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.
GORGEOUS UPDATED 3/2 WATERFRONT HOME IN PLANTATION KEY COLONY. THIS HOME UNDERWENT A FULL RENO IN 2018. THE HOME HAS BEAUTIFUL CATHEDRAL CEILINGS, BRAND NEW METAL ROOF, FULL CBS CONSTRUCTION, IMPACT WINDOWS & DOORS, BEAUTIFUL HIGH END KITCHEN W/ JENN AIR APPLIANCES & MARBLE AND QUARTZ FINISHES. THE RENO TOOK THE HOME DOWN TO THE SLAB AND BLOCK. EVERYTHING INCLUDING THE PLUMBING AND ELECTRIC IS BRAND NEW. BEHIND THE HOME IS A 50 MARBLE DOCK W/ POWER & WATER AND THERE IS A BEAUTIFUL FRONT PORCH AND PATIO AREA. THE HOME IS LOCATED IN A GREAT BAY FRONT COMMUNITY WITH OWNERS PARK AND BOAT RAMP FOR JUST $150 PER YEAR MAINT. THE CANAL IS JUST SOUTH OF TAVERNIER CREEK W/ GREAT BAY & OCEAN ACCESS. NEAR LOTS OF GREAT RESTAURANTS. LOT IS 125 X 50 WITH PLENTY OF PARKING FOR VEHICLES AND TRAILERS Florida Keys Real Estate and Homes For Sale.
Tucked away in the exclusive Plantation Lake Estates private and gated community, this 3B/3B, immaculate gem is the perfect island retreat. This impressive, Islamorada garden house is situated in the most tranquil setting with expansive lake-front views from all levels, including the expansive Widows Walk. Deep-water dockage, straight shot out to the open ocean, plus easy access to the bay via Snake Creek. 2B/2B, plus loft upstairs and a full 1B/1B plus kitchenette downstairs. Storage galore inside and outside. House is set up to receive generator power. Included in the real property sale price is the bromeliad & most of the orchid collection and all attached to trees staghorn ferns. Some furniture negotiable. Florida Keys Real Estate and Homes For Sale.
Enjoy the ultimate in modern luxury at this architecturally striking brand new home in Port Antigua. This custom built home was designed with meticulous attention to every detail. Enter the home and look through the expansive sliding glass doors out to the salt system pool and 60 ft. concrete dock. Other custom features include a 3 stop elevator, Italian porcelain tile throughout, quartz countertops and gourmet kitchen with Thermador refrigerator, freezer and wine columns with auto door opening and a large center island with waterfall edge and storage on both sides. After a fun day on the water relax in the pool or spa or cook up the days catch in your well appointed kitchen. Youll sleep well in your 3rd floor master suite with a soaking tub and separate shower. The 3rd floor has Florida Keys Real Estate and Homes For Sale.
All concrete home with amazing bayviews from everywhere. This is a three story home on a very unique lot with protected dockage and incredible bay views from across the street, and views of hurricane harbor from the back side. This home offers a total of 3 bedrooms and 2 baths and it is laid out as follows 2 bedrooms and 1 bath, are on the third level and 1 bedroom, and 1 bath, living area, dining and open kitchen, laundry room on the second level. There is also a roof top deck overlooking the bay with amazing Sunsets. This home has approximately 150 feet of water front/canal front, and on the street side has approximately 140 degrees of bayviews. Dock has approximately 69 feet of wood dock with two davits. Your views are over the big homeowners park, with nice chickee, beach area Florida Keys Real Estate and Homes For Sale.
This Port Antigua home has an open floor plan, high ceilings, granite counter tops and a wonderful layout! With travertine marble floors throughout, this tastefully finished home, is ready for a new family to enjoy. 3 Bedrooms and 2 baths on the main living level with another bedroom and bath on the ground level. The downstairs is above flood and permitted, making this a large home for guests and extended family to share! The backyard is accented with pavers and leads to the 60 ft. concrete dock with a 20,000 lb. boatlift. The carport and garage give protected storage for golf carts, jet skis, etc. The Port Antigua neighborhood offers a beautiful sandy beach with tiki huts and BBQ grills for property owners as well as a boat ramp within the community. Florida Keys Real Estate and Homes For Sale.
