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.
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.
Luxury resort-style Estate Features Four (4) Custom Homes. Live in Ultimate Privacy on approximately 5 Acres. Own it all or share it with family members. Every Bedroom is King-Size Master Suite Quality with Full En-Suite Baths. Welcome to PARADISE Cove a Gated Oasis adjacent to a 30 Acre Mangrove Preserve. Live with Beauty, Privacy, and Tranquility. Live Extraordinary with Absolutely Beautiful 180 degree Atlantic Ocean Views. Live a Mariners Dream with a Private 9 Boat Slip Marina in a Private Channel. Own Bay Bottom. Includes a Clubhouse and a Workshop with room for all your toys. . Currently some of the homes are part of a Successful Luxury Vacation Rental program. Parking for 10+ Vehicles Florida Keys Real Estate and Homes For Sale.
Luxury Waterfront Islamorada Pool Home with Dockage & Elevator! This solidly-constructed, completely custom 4BD/4BA was meticulously designed with high-end finishes and artistic one-of-a-kind touches that make this waterfront home truly unique. Designed with wow-factor curb appeal, the spacious 3,365 sf home is privately gated with a paver driveway curving under an elegant porte-cochere. This concrete fortress also has impact windows and doors on all 3 living levels with both interior central stairs and an elevator. Theres also a large integrated garage with side storage for toys. Desirable Kahiki Harbor neighborhood provides direct boating access to the ocean and bay via Tavernier Creek for the best boating in the Keys. Designed by David Harum, this distinctive home is a must see! Florida Keys Real Estate and Homes For Sale.
Island Dream Ocean View Pool Home with Deeded 40 ft boat slip. Ocean Views from all Floors. Rooftop sun deck. Travertine marble floors, granite counters, over 300 sq. ft. of open balconies with ocean views from most. 3/2 concrete home with 15 x 30 pool. Spacious master suite with tongue & groove ceilings. Wall & gated entrance. Garage, Boat slip is 200 ft. from ocean. Beautifully landscaped in great area with direct ocean access to world class fishing and diving. Centrally located with various bars and restaurants just blocks away. Florida Keys Real Estate and Homes For Sale.
An abundance of luxury and elegance in this one of a kind Ocean view estate! With almost 7400sf of open concept living space & BREATHTAKING oceans views & sunrises, this property has all the amenities you need for Florida Keys living. The spacious home has 6 bedrooms, 8 bathrooms. The Grand foyer entrance and wrought iron railings are just the beginning of the quality and luxurious finishes that you will see throughout this home, that makes this a truly unique find in the Keys. The interior features include a home theater, elevator, custom built bar, solid wood cabinetry throughout, marble and granite counter tops/vanities and stainless steel appliances, marble and Travertine floors and exquisite furnishing and decor from a Miami designer to name a few! 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.
BEACH CHIC is the perfect casual modern retreat. This stunning CBS pool home has been recently elegantly renovated. Open floor plan with soaring high ceilings, gourmet kitchen, quartz counters & island-bar. Features Coral Stone accent walls, driftwood lighting in dining area, buffet & wall of windows with natural lighting. Impeccable layout offers 3 spacious bedrooms, wood look tile floors, impact windows & doors with concrete roof. 70 concrete dock has 24k LB boat lift with deep & direct ocean access. Gated entrance with covered parking and large breezeway for entertaining. Large playroom & wet-bar on 1st floor. Gorgeous lush landscaping located in prestigious neighborhood, within minutes to great local restaurants & bars. Only 1 hour from Miami. Possible seller financing. Florida Keys Real Estate and Homes For Sale.
This is an incredible real estate land opportunity on the ocean side of Plantation Key known as Plantation Point South. This 9-acre, estate property boasts of approximately 750 feet of shoreline bordering a secluded, conservation parkland with a sandy beach. Build your new, custom home high atop terraced land, positioned to take full advantage of the propertys spectacular ocean views. The elevation of this building site allows for ground level construction making it the perfect setting for a family compound to pass down to future generations. Approximately 400 feet of sandy beach below offers an abundance of sky-high coconut palms with permit to add a pier leading to your very private oceanfront observation platform with a day bed. 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.
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.
Hard to find a property like this! 1 canal from the Ocean. This 4B/3B home screams Key Largo from the moment you enter and discover every nook and cranny. Spacious open living and entertainment area combined, complete with Nautical Style Chefs Galley Kitchen loaded with goodies. Custom Bar built to fit. Living area opens up to a 440sf screened patio with built in stainless gas grill. This home comes completely furnished, check out the loft with pool table and a private balcony. 20 x 32 Covered Boat slip with 2 boat lifts & overhead lighting. Just 15 minutes to Molasses Reef once you crank the motors! Completely Fenced, walled and Gated with Custom Designer Gate. Come to Key Largo and call for an appointment! Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
***OWNER MOTIVATED***Welcome to Paradise! Perfectly nestled on a canal only three minutes away to the Gulf is this amazing Stillwright Point Home.As you entered the perfectly manicured landscaping greets you with all it warmth and privacy. There is the exquisitely and tastefully remodeled house with 3 bedrooms and 2 1/2 baths, soaring vaulted ceilings and a magnificent roof-top deck for all year sunsets view. Enjoy the serenity of the indoor heated pool and the quite beauty of its terrace. This three level retreat captures the essence of the Keys lifestyle. Nothing spared on this home. Come and SEA it for yourself. Your buyer would not regret it. Happiness is a sunrise over BLUE WATERS Florida Keys Real Estate and Homes For Sale.
