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.
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.
9-26-19 REDUCED $100,000...This is the perfect home for an extended family with a total of 5 bedrooms and 4 baths with 100 of dockage located in Islamoradas premier neighborhood of Venetian Shores. The main level features an inside foyer and staircase, vaulted living room that opens to a private balcony, updated granite & s.s. kitchen, 3 BRs, 2 BAs (2 Guest BRs plus Mstr Suite - split floorplan - updated baths), and a large terrace with outdoor kitchen + 10 person spa! Theres also a 3rd level loft/family room. Downstairs are 2 Guest Apartments - legally permitted and above flood, 2 car garage, storage room, and a large covered area perfect for games, dining, whatever you dream of! Room for your & your friends boats and minutes to the ocean or bay via Snake Creek. Florida Keys Real Estate and Homes For Sale.
ISLAMORADA BEACHFRONT OASIS! Enjoy a natural sandy beach right outside your front door on sought after Sunset Drive on Lower Matecumbe Key. Listen to ocean waves wash up on your shoreline & lull you to sleep every night. Remodeled 4B/3B residence with great attention to detail, gourmet kitchen, separate dining area, living room with fireplace, vaulted ceilings, guest bedroom wing on main level, interior stairs encased in brazilian wood leading to 3rd level private master suite overlooking the Atlantic. Panoramic open water views from all 3 levels makes you feel as if you live on top of the water! A relaxing, elegant, turnkey home offered fully furnished for added convenience. Protected dockage on canal front outparcel. Permits applied for docking a larger vessel via boat slip @ dock. Florida Keys Real Estate and Homes For Sale.
This home has it all! 85 ft. of concrete dock, with a boat lift, located on a deep water canal featuring an excellent location just 3 houses in from Tavernier Creek giving you direct ocean & bay access. There are 2 bedrooms & 2 bathrooms upstairs & 1 bedroom & 1 bathroom downstairs. New Swimming Pool, new roof, new pavers, new fence, new addition on upper level, plus lower level guest quarters, fish cleaning station, outdoor shower, storage with an ice machine & refrigerator and so much more! Florida Keys Real Estate and Homes For Sale.
This fabulous Plantation Key Colony home has been remodeled and meticulously maintained. The residence features two bedrooms and two bathrooms upstairs, and a full bathroom and living area downstairs. The in-ground concrete heated pool with Jacuzzi jets and saltwater system, and the concrete dock with a new 10,000-pound boat lift, water, and electric are accented with travertine tile and landscape lighting. Additional upgrades include a new kitchen with quartz countertops and stainless steel appliances, tinted impact windows throughout, a new fence with an electric gate, and security cameras. The ground level has plumbing in place for an addition. Florida Keys Real Estate and Homes For Sale.
Upon walking through the artist-designed custom copper front door its obvious that the finishes and features of this property were done to a gold standard. The timeless and classic travertine marble floors throughout give the homes modern architecture a luxurious feel. The breathtaking views center on the coveted Florida Bay, and sweep 180 degrees to Key West. Setting a new benchmark for luxury in bayfront real estate, 31 North Bounty Lane showcases meticulous craftsmanship. The Neff-designed kitchen, while sophisticated and functional, is equipped with high-end Thermador appliances including an induction glass cooktop, double refrigerator, wine chiller, and double oven. Other features include a glass tile backsplash, exquisite green pebble granite, and a walk-in pantry. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
This one of a kind ground level home is built to please the most discriminating buyer. Beginning with the oversized paved driveway you walk in to 8 doors, 10 ceilings and on too beautiful 32 tiles. The open concept reveals the beautiful custom floor to ceiling kitchen cabinets, high end appliances that include an induction stove. Bathrooms are all tiled floor to ceiling and offer custom cabinetry. Custom window treatments and 8 interior solid wood doors with beautiful top of the line hardware stand out. Step outside on to seashell tiles and the beautiful custom 12x38 heated pool deck also covered in tile and landscape for complete privacy. The side yard offers a Chikee Hut with wired fire alarm, gas stove, refrigerator, sink, tv, cabana bath and gated driveway. Florida Keys Real Estate and Homes For Sale.
Location, location! Keep all your boats in the water at this 100 foot long dock just minutes away from the Atlantic Ocean in Islamoradas most desirable boating neighborhood, Venetian Shores. Located on a 100 foot wide canal, you can turn your yacht all the way around in these canals and enjoy immediate access to Snake Creek, the main channel between two islands which also provides quick access to Florida Bay for nightly sunset cruises. This all concrete 2/1 up with a separate 1/1 guest suite downstairs is ready to live in as it is, or expand and update to suit your needs. All concrete with a concrete roof and impact windows plus an expansive low maintenance yard. Plenty of room on either side for a pool, and endless parking for your cars, trucks, boats, trailers and toys! Call today! Florida Keys Real Estate and Homes For Sale.
