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.
Breathtaking views from this open floor plan home, with updated spacious kitchen, 4 inviting bedrooms, and screened balcony over looking the swimming pool. Great outdoor living with Tiki Hut, pier, boat lift and deep water dockage. Lush landscaping surrounds the paver driveway and 3 car garage with electric car stations. Florida Keys Real Estate and Homes For Sale.
BEAUTIFULLY UPDATED WATERFRONT POOL HOME! This home has been completely updated offering 3 bedrooms & 2 bathrooms, impact windows, awesome outside entertaining area with a gorgeous pool, 60 ft. of dock with boat lift, located in a great neighborhood with a bay front home owners park with a boat ramp & close to everything in the Village of Islamorada! This home will not last long! Florida Keys Real Estate and Homes For Sale.
Welcome to The Laguna House in the prestigious community of Port Largo. The Chicago brick driveway greets you as you arrive through its private, sculpted gates. With over 4,600 sq. ft of permitted living space, this large 5 bedroom, 3 bath home boasts impact windows & doors which are enhanced with their custom Bahama shutters. The porcelain floors throughout provide the perfect background for the Brazilian cherry wood stairs and Rosewood kitchen ceiling. The 2 main bathrooms have been updated with tumbled marble. The hardwood kitchen with Wolf/Sub Zero appliances hides a large pantry. The 1,352 sq ft of covered terraces provide the perfect place to entertain or unwind. The large pool is surrounded by a marble pool deck. A whole house generator can maintain power during outages. The 12k Florida Keys Real Estate and Homes For Sale.
Oceans Two is an expansive, oceanfront compound, consisting of main and guest houses, located inthe gated enclave of Ocean Cay Estates, Key Largo, Florida. Key Largo, the first of the Keys south of the mainland, is just an hours drive from Miami, its airport,its international allure and the glitz and glamour of famous South Beach. During that one hour drive, the environment transforms from the excitement of urban activity to thetranquility of island living, within the peninsular community of Ocean Cay. Oceans Two commands its position on nearly one acre of oceanfront property with twoMediterranean structures, providing six bedrooms and six and one-half baths in over 6,000 square feet.Nestled between the two dwellings are a heated infinity-edge pool 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.
Ted Williams Estate. This iconic estate has a place in Islamorada history and is where old Florida charm meets contemporary living. This estate has it all, a fascinating history, privacy, panoramic bay views, protected dockage, extensive tropical landscaping and the perfect location on Upper Matecumbe Key- walking distance to many of Islamoradas best restaurants and a short boat ride Florida Keys Real Estate and Homes For Sale.
This 3 bedroom/2bath home offers a large open floor plan, an abundance of glass sliding doors, and expansive porches for endless entertaining in an island setting. With 70 feet of protected dockage, this refuge has panoramic views of the canal overlooking a private nature preserve. Deep water dockage with direct bay and ocean access complete this home. Florida Keys Real Estate and Homes For Sale.
Incredible bay views from roof top deck, this custom built pool home in desirable Indian Waterways has 83 feet of dockage with davits with easy bay access. Large master bedroom suite, total four bedroom 3.1 bath. A gourmet kitchen with large pantry space and bay window booth. Beautiful pool with landscaped yard with pavers driveway. Florida Keys Real Estate and Homes For Sale.
Casa Playa is a newly constructed 5 bedroom, 5 bath home with over 3,700 sq ft of living space and a 1,273 sq ft covered terrace over looking the pool and ocean. Nestled on almost an acre of land, Casa Playa boasts a 100 ft sandy beach and yet offers plenty of privacy and parking with its gated entry and paved driveway.As you arrive through its front door, the large open floor plan and high ceilings provide the perfect backdrop for entertaining and unwinding. The 8 ft impact doors offer ocean views from every angle. The light grey wood look porcelain tile throughout, provides the perfect canvas and compliments whichever interior style its new owner chooses.The kitchen, with its pantry, hard wood cabinets, and granite counter tops, opens to the living area. The master bedroom with its Florida Keys Real Estate and Homes For Sale.
Hughs Haven. Offered for the first time in over two decades, this boaters paradise provides 200 feet of waterfront with two concrete docks and open-water bay views. CBS 3 bedroom, 3 bath home with game room, 2,400 sf living area and 416 sf garage. Interior elevator and new A/C. Large 14,400 +/- sq. ft. lot in Islamorada with new fish cleaning table, ample parking for vehicles and boat trailer; plus a large side yard with room for a pool. Located at MM 74 in Safety Harbor, Lower Matecumbe this gated property provides deep water at both concrete docks, boat lift, and boat ramp with direct Florida Bay or Atlantic Ocean boating access. This home awaits new owners who appreciate water sports, relaxation, and an island lifestyle. Florida Keys Real Estate and Homes For Sale.
Canal front home in prestigious Venetian Shores. The open concept kitchen, living & dining areas open to a large screened porch which overlooks the 100ft. wide, deep water canal with direct access to Snake Creek. An interior staircase leads to main living area with 3bd.2ba. and laundry room. The downstairs apartment is 1 bd.1ba with a kitchenette. 70ft concrete dock w/fish cleaning station. 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.
