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.
Enjoy astounding views as you enter this estate home with soaring ceilings and floor to ceiling windows. Offering 8 bedrooms, 6 1/2 baths set on a nearly 1/2 acre point lot, with open water views of Snake Creek and the Ocean beyond. Screened balconies on all levels, beautiful screened in Pool and Spa, 100 Protected Dockage, mature tropical landscaping with lighting. Double 4-car garage, Separate guest quarters, Elevator. Gated Drive. Easy to show by appointment. 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.
New Construction,three story concrete fortress with Hurricane impact windows. 3 bed 4 bath with nearly 3,700 sq ft of living area pool/spa.Ground level offers 57x 16garage/workshop. Covered entryway. Covered patio, wet bar, steps to the pool/spa. Second level offers chefs kitchen with island,upgraded appliances, bath,large walk in pantry. Massive living room for entertaining and balcony over looking the pool and canal. Second floor offers 3 en-suites with a large master bedroom overlooking the water, large master bath with garden tub/separate shower. Third level offers a 57x33 roof top terrace. Spectacular views of the Bay and unobstructed sunset views. Not too late to pick your own finishes/colors. Boat dock and lift are in place.Come see this beauty. Private community boat ramp. 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.
Come enjoy Islamoradas new luxury address! The 12 Maison Residences on the oceanfront in Islamorada are currently under construction so you have time to choose your finishes. 3 or 4 bedroom beautifully appointed flats with private elevator and covered parking are available. Maison will be your private beach resort with its 350 ft. white sand beach, 155 ft. day dock and Oasis pool & spa. Pass through the gated entry to your 2 garage spaces, then take the elevator directly to your private entrance foyer which opens up to the kitchen, dining area and great room. The open oceanfront lanai can be customized with gas fireplace, TV, ice maker, wet bar... Just use your imagination! 5 of the 12 units have been spoken for, dont miss out on this pre-construction opportunity! Florida Keys Real Estate and Homes For Sale.
Elegant yet comfortable 3 Bedroom 2 Bath home is located in Buccaneer Point Mile Marker 98 Bay-front. It includes a unique 4 car drive-thru garage! Beautiful smooth cedar ceilings in living area. The kitchen boasts granite counters and stainless steel appliances. Bamboo floors in all bedrooms. Travertine Marble in living area, kitchen & wrap around porch. Extraordinary Bay views from the patio area. The AC unit is new as is the metal roof. The dock has been completely refurbished with high end composite and includes a boat lift that comfortably accommodates a 23ft flats boat. Florida Keys Real Estate and Homes For Sale.
CONCRETE CANALFRONT HOME located in Lime Grove Estates. Attractive 4/3.. interior stairs connects 2bd/2ba up & above flood 2bd/1ba down with family room. REMODELED, Impact Doors/Windows, Metal Roof, Travertine throughout, custom window blinds. Master suite includes great closet space & luxurious master bath with steam shower. Relax and enjoy the OCEAN VIEWS from living room & on the expansive upstairs screened patio. Covered patio downstairs great for entertaining and lounging in the lushly landscaped tropical garden. Move in ready! 65 of concrete dockage with boat slip. Direct ocean & easy bay access. Gated entry, ample parking. Youre beautiful island living awaits! Florida Keys Real Estate and Homes For Sale.
CALLING ALL BOATERS! - Need Space for you and your boats, this Port Largo home has it. The IPE Dock- expensive, tasteful and durable Brazilian Walnut will highlight any backyard. Spacious 5 bedroom Port Largo home on deep water canal. This home has a beach feel with open kitchen, living, and dining area, very entertaining. Lots of room for everyone with 3 bedrooms upstairs and an additional 2 bedroom guest quarters and living area downstairs. Port Largo is best known for dockage and immediate ocean access to world class diving and fishing - dont let this one get away from you. Florida Keys Real Estate and Homes For Sale.
