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.
ESPRIT - Architecturally modern residence encased in majestic tropical gardens that awaken the senses and are host to monarch butterflies, jasmine, gardenia, and birds of paradise. This rare custom 3BA/2.5BA CBS home offers a concrete roof, custom flooring throughout & hurricane rated windows and doors. Open and spacious kitchen with indoor/outdoor dining areas overlooking the water is designed with accent lighting and the newest modern appliances. Fast Bay to Ocean access via either nearby Tavernier Creek or Snake Creek with marina amenities available right up the canal teeming with manatee and porpoise. Rooftop party deck has 10 person hot tub and offers 360 degree views of Plantation Key and waterways adorned with beautiful birds, starry skies, breathless sunrises and romantic sunsets. Florida Keys Real Estate and Homes For Sale.
This home is truly a private gated retreat nestled by impressive lush landscape with mature Palm Trees and Tropical plants for privacy , Infinity Edge Pool with decorative finishes & night lighting overlooking Lake San Pedro and Amazing Sunsets! Old Chicago brick cover patio area with built-in bar by the pool perfect for outdoor entertainment. Not one but two boat lifts enough for all your water toys plus fish cleaning station, less then 2 minutes to the Open Bay and immediate access to the ocean through Tavernier Creek Chanel. Also downstairs is a huge beautiful air conditioned legal above flood level multi purpose room with full bath and Wet Bar. Perfect for man cave, entertainment / family room or 5th bedroom. Come up to the main level entrance with open Living room / Gourmet Kitchen/ Florida Keys Real Estate and Homes For Sale.
Craig Cay Island Estate - Construction has commenced! A unique opportunity for a buyer to participate in this exciting project, affording a buyer an option to choose their interior finishes, based on their personal preferences, within a specified budget. When completed, this magnificent, ground-level & sprawling, 9,737 sq. ft. home will be an exceptional masterpiece, with 6 bedrooms, 6 full baths, 2 half baths, exercise room, full entertainment room (above the dining room), glass solarium, tackle room, 3 car garage, captains quarters (above the garage) overlooking the 300 of deep-water, protected boat basin with 106 of concrete dock and a custom, a summer kitchen with the appearance of being set inside the 222 long pool which will wrap around both sides of the house, facing the bay. Florida Keys Real Estate and Homes For Sale.
Take in the sweeping waterfront views from this top floor Angelfish Cay condominium. This perfectly located residence is steps away from all the vibrant social and recreational activities of the Tennis & Game Center. Beautifully and completely renovated, this waters edge condominium features two bedrooms, a den and three full baths. Soaring vaulted ceiling complement the generous open floor plan, with updated kitchen and great room, tile flooring, finely crafted wood cabinetry, granite countertops and stainless steel appliances. Open the glass doors to your private screened patio, and enjoy quiet morning time and sunrise while you feel the ocean breeze. Florida Keys Real Estate and Homes For Sale.
2008 Custom built home, with stunning bay front views. Easy boating access to the ocean side via Tavernier creek. Functional cut in boat ramp, with 40 ft of deep dockage. This 4 bedroom 3 bath concrete home with concrete roof offers an interior elevator, recessed ceilings, plantation shutters throughout, crown molding, impact windows and doors. This home is fenced for privacy with paver driveway. Enjoy all this in popular Hammer Point! Great location near restaurants, movie theatre, grocery store, hospital and more. Florida Keys Real Estate and Homes For Sale.
PREMIER LOCATION IN KEY LARGO with direct access to the ATLANTIC OCEAN! Beautiful all concrete canalfront POOL home offering a spacious 3bd/2ba, finished FL pine cathedral ceilings, open floor plan, storage only down(1045sqft), covered parking, large open porch overlooking pool and canal, tropical pool with 2 waterfalls w/Italian marble decking, 75 concrete DEEP-WATER DOCKAGE, all located in a tropical setting full of beautiful foliage offering lots of privacy. Florida Keys Real Estate and Homes For Sale.
