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.
Ocean on the Cay ~ Extraordinarily designed home with a contemporary beach chic ambiance. Only on the Cay in Key Largo can you keep your yacht at your 100 foot dock and still enjoy the beauty of the open ocean from your home. Designed and built with integrity and a timeless easy elegance. Captains walk around the home on the second floor verandahs. New pool added in 2018 so you can take a dip while capturing the ocean views. Simple and understated interior with a staircase that leads to the second floor of main living, kitchen and bedrooms. Located in Ocean Cay, a luxury enclave of homes in a gated community in the sought after Upper Keys. Being situated nears oceans end allows for extra wide navigation only enjoyed by the end lots, premium Cay location. Florida Keys Real Estate and Homes For Sale.
Villa Morada. Enjoy the phenomenal Islamorada lifestyle in this just completed Home! Everything New! 3 Bedrooms / 2 Baths upstairs and lovely, legal 1/1 guest suite, downstairs with separate entry. Stunning open stainless and granite kitchen, huge Living Room. Metal Roof, Rare Garage, and full Veranda overlooking the picturesque canal help make this home special. This Keys Oasis is ideal for entertaining. With 70 Feet of dockage. and super proximity to both Florida Bay/ Gulf and the Ocean, your boat can spirit you away to world class fishing and diving. Fantastic White Marlin Beach Community with its own rare sandy beach! THIS is your Bucket List Opportunity! Florida Keys Real Estate and Homes For Sale.
This BREATH-TAKING ocean front, new construction home is nestled behind 6 ft privacy gates. Walk into an expansive, blank canvas, open concept great room & make it your own! Kitchen showcases marble waterfall counters & large island, wood cabinets and soft close hardware. High end, ceramic drift wood style tile floors throughout the entire living area. All windows and doors are hurricane/ impact proof. 11 Ft ceilings in the great room & 10 Ft throughout. 3 of the 5 bedrooms have an-suite bathrooms. Multiple french doors overlook the pristine sandy beach & ocean. All exterior porches are made with TREX flooring material & custom made aluminum railings. Pool with sundeck & spa overlook your private beach & ocean. Relax & enjoy your island paradise. Bring your buyers and make an offer! Florida Keys Real Estate and Homes For Sale.
Through a long winding and manicured driveway off of the Old Highway you will enter this exquisite Seaside Villa located on Plantation Key in Islamorada, FL. Sitting on 2 acres, this Atlantic Ocean facing property has 170ft.of shoreline and sandy beach, a rare find in the Florida Keys. Step up the imperial staircase into the breathtaking great room with commanding views overlooking the ocean featuring 5839 sq ft plus an additional 2387 sq ft on the ground floor for a total of 8,226 sq ft. of grand living space with 3 levels offering 6 bedrooms, 4 bathrooms, and 1 half bath with an additional 1 bedroom en suite, 1 full bath and 1 half bath on ground level. The distinctive features of this home consist of exquisite wood and marble floors, 8 high solid wood doors, ironwork fixtures, imported 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.
Best value in Port Largo at $305 per square foot (less than what it would cost to build). Some people look for a beautiful place, others make a place beautiful, heres your chance! Located in Port Largo, this is a diamond in the rough...with great bones. This home offers the perfect canvas for your personal updates. Boasting over 3,800 sq ft, a great floor plan, 5 bedrooms, pool , privacy gates and 75 ft of deep water dockage, this property has all the essentials for a great investment and ultimately a perfect keys retreat. 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.
BIG PRICE REDUCTION!!! Brand New Construction with all the bells and whistles. Waterfront 5/3 with storage, pool. 60 dock with boat lift, plenty of room for all your toys. Direct access to the ocean. Florida Keys Real Estate and Homes For Sale.