BEAUTIFUL BAYFRONT PROPERTY in desirable Lower Matecumbe where you can partake in the fabulous backcountry fishing or easy ocean access to enjoy offshore fishing and diving. Concrete 2-story home offering 3bd/2ba up and a legal apartment down, all remodeled since Irma. Relax in the open living area and enjoy 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 poolside deck. 580sqft. garage which opens on both ends and offers ocean and bay views. This home comes furnished with 2 wave runners and golf cart. 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.
Welcome to Solace on the Point. Perfectly nestled on the bay is this amazing Stillwright Point Estate. As you enter the perfectly manicured grounds, the Brown & Crebbin designed landscaping greets you with all it warmth and privacy.There is the exquisitely decorated main house with 3 bedrooms, 3 baths and a magnificent roof-top deck with panoramic views. The guest house offers open water views through its glass walls.Each of the 3 stories in the main house offers a complete living area and elevator. The list of features includes a sandy beach, gated entries, monitored CCTV security system w/infrared beam detectors.Toto toilets,5,000 gals.cistern,generator,amazing roof-top deck for year-round sunsets, outdoor grill, commercial grade kitchen stove, 2 Boat lifts, 1 personal watercraft lift Florida Keys Real Estate and Homes For Sale.
Luxury Waterfront Islamorada Pool Home with Dockage & Elevator! This well-built custom 4BD/4BA was meticulously constructed with high-end finishes and artistic one-of-a-kind touches that make this waterfront home truly unique. The spacious 3,365 sf concrete home is privately gated and offers all impact windows and doors on 3 separate living levels with both interior central stairs and an elevator. Theres also a large integrated garage with extra storage space 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.
VENETIAN SHORES! Turn Key furnished, Concrete construction, Custom built home offers over 2,659 sf of living space featuring a Chefs kitchen with top of the line appliances, a gas stove & grocery lift, nice open floor plan for entertaining, soaring ceilings, expansive porch overlooking the waterfront, third floor master suite, office/3rd bedroom in lower level guest quarters, above flood possibly can be enclosed to expand living space, Interior Staircase already in place! Lots Of Potential!Lower level storage, under cover parking, 70 ft. of dock with a 15,000 lb. boat lift, crystal clear canal with direct ocean and bay access. 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 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.
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.
Amazing, turn-key investment property with a stellar rental history. The average occupancy is 46 - 50 weeks a year. This impeccably maintained oceanfront residence has a brand new pool and dock. Large double lot perfectly situated so you can enjoy spectacular sunrises daily. The resort-like amenities create the ultimate escape. With four bedrooms, a bonus room, two living rooms and three and half bathrooms, this is the perfect home for entertaining. Sold furnished with custom furnishings, stainless appliance, granite countertops and custom mosaics. Completely turn-key investment property. Please see documents tab for weekly rental rates. Too many upgrades to list, please see documents tab for a more complete list. This home is the ultimate beach vacation home. Florida Keys Real Estate and Homes For Sale.
Serene Island LivingThis canal front home Offers a spacious open floor plan with high ceilings and an abundance of glass sliding doors that open onto the expansive screened porch for endless entertaining. Featuring two inviting guest bedrooms, private second floor master suite, and a center island kitchen with wood cabinetry and granite countertops. Situated on a 70 foot lot with concrete dock overlooking a natural bird sanctuary preserve. Paver driveway surrounded by tropical landscaping and two car garage completes this wonderful offering. Florida Keys Real Estate and Homes For Sale.
Spectacular Ocean Water Vistas and Sunrises from this Solid Concrete Custom 3 Bedrooms 3 Full Baths and Den Waterfront Stilt Home - 3 Lots from the Ocean on a Dead-End Street with Protected Mangroves. Tavernier Ocean Shores, NO HOA, only 1.5 Hours to Greater Miami. The 500 Sq Ft 3rd Level Master Suite has Dual Sliding Glass Doors leading to the Giant Wrap Around Deck providing a Fabulous Vantage Point for Glorious Morning Sunrises and Unobstructed Star-Gazing! The Second Bedroom features an Ensuite Bath. Beautiful Third Bedroom and Third Full Bath, and a Den! Launch from your 60 Ft Dock - in Minutes your on Keys Patch Reefs and Cobalt Blue Gulfstream, World Class Diving and Fishing! High Ceilings and a Modern Open Floor Plan with Spectacular Ocean Water Vistas! Covered Parking and Storage! Florida Keys Real Estate and Homes For Sale.
