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.
An oceanfront, modern, three-story home located on Largo Sound. Each level of this resort-like home features spacious wraparound porches with breathtaking ocean views. Enjoy the protected dockage and serene waters off Largo Sound. The solid concrete roof, and impact windows and doors give added security and peace of mind. This completely updated four-bedroom, 3-bathroom home offers concrete block construction, two waterfront living levels, a wood staircase, an elevator to all levels, and a custom white kitchen with granite countertops and an island. Theres a separate entrance to the third level if desired. Add a summer kitchen, a bar, or a backyard pool to complement this warm-weather oasis. Entertain family and guests up on the rooftop deck or down on the ground level. 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.
Extraordinary canal front home! This stylish all concrete home features the rare combination of 5 bedrooms and 5.5 baths. Imagine entertaining guests in the chefs kitchen featuring a walk around granite island with Sub Zero and DCS appliances. All three incredible living levels are accessed by a stunning exotic wood staircase, which begins in the downstairs entry and ends in the expansive third floor master suite. Walk barefoot on the cool travertine marble floors on your way to the private concrete rooftop deck with panoramic ocean views. In addition, on the first level entry is a theatre room, legal 1/1 guest suite, tackle room, and abundant storage. Start your motors and you are in Tavernier Creek within 5 minutes for Atlantic and Florida Bay fishing. Florida Keys Real Estate and Homes For Sale.
Fantastic Ocean front home completely remodeled! 3/2 on main level with pre-Fema 1/1 downstairs, boat basin, concrete pier and garage. Ideally located between the Luxury Playa Largo Residences and the Mariners Club. Unbeatable direct ocean views at this price! Florida Keys Real Estate and Homes For Sale.
This parcel to be sold together only with contiguous parcel@ 95325 Overseas Hwy, AK#1592986,RE#00483360 000000 13 62 38 PT TR 5&6 SOUTHCLIFF ESTS PB2-45 & PT GOV LOT 1 & ADJ BAY,3.24 acres for grand total of 9.36 acres. Includes 1137 sf 1970 2/1 cbs home metal roof. Broker part owner/family owned. This unique wooded acreage has a deep basin with dolphin piling and channel directly on the ocean. Residential use (non-conforming) now, but commercial zoning.Best approval rating via Monroe County is MIXED-USE COMMERCIAL development. *Includes data for both parcels and for taxes. This is a duplicate listing also found in MLS as Commercial #579482, as both uses permitted. Florida Keys Real Estate and Homes For Sale.
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.
OCEAN VIEWS! CBS Home with Concrete Roof, Impact Windows & Doors. Cut in boat slip 22 X 36. Third lot in from Ocean. Granite & Quartz kitchen w white cabinetry. Spacious living areas. Each Bedroom has its own Bathroom. 2Bd/2Ba each floor with inside stairway and separate entrances to each floor. Can be used for a large family or 2 families. Ground level storage room. Direct Ocean access canal at MM 100 location. 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.
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.
RARE FIND, GATED, SPECTACULAR BAYFRONT PROPERTY IN PRIME LOCATION. Just what you have been waiting for...a bayfront beauty! HUGE LOT. Large, deep, lush property with beautiful water & views. Extraordinary opportunity to enjoy, make your own and lots of room to build your dream home/guest home! BEAUTIFULLY APPOINTED & GATED - OPEN BAY VIEWS & SUNSETS! Walk to the Sailboat club, restaurants and shops. Florida Keys Real Estate and Homes For Sale.
ANCHORS AWEIGH - 140 of deep-water, protected, concrete/paved dockage is enjoyed at this serenely secluded property with sunset views. It is rare to find 2 adjoining lots in Venetian Shores with beautiful bay views, and convenient, direct access to Snake Creek. Remodeled in 2005 & designed to take advantage of magnificent views from every level. Downstairs rec room also used as 5th bedroom. Florida Keys Real Estate and Homes For Sale.
Inviting contemporary beach house with stunning unobstructed ocean views from every room. This private gated beachfront setting offers an open great room, beautifully appointed island kitchen and formal dining, sun-drenched with natural lighting, designed with colors to mirror the soothing views of water and sky. The three en suite bedrooms offer private accommodations for guests or family. The master suite includes ocean views from bedroom and sumptuous bath, featuring a soaking tub and all glass shower, double vanities, and two walk-in closets. This homes solid all concrete construction is artfully designed to mimic the 100 foot shoreline, capturing the prevailing breezes and taking full advantage of the perfect space. Balconies line the entire ocean side of the upstairs. Florida Keys Real Estate and Homes For Sale.