ENDLESS POSSIBILITIES AND VIEWS BEYOND COMPARE! Great clean, flowing canal! Sensational Canal and Bay Views everywhere! Oversize pool home with fabulous dockage, plus private ramp situated on nearly 1/3 acre of land. Top floor is beautifully appointed. Second floor is a blank canvas waiting for your designer flair. This home has good vibes ~ make it your family compound!!! Fully fenced, carport, and plenty of storage down. Enjoy the in-ground pool and bay breezes! Go out boating with easy Bay access and Close to Adams Cut for Ocean access! Close to shopping, restaurants and all the modern conveniences. Florida Keys Real Estate and Homes For Sale.
SANCTUARY BEACH HOUSE- This unique Islamorada residence is supremely located on the Florida Bay with year-round sunset views. Tranquil, natural beauty embraces the beautiful azure waters which create a breathtaking backdrop for this beach-style home. One and a half lots on the bay feature a lush tropical vegetation, great lawn, large pool and spa, sandy beach, protected deep-water boat basin with boat ramp, Jacuzzi deck and rock pond with bridge. Once you enter through one of the two electric gated entrances, you are immediately struck by the privacy and tranquility, hence the name Sanctuary. This residence affords stunning, vast panoramas of the Florida Bay. Open and enclosed patios and porches offer abundant opportunities to relax in the sun or the shade. 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.
NEWER ALL CONCRETE TRI-LEVEL WATERFRONT HOME offering direct OCEAN ACCESS and easy bay access through Tavernier Creek. Concrete dock with boat lift and davits. Spacious 4bd/3ba; 3bd/2ba on second level, master bed/bath on third level plus an elevator. Large open balconies off 2nd and 3rd floors and a roof top deck to enjoy beautiful oceanviews! This home has so much to offer! Florida Keys Real Estate and Homes For Sale.
Enjoy the Beautiful Florida Keys in Port Largo Community. Two Story 5/5 Single Family home, great for a big family. Looks like 2 homes, 3/3 upstairs, 2/2 downstairs each with separate entrance. Comes Furnished, Pool, Tiki Huts, 75 Foot Dock, Boat lift and davits, 30 Foot Canal Depth. 2 minutes from the ocean . Walk to several bars, restaurants and diving facilities. Great potential for rental income. Florida Keys Real Estate and Homes For Sale.
Fabulous Port Largo! Contemporary and charming 2-story, canalfront 4b/4b house in great community in Key Largo. Ocean View from the Master Bedroom. Quick and easy access to the ocean. Jacob Center steps away with olympic pool, childrens playground and tennis courts. Getaway to this private, peaceful but vibrant Key Largo community. Enjoy fishing, boating, or just relax in the sunny tropical breezes. Florida Keys Real Estate and Homes For Sale.
Architecturally inspired by Italian Old World charm, this modern Mediterranean oceanfront estate is situated on a peninsula on the Atlantic Ocean in exclusive Ocean Cay, Key Largo. On over a half-acre of oceanfront land, this luxurious, private home features superior concrete construction, a four-car garage, a 200-foot dock, electric shutters, electric gates, an elevator, five central air conditioning units, and over 5,500 square feet of living space on three levels. Majestic palm trees and grand mahogany doors invite you into this four-bedroom, five-bathroom estate filled with an abundance of natural light. The focal point of the homes main living level is the panoramic views of the Atlantic Ocean through glass doors opening to expansive oceanfront terraces. Possible owner financing. Florida Keys Real Estate and Homes For Sale.
This newly remodeled home truly offers an incredible setting. This home is the 5th home in from the Bay, and is move in ready. This 4 bedroom and 3 baths Waterfront, Pool home with Garage is in immaculate condition. Beautiful white Kitchen offers Quartz counters and Stainless appliances. Additional features, modern white porcelain tile throughout, impact resistance windows and doors, metal roof, heated pool. First level offers a resort like entertaining setting with gorgeous summer kitchen, bar area, dining area, sitting area with TV, and lounging area or sun bathing. Second level offers the Kitchen, Dining, living, laundry, 1 bedroom and 1 full bath. Elegant dark wood stairway leads you to 3rd floor foyer with huge master bedroom suite, 2 additional bedrooms and 1 full bath. Florida Keys Real Estate and Homes For Sale.
