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.
Live the Island Lifestyle in this 3 Bedroom, 3.5 Bath home with 2099 Sq Ft of living area, covered porches, roof top deck with bay views, pool with heater, ice maker, hot tub, boat lift and electric gated entry, home generator, impact windows and doors. Offered for sale furnished and with a Golf Cart. Electric car charging station and RV parking on side of home, storage shed, bricked pool deck, and lush landscape and lighting. Call today to schedule your private showing. This may be the piece of paradise youve been looking for! 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.
Exceptional masonry pool home in Islamoradas sought after, Toll Gate Shores. This intimate water front community of exceptional homes boasts a private owners park serving less than 40 residences. The home has been updated throughout with exquisite baths, granite and stainless kitchen, vaulted ceilings, screen balcony overlooking dockage and pool area and garage. There are 2 spacious bedrooms with in suite baths on main level with interior stairs taking you down to 3 room used for 3rd bedroom or den. There is also a laundry room, bath, garage and access to pool and outside entertainment area. The heated pool has Western exposure and full pavered deck all around for sunning the afternoons away as well as outside wet bar. Come see what 126 Tollgate Lane has to offer today! Shown by appt. Florida Keys Real Estate and Homes For Sale.
Calling all families and friends looking for two separate complete living spaces Up and Down! 4 bedrooms and 2 baths, nearly 2,000 square feet of living space. Turn Key, completely updated and renovated waterfront home, including all new electrical and plumbing! Ocean side with direct ocean access. Located In Plantation Key (Islamorada) next to Tavernier Creek, this concrete home including the roof, boasts all impact glass windows , neutral porcelain tiles, custom wood cabinetry, open concept living with bar, Spa style bathrooms, granite counter tops, stainless appliances, extensive brick pavers, a fully fenced yard with custom aluminum work, professional landscaping, electric retractable sunshade, new outdoor kitchen with chiseled travertine , tiki hut at waters edge, 1 Hr to MIA. Florida Keys Real Estate and Homes For Sale.
The Luxury of Island Drive awaits you! Spectacular open water views are yours from this CBS home on an over-sized property with 1 1/2 lots located directly on Largo Sound in Key Largo. This tastefully updated home boasts impact windows, gated front entry, an open concept living area upstairs w/ two bedrooms & two full baths up and a legal and grandfathered in full apartment downstairs, including a large bedroom ,living area with views, entertaining area w/ granite bar, kitchen and another full bathroom, plus a garage. Solid concrete construction including the roof. Other features include light & bright tiled floors, white custom wood cabinets, plantation shutters, Corian kitchen counters up & granite down, indirect lighting, crown molding, Kitchen Aid and Samsung Appliances. 1 Hr. to MIA. 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 office on main level with an entire 3rd level master suite. Oceanfront pool, boat basin, tennis court and a multi-car garage completes this exclusive private property. Florida Keys Real Estate and Homes For Sale.
Hughs Haven. Offered for the first time in over two decades, this boaters paradise provides 200 feet of waterfront with two concrete docks and open-water bay views. CBS 3 bedroom, 3 bath home with game room, 2,400 sf living area and 416 sf garage. Interior elevator and new A/C. Large 14,400 +/- sq. ft. lot in Islamorada with new fish cleaning table, ample parking for vehicles and boat trailer; plus a large side yard with room for a pool. Located at MM 74 in Safety Harbor, Lower Matecumbe this gated property provides deep water at both concrete docks, boat lift, and boat ramp with direct Florida Bay or Atlantic Ocean boating access. This home awaits new owners who appreciate water sports, relaxation, and an island lifestyle. Florida Keys Real Estate and Homes For Sale.
Great opportunity to own a beautifully remodeled Ocean Front CBS home on Largo Sound! Enjoy sunrises and Ocean views from this 2 Story Garage home with upgrades to include a metal roof, custom recessed lighting, impact windows, porcelain tiled floors, plantation blinds, granite kitchen with custom white cabinets and stainless steel appliances, eat in bar and spacious great room. Enjoy the expansive water views overlooking the Sound from every room and deck on the east side. Use the interior staircase to go up to the 2nd level of guest bedroom, master bedroom suite and more outside porches with ocean views. Rare garage is a huge plus for storage. Plenty of room for a pool and summer kitchen with this fenced in yard. Florida Keys Real Estate and Homes For Sale.