What an incredible location with endless views of the bay and deep water dock! This is a corner lot with water on 2 sides, 200 Ft +/- of concrete protected dockage, a boat slip, T dock and jet ski davit . Solid concrete construction including the roof. Expansive glass on the waterside of the house maximizes the incredible views. Large open concept entertainment area and tiled floors throughout. Expansive master suite encompasses the second floor and includes a master sitting area, bedroom with bay views, exterior concrete roof deck, and en suite bath. There is a concrete storage building, outdoor shower, accordion shutters, private boat ramp and a beautiful electric privacy gate. This is a wonderful island retreat, only 1 hour to MIA and yet a tropical world away! 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.
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.
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.
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.
SUPERB LOCATION in desirable Venetian Shores, one property in from Snake Creek, DEEP-WATER DOCKAGE and immediate OCEAN/BAY access! Recently beautifully remodeled, spacious 5bd/5.5ba, rec room on 3rd floor, crows nest on 4th floor offering Snake Creek views, guest apartment on ground level with screened porch, large screened porch off kitchen and living area, 27 ceiling height in great room, fireplace, impact windows, multiple porches, 1000sqft four car garage with storage room, 100x12 concrete dockage with 50/30 amp service. Attractive new brick-paved driveway and new landscaping. This property has so much to offer for you to enjoy the FL Keys Lifestyle! Florida Keys Real Estate and Homes For Sale.
Enjoy astounding views upon entering this estate home with soaring ceilings and floor-to-ceiling windows. The home is set on nearly a half-acre lot and offers eight bedrooms and six-and-a-half bathrooms. Views of Snake Creek and the ocean beyond can be seen from screened-in balconies on all three levels. A beautiful screened-in pool and spa, 100 feet of protected dockage and mature tropical landscaping with lighting complement the outdoor oasis. The home is complete with a double four-car garage, separate guest quarters, an elevator, and a gated driveway. Florida Keys Real Estate and Homes For Sale.
Feel the Ocean breeze in this Oceanside concrete home with concrete roof in secluded neighborhood featuring superior dockage for yachts and sailboats with direct ocean access. Beautiful outdoor kitchen and bath, 2/1 up & separate 2/1 down includes furnishings. Ample storage areas, paved and well maintained. Just bring your toothbrush and your boats, this great location is just minutes to world class fishing and diving. On wide canal with boat lift. Florida Keys Real Estate and Homes For Sale.
Luxury awaits in this oceanfront pool home with panoramic ocean views that will take your breath away. Recently updated this elegant home features 4 Bedrooms/5 Baths that includes 2 Master En Suites for added privacy. Relax in the in ground pool or hot tub oceanside while enjoying panoramic views and keys breezes. This home also has a 2 car garage, a large indoor/outdoor entertaining area w/ full bar, a cabana bathroom and an incredible 295 T Dock with private boat lift. This home exudes luxury living. Great for entertaining and access to your favorite fishing spots and boating adventures. This home comes fully furnished and is move in ready. Florida Keys Real Estate and Homes For Sale.
Prestigious Port Largo homeCalling all BIG boaters, 3 story Substantial Island home in Port Largo greets you with its grand entrance, stairwell and soaring ceilings. 75 feet of deep water dockage and direct ocean access within mere minutes. Gated entry, brick paver driveway and concrete wall for fencing, adds to the grandeur of this home. Outdoor kitchen for dockside entertaining. As beautiful as the stairwell is, no need to take the stairs with an elevator to access all three levels. The bedrooms are all spacious with emphasis on the extra large master suite over looking the ocean. New kitchen with all the bells and whistles that a chef would enjoy. Extra large laundry room. Sought after concrete roof with a rooftop deck to enjoy the views.. Florida Keys Real Estate and Homes For Sale.
Exclusive gated oceanfront condo in the heart of Islamorada. This one-story residence offers three bedrooms and two bathrooms, and is in turnkey condition. The property also has covered parking and an excellent rental history. Amenities include a sandy beach, a beautiful new pool, and a convenient location near shops, dining, the Arts District, and marinas that will book fishing and diving excursions. 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.