Abundance Galore! Custom built, beautifully appointed and spacious 8 Bedrooms, 5 Baths and 2 Half Baths, CBS home, located in the desirable, waterfront community of prestigious Port Antigua which features an expansive, almost 1,000 feet of white, sandy beach. This is a unique home. Although built as a single-family home, it can function as a duplex to accommodate a large, extended family or group of friends, with a common 1st floor entertainment area with 2 bedrooms, 4 bedrooms on the 2nd level and two master bedrooms on the 3rd level. A total of 4 bedrooms on each side, completely private and locked off from the other side if one so desires. Florida Keys Real Estate and Homes For Sale.
NEW LOOK, NEW PRICE, EASY & READY TO SHOW! Exquisite Waterfront Pool Home with 100ft. of Dock! This elegant home features 5 bedrooms, 4 bathrooms, including 2 master suites, rich mahogany wood stair cases, porcelain tile floors, gourmet state of the art kitchen, custom built pool with heater & chiller, 33,000 lb boat lift, 100ft. of dock with electric & water, outstanding views of Snake Creek, 3 separate garages, batting cage, workshop, storage galore, gated entrance, & generator located in beautiful Venetian Shores. This one of a kind home has it all! Florida Keys Real Estate and Homes For Sale.
Light & bright unique beachy style creates a fun & inviting 3 story home. A must see makeover offering calming coastal atmosphere perfect for kicking back & relaxing. Offering a bedroom and bath on each floor for a total of 3 bedrooms, 3 baths. Entertaining is easy with new wet-bar with quartz counters & tile floors on 1st floor leading to large tiki. Porch off main level with new kitchen has granite & stainless steel appliances. Gorgeous travertine tile floors & showers. Roof top balcony off the private master bedroom. 75 of dock, 15k lb boat lift & davits on deep direct ocean access. All concrete house including concrete roof, impact resistant windows & doors. Garage &, plenty of parking, room to add pool, store an RV and so much more. Privacy wall on each side. Florida Keys Real Estate and Homes For Sale.
9-26-19 REDUCED $100,000...This is the perfect home for an extended family with a total of 5 bedrooms and 4 baths with 100 of dockage located in Islamoradas premier neighborhood of Venetian Shores. The main level features an inside foyer and staircase, vaulted living room that opens to a private balcony, updated granite & s.s. kitchen, 3 BRs, 2 BAs (2 Guest BRs plus Mstr Suite - split floorplan - updated baths), and a large terrace with outdoor kitchen + 10 person spa! Theres also a 3rd level loft/family room. Downstairs are 2 Guest Apartments - legally permitted and above flood, 2 car garage, storage room, and a large covered area perfect for games, dining, whatever you dream of! Room for your & your friends boats and minutes to the ocean or bay via Snake Creek. 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.
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.
Come see this charming Port Largo pool home with 75 ft of concrete dockage and direct, deep ocean access. Youll love the cozy layout of this homes 3 bedrooms and 2 baths, with its expansive terrace overlooking the pool and water-front. The downstairs offers a great storage area along with plenty of room to entertain and unwind. The pool, gazebo and bar area, with a privacy wall, offers the perfect backdrop for the laid back Keys lifestyle. It is situated in one of the best neighborhoods in the Upper Keys, with a homeowners park (boat ramp, community dockage and beach) AND a community park (tennis, basketball courts, jogging track and much more). This property is located only 50 minutes from Miami; but yet is worlds away. Florida Keys Real Estate and Homes For Sale.
The turquoise waters of the Atlantic Ocean are the backdrop to this spacious oceanfront retreat on over two acres. The moment you enter through the grand port cochere and double entry doors, youll be greeted by views of the ocean. In fact, the ocean provides a stunning backdrop for the living room, kitchen, home office, master bedroom, and breakfast nook. To feel the ocean breezes, look no further than the large covered porch. Two guest bedrooms and a spacious master suite provide ample accommodations. The ensuite master bath has a large jetted soaking tub and separate walk-in shower. Each guest rooms share a common bathroom, with large-walk-in shower. Youll also find a large laundry room, with a place for ironing and shelving for all of your storage needs. 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.