This gated ocean front estate is situated on over 2 acres cocooned by lush tropical gardens and features an old Chicago reclaimed brick circular driveway.The grand home offers a stately open living area and gourmet kitchen with 2 islands, offering Patagonia granite countertops, seats 8, and top-of-the line appliances. 3 private guests bedrooms each features spacious balconies and outdoor showers.The enduring master suite offers walls of closets,ocean media sitting area, a gorgeous master bath & private shower. The third floor home office features a wet bar &outdoor porch with open water views.The inviting outdoor covered living area is perfect for entertaining and includes well over 2500 sq ft with custom custom counter tops.The relaxing large sundeck surrounds the sparkling heated 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.
If size, location and open water views are what you seek, look no further than this jewel on Saint Thomas, in the prestigious Port Largo Community. This 6 bedroom and 4 bath home leaves little to be desired. The large living area and kitchen located on the 3rd floor provide the best vantage points for endless water views.The 75 ft of deep water dockage offers quick and easy ocean access with a 6 ft control depth at the entrance of this waterfront neighborhood for vessels with deeper drafts. The heated pool and outdoor kitchen impart ample room to entertain and unwind. The 1st floor allocates plenty of room for storage and has a permitted full bath easily accessed from the pool. The 2nd floor boasts 4 bedrooms and 2 baths. Along with the living area, kitchen and laundry, the 3rd floor has Florida Keys Real Estate and Homes For Sale.
WATERFRONT CONCRETE HOME with OCEANVIEWS in ISLAMORADA offering DIRECT OCEAN ACCESS, perfect for the avid fishermen, snorkelers and divers, situated on a large harbour with 85 of DEEP-WATER DOCKAGE! Spacious and well-maintained 4bd/3ba with interior staircase. This home is meant for outdoor entertaining with an outdoor bar and lush tropical landscaping offering a lot of privacy along with a roof-top deck to enjoy the oceanviews. This is where you will enjoy living the FL Keys Lifestyle! Florida Keys Real Estate and Homes For Sale.
NEW BAY FRONT CONSTRUCTION - Nestled on nearly five bay front acres in Key Largo (1 hour from Miami) sits Mahogany Bay, a private enclave of four Balinese style, open waterfront homes. This stunning residence features 2 master suites, and 2 guest suites with amazing bay views. A professional (gas) kitchen, swimming pool, protected dockage, tennis court, and extensive covered outdoor terraces complete this beautifully designed home. Appliances, furniture, and home furnishings included in purchase. Separate buildable lot and approved plans for future guest cottage included with purchase and deeded with residence. Florida Keys Real Estate and Homes For Sale.
This Quintessential Keys Cottage in Safety Harbor has 200 ft. of dockage. The home has been owned by the same family since 1988 and it is now time for a new family to make wonderful memories in the Keys. The pool is the perfect place to enjoy the sunshine or cool off after a day of fun on the water while the dock gazebo features a sink and built in grill and is the perfect place to relax in the shade. Inside the home you will find an open living area which is open to the Florida Room and kitchen. Numerous French doors open to the backyard and pool deck. The vacant lot adjacent to the house can be separated and sold should you desire. Dont miss the opportunity to make this extraordinary property your Piece of Paradise! Florida Keys Real Estate and Homes For Sale.
Tri-level contemporary Key Largo estate in prestigious Stillwright Point offers direct access to Blackwater Sound. Setback from the open bay, this stylish waterfront property combines the best of traditional coastal living with the convenience of 120 feet of deep water frontage with easy access to Blackwater Sound. Situated on a 2.5 oversized-waterfront lot the open and newly renovated property is perfect for entertaining both indoors and out - featuring a dedicated terrace on each floor with impact glass windows and doors revealing direct bay and sunset views. Additional features include private elevator, laundry room and 2-story great room with accent lighting, custom quartz staircase, and marble flooring throughout. Expansive open kitchen with top-grade appliances Florida Keys Real Estate and Homes For Sale.