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.
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.
Custom CBS Pool Home on 2.5 lots. 3B/3B w Garage sits on a slice of Paradise w 285 of waterfront. A private setting. Tropically landscaped w exotic plants, palms & Brick Paved walkways. Beach Style Salt-water Pool w Heater/Chiller. 40 Trek Dock w 16k lb 4 post lift equipped w Swing Stopper & Catwalk. Floating Dock for a second Boat & Boat Ramp for the Kayaks. Decorative aluminum fencing, gates & walkthrough entry. 2 Aluminum Stairways & railings for the main level. Full length screened balconies. 2B/2B Split floor plan w Soaring Cathedral ceilings and a 280sf loft. New Kitchen w Stainless appliances w Granite Counters w wood cabinetry. Impact windows w Accordion Shutters and a Metal Roof. 1B/1B permitted guest quarters. Many more features for you to see, and offered fully furnished. 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.
Welcome to Mima Grada... your Florida Keys oceanfront dream estate with everything you desire to live the ultimate island life. Enjoy your own private boat basin with boat lift and jet ski davits, sprawling sandy beach, lagoon-style pool/spa with poolside tiki bar, private lighted tennis court, and of course expansive ocean views. This spacious beach mansion stands out as one of the most elegant on Islamoradas Millionaires Row, which is an eclectic collection of unique open water estates all with distinctive entry gates, winding driveways and lush tropical foliage. Enjoy the serenity and privacy of Mimi Grada with your immediate family or feel free to invite all your friends with plenty of room for entertaining both inside and out including two private guest suites. Must see! Florida Keys Real Estate and Homes For Sale.
EGRET Residence: Brand new construction! This oceanfront home is stunning! The Tarpon Point community is gated and lushly landscaped with amenities such as oceanfront pool, beach, dockage and full service all home generators. This spacious 4 bedroom 4 bath home also comes with an elevator giving access to all floors of the home. The kitchen is equipped with high end 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.
Ocean on the Cay ~ Extraordinarily designed home with a contemporary beach chic ambiance. Only on the Cay in Key Largo can you keep your yacht at your 100 foot dock and still enjoy the beauty of the open ocean from your home. Designed and built with integrity and a timeless easy elegance. Captains walk around the home on the second floor verandahs. New pool added in 2018 so you can take a dip while capturing the ocean views. Simple and understated interior with a staircase that leads to the second floor of main living, kitchen and bedrooms. Located in Ocean Cay, a luxury enclave of homes in a gated community in the sought after Upper Keys. Being situated nears oceans end allows for extra wide navigation only enjoyed by the end lots, premium Cay location. 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.
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.
Pirates Cove Bay Front Treasure! Enjoy boating and sunsets from this lovely bay front home. Relish the Florida Keys lifestyle in this Key Largo bay front home with 3 bedroom 2 & 1/2 bath. Spectacular water views can be seen from open kitchen/dining and living areas. Or sit outside and delight in the views from the large open patio. This home has a gated entry and is located on the quiet cul-de-sac of Jolly Roger Drive. This CBS constructed home has plenty of parking underneath for your cars and toys as well as space for entertaining. Boaters will appreciate the convenience of boat lift and davits. Boating, kayaking, paddle boarding, swimming, or just doing nothing, this is the home where you can have it all. Florida Keys Real Estate and Homes For Sale.
PREMIER LOCATION IN KEY LARGO with direct access to the ATLANTIC OCEAN! Beautiful all concrete canalfront POOL home offering a spacious 3bd/2ba, finished FL pine cathedral ceilings, open floor plan, storage only down(1045sqft), covered parking, large open porch overlooking pool and canal, tropical pool with 2 waterfalls w/Italian marble decking, 75 concrete DEEP-WATER DOCKAGE, all located in a tropical setting full of beautiful foliage offering lots of privacy. Florida Keys Real Estate and Homes For Sale.
Perfect opportunity to build your dream home in the Florida Keys on a 3 lot parcel in the Village of Islamorada. This property consists of 3 buildable lots with an existing home located on the center lot (lots are also listed separately and available for purchase individually - see listing #587338 - Lot 4/587336 - Lot 5/587339 - Lot 6). Property is on the bay side, next to Robbies and just minutes to Tea Table and access to ocean. Florida Keys Real Estate and Homes For Sale.
Luxury Waterfront Islamorada Pool Home with Dockage & Elevator! This solidly-constructed, completely custom 4BD/4BA was meticulously designed with high-end finishes and artistic one-of-a-kind touches that make this waterfront home truly unique. Designed with wow-factor curb appeal, the spacious 3,365 sf home is privately gated with a paver driveway curving under an elegant porte-cochere. This concrete fortress also has impact windows and doors on all 3 living levels with both interior central stairs and an elevator. Theres also a large integrated garage with side storage 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.
