixed bridges. Owner financing possible and a realistic price make this a must see. More photos coming soon! Florida Keys Real Estate and Homes For Sale.
Spectacular & Private Oceanfront Estate with Protected Deepwater Dockage! One of four homes in one of the most prestigious, private and secure gated communities in Islamorada. Total of 6,092 sf of enclosed space; 3,692 sf of air-conditioned living area on the second and third floors, plus a 400 sf screened porch adjacent to the great room/kitchen for outdoor dining. On the ground floor, a 1,000 sf air-conditioned pool/game/family room with hurricane glass sliders to the pool deck for entertaining and a 1,000 sf three car garage with a work shop area. Florida Keys Real Estate and Homes For Sale.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys Board of Realtors Florida Keys MLS, Inc.