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.
IMPRESSIVE TRI-LEVEL WATERFRONT home in a desirable subdivision offering beautiful OCEAN VIEWS with PROTECTED DOCKAGE! Spacious 4bd/4.5ba with a large great room and relaxing fireplace, 3rd floor master suite offers a 2nd fireplace, elevator to each level, over 3600sqft. of expansive open balconies and huge roof top deck to take in the breathtaking ocean breezes and views of the Atlantic Ocean. Garage on one side and large storage area on the other. Beautiful custom concrete pool, concrete dockage with davits! This home offers direct ocean access for the avid offshore fisherman and a place for you to enjoy the FL Keys Lifestyle! Florida Keys Real Estate and Homes For Sale.
Built in 2018, this home feels brand new and built for you! Waterfront concrete home and concrete roof with four spacious bedrooms and three pretty bathrooms. Live the good life in your chefs kitchen with top of the line stainless appliances, quartz countertops, wine cooler, entertaining island, and a huge walk-in pantry. Feel at home with the open concept living/dining areas and an oversized back porch. On the main living level is a junior master suite and two additional bedrooms and bathrooms. Upstairs is a luxurious master suite & roof top deck w/ outstanding views of the bay & sunsets. Dock permit is in the works! 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.
One of the best values in all of the Florida Keys in a much sought-after location. Being sold by the homes second owner. The first owner was the builder and architect. The home has been completely upgraded and is ready to enjoy. Sit on the 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. This home has the infrastructure to add a third floor for additional space and views. Upstairs there is one bedroom and one bathroom with a large laundry closet space. Downstairs is comprised of two bedrooms and one bathroom. Both levels offer large porches overlooking the Atlantic Ocean and the propertys beautiful beach with views of the sunrise and sunset. Florida Keys Real Estate and Homes For Sale.
2008 Custom built home, with stunning bay front views. Easy boating access to the ocean side via Tavernier creek. Functional cut in boat ramp, with 40 ft of deep dockage. This 4 bedroom 3 bath concrete home with concrete roof offers an interior elevator, recessed ceilings, plantation shutters throughout, crown molding, impact windows and doors. This home is fenced for privacy with paver driveway. Enjoy all this in popular Hammer Point! Great location near restaurants, movie theatre, grocery store, hospital and more. Florida Keys Real Estate and Homes For Sale.
Outstanding Oceanfront Estate Home perfectly situated 5 minutes from Ocean Reef Club and 30 minutes from Miami on a point lot with direct access to John Pennekamp Coral Reef State Park. This 5,100 square foot, 6 bedroom, 5.5 bath estate sits on .72 acres with 300 linear feet of water frontage. It features many luxury appointments and finishes including an ADA accessible elevator, Italian marble floors, sub-zero refrigerator, wine chiller, wet bar, granite countertops, stainless steel appliances, and hard wood cabinets. This is a solid CBS building built in 2014 with a 50-year metal roof and hurricane impact windows and doors throughout. Florida Keys Real Estate and Homes For Sale.
GORGEOUS LUXURY WATERFRONT HOME in the heart of Marathon! Spacious concrete 4bd/4ba home with a grand two-story foyer entrance. Lots of custom work makes this property truly outstanding, open floor plan, relaxing porches and roof top deck with open water views. Downstairs offers separate bonus space currently used as living quarters. Two expansive garages offering front and rear openings. Spacious workshop and large low maintenance backyard offering plenty of room for a pool. 75 of concrete dockage, clean flowing canal and easy navigation to the Atlantic Ocean to enjoy offshore fishing, diving and snorkeling and direct bay access to partake in the fabulous backcountry fishing . 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.
Experience the allure of coastal living at this waterfront pool home. This 4 bedroom house is nestled in Port Largo, a waterfront community with some of the best direct, deep water, ocean access in all the Florida Keys. Enter this recently updated residence with new hardwood floors and immediately feel at home. The downstairs foyer provides an interior access to the 2nd floor which has 2 bedrooms, 1 bath, the living and dining areas, the newly updated gourmet kitchen and 2 terraces. The 3rd floor has another bedroom and the expansive master bedroom and exquisitely designed master bath. Explore some of the worlds best offshore reefs and fishing from your 75 ft dock. The outdoor living area is equally as inviting with its outdoor kitchen area, covered gazebo and in ground pool. The concrete Florida Keys Real Estate and Homes For Sale.