This newly remodeled home truly offers an incredible setting. This home is the 5th home in from the Bay, and is move in ready. This 4 bedroom and 3 baths Waterfront, Pool home with Garage is in immaculate condition. Beautiful white Kitchen offers Quartz counters and Stainless appliances. Additional features, modern white porcelain tile throughout, impact resistance windows and doors, metal roof, heated pool. First level offers a resort like entertaining setting with gorgeous summer kitchen, bar area, dining area, sitting area with TV, and lounging area or sun bathing. Second level offers the Kitchen, Dining, living, laundry, 1 bedroom and 1 full bath. Elegant dark wood stairway leads you to 3rd floor foyer with huge master bedroom suite, 2 additional bedrooms and 1 full bath. Florida Keys Real Estate and Homes For Sale.
Prestigious Port Largo homeCalling all BIG boaters, 3 story Substantial Island home in Port Largo greets you with its grand entrance, stairwell and soaring ceilings. 75 feet of deep water dockage and direct ocean access within mere minutes. Gated entry, brick paver driveway and concrete wall for fencing, adds to the grandeur of this home. Outdoor kitchen for dockside entertaining. As beautiful as the stairwell is, no need to take the stairs with an elevator to access all three levels. The bedrooms are all spacious with emphasis on the extra large master suite over looking the ocean. New kitchen with all the bells and whistles that a chef would enjoy. Extra large laundry room. Sought after concrete roof with a rooftop deck to enjoy the views.. 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.
BOATERS DREAM in PREMIER VENETIAN SHORES! Spacious and well-maintained SOLID CONCRETE home offering 3bd/3ba, legal downstairs living quarters. Relax POOLSIDE in a beautiful custom concrete pool with spa! 70 of concrete DEEP-WATER DOCKAGE and 100 wide canal! Immediate ocean and bay access through Snake Creek! Florida Keys Real Estate and Homes For Sale.
This Venetian Shores Bay Front home offers everything for the serious boater. With 120 of concrete dock, a 60,000 # extra wide boat lift and davits for your bay boat this home can handle all your vessels. There is plenty of depth and a wide channel (88) will accommodate boats as large as 65 with easy ocean access through Snake Creek. The third floor is an open concept living room, dining room and kitchen with built in cabinets has expansive open water views. There are 3 bedrooms with fantastic views on the second floor. The master has his and her bathrooms and walk-in closets. The ground floor has two bedrooms with a Jack and Jill bathroom. There is also a storage room for all of your boating accessories. With over 12,000 sq ft this is one of the largest lots in Venetian Shores 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.
Located in the desirable Port Largo neighborhood, this property is a spectacular custom design with over 6,500 sq. ft. of grand living area. This rare home features exquisite custom finishes throughout which include; two master suites, three en-suite guest bedrooms, and a remarkable entertainment room which can also be used as a gym, yoga studio, or play room. The showcase kitchen island brings a modern flair with top-of-the line appliances. Enjoy the outdoor living space with several covered porches and decks overlooking the swimming pool. Outside you can also find a 60 ft.+ dock on a deep-water canal with direct ocean access. This brand new, one of a kind residence, presents the ultimate living experience with quality and casual elegance. Florida Keys Real Estate and Homes For Sale.
An oceanfront, modern, three-story home located on Largo Sound. Each level of this resort-like home features spacious wraparound porches with breathtaking ocean views. Enjoy the protected dockage and serene waters off Largo Sound. The solid concrete roof, and impact windows and doors give added security and peace of mind. This completely updated four-bedroom, 3-bathroom home offers concrete block construction, two waterfront living levels, a wood staircase, an elevator to all levels, and a custom white kitchen with granite countertops and an island. Theres a separate entrance to the third level if desired. Add a summer kitchen, a bar, or a backyard pool to complement this warm-weather oasis. Entertain family and guests up on the rooftop deck or down on the ground level. 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.
Extraordinary canal front home! This stylish all concrete home features the rare combination of 5 bedrooms and 5.5 baths. Imagine entertaining guests in the chefs kitchen featuring a walk around granite island with Sub Zero and DCS appliances. All three incredible living levels are accessed by a stunning exotic wood staircase, which begins in the downstairs entry and ends in the expansive third floor master suite. Walk barefoot on the cool travertine marble floors on your way to the private concrete rooftop deck with panoramic ocean views. In addition, on the first level entry is a theatre room, legal 1/1 guest suite, tackle room, and abundant storage. Start your motors and you are in Tavernier Creek within 5 minutes for Atlantic and Florida Bay fishing. Florida Keys Real Estate and Homes For Sale.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys Board of Realtors Florida Keys MLS, Inc.