Nestled in six tropical acres on the bay in Islamorada on Lower Matecumbe Key is this rare parcel boasting almost 600 ft. of white sand beach with dockage. This spectacular private estate offers 6,198 sq. ft. of living space with six bedrooms and six and one-half baths in the main house. The guest home offers an additional 418 sq. ft with one bedroom and one bath. Enter this serene property through a private driveway cocooned by lush tropical landscaping until arriving on the doorstep of this stately island-style residence. The distinctive design and craftsmanship are evident upon entering this grand home. This one-of-a-kind estate home was designed to take in the captivating bay views from every room. Offering an elegant living room, formal dining room, comfortable family room and Florida Keys Real Estate and Homes For Sale.
Magnificent ocean view A gorgeous, comfortable and spacious brand new home located in a tranquil cul-de-sac setting. Delight in an ocean sunrise over breakfast in the stunning kitchen with large central island and large picture windows. This shiny new home has multiple living and entertaining areas offering space for family and friends. Features an elevator, 1/1 on 1st floor, and 3/2 upstairs. All rooms have generous light & space. Youll love the sense of space. 40ft of concrete dock with deep water access & straight shot out to the ocean. Covered paved parking. Must see to believe! Florida Keys Real Estate and Homes For Sale.
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 opportunity to acquire a quarter of an acre private stellar custom home located in the quiet pristine Sugarloaf Shores neighborhood. Gated and secure for privacy, this 2 story CBS property features a sunny Florida room entry with hardwood floors, upgraded kitchen with stainless steel appliances, incredible 3 bedrooms with en suite bathrooms, accommodates up to 4 cars, room for a game area, formal dining room overlooking premium water views, detached enclosed Orchid house, large entertainers yard with mature landscaping, with canal front. A boaters dream! The possibilities and potentials are endless. This one-of-a-kind property, in a world-class location. Florida Keys Real Estate and Homes For Sale.
Oceanfront Elegance! You can have it all, oceanfront location, architecturally unique custom designed home and deep water dockage. Situated in one of the most notable and desirable residential enclaves in the Florida Keys. This luxury home custom designed by the owners with superior features and substantial construction nestled among swaying palm trees and other tropical foliage. You are immediately impressed when entering this home, the soaring ceilings and open design only serve to enhance the ocean vistas. There are 4 large bedrooms, and a beautifully Bali styled secondary living area. Turn down the lights, grab the popcorn and get comfortable in your media room to enjoy your favorite movies. A chefs dream kitchen awaits you for your culinary creations . 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.
Endless Summers--is set amongst lush native foliage, surrounded by over 10 acres, offering unparalleled privacy, with a sandy beach, and stunning ocean views. This large must-see custom built concrete home is situated on a private gated peninsula. After meandering down the winding driveway, one is impressed by this uniquely designed home suited for a large family and designed with guests and ease of entertaining in mind. This house offers the unique natural setting that celebrates the nature and wildlife of the Keys. Enjoy the quiet solitude while practicing yoga on the beach or soaking up the energy from sunrises and sunsets from the roof top pool deck offering incredible privacy and views. This house would also be suitable for two families to share. Designed with the capability of being 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.
Weekend retreat or primary residence, this fabulous Florida Keys home offers you all that you need to live the island lifestyle including a pool, tiki hut and boat lift. Located on the Bayside at Mile Marker 98, this waterfront, single family, offers 3 en-suite bedrooms and a powder room in 2,099 Sq Ft of living area. The outdoor living area is enhanced by an in-ground pool and canal front boat lift. Open water views from the roof top deck. Equipped with an electric car charging station and RV Hookup with plenty of parking for all your guests within a gated corner lot in Buccaneer Point. 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.
Ted Williams Estate. This iconic estate has a place in Islamoradas history and is where old Florida charm meets contemporary living. This estate has it all, a fascinating history, privacy, panoramic bay views, protected dockage, tropical landscaping and the perfect location on Upper Matecumbe Key. This 5 bedroom/4bath home includes many spectacular features including an infinity edge pool with spa , 3,200 sq. ft. of living space, balconies and terraces. Ted Williams, the baseball legend and pioneer Keys fishing personality, lived in this house until the early 90s. Today after many upgrades, this home still occupies a unique position as one of the most famous homes in the Upper Keys. This is a true landmark and a fabulous place to enjoy. Florida Keys Real Estate and Homes For Sale.
HUGE OCEANFRONT PARCEL JUST UNDER 3 ACRES IN ISLAMORADA, large deep water basin! 600 of waterfrnot! You will enjoy this gated compound with a ground level home with many extras including fireplace and home theater screen. Large deck to enjoy the unobstructed oceanviews. This is a rare and unique property! Florida Keys Real Estate and Homes For Sale.