Beautiful Waterfront 7 BR-5 BA, Heated Pool-Gas Fire Pit, 3 Car Garage, EXCELLENT RENTAL INCOME PROPERTY! Custom Built by General Contractor-Owner, completed in 2014, OFFERED TURNKEY! Two Master Suites on the 2nd and 3rd Floors. All Doors, Crown Moldings are Imported Hardwood. Gorgeous Diagonal Ceramic Tile Flooring Throughout. Solid CBS Block, Hurricane Impact Windows and Doors. Electric Roll Down Shutters with Manual Overrides. Just 5 Minutes to the Ocean, No Fixed Bridges. Two Ipe Hardwood Docks, 65 Ft of Dockage, Deep Draft 6 Ft at Low Tide. Electrical 30 & 50 Amp Power and Water. Two Boat Lifts: 10K Lb. and 16K Lb. Gorgeous Water Vistas from 2nd-3rd Floors-Widows Walk. Storage Work Shop! Secured Fenced Yard Bring your RVs, Boats, Skis. NO HOA DUES! Video https://vimeo.com/311331723 Florida Keys Real Estate and Homes For Sale.
Take in the sweeping waterfront views from this top floor Angelfish Cay condominium. This perfectly located residence is steps away from all the vibrant social and recreational activities of the Tennis & Game Center. Beautifully and completely renovated, this waters edge condominium features two bedrooms, a den and three full baths. Soaring vaulted ceiling complement the generous open floor plan, with updated kitchen and great room, tile flooring, finely crafted wood cabinetry, granite countertops and stainless steel appliances. Open the glass doors to your private screened patio, and enjoy quiet morning time and sunrise while you feel the ocean breeze. Florida Keys Real Estate and Homes For Sale.
Craig Cay Island Estate - Construction has commenced! A unique opportunity for a buyer to participate in this exciting project, affording a buyer an option to choose their interior finishes, based on their personal preferences, within a specified budget. When completed, this magnificent, ground-level & sprawling, 9,737 sq. ft. home will be an exceptional masterpiece, with 6 bedrooms, 6 full baths, 2 half baths, exercise room, full entertainment room (above the dining room), glass solarium, tackle room, 3 car garage, captains quarters (above the garage) overlooking the 300 of deep-water, protected boat basin with 106 of concrete dock and a custom, a summer kitchen with the appearance of being set inside the 222 long pool which will wrap around both sides of the house, facing the bay. 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.
Enjoy the Beautiful Florida Keys in Port Largo Community. Two Story 5/5 Single Family home, great for a big family. Looks like 2 homes, 3/3 upstairs, 2/2 downstairs each with separate entrance. Comes Furnished, Pool, Tiki Huts, 75 Foot Dock, Boat lift and davits, 30 Foot Canal Depth. 2 minutes from the ocean . Walk to several bars, restaurants and diving facilities. Great potential for rental income. Florida Keys Real Estate and Homes For Sale.
RARE FIND! ALL OFFERS WELCOME.GORGEOUS!FURNISHED WITH A LARGE OCEANFRONT BOAT SLIP!Rarely available slip NO. 25 is being sold with this property. Stunning property. This large, one story condo comes furnished with a coastal decor and is turn key. You will fall in love with this luxurious property overlooking the rare, private & secured, oceanfront marina. The open water view offers tranquil breezes and magical sunrises. Steps to your boat, the hot tub, and pool!one story condo with a large open concept design with 4 bedrooms & 3 baths! GREAT rental history for investors & a beautiful full time home or get a way for a family. Mandatory refundable at resale equity fee. See HOA fees to include insurance, water & 24/7 security and a capital contribution fee. Florida Keys Real Estate and Homes For Sale.
Opulent, alluring and meticulously detailed, this Islamorada Estate is where perfection meets the Bay ~ welcome to The Fish Ranch. Located on Plantation Key, The Fish Ranch estate features two (2) single family residences plus a media house, and cabana with outdoor kitchen. World-class designs make this one of the more distinguished estates for the most discriminating buyer. 100 swimming pool with two beach entries, hot tub, 250 of sandy beach, putting green, dockage, architectural designed landscaping with fire pit and lighting throughout. Also included with this property is an additional 19,729sf lot. 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.
Gorgeous 4/3 with Den. Centrally Located in the Heart Of Tavernier Florida, Blue Waters Community. All New 2018 CBS Construccion, Ceramic Floors, Hurricane Impact Windows, Metal Roof. Beautiful Kitchen with a Center Island, Stainless Steel Appliances, 40 Dock with Ocean Access. 1st Floor Entertainment Room, Central Vacuum Cleaner, Family and Dining on the 2nd Floor. 2 storage Rooms, one inside on the first floor and the second one by the Dock. The Home is Elevator Ready. Two air-conditioning units for the Home. 5 minutes to Harry Harris Park, CVS, Walgreens, Win Dixie and 10 min to publix and manny restaurants. 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.