No Damage From Irma ! This is one of the best values in all of the FL Keys! Only two owners, first owner/ builder was architect. Home has been completely upgraded and is ready to enjoy. Sit on your deck and watch the fish swim by, or wade out and hook up! This is a true beach house, with endless ocean views, silky sand beach and clear Atlantic waters to enjoy. If you have children, you can keep them entertained with sandcastle projects. This is one of the most sought after locations in the FL Keys. This home has the infrastructure to add a third floor for additional space and views. One bedroom bath up, with large laundry closet space, two bedrooms one bath down. Both levels offer large porches overlooking the Atlantic and the beautiful beach! Sunrise or Sunset this home has it all! 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. This luxurious estate home, on over 13,000 sq. ft. of ocean front land features ultimate privacy with superior CBS construction, a four car garage, electric shutters, electric gates, elevator, 5 central AC units and over 5500 square feet of living space on 3 levels. Majestic palms and the grand mahogany doors invite you into this four bedroom, five bath estate home filled with an abundance of natural light. 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.
Luxurious custom-built home with only the finest appointments has been perfected with modern touches and smart-home features. This water-front home boasts 130ft of dockage with open water views. As you enter this exquisitely designed home, by touch of your phone, you are greeted with an expansive living area. This level also boast the kitchen and dining area with custom cabinets and stainless steel appliances. On the next level are 2 large bedrooms and a full bath. Finally, on the 3rd level is the huge master bedroom with walk-in closet, master bathroom with whirlpool tub, and office/sitting area. Both the 1st and 3rd levels have terraces overlooking the pool and canal.More features to complete property include: 2 garages, gates with electric entry, privacy walls/gates, LED lighting. Florida Keys Real Estate and Homes For Sale.
Luxurious Waterfront Estate, Gorgeous Water Vistas of LARGO SOUND! LIKE NEW Custom Built on 2 Lots in 2007. Steel Reinforced CBS Concrete Home, Metal Roof, 3 Bedrooms-3 En Suite Bathrooms and a Bonus-Storage Room. Impact Windows and Doors. Elegant Master Suite, 600 Sq Ft Covered Patio. Exquisite Master Bath, Jacuzzi Tub, Walk-In Shower. At Ocean Side Entrance of Adams Cut, easy Ocean-Florida Bay access. Privately Landscaped 160 Ft of Waterfront and Deeded Bay Bottom, Boat Ramp, Sandy Beach, 1500 Sq Ft of Covered Open-Air Patios. Permit Approved 50 Ft Dock. Room for a Pool. World Class Gulf Stream Fishing in 20 minutes, Bay Flats in 5 minutes. Imagine only 1 Hour to Miami and the Miami International Airport. Beautiful Home, but wait until you see the MILLION DOLLAR VIEWS of LARGO SOUND! Florida Keys Real Estate and Homes For Sale.
SOUTHERN CROSS! Enjoy watching the sunset cross the horizon every day of the year from all three levels of this custom residence in Islamoradas Bay Hammock. Great attention to every detail will impress the most discriminating buyer. Beautiful brazilian hardwood floors, custom railings with pineapple inserts to frame the water views. 4 spacious bedrooms with en suite baths. Gourmet kitchen with 2 dishwashers, 2 ovens, 6 burner gas stovetop, center island, open floor plan to dining and living areas. 3rd level master suite & patio area overlooking the Bay, his/her walk-in closets. Guest suite & family room, foyer, garage, room for a pool. Dedicated 12 ft wide boat slip, use of boat ramp & observation sundeck in private gated community nestled in tropical hammock, directly on Florida Bay. Florida Keys Real Estate and Homes For Sale.
Spectacular private 4.33 acre estate on Upper Matecumbe Key. The setting offers spectacular sunrises, and ocean vistas that feature sunset colors reflecting off Alligator Lighthouse. The views bring mother nature to your door step. Launch your kayak and search for tailing bonefish, watch birds fly by or just sit back and relax. Florida Keys Real Estate and Homes For Sale.
Oceanfront property zoned Suburban Commercial perfect for anything from a wedding venue, with its allowance for vacation rentals, to a multitude of other commercial uses or purely a full time residence. This property has it all: a sandy beach, dockage, privacy, amazing views, and a pool. The second floor of the home offers a 3/2 living space overlooking the ocean plus an office. The first floor has two 1/1 apartments each with their own kitchen. Come see why this a great investment opportunity. Florida Keys Real Estate and Homes For Sale.
Prestigious Venetian Shores home with 70 feet of dockage & incredible boating access to the Ocean or Bay via Snake Creek. This spacious 5 bedroom, 4 bath home is well maintained & move-in ready. A new metal roof is a wonderful BONUS! This home features granite counter tops, stainless steel appliances, laundry on both levels, and an above flood downstairs living area with a kitchenette. Over 3,700 sq. ft. of living space & a wonderful floor plan makes this home truly a MUST SEE! Florida Keys Real Estate and Homes For Sale.