This gorgeous, all concrete pool home has been completely renovated from top to bottom with an open checkbook, no expense spared! Originally built 1966, This home has been completely renovated in 2018 down to the concrete walls and ceilings. New plumbing, new electric, new flooring, new kitchen, new appliances, new bathrooms, new interior doors, trim, new hardware, new Andersen impact windows and doors,new air conditioning and ducts, new dry wall,brand new pool with travertine deck. Situated on a wide canal basin and only 6 lots to Florida Bay. 3 Bedrooms, 2 Baths, Living Room with fireplace up and 1 BR, 1 BA down with separate entries. New sea wall cap, private boat slip, finished with Ipe Wood. Chicago Brick driveway complemented by professional landscaping and new sprinkler system. Florida Keys Real Estate and Homes For Sale.
Income Property! A successful weekly vacation rental, Turtle Nest Estate is a long established rental property which has achieved $1,029,585 in gross rental income over the past 5 years (2013 to 2017). With an average annual gross income of $205,917, this property could potentially be self-funding! Plus you also get to enjoy your own tropical beachfront paradise on the ocean in desirable Islamorada near all the most popular diving and fishing spots. Relax on the 150-foot beach, soak in some rays by the pool, or enjoy nearby fine dining, entertainment & local attractions. This luxurious home offers more than 6,000 sf under air, an oceanfront pool with integrated hot tub, a wade-in sandy beach and an observation pier. Two-car garage, elevator, theater room, split plan, guest wing & more! Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Ideal home for Keys Living in desirable Venetian Shores! Afternoon shade cools the private, tropically landscaped pool area of this 4 bedroom canal home. On the main floor, an updated kitchen with walk-in pantry/laundry is open to large living and dining areas leading to a pair of guest bedrooms and two bathrooms. Huge screened patio overlooks the canal. Ground level holds a welcoming foyer and very large guest suite with that opens to the canal and the pool area. Top floor spacious master suite with peekaboo bay views and vaulted ceilings. The crystal clear canal spills directly out to Snake Creek providing quick easy access to ocean and bay - with no fixed bridge. Davits and a #16,000 lift make this a boaters dream. Storage galore inside and outside the house. Great rental history! Florida Keys Real Estate and Homes For Sale.
Islamorada Oceanfront Paradise! Entering the private gated property you will see the attention to detail that went into creating this masterpiece. This home boasts sunrises from every room, a yoga platform overlooking the ocean, a party area with a huge custom bar overlooking the beach, ocean, and waterfall flowing into the pool. Enjoy the panoramic ocean views from all rooms in this open concept home, which has been meticulously designed to mirror the curvature of the ocean edge allowing for maximum views. This custom designed home mirrors the curved shoreline of the large 100-foot private beach leading out to a deep-water mooring. Invite your guests! You can be sure they will feel welcome in all 3 en suite bedroom/baths designed for complete privacy. Cook your catch after a day on the wa Florida Keys Real Estate and Homes For Sale.
Custom Built Home with room for family and all your water toys just 30 minutes from Miami. Concrete Building with a concrete roof and 60 ft. of concrete dock with davits for your boat, built in 2006. Luxury abounds you in this home. A Concrete Bunker in The Florida Keys. Gourmet kitchen with stainless steel appliances, Granite countertops, wine cooler, Marble floors and Marble tiled bathrooms throughout this home. Privacy wall and fencing with lush landscaping surrounds your private entertainment area on the canal. Enjoy Sunset Celebrations over the horizon. Truly a remarkable home you wont want to miss. Room to add a pool. Must see this home to appreciate. Florida Keys Real Estate and Homes For Sale.
Spectacular ocean views AND dockage! This beautiful home in Tavernier is offered furnished and features a beautiful pool, protected dockage and 4 bedrooms and 3 baths. The 3rd floor master suite has unobstructed ocean views as well as a large open deck for relaxing in the sun or stargazing. The second floor living area has a great open floor plan with very large kitchen which is open to the dining and living areas. The living areas open to the oceanfront screened porch through 2 sets of sliding glass doors. The spacious pool deck is pavered and has room for lots of seating and lounging. There is additional storage space on the lower level as well as a carport and additional parking space. The home is fully fenced with 2 gates and a pavered circular driveway. Florida Keys Real Estate and Homes For Sale.