Tucked away on two exquisite oceanfront acres with sandy beach is this perfect island retreat. Lush tropical gardens with tall coconut palms cocoon the 5 bedroom, 5 1/2 bath 4700SF residence plus separate poolside guest quarters. A welcoming foyer opens to a showcase stairway which leads to the top floor master suite with private oceanfront balcony and spacious master bath with double walk-in closets.The open living area with endless ocean views boasts exquisite finishes such as tiled custom bar, polished porcelain tile floors, and soothing colors reflecting the casual Keys life style. The gorgeous kitchen features a granite-topped island with high quality appliances, a pantry and laundry room. Wrap-around porches offer lazy ocean gazing over the sandy beach to the sparkling Atlantic... Florida Keys Real Estate and Homes For Sale.
Premier Waterfront Neighborhood, Venetian Shores! Custom built, solid concrete construction home with newer metal roof, featuring 2254 sq. ft. of living area, offering 3 bedrooms, 3 baths, there are 2 bedrooms and 2 baths on the upper level plus a separate entry very spacious guest quarters on the lower level with large living room area, spacious bedroom, full bathroom, kitchenette, separate A/C with sliding doors that lead to the inviting patio and dock. Upper level features a beautiful custom cabinetry kitchen high end stainless appliances & solid granite counters. Master suite boasts water views, beautiful marble shower, & dual custom closets. Other features include new hurricane impact windows and sliding doors (upper level) recessed lighting, travertine tile, crown moldings 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.
Beautiful Mediterranean-Style Custom Pool Home with 80 ft., of dock with deep water ocean access. This home has an excellent floor plan. DOWNSTAIRS: 2 spacious bedrooms, 1.5 bath, den used as an office can be 3rd bedroom or Rec Room. Unique living space for Multi-generational living. Kitchen with Extra-long granite peninsula with double pantry, Expansive Family Room with cozy fireplace and many built-ins. Formal Dining Room, Living Room with 20-foot ceiling. Wet bar in the patio area off of the living room. THROUGHOUT THE HOME: Large windows for plenty of natural light, UPSTAIRS: Over-sized master bedroom with 2 balconies, Master Bath is spacious, generous sized walk-in closet, Sitting Area & another room can be library or media room. OUTSIDE: Low-maintenance backyard, 2CG,Pavers 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.
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.
Unparalleled best describes Casa Sonrisa. Perfectly positioned in the prestigious ocean-front and gated community of Ocean Cay, this estate boasts 100 ft of deep water dockage with direct ocean access. Certain features separate Casa Sonrisa from all the rest. Its dockage is nestled within a large basin for easy and comfortable navigation for larger vessels. Another truly distinctive highlight is the adjacent Glass house. This separate but connected addition to the main house, takes full advantage of living on the ocean. With its full bath and amazing open water views this is the perfect place to entertain. The main house has 3 living areas. The ground floor has a large recreation area at pools edge, a full bath and a large bedroom. The second floor has the main living ar Florida Keys Real Estate and Homes For Sale.
A one-of-a-kind 4.33-acre estate on Upper Matecumbe Key. Enter the gate and follow the classic brick driveway to one of Islamoradas most private settings. The main house, which is above the flood zone, offers two bedrooms and two-and-a-half bathrooms, featuring high beamed ceilings, tile floors, and ocean views. A guest cottage offers one bedroom, one bathroom, and a large sitting room. Watch the colors of beautiful sunrises and incredible sunsets reflect off Alligator Lighthouse from all rooms. Look for tailing bonefish and wading birds, or just sit by the pool and relax--Mother Nature is your living room. A caretakers cottage as well as a guest cottage can be added to the property as of right. Two additional lots have the possibility to be rezoned. Florida Keys Real Estate and Homes For Sale.
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 13,000 square feet of oceanfront land, this luxurious, private home features superior concrete block construction, a four-car garage, 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. Florida Keys Real Estate and Homes For Sale.
Escape to carefree, amenity rich living and boating at Key Largos Mariners Club. This luxurious oceanfront ground floor Sailfish unit offers spectacular direct views of the Atlantic Ocean and very close proximity to your 60 boat slip. The spacious 2,635 square foot living area is designed with rich finishes and expansive living areas, including a covered oceanfront veranda to enjoy the water views. You and your guests will have plenty of room to relax with three bedrooms, three baths, a bonus room, and a professional kitchen. Enjoy your choice of swimming pools, play tennis and pickle ball, stay fit at the fitness club, and even host a family or corporate gathering at the clubs conference facilities. This unit is island living at its best in Key Largo. 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.