This stunning estate is uniquely designed featuring 10 bedrooms and 11.5 baths home is nestled on the Florida Bay in Key Largo. This secluded estate rests on just over 1 acre that is mesmerizing from the moment you enter the gate! The driveway is shared leading you to a tropical landscaped preserve and parking. Florida Keys Real Estate and Homes For Sale.
Lowest priced corner open water property with approx. 200 water frontage bayside on Plantation Key in Islamorada. 9,000sq ft. property , features a concrete custom 3 bed/2 1/2 bath, including Top floor private master ensuite & office, home. Other features include gated entrance, Parisian blue tile roof, garage, pool,84dock with davits & protected dockage. Freshly painted and restored to its original splendor with NEW impact glass windows and doors, screening and pool/privacy fence. Accordion shutters a plus. Originally plumbed for a Master Suite Wet Bar & Rooftop structured for a Widows Walk. Fabulous sunsets and incredible Bay vistas abound from over 2040of open & screened verandas. A true blank canvas waiting for you to personalize. Start living your dreams and Be the Lucky Buyer. Florida Keys Real Estate and Homes For Sale.
Open Oceanfront Estate with Deep Dockage on 1.5 Acres on Millionaires Row... Islamoradas premier address. Brand new dock with two new boat lifts to enjoy the best boating in the Keys! Spacious 4,103 s.f. home with 4 bedrooms, 3 full baths, a large heated pool, winding private driveway, and a soaring central atrium surrounded by walls of windows to frame the ocean view. Open ocean views from the living room, Florida room, porches, master bedroom and upstairs loft. Living room with wet bar and pass-through window to the gourmet kitchen and separate dining room, all with Saturnia stone floors. Direct boating access to the best offshore fishing and diving, plus quick Florida Bay access. RE Zoning allows weekly rentals for income potential. Call today! Florida Keys Real Estate and Homes For Sale.
Situated in one of the best positions in the area withbreathtaking sunset/sunrise views, six homes from the inlet, this 2-story gorgeous totally renovated home with warm contemporary style offers 5B/4B, 2 car garage, 3,200sqft with top-of-line features: 2 Trane ACs, new roof, all Miele kitchen appliances with Subzero fridge, white 24x48 marble downstairs, and wide modern oak wood floors upstairs, heated pool, Jacuzzi, all impact windows+Rolladen shutters. All renovations/structural work with permits to create an open space with waterfront views from all directions. Live in paradise + own a viable investment due to lot size & 250ft+/- water frontage in gated community-best biking/walking/boating/Association fee is optional. A knockdown across the canal on a similar lot sold close to 3mm. Florida Keys Real Estate and Homes For Sale.
BEAUTIFULLY UPDATED WATERFRONT POOL HOME! This home has been completely updated offering 3 bedrooms & 2 bathrooms, impact windows, awesome outside entertaining area with a gorgeous pool, 60 ft. of dock with boat lift, located in a great neighborhood with a bay front home owners park with a boat ramp & close to everything in the Village of Islamorada! This home will not last long! Florida Keys Real Estate and Homes For Sale.
Customize your bay front dream home on Plantation Boulevard in Islamorada! This home is undergoing a full renovation, going from traditional to coastal chic! Stunning sunsets, dockage, and a pool are just the beginning! Gated for privacy, this beautiful home has 5 bedrooms and 4 baths in the main house plus a pool cabana with a full bath that can be used as a 6th bedroom. Enjoy beautiful bay views from the kitchen and living areas and the 3rd floor master bedroom and balcony. The lower level is above the flood zone and is currently being used as a bedroom but could be a theater room or additional living and entertaining space. There is protected dockage as well as a jetty into the bay that is spectacular for lounging, sunset viewing, stepping onto your paddleboard or going snorkeling. Florida Keys Real Estate and Homes For Sale.
This magnificent estate embodies the very essences of luxury. A breathtaking beach home with sweeping ocean views, boasts of approximately 4,700 square feet with 6 bedrooms/6.5 baths.Passing through the gated entry, this extraordinary property was expertly designed to take in the ocean views from virtually every room. With an open concept floor plan, the great room includes a custom bar and dining area that opens onto a sweeping veranda. The Chefs kitchen features state of the art appliances, granite countertops, wine storage, and a walk-in pantry. The master suite encompasses the entire second floor with 180 degree views overlooking the pool, dock, and the beach. A separate poolside guest suite completes this island home estate. Make this home your island paradise! Florida Keys Real Estate and Homes For Sale.