Port Largo home Plus - This 5 bedroom Port Largo home has the plus of a new IPE dock, tasteful, expensive, and beautiful Brazilian walnut. You can choose your look, oiled or natural for this attractive dock and decking addition to your yard. Deep water dockage and ease of ocean access is the reason many fisherman, divers and big boat owners, gravitate to Port Largo. Enjoy all the amenities of a community park with tennis courts, walking trails and aquatic amenities. The home is truly inviting with living area open to the dining area and kitchen, very beachy feel and great place to entertain. Plenty of bedrooms for guests too. Another plus, owner put on a new metal roof which enhances the look and integrity of this home. Florida Keys Real Estate and Homes For Sale.
A Sailors Paradise! This stunning direct bayfront pool home offers you beautiful open water views, gorgeous sunsets and protected deep water boat dockage for multiple boats. Current owner has a 55 x 26 Catamaran Sailboat and a 23 Bay Boat. This exquisite 3 story home has 3 Bedrooms/2.5 Bathrooms upstairs & a remodeled 1/1 ground floor apartment for visiting friends & family. This home has soaring wood ceilings & direct bay views from all of the large bedrooms. The exterior features include a rare covered boat house slip with lift, 71 seawall, & a new pool with swim jet, heater & cooling system. Other features include a tall carport for a large RV, a Workshop with A/C, gated electric entrance, & a walled lot with tropical landscaping. New A/Cs, hot water heater & appliances. Florida Keys Real Estate and Homes For Sale.
MAGNIFICENT OCEANFRONT PARCEL WITH JUST UNDER 3 ACRES on Windley Key in Islamorada. This property boasts a huge, IRREPLACEABLE, DEEPWATER boat basin to house and protect many boats PLUS just over 200 Feet direct Atlantic Ocean frontage. Ground Level home offers a fireplace and endless ocean views from the large deck. Catch the endless ocean breezes at the waterfront Tiki. Hut. A rare and unique opportunity. Florida Keys Real Estate and Homes For Sale.
Welcome to Seagate Pointe...a coveted open oceanfront estate surrounded by the sparkling blue Atlantic on three sides with protected dockage, oceanfront pool and 5,020 sq.ft. of beautifully updated living space. The 5 bed/5.5 bath home was completely remodeled by DAsign Source to embrace expansive ocean views on every floor and incorporate classic, artistic details throughout. Theres also an eat-in gourmet kitchen with Wolfe gas stove and a wet bar by the pool table. Outside enjoy new travertine tile on the front drive and concrete dock that flows around the home leading to the oceanfront pool and party deck, all surrounded by new tropical landscaping and new electronic entry gates for privacy and security. For boaters, Seagate Pointe offers protected dockage for two or more boats. Florida Keys Real Estate and Homes For Sale.
Luxurious & fully furnished. Beautifully appointed, turn key. Immaculate, pristine & a rare find in the newest 5/Marlin building overlooking the Atlantic Ocean. This sprawling 4/3 condo overlooking the ocean with spectacular sunrise and landscape views is rarely available in the magnificient, Mariners Club in Key Largo, Florida! Resort style, luxury amenities with an on site clubhouse, and conference center. Gorgeous, open concept with marble floors and high end finishes. Pickle ball, fitness center, beach and BBQ area as well as pet friendly. Only 118 homes, small and exclusive. This large family condo is a must see! Easy to show. Owner/agent 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.
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.
Pre-construction! No waiting to build your dream home in paradise! Building permit in hand for main house, guest house and caretakers cottage. Dockage assured in Village Council Meeting. THE CROWN JEWEL OF ISLAMORADA is a must see - Over 21 acres spanning from US-1 to the beautiful bay. Over 1250 feet of secluded bay front! Running from US-1 to the bay, your estate insures privacy and seclusion like no other as well as year round sunsets. Fish, snorkel and swim in your own secluded cove, or fish, kayak and paddle board in your very own free flowing creek (historically known as Little Snake Creek) connecting two salt water lakes loaded with tarpon and snapper. A very rare opportunity to own a true trophy estate in the Florida Keys. Perfect for a family compound or corporate retreat Florida Keys Real Estate and Homes For Sale.
Tranquility on Tarpon Bay ~ This is a rare opportunity to own almost 4 acres on the bay with 200 feet of bay frontage and a stunning residence. Enjoy entering through your own tree lined natural drive where you are greeted at the gated entry by locally quarried coral entrance columns, custom made copper sconces and brick paver driveway. The home immediately commands a presence with the artfully designed roof overhang of synthetic shake shingles designed to enhance the home further from the high pitched concrete roof, complimentary cooper sconces on the columns, double impact entry doors and sweeping stairwell. The newly designed interior will not disappoint with the cathedral styled high ceilings, rare for a concrete roof, and a one of kind sculpted mangrove chandelier highlighted by the Florida Keys Real Estate and Homes For Sale.
