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.
SPECTACULAR PANORAMIC bayviews and breathtaking sunsets offered in this spacious 4bd/4ba tri-level home! Open floor plan with beautiful gourmet kitchen, large living room and dining area, master on 3rd floor to take in the unobstructed views. Enjoy the large balconies offered on each level. Huge backyard, plenty of room for a pool! This is what island living is all about! Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Great opportunity to purchase a canalfront home, CBS construction with a concrete roof AND an extra lot! 2 bedrooms and 2 baths upstairs with a nice open floor plan and 2 bedrooms and 2 baths downstairs. The canalfront has a concrete dock with davits and a cut in boat slip with a 10,000lb. lift. The extra lot is buildable and could be sold off separately or built on. 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.
Bunny Key, a premiere historic Islamorada oceanfront plantation. It has been over two decades since this property has been available. Known by its provenance that starts as the LaBranche Fishing Camp in 1937, where it is said the owner and author penned many a fishing tale with the ocean as his muse and passion for fly fishing as his motivation. Once you enter the gate you will be entranced by the prettiest beach on the island of Islamorada with an estimated 240 feet lining the Atlantic ocean. The main home and guest wing of 3 bedrooms radiate character at every corner, reminiscent of a time gone by with the inviting Old Florida porch stepping out on to the beach. The Kitchen is lined in custom Pecky Cypress cabinets and stone counters which blends beautifully with the Dade County Florida Keys Real Estate and Homes For Sale.
The Beach House offers forever Ocean Views and 100 of sandy beach; Alligator Light can be seen in the distance. Homes sits on a half acre which offers plenty of room for a pool. The prevailing winds coming onshore create a nice breeze, enjoy the afternoon shade in the back and conveniently located just minutes from the Heart of Islamorada. 4 bedroom/ 4 bath CBS home with metal roof and over 4,000sf of living space. Enclosed garage large enough to store a flats boat, plus an additional storage room. Electric gate, circular driveway and seconds to Tea Table for going bayside. Newer ACs and appliances; updated kitchen, bathrooms and interior space. The great room captures the unobstructed ocean views ~ a wonderful place to entertain, watch the sunrise and the moon rise. This is a must see! Florida Keys Real Estate and Homes For Sale.
Open water getaway directly on Florida Bay with dock & boat lift in desirable Buccaneer Point. Unwind in this charming island-style 3/2 home on an oversized lot with fenced backyard, swim spa and outdoor shower. Kick back on the bayview screen porch or in the large top floor master with bay view balcony. Offset your expenses with repeat rentals! This perfect Keys retreat is only an hour from Miami. New metal roof (2015) and new impact windows (2017). Dont miss this great opportunity to live on the open water with dockage! Florida Keys Real Estate and Homes For Sale.
A true gem on Plantation Blvd. ready for new owners to enjoy! The irreplaceable boat basin provides protected dockage for your boats and watercraft while the great lawn offers several areas for relaxing under the shade of the palms. This home offers beautiful bay views from almost every room including one of the baths! Updated and furnished with casual elegance, this home has everything you need to live the Florida Keys Lifestyle! Separate entrances to both living levels allow for privacy for homeowners and their guests. You will feel yourself relaxing as you enter the driveway and pass through the hardwood hammock to the house and then the lawn, boat basin and Florida Bay. Dont miss the opportunity to buy this one of a kind home in this premier bayfront neighborhood! Florida Keys Real Estate and Homes For Sale.
Fantastic deep water dockage in premier waterfront neighborhood. 98 waterfront. 2/2 upstairs with beautiful island kitchen, top of the line appliances, tile floors throughout. Screened porch. Tackle and tool room and bonus downstairs spaces, including built in grill and great outdoor entertaining area. New metal roof, new AC, hot tub, Pool with heater/chiller. Florida Keys Real Estate and Homes For Sale.
Absolutely no damage from Irma!! Exceptional Venetian Shores home w/100ft. dock and views of Snake Creek! Move right in to this 5 bedroom beauty with an ELEVATOR! Featuring a private master suite on the 3rd level, gourmet kitchen w/open living and dining areas and soaring Cypress ceilings. Full guest quarters downstairs w/huge garage & separate tackle room. 15,000lb. Boat lift and 5,000 lb.davits & 2 fishcleaning stations on the dock. Beautifully landscaped with fruit trees, exotic palms and orchids. This home has plenty of storage, Plantation Shutters throughout and a screened porch which encompasses the second and third levels. 3 separate air conditioners for climate controlled comfort as well as a central vacuum system. Florida Keys Real Estate and Homes For Sale.
HUGE OCEANFRONT PARCEL JUST UNDER 3 ACRES IN ISLAMORADA, large deep water basin! 200 on the ocean! You will enjoy this gated compound with a ground level home with many extras including fireplace and home theater screen. Large deck to enjoy the unobstructed oceanviews. This is a rare and unique property! 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.