This original 1971 beach house has been entirely renovated, complete with a brand new top-floor master suite addition and fresh coastal design. The residence features solid concrete block construction, three bedrooms, two bathrooms, and legal downstairs one-bedroom, one-bathroom guest quarters. Additional amenities include a covered carport, plus a canalfront lot with protected dockage, a boat lift, a pool, and a bar beneath a tiki hut. This property is a must-see to appreciate the beautiful interior finishes, panoramic ocean views, and fantastic outdoor spaces. Florida Keys Real Estate and Homes For Sale.
Ultimate Sportsmans Paradise: Perfect for large families, corporate retreats, or investors looking for rental income! Stunning ocean views, with crystal-clear, deep-water, protected dockage, along the 100+ feet of brand new Ipe wood dock for your offshore yacht, large center console, bay boat, skiff, and all of your water toys! Brand new renovation! This property totals ten bedrooms and six bathrooms in two units, with four kitchens and laundry rooms. There is room for everyone in luxurious comfort. Use one half, both halves or rent out a half, depending upon your needs at the time. The options are limitless. All impact windows and doors and a new metal roof, this property is made to lock and leave for carefree living. Florida Keys Real Estate and Homes For Sale.
OCEANFRONT ESTATE! Behind the gate and concrete wall surrounding this property, you will find the most beautifully remodeled, four bedroom, four and one-half bath home, overlooking the Atlantic Ocean. Three en suite bedrooms feel like master suites with phenomenal views. Fourth bedroom and adjacent bath located its in own wing. Open gathering space with built-in workspace and wet bar; amazing modern kitchen. Featuring a sandy beach complete with horseshoes & hammock, a grand, in-ground pool, boat ramp, concrete seawall and potential for dockage! Three exterior terraces/lanais for entertaining or private sunbathing all with incredible ocean views. The half bath is serviceable by a door leading to pool. One car garage and plenty of parking outside for vehicles/RV. Paradise Found! Florida Keys Real Estate and Homes For Sale.
LOCATION, LOCATION, LOCATION! Not to mention incredible open ocean views AND protected dockage AND a 20,000 lb. boat lift! Grab this opportunity to make this your Piece of Paradise. This home is ready for a makeover, seller has plans and the permit has been picked up for an expansion and remodel to make it 3 bedrooms and 2 baths on the main living level. There is room for a pool and there is plenty of parking. Located in the heart of Tavernier only minutes from popular shopping, restaurants, bars and boutiques but this home is a world away from the hustle and bustle. When youre here you have unobstructed ocean views, feel the ocean breeze, fish from the dock or just relax on the deck. This is a one of a kind opportunity! Florida Keys Real Estate and Homes For Sale.
ATTENTION PILOTS....Rare opportunity to own THREE lots with large concrete home and inground pool! Downstairs guest suite is above flood. Home sits on two lots plus third adjacent lot included in this price! Large parcels, property completely fenced, gated community, close to private Marina for dockage up to 3 boats, can accommodate up to 40 ft boat. Private airstrip, 2,200 grass runway, located directly on Tavernier Creek for immediate boating access. Excellent for full time or part time residency. Three bedroom, three bath home, interior staircase, remodeled kitchen, large rooms, concrete roof, central AC, screened in pool, circular drive, open hangar measures 42feet across, room to build new hangar. Endless possibilities offered with this property. Excellent investment! Florida Keys Real Estate and Homes For Sale.
Tavernier Creek! Exclusive Tarpon Pass home with 120 of Tavernier Creek Waterfront. Featuring a 4 bedroom, 3 bath CBS home located on 1 & 1/2 lots. 50 L shaped dock with lift and room for larger boat. Heated inground pool surrounded by a large waterfront deck with Tiki hut and wet bar. This is your perfect Keys home. Plenty of room for additional parking and boat storage. This property also offers a large garage for vehicles, water toys, and all your fishing/diving gear. Electric gate for main drive and 2nd gate for additional drive provide privacy and security. Also enjoy your evenings along Tavernier Creek in your private waterfront sandy viewing area with wood burning fire pit. This home is finished off with metal roof and accordian shutters on all openings. Florida Keys Real Estate and Homes For Sale.