Hammer Point! 4B/4B Custom Built Pool home with Garage. Brand new construction with top shelf finishings. 11 Tray Ceilings w LED lighting and wood floors throughout. Chefs Kitchen with Quartz counters and SS Thermador appliances. 1B/1B at ground level. Elegant stairway to 2nd floor foyer. Huge main bedroom suite on 2nd level with walk in closet, luxurious bathroom and private balcony all overlooking pool & canal. Ensuite Bedroom and Bath with walk-in closet and private balcony. A 3rd Bedroom and family Bathroom. 7600 sf lot with 40 foot of dockage with Davit Pads. Enjoy the crystal clear water of Hammer Point and quick Ocean access via Tavernier Creek. Florida Keys Real Estate and Homes For Sale.
An extremely rare and stunning private island, accessible by car, Terras Key is a gated Caribbean Island located at Mile Marker 79.7 in Islamorada. Jutting into the blue-green waters of the Atlantic Ocean, Terras Key features a 2,000+- driveway enabling you to reach restaurants and shopping easily.Enjoy the conveniences of the modern world, including all utilities, while surrounded with the privacy of your own +15.5 Acre Island with miles of open water views and views of Alligator Reef Light. The compound includes 5 bedrooms and 4 baths, pool, cabana, dockage, and a tennis court. This extraordinary private island is a landmark in Islamorada and the Florida Keys and has not been offered for sale for over 27 years. Florida Keys Real Estate and Homes For Sale.
Great views of Snake Creek and out to the ocean from this beautiful 5 bedroom home on almost 1/2 acre of creekfront lot in Venetian Shores. Approximately 130 along Snake Creek and approximately 160 along the canal. Home features split level with 4 bedrooms on 1st level, large living/kitchen area with screened balcony on mid level and master bedroom on top level, all connected with soaring open foyer. Nice pool with spa, screened outdoor grilling area, 9 hole putt-putt golf course along creek and canal, large garage, davits and nicely landscaped grounds. Florida Keys Real Estate and Homes For Sale.
Sea Garden is located on an impressive landscaped 1.5 acre bayfront parcel sprinkled with orchids and boasts a highly unique bayside coral reef right behind the docks. This completely solar powered home has been built to last and offers over 120 of deep water dockage with 13k boat lift plus kayak/paddleboard ramp and floating dock. Three car garage with upstairs guest house is an added bonus to this already impeccable estate. Watch the bald eagles fly by, the painted sky sunsets and enjoy the natural surrounding beauty of the Florida Keys right from your back porch! 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.
The perfect house! This 2013 custom home has everything you need to live your island dreams; high ceilings, ample dockage with lift, pool, 3-car garage for your toys and storage and easy breezy deep water access to both the Florida Bay and Ocean via Channel 5 bridge. Excellent, open layout offers both an upstairs and downstairs master bedroom. 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.
Come home to Sunset Paradise! This exquisite new construction estate will excite the discerning buyer who is looking for quality, uniqueness and all the beauty the Florida Keys has to offer. Two fantastic homes totaling 7 bedrooms and 8.5 bathrooms situated on 2.75 acres of private property with expansive views of the gorgeous Florida Bay. Nestled among the lush tropical landscape, this property will not disappoint. The main house features 5 bedrooms, 6.5 bathrooms of solid concrete construction, elevator, gourmet kitchen and many high-end features. The guest cottage was renovated to feature 2 bedrooms with ensuite bathrooms, living room and kitchen all tastefully designed and decorated. Open water views, dockage, immediate access to the bay and easy access to the Atlantic Ocean! Florida Keys Real Estate and Homes For Sale.
Beautifully renovated 3 bedroom condominium in the Palms of Islamorada. Top floor end unit in southerly building with open ocean views. Walk to fine dining, great fishing boats, both offshore & back country, and a great diving/snorkeling operation. Large private balcony with view of Alligator Light. Unit has been converted to 2 bedroom but will be returned to 3 bedroom if Buyer desires. 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.