CARIBBEAN BREEZE~Easy Island living in prestigious Port Largo area. Cool off, relax & unwind in spacious pool & spa home on over sized lot. Kick back and chill in your piece of paradise fully furnished 3/3 plus 1/1 on 1st level, updated kitchen & baths with plantation shutters, gorgeous lighting and other amazing finishing touches. Private master suite on 3rd floor with beautiful large bath with tub and shower with jets. Large walk in closet. Move-In condition, complete with concrete dock, breezeway, large covered terraces, 2 garages and lots of great storage, room to store RV, cars, trailers and more. Seller financing possible. Easy commute to & from Miami, steps to local bars, restaurants, entertainment, shops, and more. 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.
INVESTOR ALERT! Buccaneer Points popular Bounty Lane BAY front is priced like a canal home and has double the pleasure in this custom OPEN WATER 3400+ sq. ft. home w//2 living levels of cathedral ceilings, a NEW maple kitchen & quartz counters, 2 Master En Suite bedrooms, 2 guest bedrooms & baths, 2 dining rooms, and 2 great rooms w/ dock & 2 BOAT LIFTS! Upon entering this spacious home, youll see panoramic water views on 2 levels with a 3rd level roof top deck for more year round sunsets More... Boaters will enjoy this short pier dock with boat lifts and deep water dockage. Families can enjoy the large yard with paddle and kayak access through the beach with plenty of storage on both sides of covered carport to store your water toys. Florida Keys Real Estate and Homes For Sale.
Oceanfront Estate with Deep Water Dockage. Rare opportunity to own or redevelop! One of the few private estate parcels in Islamorada with 400+ ft. of waterfront on 4.3 acres of upland and some of the deepest oceanfront dockage in the Keys. Winding driveway leads through tropical gardens to the 1934 settlers beach home which is now an updated 3/3 with relaxing Old Florida feel & open ocean views. Zoning allows for weekly vacation rentals. Truly private with no neighbors in sight until the end of the dock. You must experience this property to appreciate the hush of the palms and the historic, peaceful old island magic. Call to arrange a private showing. Florida Keys Real Estate and Homes For Sale.
ISLAMORADA WATERFRONT HOME LOCATED ON ONE OF THE MOST DESIRABLE STREETS IN VENETIAN SHORES! This solid concrete home with a metal roof features over 2,400 square feet of living space, 4 bedrooms, 4 full baths plus powder room, open floor plan with vaulted ceilings, family room, large living room, gorgeous granite/stainless kitchen, private master suite, 70 ft. of dock with davits, direct bay & ocean access via snake creek, garage storage & so much more! 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.
CASA GRANDIOSA ~ Private 2-acre Ocean Front Estate is an architectural jewel designed with Caribbean flair & refined finishes. Offers 100 ft on the Atlantic with dock & boat lift. Luxuriously appointed 5 bedrooms plus loft, 5.5 bathrooms, Elevator, Outstanding Kitchen & Bar. Gather & entertain in the voluminous 2 story great room. French doors showcase the view while opening up the home to the island breeze. Spill out to the awe-inspiring terrace with ocean view. Lower level features Old Chicago Brick Walkways, Pool & Spa, 4 Car Garage. Loft For Panoramic View. Eligible for vacation rental use. This property presents an outstanding lifestyle or investment opportunity. Be quick! Florida Keys Real Estate and Homes For Sale.
Architecturally inspired by Italian Old World charm, this modern Mediterranean oceanfront estate is situated on a peninsula on the Atlantic Ocean in exclusive Ocean Cay, Key Largo. This luxurious estate home, on over 13,000 sq. ft. of ocean front land features ultimate privacy with superior CBS construction, a four car garage, electric shutters, electric gates, elevator, 5 central AC units and over 5500 square feet of living space on 3 levels. Majestic palms and the grand mahogany doors invite you into this four bedroom, five bath estate home filled with an abundance of natural light. Florida Keys Real Estate and Homes For Sale.
An architectural masterpiece in Venetian Shores. This spectacular home takes full advantage of canal and pool views as well as offering excellent outdoor entertaining on two levels. Enjoy seclusion and privacy as well as what many consider to be the best ocean and bay access the Keys have to offer.1 bedroom & 1 bathroom are nonconforming. Florida Keys Real Estate and Homes For Sale.
This parcel to be sold together only with contiguous parcel@ 95325 Overseas Hwy, AK#1592986,RE#00483360 000000 13 62 38 PT TR 5&6 SOUTHCLIFF ESTS PB2-45 & PT GOV LOT 1 & ADJ BAY,3.24 acres for grand total of 9.36 acres. Includes 1137 sf 1970 2/1 cbs home metal roof. Broker part owner/family owned. This unique wooded acreage has a deep basin with dolphin piling and channel directly on the ocean. Residential use (non-conforming) now, but commercial zoning.Best approval rating via Monroe County is MIXED-USE COMMERCIAL development. *Includes data for both parcels and for taxes. This is a duplicate listing also found in MLS as Commercial #579482, as both uses permitted. 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,full 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.
Florida Keys Real Estate and Homes For Sale.