What an incredible location with endless views of the bay and deep water dock! This is a corner lot with water on 2 sides, 200 Ft +/- of concrete protected dockage, a boat slip, T dock and jet ski davit . Solid concrete construction including the roof. Expansive glass on the waterside of the house maximizes the incredible views. Large open concept entertainment area and tiled floors throughout. Expansive master suite encompasses the second floor and includes a master sitting area, bedroom with bay views, exterior concrete roof deck, and en suite bath. There is a concrete storage building, outdoor shower, accordion shutters, private boat ramp and a beautiful electric privacy gate. This is a wonderful island retreat, only 1 hour to MIA and yet a tropical world away! 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 an office on the main level with an entire third-level master suite. An oceanfront pool, a boat basin, a tennis court, a large sandy beach area, and a multi-car garage complete this exclusive, private property. 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.
This BREATH-TAKING ocean front, new construction home is nestled behind 6 ft privacy gates. Walk into an expansive, blank canvas, open concept great room & make it your own! Kitchen showcases marble waterfall counters & large island, wood cabinets and soft close hardware. High end, ceramic drift wood style tile floors throughout the entire living area. All windows and doors are hurricane/ impact proof. 11 Ft ceilings in the great room & 10 Ft throughout. 3 of the 5 bedrooms have an-suite bathrooms. Multiple french doors overlook the pristine sandy beach & ocean. All exterior porches are made with TREX flooring material & custom made aluminum railings. Pool with sundeck & spa overlook your private beach & ocean. Relax & enjoy your island paradise. Bring your buyers and make an offer! Florida Keys Real Estate and Homes For Sale.
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.
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.
Spectacular & Private Oceanfront Estate with Protected Deepwater Dockage! One of four homes in one of the most prestigious, private and secure gated communities in Islamorada. Total of 6,092 sf of enclosed space; 3,692 sf of air-conditioned living area on the second and third floors, plus a 400 sf screened porch adjacent to the great room/kitchen for outdoor dining. On the ground floor, a 1,000 sf air-conditioned pool/game/family room with hurricane glass sliders to the pool deck for entertaining and a 1,000 sf three car garage with a work shop area. Florida Keys Real Estate and Homes For Sale.
Casa Point on Caribbean is uniquely positioned in the exclusive community of Port Largo and boasts an extremely rare 195 ft of deep water dockage. This 6700 sq ft especial home has over 4900 sq ft of living space accompanied by 6 bedrooms and 4 1/2 baths. It will accommodate the largest of families with luxury living and fabulous entertaining. Grand entrance, an immense chefs kitchen with industrial appliances, swimming pool with slide and spa, 2 car garage, 2 laundry rooms, and 4 zone A/Cs are just a taste of what you will encounter in this illustrious home. 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.
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.
This canal front home on highly desired Lower Matecumbe Key in Islamorada boasts over 120 of dockage, 4,000# and 5,000# boat lifts and a private boat ramp! This home sits on a double, cleared lot on a private cul-de-sac road. The location offers immediate access to ocean or bay for all your boating needs! Downstairs storage, covered fish cleaning station and gazebo for shaded entertainment! Brand new metal roof on home, gazebo, and fish cleaning station. New carpet in home. New appliances. Easy to show and shows well! Home and vacant lot also offered separately. Home for $665,000 MLS#585437 and lot for $425,000 MLS#586534. Florida Keys Real Estate and Homes For Sale.
Boasting of 5 spacious Bedrooms and 5 full bathrooms, a need for space is consistently met. This turnkey luxury home allows for the whole family to relax and unwind either by the pool, or fishing dock side. Take the groceries up in the elevator, then up to the Huge Master Suite complete with his and her separate walk-in closets and get your swimsuit on for a relaxing dual jet hot tub/Jacuzzi massage.Just in time for a sunset cruise from your 60 plus foot direct ocean access dockside. Convenience of your 15-thousand-pound boat lift allows for quick in and out departure and arrival from the beautiful Atlantic Ocean.Heat up the custom 8 burner grille in your spacious outdoor kitchen/dining and entertaining poolside oasis and enjoy a waterfront dinner.2 living room/media rooms allow for 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 are the bromeliads, all of the orchid collection and all staghorn ferns attached to trees. Florida Keys Real Estate and Homes For Sale.
Best Boating in the Keys! Desireable Venetian Shores 4 bed / 3 bath home with immediate ocean and bay access via Snake Creek from a 70-foot concrete dock with davits on a 100-foot wide canal. This solid-built concrete home offers a 3/2 upstairs with open kitchen, Florida room, and gorgeous porch. Roof Garden for entertainment.Legal downstairs AptOwner/Agent Florida Keys Real Estate and Homes For Sale.