Magnificent waterfront Mediterranean style pool home. 70 Ft. of brick paved dock with instant & direct ocean access, no bridges. Boat davits & boat elevator. 5 bedrooms, 4 baths, legal above flood downstairs living w/ bedroom, bath, kitchen,& owners lock-out. Elegant and high end finishes throughout, travertine floors, large custom kitchen w/ island. KitchenAid SS Appliances.1 Hr to MIA. Florida Keys Real Estate and Homes For Sale.
This stunning property is an entertainers dream that speaks of grace and uniqueness from the moment you step foot on the property. Beyond the brick paver driveway and tennis court, are two homes which are separated by a garden walkway. EACH home features 10 bedrooms and 11.5 baths! Both core living areas include grand staircases rising to the upper level master suites. Soaring ceilings with Florida Keys Real Estate and Homes For Sale.
Stunning bay front estate with 2 homes, deep water dockage & basin for multiple boats plus a 40x20 infinity pool (under construction) on a gated 2.75 acre lot that stretches from Overseas Hwy to the Bay. Permit in place to build 5500 sq ft home. Opportunity to keep the property as is or tear down the main house and build new. The separate 2 bed/ 2 bath 1029 SF guest house is completed and ready to be lived in. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Craig Cay Island Estate - A unique opportunity for a buyer to participate in this exciting Pre-Construction project, affording an opportunity for a buyer to choose their interior finishes, based on their personal preferences. 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, 222 long pool which will wrap around both sides of the house, facing the bay. A unique feature will be the Safe Room, constructed of concrete walls Florida Keys Real Estate and Homes For Sale.
Luxurious Waterfront Estate, Gorgeous Water Vistas of LARGO SOUND! LIKE NEW Custom Built on 2 Lots in 2007. Steel Reinforced CBS Concrete Home, Metal Roof, 3 Bedrooms-3 En Suite Bathrooms and a Bonus-Storage Room. Impact Windows and Doors. Elegant Master Suite, 600 Sq Ft Covered Patio. Exquisite Master Bath, Jacuzzi Tub, Walk-In Shower. At Ocean Side Entrance of Adams Cut, easy Ocean-Florida Bay access. Privately Landscaped 160 Ft of Waterfront and Deeded Bay Bottom, Boat Ramp, Sandy Beach, 1500 Sq Ft of Covered Open-Air Patios. Permit Approved 50 Ft Dock. Room for a Pool. World Class Gulf Stream Fishing in 20 minutes, Bay Flats in 5 minutes. Imagine only 1 Hour to Miami and the Miami International Airport. Beautiful Home, but wait until you see the MILLION DOLLAR VIEWS of LARGO SOUND! Florida Keys Real Estate and Homes For Sale.
This is a one of a kind home, with direct oceanfront setting; Ocean Views from Every room; Balconies off every room of the house; 367 feet of private beach, No South-side neighbor; dockage good for skiff; sit in your pool and look out over the Atlantic Ocean without going outside;New Kitchen installed 2017, Full granite and full granite back-splash, under counter lighting; New Stainless appliances, two television synced system with HDMI for TV, AND/OR DVD player. All new lighting with dimmer controls.SAUNA, New-Finland Model, located in poolside full bathroom.All Windows are hurricane proof and tinted, with additional Shutters for sliders. Excellent poured concrete construction; Large Beautiful Mahogany entrance doors. Minimal damage from Hurricane Irma Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Income Property! A successful weekly vacation rental, Turtle Nest Estate is a long established rental property which has achieved $1,029,585 in gross rental income over the past 5 years (2013 to 2017). With an average annual gross income of $205,917, this property could potentially be self-funding! Plus you also get to enjoy your own tropical beachfront paradise on the ocean in desirable Islamorada near all the most popular diving and fishing spots. Relax on the 150-foot beach, soak in some rays by the pool, or enjoy nearby fine dining, entertainment & local attractions. This luxurious home offers more than 6,000 sf under air, an oceanfront pool with integrated hot tub, a wade-in sandy beach and an observation pier. Two-car garage, elevator, theater room, split plan, guest wing & more! 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.More photos to come. Florida Keys Real Estate and Homes For Sale.
Luxurious custom-built home with only the finest appointments has been perfected with modern touches and smart-home features. This water-front home boasts 130ft of dockage with open water views. As you enter this exquisitely designed home, by touch of your phone, you are greeted with an expansive living area. This level also boast the kitchen and dining area with custom cabinets and stainless steel appliances. On the next level are 2 large bedrooms and a full bath. Finally, on the 3rd level is the huge master bedroom with walk-in closet, master bathroom with whirlpool tub, and office/sitting area. Both the 1st and 3rd levels have terraces overlooking the pool and canal.More features to complete property include: 2 garages, gates with electric entry, privacy walls/gates, LED lighting. Florida Keys Real Estate and Homes For Sale.
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.